Subprime Mortgage Issues have a Continuing Ripple Affect

Recouping losses from subprime mortgage issues may leave no stone unturned! Many feel the driving force into these investigations & the focus on broker transactions is the failing economy.  Interestingly, given most of the ARS debacle is being paid back, some would say what will it really affect if the loans by these 2 ex Credit Suisse brokers were said to be backed by Federally guaranteed student loans or subprime mortgages. While there were greater commissions generated that could become an issue similar to the Contingent Commission Eliot Spitzer mission.  What seems more important in this whole scenario is whether there was full & fair disclosure, and whether the loans were clearly at greater risk!  http://www.cfo.com/article.cfm/11957689/c_11955041?f=home_todayinfinance  The market is continuing to experience difficulties that seemingly results in creative & innovative & at times questionable strategies to create revenue. Consequently, the SEC may not be what is effectively driving these investigations, but the market & residuals. Corporate governance is critical to our system of checks & balances, but even Sarbanes-Oxley went to far. The SEC should continue to question transactions that warrant a careful eye, but hopefully the wave is not the result of looking for someone to blame.