munnyhunny: 9:19AM GMT 05 MAR 2009

The "Fed" is a private entity. It might as well be Citigroup overseeing our monetary system. Same difference.

deerhntr: 7:11PM GMT 04 MAR 2009

What does the Fed have to do with the banks?

munnyhunny: 6:58PM GMT 04 MAR 2009

And what if the government stood to gain as well? Do you know how the Federal Reserve even works?

deerhntr: 12:02AM GMT 03 MAR 2009

You don't think the government would have caught on to that? Surely you can't be serious? There would be a lot of people behind bars right now if that were the case.

ckjames83: 3:43AM GMT 01 MAR 2009

To the last poster. Are you referring to the 2 year interest only loans and such creative financing techniques? Think about it this way. If the bank knows for certain you can't afford the home you're purchasing, and you are paying interest up front, which is money in their pocket right off the bat, of course they are going to go that route. They get 2 years free money, then they get to take the house back at a reduced rate, turn around and sell it for more while pocketing that interest. Only so many people can default on their loans before this scheme fails.

ruonrails: 12:25AM GMT 27 FEB 2009

Citigroup has the been the death of me. They were such a huge entity and now they are crumbling. I can't believe the "strongest" banks are falling apart. It's almost as if one bank found a sneaky way to make a couple extra million dollars, then the next bank catches word and follows suit and so forth. Finally it catches up to them.