Mortgage Fraud Investigation by the FBI:

Hundreds of people across the country have been arrested by law enforcement officials targeting crooked mortgage brokers, real estate agents, and other industry officials, Justice Department officials said Thursday.

Losses in the fraud cases total about $1 billion, the FBI estimates.

More than 400 people have been charged, of whom nearly 300 have been arrested, including 60 in a coordinated sweep Wednesday, Justice Department said

Who believes that it's only $1B in fraudulent mortgages and who also believes that any of the architects were nabbed?

Reminds me of the dot con bubble burst, I'd say most executives got completely away with it in that case.