Since the U.S. financial picture turned so dark in 2008, nearly $11 trillion in household wealth has vanished, and about 4 million families have lost their homes to foreclosure. It’s understandable that people want someone, anyone, to be held accountable.
Need to Know turned to Louise Story, a colleague of Joe Nocera’s at The New York Times, to answer some of the questions raised by Nocera’s reporting on the financial crisis, and how none of the major executives responsible for the subprime mortgage mess have been prosecuted.
