Elizabeth Warren – like many other financial experts – thinks that fraud played a role in causing the financial crisis.
As she told Michael Moore:
I want to know who did what. Responsibility is about making sure we fix this, and that it will not happen again.
Warren is calling for an investigation, and suspects that an investigation would have serious legal ramifications:
I was talking to someone who spent many years as a prosecutor, and he said when that much money disappears it’s usually because somebody broke some laws somewhere.