"University of Texas economics professor James K. Galbraith previously said that fraud caused the financial crisis:

    You had fraud in the origination of the mortgages, fraud in the underwriting, fraud in the ratings agencies.

Senator Kaufman said last month:

    Fraud and potential criminal conduct were at the heart of the financial crisis.

Congresswoman Marcy Kaptur says that there was rampant fraud leading up to the crash (see this and this).

TARP overseer Elizabeth Warren suspects fraud as the cause of the crisis.

Yves Smith has shown that fraud largely caused the subprime crisis.

Janet Tavakoli says that rampant fraud and Ponzi schemes caused the financial crisis...."

http://www.washingtonsblog.com/2010/04/well-known-economist-says-economists.html

It is time for criminal investigations to begin.

Ken