Devoted to interest rates, loans, and lending institutions

Many questions have not been answered about last year's subprime mortgage crash. And now a few states and cities are interested in investigating Wall Street's role in creating and perpetuating the subprime mortgage market. The Associated Press reports that New York, Ohio, Massachusetts, Illinois, Florida and Cleveland are among those looking at Wall Street practices and how they relate to the subprime mortgage crash.

This might be a step in the right direction. After all, Wall Street has been largely protected in its greed by Fed rate cuts and other measures designed to instill "confidence" in the stock market. Maybe what we need instead of more "confidence" is a long, hard look at the practices that got us where we are today.