Flaws Seen in ‘Almost Every' Mortgage-Bond as Crash Began

``Investigators probing mortgage-bond sales in the run-up to the financial crisis are finding improper actions occurred "not only occasionally, but in the end, with almost every" deal examined, a U.S. official said... A task force of state and federal authorities set up in 2012 to probe the practices still has "more than a dozen ongoing investigations," including some that may be pursued criminally, according to Stephens. While the government "locking everybody up" is not "the long-term answer for the taxpayer being put in the target zone for all these bailouts," enforcement is needed to address issues that "destroyed investor trust," he said''