Problem:
The recent credit crunch in the United States and elsewhere was caused in part by decisions of banks like Countrywide Financial to make loans to borrowers who had insufficient income to repay the loans, as well as by investment banks like Bear Stearns which purchased many of those loans from banks in the secondary market.
Research online, find shareholders of banks and/or investment banks who made claims and filed lawsuits against the officers and directors who had a fiduciary duty to make prudent decisions when issuing and purchasing loans. Share your findings, including facts, history, legal issues court decisions, and your thoughts.