The Democrats have filed a lawsuit and the Republicans have announced they won't do it BUT both parties pratice "caging". They send direct mail pieces to voter lists and keep records of those returned as "undeliverable". These records are used to challenge voters at the polls.

But the other issue is still at the heart of the problem. Predatory loan people and naive buyers does not equal a bail out by American taxpayers. Everything is in writing. If a buyer hears only what he wants to hear (you can have all this money and only pay $X monthly) he is still ersponsible to read the small print. That may sound cruel but it is also cruel to bankrupt the country.
If loan officers have broken the law, make them pay the money back and serve time.
Most importantly, if neither group can be trusted, REGULATE the industry. A year from now these same vultures will be whining that lawmakers are preventing them from doing business and thus damaging the country. And the Bushites will lead the parade to free them to do whatever the hell they please.