Is the US financial system going to hel# in a handbasket?

First Bear Sterns and now Lehman Brothers, what is happening to the American housing, loan and financial institutions? Over the last couple of years certain individuals have been allowed to walk away with billions of dollars in unfair trades and no one, no one is saying anything about it. Institutions are failing, going bankrupt and no one is checking into who made those billions of dollars in illegal trades that have resulted in the worst financial failure the banking system has seen in this century. Who is responsible and who is losing while others gain?