There is another fleecing of the American taxpayer that no one has brought up about the mortgage fiasco and rip-off.

There is a program already in place to protect the mortgage companies from mortgage default: private mortgage insurance. Every mortgage that is more than an 81-percent value-to-loan ratio is required to have PMI. The premiums alone amount to billions and billions of dollars. Where have the premiums gone and who are the insurance companies? The insurance companies are required to cover the mortgage defaults, not the American taxpayer.

This is another Wall Street and government rip-off. There needs to be an immediate investigation into the private mortgage industry to make them pay back the billions they have made in premiums.