Hell yes, but only if the probe also looks at how Fannie and Freddie were used by politicians for plum political appointments (WTF does Jamie Gorelick deliver for the fat paycheck she receives?), how Fannie and Freddie lobbyists successfully used their deep pockets to line the campaigns of politicians from both parties while lobbying for little regulation over the mortgage giants, and how various regulatory agencies were walked over by these 2 companies.

Texas Sen. John Cornyn, citing a 2006 finding that Fannie Mae intentionally overstated earnings, called for a criminal probe of the mortgage giant and Freddie Mac in the wake of a government bailout to prevent their collapse.

[From Cornyn calls for criminal probe of Fannie, Freddie | Business | Chron.com - Houston Chronicle]

Yeah, let’s have a real deep look at how Fannie and Freddie got themselves and taxpayers into trouble.