The following video is part of our "Motley Fool Conversations" series, in which financial and economics sector head Ilan Moscovitz and consumer goods editor and analyst Austin Smith discuss topics across the investing world

In today's edition, Ilan and Austin discuss why a former subsidiary of a key financial company has been indicted for forgery and fraud. Find out one reason the mortgage market is such a mess and how it could affect banks.

Austin Smith has no positions in the stocks mentioned above. Ilan Moscovitz has no positions in the stocks mentioned above. The Motley Fool owns shares of Bank of America, Citigroup Inc, and JPMorgan Chase & Co., and is short Lender Processing Services. Motley Fool newsletter services recommend Goldman Sachs Group. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.