Comment Re:OK, OK... (Score 1) 286
While you aren't wrong there is one thing that Wall Street did that made this situation worse: When they saw that the emperor had no clothes they quietly made bets against their customers.
I would never recommend something that I wouldn't buy myself and that is exactly what they and the rating firms where doing. I won't even get into the fact that all this fiddling and contorting the market turned a relatively small problem into a huge invisible economy crushing one... no one ever asked them to do that.