This. Plus the fact that there was a lot of fraud packed in those jumbled loans, resold in bulk as securities. But the people whom had the job of sifting through the paperwork to look for false information were discourage by management at these agencies to do so (and access to the digital copies of that paperwork was often unavailable or refused).

The behavior of management at these credit agencies is of the highest negligence.

But the above, aforementioned point about the strategy used to bundle it all was also a big problem.


Worth watching "The Crisis of Credit Visualized" quickie:

http://www.youtube.com/watch?v=Q0zEXdDO5JU

-Insert Chronicles of Riddick Clipart Here-

Also need to colonize Mars for Teleportation Research. Just in case...