[RIJIMMY]

Joe, who put the "bad" in the bad debt? The core of the problem is the "default". Are you blaming bankers for that? No one forced people to refinance and borrow more than they could afford.
Your generally a smart guy, the research on the causes of this problem are widely published and I'm suprised you dont have a better understanding of the problm and its causes. Wall St reacted to a need for these bundled investments which were purchased by institutional investors (ie: smart people running big money). Of course there was a profit motive, but not some sham set up to screw people.