The issue at hand is leveraging....x 20 or 30 times.

Frig them.

For what happen in my area, I point the finger at the appraisal establishment. They were the key allowing appraisals and leveraging to run wild.

This same situation happened with credit rating agencies within the financial arena.

We have a character that traversed the West Coast of Fla. that created one pyramid scheme(leveraging) where a half dozen banks were involved.

This is a much less sophisticated story than Wall St, however, it tallies some 180 million. or so. and is similar in nature.

One hell of a story and only one of many here.

He's hiding in Amman Jordan....lol

I'm not for saving any of them sophisticated or unsophisticated

doni