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Old 04-14-2011, 12:50 PM   #1
pauldun170
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Default The trigger to the financial collapse

http://www.reuters.com/article/2011/...73C8GX20110413
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Old 04-14-2011, 02:56 PM   #2
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SO we now know who nudged the first domino.

Gotta stop stacking dominoes, though.

That's not gonna happen.
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Old 04-14-2011, 03:58 PM   #3
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Hmm... Triggered the avalanche, maybe, but a whole crapload of people living beyond their means (and people preying off of and enabling them) stacked up all that snow.

Ah, metaphors.
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Old 04-14-2011, 04:03 PM   #4
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Well, the snow metaphor does serve to underscore the insidiously slow accumulation, but the domino metaphor lets you put nice bank logos on the tiles.

I dunno, all comes down to editing, I guess.

Roll credit.
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Old 04-14-2011, 05:11 PM   #5
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What utter pablum. The "trigger" was the creation of the securities in the first place. The fuse was lit when derivatives on those securities were created and marketed. Then again, why bother with the silly financial risk reality (and inevitable outcome) of the Comunity Development and Reinvestment Act altogether.
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Old 04-14-2011, 06:16 PM   #6
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Moody's and Standard & Poor's are just the shittiest Jenga players in the bunch, then.
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