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<p>[QUOTE=&quot;Cloudsweeper99, post: 788031, member: 3011&quot;]It turned out that many of those AAA ratings were a complete fiction.&nbsp; If financial institutions bought them on the basis of rating with no additional analysis, then they got what they deserved.&nbsp; That&#039;s what happens when you buy something you don&#039;t understand.&nbsp; Japan also doesn&#039;t use mark-to-market with very poor results.&nbsp; So you can blame the regulators or blame the rating agencies or blame the financial institutions and you will be correct in every case.&nbsp; This is a story with no heros, only villains.&nbsp; The entire system is broken.:hammer:[/QUOTE]</p><p><br /></p>

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