Or more simply put...unregulated greed eventually runs out of buyers and the sellers are left with overpriced junk. Of course I still don't get why the three r

Or more simply put...unregulated greed eventually runs out of buyers and the sellers are left with overpriced junk. Of course I still don't get why the three ratings agencies are allowed to continue without actually doing their jobs or how banks pay the ratings agencies and _tell_ them what their "paper" ratings should be. It's all a trust game and when one of the players decides (inevitably) to game the game, the house of cards collapses....and those of us that rely on a normalized system of monetary policy are screwed.