Let me clarify here that I did not intend to communicate that "everything everywhere was completely 100% good except for the bad US mortgage packaging". This wa

Let me clarify here that I did not intend to communicate that "everything everywhere was completely 100% good except for the bad US mortgage packaging". This was my miscommunication and I own it. There were (and are) lots of problems in the financial sector. This is what I got by trying to distill down a very complex process into an easily readable list.