nobody wants to buy subprime debt. the reason why people did was because the instruments they were buying had a fraudulent A rating slapped on them. As soon a

nobody wants to buy subprime debt. the reason why people did was because the instruments they were buying had a fraudulent A rating slapped on them. As soon as word got out that these thing were dodgy, they were junked. Or sold on to some sucker and then junked. the regulated market only work if illegality is minimised.