The trigger to the financial collapse

[pauldun170]

http://www.reuters.com/article/2011/04/13/us-financial-regulation-report-ratingage-idUSTRE73C8GX20110413

[Avatard]

SO we now know who nudged the first domino.

Gotta stop stacking dominoes, though.

That's not gonna happen.

[anthonyk]

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.

[Avatard]

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.

[JoshuaTree]

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. :)

[anthonyk]

Moody's and Standard & Poor's are just the shittiest Jenga players in the bunch, then.