Common_Denominator

The Dummy's Guide to the U.S. Financial Crisis

Why so many bankers went after the poisonous junk? Because that stuff had "YIELD"! When the next banker down the street is making money by buying MBS, it is difficult for other bankers to hold back, so they all jumped on it. Damn the risk, damn the prudent avenue, go after "YIELD"! Greed won out over rational thinking.