[Klinky]

You need to stop ignoring the massive amount of lies and fraud that was going on. Entire companies knew they were dealing with fraudulent/extremely risky transactions, yet no one wanted to be the one that stopped the buck. Not even ratings agencies, who's job it was to oversee the quality of these investments piped up when they knew that what they were rating as AAA was really garbage.

One example:

http://www.businessinsider.com/embarrassing-wall-street-emai...

That was about a 1.5 years before the $%$% really hit the fan. There are other e-mails floating around with investment brokers gloating about selling off "pieces of $%$@" to people. They knew what they were doing & profited handsomely from it, they have yet to really pay any price for it.

[MichaelApproved]

Where have i ignored that? It's not even part of this discussion.

I'm simply saying the original poster didn't know what he claims to have known. It's hindsight nonsense.

[Klinky]

You're claiming it wasn't "predictable", it was indeed predictable. Perhaps not on "main street", but the perpetrators(large chunk of wall street) knew what they were doing and didn't speak up about it because they were too busy profiting from it.