"For those of my readers who haven't been keeping score, banks and financial firms around the world spent most of the last decade handing out mortgages to anybody with a pulse, packaging up the right to profit from those mortgages into what may just be the most misnamed "securities" in the history of financial markets, and selling them to investors around the world."
http://thearchdruidreport.blogspot.com/2007/11/lifeboat-time.html
