[dirtboy]

Some banks who shouldn’t have lent money to liars may get hosed?

And it pert near brings down the entire global financial order in the process.

[TheThirdRuffian]

Sounds like they need to go broke.

[PapaBear3625]

And it pert near brings down the entire global financial order in the process.

Which might have been the whole point behind the "share the risk" part of CDO's. You share the risk so that nobody loses money unless the whole system crashes, then count on the governments to bail the system out

Essentially a financial hostage situation