That's bad? You didn't answer why the investors are "bottom feeders", and you didn't point the blame squarely where it belongs: the Fed. The Fed was the reason investors could borrow short and lend long, the Fed caused the low teaser rates with their absurdly low short term rates. The market simply responded, but that doesn't make them "bottom feeders".
You can explain your position to Toddsterpatriot and groanup. Standby for a blast of denial that the Fed has anything to do with the money suppy. It is their thesis, not mine, and I will let them defend it.