they've wrecked the economy. discuss.

but do they not provide the services to the clients who want to use them, so it not these clients fault?

so they're merely supplying a demand? or are they pushing clients dodgy, deeply leveraged products. they're creating the demand. it's the giddy limit.

Rating agencies’ fault for not being any good at quantifying risk.Banks’ fault for not caring and just greedily buying/selling the products anyway.

http://www.bbc.co.uk/blogs/thereporters/evandavis/2007/11/prompts_v_causes.html[quote] Evan DavisBeing interested in why the world has apparently been taken by surprise at a turn of events that were to some extent inevitable, I asked the chief economist of the International Monetary Fund today, Simon Johnson, what he thought. Of course he rightly made the point that no-one predicted the intensity of the credit crunch. But he also made the point that there are lots of pieces of the crisis that you could have predicted individually, like the falling dollar, or falling house prices, or high oil prices, but not the confluence of different things that are going on simultaneously[/quote]

Surely it's their job to calculate all the pissible risks? This is still greed's fault.