The geniuses on Wall Street realized that by 'repackaging' risk (translation: hiding), they could take risky debt (telecom debt, home equity, credit card, and automobile receivables) and sell it to the unwitting public. The motive? Capture the risk premium and siphon it off, while transferring the risk somewhere else. Brilliant - utterly brilliant.
MDA is still in the quiet period so no comments about that, okay?