You see, a terrible credit disease has infected the market. It's like... business syphilis. It started with a few slutty lenders who jumped into bed with some really sub-prime mortgages. The next thing you knew, you had a credit orgy. People were swappin' derivatives, AIG was all up in Fannie Mae, Wachovia took on Golden West, then turned around and got it on with A.G. Edwards, then Citi Group took 'em all on at once. It was a steaming pile of hot, slapping assets. No one knew who was bundling who, but it felt good and everybody was doing it. And in the end, let's just say the market blew its liquidity.