When will people get the freakin' point?

From the New York Times, we have Vikas Bajaj talking about Defaults Rise in Next Level of Mortgages.

Some of the problems afflicting mortgages sold to borrowers with weak, or subprime, credit increasingly appear to be cropping up in loans made to homeowners who were thought to be less risky.

Until recently, Alt-A loans were considered by many investors to be only slightly more risky than prime mortgages, and losses in bonds backed by the mortgages were small and rare, said Zach Gast, an analyst at the Center for Financial Research and Analysis.

When will people learn that credit scores don't matter? What matters is how much debt you borrowed compared to your income! How hard can it be to figure out this basic point?

“The credit markets were showering the mortgage market with capital, and now that’s just evaporating,” said Mark Zandi, chief economist at Moody’s Economy.com. “The capital markets are going to exacerbate the problem, seemingly"

The capital markets are going to exarcebate the problem? That's the job of the capital markets, you fuckin' idiot! And he's the "chief economist" of Economy.com?

What dope are all these people smoking?