Forrest Gump Explains Mortgage Backed Securities
Forrest Gump Explains Mortgage Backed Securities
Mortgage Backed Securities are like boxes of chocolates. Criminals on
Wall Street stole a few chocolates from the boxes and replaced them
with turds. Their criminal buddies at Standard & Poor rated these
boxes AAA Investment Grade chocolates. These boxes were then sold all
over the world to investors. Eventually somebody bites into a turd
and discovers the crime. Suddenly nobody trusts American chocolates
anymore worldwide
..
Hank Paulson now wants the American taxpayers to buy up and hold all
these boxes of turd-infested chocolates for $700 billion dollars
until the market for turds returns to normal. Meanwhile, Hank's
buddies, the Wall Street criminals who stole all the good chocolates,
are not being investigated, arrested, or indicted.
Mama always said: 'Sniff the chocolates first, Forrest'.
.
Relevant Pages
- Momma always said...
... Mortgage Backed Securities are like boxes of chocolates. ... Meanwhile, Hank's buddies, the Wall Street criminals who stole all the ...
(rec.crafts.metalworking) - Re: Momma always said...
... Mortgage Backed Securities are like boxes of chocolates. ... Meanwhile, Hank's buddies, the Wall Street criminals who stole all the ...
(rec.crafts.metalworking) - Re: OT: Forrest Gump Explains Mortgage Backed Securitie sump
... 'investment', some time in the future. ... Wall Street stole a few chocolates from the boxes and replaced them ... the market for turds returns to normal. ...
(alt.support.mult-sclerosis) - Re: Momma always said...
... Forrest Gump Explains Mortgage Backed Securities ... Mortgage Backed Securities are like boxes of chocolates. ...
(rec.crafts.metalworking) - Re: Forrest explains mortgage backed securities
... Their criminal buddies at Standard & Poor rated these boxes AAA ... Grade chocolates. ... Reasonably good explanation, except you forgot the part where Uncle Sam told the chocolate box assemblers to include inferior chocolates (aka turds) or be hauled before Congress for discriminating against inferior chocolates, and when that wasn't enough they simply proclaimed that the US government would guarantee the edibility of all boxes, regardless of contents. ... It's also debatable whether criminals on Wall Street stole a few good chocolates or whether they were forced to include bad ones. ...
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