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Forrest Gump Explains Mortgage-Backed Securities...

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helderheid Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-25-08 12:11 PM
Original message
Forrest Gump Explains Mortgage-Backed Securities...
Just got this email...

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 then rated these
boxes AAA Investment Grade chocolates. These boxes were sold all over
the world to investors. Eventually somebody bit into a turd and
discovered 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.

My ma always said "Sniff the chocolates first, Forrest."
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iamjoy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-25-08 12:13 PM
Response to Original message
1. Too True to be Funny (eom)
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Winterblues Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-25-08 12:24 PM
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2. They used to call those "smart pills'
You eat one and say "that tastes like shit" and then they say see you are getting smarter already..
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pansypoo53219 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-25-08 01:10 PM
Response to Original message
3. butbutbut
it's not melamine!!!!
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ck4829 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-25-08 01:12 PM
Response to Original message
4. Too bad we can't have Forrest Gump be our Treasury Secretary
Seems to have a better hold on it than Paulson does.
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