helderheid
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Tue Nov-25-08 12:11 PM
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Forrest Gump Explains Mortgage-Backed Securities... |
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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
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Tue Nov-25-08 12:13 PM
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1. Too True to be Funny (eom) |
Winterblues
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Tue Nov-25-08 12:24 PM
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2. They used to call those "smart pills' |
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You eat one and say "that tastes like shit" and then they say see you are getting smarter already..
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pansypoo53219
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Tue Nov-25-08 01:10 PM
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ck4829
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Tue Nov-25-08 01:12 PM
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4. Too bad we can't have Forrest Gump be our Treasury Secretary |
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Seems to have a better hold on it than Paulson does.
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DU
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Fri Apr 19th 2024, 03:58 AM
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