You are currently browsing the monthly archive for October 2008.
- Soccer first game of the tourney, Maria’s team is moking them 6-1 #
- @tboland I’m confused… Color TV’s are a food crop? #
- Bacon and Eggs is the perfect breakfast, especially when the eggs are cooked in the bacon grease. Yum. #
- http://tinyurl.com/5qtv8a #
- Chiro fixed my neck, I hope I didn’t just undo that working on the sink. Going to check out for a while and play CoD4 #
- Yea! Getting to install Windows Server 2008 for the 2nd time… Dell Server Helper software was not 2008 Savvy… Go figure. #
- Ugh, I hate heartburn. #
- Make that installing Windows Server 2008 for a 3rd glorious time because I picked the wrong frigging partition the 2nd time… #
_self
ArmsList Local Classifieds for Guns
Forrest Gump Explains Mortgage Backed Securities
October 24, 2008 in Commentary, Miscellaneous by MAD | No comments
(Passed to me via email, but worth posting)
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”.
—
Which just goes to show you this whole thing stinks