Archive for November, 2008

HUMOR FROM BUDDIES – “Securities” by Forest Gump

Tuesday, November 25th, 2008

Forest 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 [...]

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