Forrest Gump Explains Mortgage Securities

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rlee's picture
rlee
Status: Silver Member (Offline)
Joined: Sep 18 2008
Posts: 148
Forrest Gump Explains Mortgage Securities
Forrest Gump on Mortgage 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 ."
 
castlewp's picture
castlewp
Status: Gold Member (Offline)
Joined: Oct 7 2008
Posts: 304
Re: Forrest Gump Explains Mortgage Securities

"From then on when I was going somewhere, I WAS RUNNING!!"

krogoth's picture
krogoth
Status: Platinum Member (Offline)
Joined: Aug 18 2008
Posts: 576
As my wise uncle used to say

As my wise uncle used to say

 

Don't try and put a shine on a turd. It will always be a turd.

 

 

krogoth's picture
krogoth
Status: Platinum Member (Offline)
Joined: Aug 18 2008
Posts: 576
Re: Forrest Gump Explains Mortgage Securities

Bobby,

 

 

I think you should do a weekly Forrest Gump award or education session. Problem is, Forrest was a wise man.

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