[Homestead] A better and humorous explanation of the mortage economic collapse
bobf
bobford79 at yahoo.com
Fri Jan 2 15:42:23 EST 2009
I found this on another site. It is short,, to the point, and funny. It also contains some gross language that some might find offensive. If you are bothered by gross language, you would probably want to delete now, rather than read.
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"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 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.
- Mama always said: "Sniff the chocolates first Forrest". "
http://www.jsmineset.com/
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