|
Post by graybeard on Nov 17, 2008 9:59:34 GMT -6
from the internets:
-------
It seems that no one can explain in words we understand just exactly how this mortgage mess happened and why we are in a credit crisis. Finally, there is someone who can explain it, in more understandable terms: 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 the chocolates anymore. 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. And finally, 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." * * * * * * * * * * * * * * * * * * * * * * * * * * *
|
|
|
Post by judes on Nov 17, 2008 16:26:34 GMT -6
Funny but good analogy.
|
|
|
Post by redwolf on Nov 18, 2008 2:38:44 GMT -6
I'm not sure if it's ;D , , or . I'm leaning towards .
|
|