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Forrest Gump on the Bail Out
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 [...]
REQUEST FOR URGENT BUSINESS RELATIONSHIP
This was sent to me by a friend. With the current economic situation, the parallelism is inescapable. Usually I try to keep this site neutral, but this is just too good.