briancol 3 Report post Posted October 16, 2008 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. US Treasury Secretary Henry 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, Henry'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". Quote Share this post Link to post Share on other sites
hybrid 1043 Report post Posted October 17, 2008 hahahaha nice one for friday Quote Share this post Link to post Share on other sites
$toffz 0 Report post Posted October 17, 2008 can we call these chocolates Fanny May and Freddy Mac? Quote Share this post Link to post Share on other sites
