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Forrest Gump Explains Mortgage Backed Securities

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".




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meekandmild's picture

You need Paulson e-mail

to send this to him and to the congress. Do you think congress could understand it? If congress' IQ was 4 points higher, they would be as smart as a rock.

Too funny...

That's about as simple as it gets...

Did you write that?

Excellent!

I can just see Tom Hanks

I can just see Tom Hanks saying this! lol

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

Sniff Forrest... Sniff...

LMAO!

ROFLMAO _____________________

ROFLMAO

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The Federal Reserve, Stealing the American Dream since 1913

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great post