Forrest Gump view of the Mortgage crisis - German Shepherd Dog Forums
 
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post #1 of 6 (permalink) Old 10-30-2008, 09:27 AM Thread Starter
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Forrest Gump view of the Mortgage crisis

This is the best explanation I've heard. Not sure what it says about me to have to have a Forest Gump explanation to understand this mess…

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. Meanwhile, Hank'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'.

"And that's all I have to say about that!"

Quote of the day from a fund manager:

"This is worse than a divorce... I've lost half of my net worth and I still have my wife.."

The bailout, a different perspective.

Back in 1990, the Government seized the Mustang Ranch brothel in Nevada for tax evasion and, as required by law, tried to run it. They failed and it closed. Now we are trusting the economy of our country to a pack of nit-wits who couldn't make money running a wh*re house and selling booze?






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post #2 of 6 (permalink) Old 10-30-2008, 09:49 AM
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Re: Forrest Gump view of the Mortgage crisis

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post #3 of 6 (permalink) Old 10-30-2008, 10:13 AM
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Re: Forrest Gump view of the Mortgage crisis

Thats Good! <grin>

TAMMY
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post #4 of 6 (permalink) Old 10-30-2008, 10:38 AM
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Re: Forrest Gump view of the Mortgage crisis

Love it!
(Did the government really try to run a brothel??!)
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post #5 of 6 (permalink) Old 10-30-2008, 11:04 AM
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Re: Forrest Gump view of the Mortgage crisis

Quote:
Originally Posted By: gagsd_pup1Love it!
(Did the government really try to run a brothel??!)
in the 1860's the US Army and Navy under martial law did run brothels and VD wards in areas of the South in order to protect the troops and citizens


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post #6 of 6 (permalink) Old 10-30-2008, 11:10 AM
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Re: Forrest Gump view of the Mortgage crisis

LOL LOL
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