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 [...]
Entries Tagged as 'economy'
Forrest Gump Explains Mortgage Backed Securities
October 14th, 2008 No Comments
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To Save Main Street Bush and Cheney Must Resign
September 29th, 2008 No Comments
George Bush and Dick Cheney must resign. They have said that the economy is in grave danger and that we could be headed for another 1930′s-like depression if the U.S. Congress does not pass a $700 billion bailout bill, but the bill failed because not enough people believe anything the Bush administration says anymore after [...]
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