Forrest Gump Explains Mortgage Backed Securities

[Joseph Burkeson, CMI]

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. 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'

[Joseph Burkeson, CMI]

[Randy D. Stufflebeem]

Originally Posted by jburkeson1

and democrats!

[Joseph Burkeson, CMI]

Originally Posted by rstufflebeem

and democrats!

Of course you really meant to say... Winning Democrats!

[Randy D. Stufflebeem]

Originally Posted by jburkeson1

Of course you really meant to say... Winning Democrats!

I am like you Joey, we will lose no matter what the outcome!

[Randy D. Stufflebeem]

Originally Posted by rstufflebeem

I am like you Joey, we will lose no matter what the outcome!

Forrest Gump Explains... 10/27/08 5:15 PMPlease, learn to use commas.

Got a reddie from Gump! Actually, I not only I failed to use commas, I forgot two words as well! Thanks Mr. Gump! Next time sign your name. I would have treated you to a Greenie for pointing it out!

[Joseph Burkeson, CMI]

Originally Posted by rstufflebeem

Forrest Gump Explains... 10/27/08 5:15 PMPlease, learn to use commas.

Got a reddie from Gump! Actually, I not only I failed to use commas, I forgot two words as well! Thanks Mr. Gump! Next time sign your name. I would have treated you to a Greenie for pointing it out!

The Gump is one tough cookie, join the club of those who share opinions, my Rep is an assortment of red & green, sorta reminds me of Christmas.