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  #1  
Old 10/27/08, 11:19 AM
Joseph T. Burkeson, CMI's Avatar
Joseph T. Burkeson, CMI Joseph T. Burkeson, CMI is offline
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Default 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. 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'


"I know of no more encouraging fact than the
unquestioned ability of a man to elevate his
life by conscious endeavor." ~ Henry David Thoreau


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  #2  
Old 10/27/08, 6:27 PM
Joseph T. Burkeson, CMI's Avatar
Joseph T. Burkeson, CMI Joseph T. Burkeson, CMI is offline
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Default Re: Forrest Gump Explains Mortgage Backed Securities


"I know of no more encouraging fact than the
unquestioned ability of a man to elevate his
life by conscious endeavor." ~ Henry David Thoreau


Certified Master Inspector (2007)
Member, International Assoc of Certified Home Inspectors (InterNACHI)
Member, International Code Council (ICC) - Certified Residential Combination Inspector
Member, American Society of Home Inspectors (ASHI)
Vice President - Suncoast ASHI

Square-One Inspection "Assurance begins here"

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  #3  
Old 10/27/08, 6:29 PM
Randy D. Stufflebeem's Avatar
Randy D. Stufflebeem Randy D. Stufflebeem is offline
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Default Re: Forrest Gump Explains Mortgage Backed Securities
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Originally Posted by jburkeson1 View Post
and democrats!
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  #4  
Old 10/27/08, 6:35 PM
Joseph T. Burkeson, CMI's Avatar
Joseph T. Burkeson, CMI Joseph T. Burkeson, CMI is offline
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Default Re: Forrest Gump Explains Mortgage Backed Securities
Quote:
Originally Posted by rstufflebeem View Post
and democrats!
Of course you really meant to say... Winning Democrats!


"I know of no more encouraging fact than the
unquestioned ability of a man to elevate his
life by conscious endeavor." ~ Henry David Thoreau


Certified Master Inspector (2007)
Member, International Assoc of Certified Home Inspectors (InterNACHI)
Member, International Code Council (ICC) - Certified Residential Combination Inspector
Member, American Society of Home Inspectors (ASHI)
Vice President - Suncoast ASHI

Square-One Inspection "Assurance begins here"

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  #5  
Old 10/27/08, 6:37 PM
Randy D. Stufflebeem's Avatar
Randy D. Stufflebeem Randy D. Stufflebeem is offline
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Default Re: Forrest Gump Explains Mortgage Backed Securities
Quote:
Originally Posted by jburkeson1 View Post
Of course you really meant to say... Winning Democrats!
I am like you Joey, we will lose no matter what the outcome!
Last edited by rstufflebeem; 10/28/08 at 7:22 PM..
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  #6  
Old 10/28/08, 7:22 PM
Randy D. Stufflebeem's Avatar
Randy D. Stufflebeem Randy D. Stufflebeem is offline
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Default Re: Forrest Gump Explains Mortgage Backed Securities
Quote:
Originally Posted by rstufflebeem View Post
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!
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  #7  
Old 10/28/08, 8:12 PM
Joseph T. Burkeson, CMI's Avatar
Joseph T. Burkeson, CMI Joseph T. Burkeson, CMI is offline
InterNACHI Member
  
Join Date: May 2003
Location: Riverview, FL
Posts: 8,596
Default Re: Forrest Gump Explains Mortgage Backed Securities
Quote:
Originally Posted by rstufflebeem View Post
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.


"I know of no more encouraging fact than the
unquestioned ability of a man to elevate his
life by conscious endeavor." ~ Henry David Thoreau


Certified Master Inspector (2007)
Member, International Assoc of Certified Home Inspectors (InterNACHI)
Member, International Code Council (ICC) - Certified Residential Combination Inspector
Member, American Society of Home Inspectors (ASHI)
Vice President - Suncoast ASHI

Square-One Inspection "Assurance begins here"

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