Thread: George McDuffee
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cavelamb himself[_4_] cavelamb himself[_4_] is offline
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Default Momma always said...

The bail out plan explained by Forest Gump..........
Sort of explains it in basic terms that we can all understand



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."