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  1. #1
    Join Date
    Nov 2001
    Location
    Seattle, WA
    Posts
    7,748

    Good Splaining of the Bailouts!

    This is the best explanation I've heard.

    Mortgage Backed Securities are like boxes of chocolates.

    Criminals on Wall Street stole a few chocolates from the boxes and replaced
    them with turd's.

    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 turd's returns to normal.

    Meanwhile, Hank's buddies, the Wall Street criminals who stole all the good
    chocolates are not being investigated, arrested, or indicted. S&P ?

    Mama always said: "Sniff the chocolates first, Forrest."

    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 whore house and
    selling booze?
    "The American Republic will endure until the day Congress discovers it can bribe the public with the public's own money.
    - Alexis de Toqueville, 1835

  2. #2
    Join Date
    Nov 2008
    Posts
    1,673
    Quote Originally Posted by DeltaT View Post
    "This is worse than a divorce... I've lost half of my net worth and I still have my wife..."
    http://www.google.com/search?hl=en&q...st&btnG=Search

  3. #3
    Join Date
    Sep 2005
    Location
    Atlanta GA area
    Posts
    20,909
    From the Wikipedia section on Google:

    "In the late 20th century, feminist theorists proposed misogyny as both a cause and result of patriarchal social structures."

    See what happens when you let folks try to figure out something w/out a man around...
    GA-HVAC-Tech

    Quality work at a fair price with excellent customer service!

    Romans Ch's 5-6-7-8

    2 Chronicles 7:14

  4. #4
    Join Date
    Apr 2005
    Location
    N. E. Missouri
    Posts
    9,750
    Quote Originally Posted by DeltaT View Post
    Now we are trusting the economy of our country to
    a pack of nit-wits who couldn't make money running a whore house and
    selling booze?
    I'll just bet WJC wasn't involved in that venture!
    Do not argue with an idiot. He will drag you down to his level and beat you with experience.

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