Monday, December 15, 2008

Wise Words Come From The Simplest Minds

Why couldn't the news media explain it this well!!

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".