Explaining the Mortgage Crisis

by Joe Martin

How dodgy debt is transformed into High Grade Enhanced Securities, sold for million by creative bankers, then recognized as just some dodgy debt.

This entry was written by Joe Martin, posted on January 22, 2008 at 9:34 pm, filed under Humor, Politics and tagged , , . Bookmark the permalink. Follow any comments here with the RSS feed for this post. Trackbacks are closed, but you can post a comment.

One Comment

  • Journey
    Posted January 30, 2008 at 6:23 pm | Permalink

    Very funny and frightingly close to the truth.

    Reply

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