F & C Farm
Political articles & essays
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".
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