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Forest Gump explains Gov, Bail Out?
Mortgage Backed Securities are like boxes of chocolates. Criminals on Wall Street steal chocolates from the boxes and replace them with turds. Their criminal buddies at Standard & Poor rate these boxes AAA Investment Grade chocolates. These boxes are 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 and hold all these turd-infested boxes for $700 billion dollars until the turd market 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'.
2 Answers
- 1 decade agoFavorite Answer
i never really understood what the bailout was...so i hope this is real. lol. cuz now it makes sense