October 22, 2008 / White Oaks Wealth Advisors

Funny!

I’m feeling a little philosophical and silly at the same time today. I hope you enjoy the following!

If by Kipling

And this funny clip!

This makes it pretty simple

Forrest Gump Explains Mortgage Backed Securities

Mortgage Backed Securities are like boxes of chocolates. Senator Dodd, Congressman Barney Franks, and 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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