"Mortgage-backed securities (MBS) were like packaging a hot dog ("all the way", no less) and selling it as filet mignon." Ginger Salt, First Community Bank, N.A.
(...and quite a lot was at steak!)
(... and many CU folks were unwitting "steakholders" in the Corporates!)
(... "steak tartare", I guess, 'cause it sure was a raw deal!)
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