Wednesday, February 29, 2012

HOT DOG !!!!......

"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!)

Mortgage-Backed Steaks!

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