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!



No comments: