Oct

14

XII Views on Sub-prime

I
The Fed before:
Speaking of legacy, what a retirement party!
Here have another drink.

II
The Huckster:
Hey buddy, have I got a deal for you.
Who wouldn't want to live in this house?
No money down, a year interest free same as cash.

III
Hedonistic:
Party's over, dude. Stick it with a fork,
Where's the door.

IV
Investment Banks Before:
It wasn't me.
It was him. And it was him.

V
Fraudulent underwriter with mortgagee:
PLEASE, SIR, IT'S NOT LIKE IT LOOKS!!
She told me she was single!

VI
SIVs [Structured Investment Vehicles ]:
Where did that come from!?
I was just cruising slowly through the School Zone
Then BAAM.

VII
Investment Banks After:
Now how do we add another layer on this cake
And cut a bigger piece for me?

VIII
The New Fed:
Watch the interest rates swing back and forth.
You are getting sleepy, sleepy...

IX
The Vultures:
I Love Circling Around  and Around Looking, Looking
Not for corpses, but for the best place at the best table?

X
Politicians to Public:
Come in from woods. My dear child, I will comfort you.
My what big teeth you have Grandma.

XI
The Media:
Classic example of capitalistic greed
And why US is going to fail.

XII
The Doomsdayist:
I told you it was coming. Didn't I tell you?
Want in? I am still waiting to make the real score,
Need right entry point, then next day, to the MOON!

13
The Public:
Why? Oh, why does it always happen to me?
Left holding the bag again!


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3 Comments so far

  1. ECS on October 15, 2007 12:28 am

    Subprime mortgage meltdown CDO MBS
    options ARMS did it
    Brokers pure and good abound

  2. kucsanta on October 15, 2007 1:46 pm

    Great thought process. Makes you feel like you felt a “real world” timeline and the underlying thoughts of each party. Now just transfer this same process into the “market reactions” to each.

  3. AlfaMike on October 16, 2007 2:33 pm

    CNBC:

    Buy Buy Buy!
    Sell Sell Sell!
    We told you so.

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