[CitizensTruth] FW: Forest Gump Explains the Mortgage Mess

[Robin Migalla]

-----Original Message-----
Sent:	Tuesday, December 02, 2008 14:20
Subject:	Forest Gump Explains the Mortgage Mess

This is  the best explanation I've heard.  Not sure  what it says about me to 
have to have a Forest  Gump explanation to understand this  mess. 
 
Mortgage  Backed Securities are like boxes of chocolates.  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'.


Quote of  the day from a fund manager:

'This is  worse than a divorce... I've lost half of my net  worth and I still 
have my  wife..'