The Mudcat Café TM
Thread #115883   Message #2620134
Posted By: Donuel
27-Apr-09 - 10:07 PM
Thread Name: BS: Popular Views: the Obama Administration
Subject: RE: BS: Popular Views: the Obama Administration
IF you were able to look behind the scenes of Neil Kashcari and Henry Paulson busily at work on Wall Street you would have seen when all equity was about to dry up, both of them busily at work making BRAND NEW EQUITY. They were the new fangled bundled mortgage security bonds that were given AAA ratings by their friends.

this is how they made them...

1st you take a human turd and then Kashcari would spray paint it bright gold.
2nd Henry would wrap it in Saran Wrap to hide the smell and VIOLA - Brand New Equity
3rd Get CNBC and all the investment banks to sell them worldwide.

Before you know it you're rolling in dough while your buyers are sinking in shit.