View Single Post
asphaltgambler asphaltgambler is offline
Still Doin Time
 
asphaltgambler's Avatar
 
Join Date: Nov 2004
Location: Nokesville, Va.
Posts: 8,225
Question about John Paulson / M-securities

Can someone here explain in layman's terms how one Guy could "invent " mortgage backed securities and then get the entire world onboard? ? I understand greed and short term profits but how do you sell that bag of ***** to the people that are supposed to be regulating these guys??
__________________
'15 Dodge - 'Dango R/T Hauls groceries and Kinda Hauls *ss
'07 Jeep SRT-8 - Hauls groceries and Hauls *ss Sold
'85 Guards Red Targa - Almost finished after 17 years
'95 Road King w/117ci - No time to ride, see above
'77 Sportster Pro-Street Drag Bike w/93ci - Sold
Old 04-28-2010, 06:33 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #1 (permalink)