So often, the political and economic activities of our day are difficult, at best, to understand. I received this email today, (author unknown), which very clearly, and in plain English, explains "Mortgage Backed Securities". I certainly found it helpful and I felt it important to share with you, so that you too, can become clear on this issue!
Forrest Gump Explains Mortgage Backed Securities
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/Congressional criminals who stole all the good chocolates are not being investigated, arrested, or indicted.
Mama always said: "Sniff the chocolates first Forrest" !
Prudential Professional REALTORS, ASP REALTOR, Woodland Park Real Estate, Woodland Park Colorado 80863 – Serving the City of Woodland Park, Teller County, Ute Pass, and Park County
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