More Housing Bubble Humor

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profette_IHB

profette_IHB

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dang, can't get this one to post...sigh.





Fixed it. G

 
<p>Go over to the Big Picture (I got there via Calculated Risk) and see Dr. Seuss on SIVs.</p>

<p>Hillarious.</p>

<p>I do not like your CDO.</p>

<p>I do not like it Broker Joe.</p>

<p> </p>

<p>Have you met our in-house quant;</p>

<p>He'll model anything you want! And so on.</p>
 
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<p>I was at Home Depot yesterday. They had to open a second return line because of one customer with a LOT of stuff. He appeared to be returning a house. Lots of lumber, rolls of carpet, a front door, bunches of nails and brackets.</p>

<p>Maybe it was just a batch of improvements his customer decided against, but it was the biggest batch of stuff I've ever seen someone taking back.</p>

<p>If you carefully disassembled your newly built house, how much of it do you think you could return?</p>
 
<p><a href="http://bigpicture.typepad.com/comments/2008/01/moodys-places-i.html">http://bigpicture.typepad.com/comments/2008/01/moodys-places-i.html</a></p>

<p><strong>MOODY'S PLACES ITSELF ON NEGATIVE WATCH</strong></p>

<p>Washington - Moody's the ratings agency, has placed itself on negative watch, citing it's horrendous track record at rating just about everything except t-bills.<em>


</em></p>

<p><em>"We suck. We couldn't spot an investment-grade bond in a box of Confederacy Debentures or Continental Bank CD's." </em>said one source at the agency... </p>
 
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