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Posted

Stay on point JayB. This is a serious thread about an admirable accomplishment and a Banner Day for the City of Destiny. Please take your NegAm, I/O, subprime schadenfreude elsewhere.

Posted
Stay on point JayB. This is a serious thread about an admirable accomplishment and a Banner Day for the City of Destiny. Please take your NegAm, I/O, subprime schadenfreude elsewhere.

 

potd

Posted

I think that a fair amount of the petro-dollars generated in the past few years, which have been far too numerous to invest productively in the Middle East, have been plowed into securities created by slicing and dicing all of the various exotic mortgages that have gone mainstream over the past few years, so if anything this resembles something more like a plot foisted on Islamists by drunks. Let us borrow that oil windfall for a moment so that we can entrust it to a sub-600 FICO borrower who wants to plow it into a home selling for 10X his yearly-gross....

 

How do you say "Reset Schedule" in Arabic?

 

Might get a bit tougher to compete for the petro-dollars now that they've started issuing "Sharia Compliant" bonds in London, though.

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