"He said to me, 'what's wrong with you, its quadruple A rated, just buy it, what
are you a pussy?' He also said it was going into 'an index', although he didn't
say which one, but I felt that I had to buy it. And that was good enough for me,
bro'."
Friday, September 14, 2007
A Detailed Explanation of How Sh*t Happens
Barry Ritholtz over at The Big Picture posts an Onion-style humor article about crazy Wall Street debt instruments, and how they get sold. Check it out if you're interested in financial stuff - very funny. A teaser:
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