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Wall Street Creating "Home Rental Payment"-Backed Securities
"The deal could be available to investors (idiots) as soon as August or September"
But remember: it was just a few years ago that the idiots took us down with them...
"Great idea boss... rental income can't ever go down...can it???"
"Lessee now, first we'll need some ratings guys to grade these things AAA... Jack, give them a call, will you? ... then somebody (preferably with government backing) to "insure" this stuff... hey, is that AIG outfit still around??"
Comments
"The deal could be available to
investors(idiots) as soon as August or September"But remember: it was just a few years ago that the idiots took us down with them...
"Great idea boss... rental income can't ever go down...can it???"
"Lessee now, first we'll need some ratings guys to grade these things AAA... Jack, give them a call, will you? ... then somebody (preferably with government backing) to "insure" this stuff... hey, is that AIG outfit still around??"