[OldEarlGray]

Oh.

You don't know what Fraud is?

 

fraud/frôd/

Noun:

Wrongful or criminal deception intended to result in financial or personal gain. A person or thing intended to deceive others, typically by unjustifiably claiming or being credited with accomplishments or qualities.

 

You don't know what LIBOR is?

 

http://www.zerohedge.com/news/europes-largest-insurer-allianz-not-amused-central-banks-are-involved-liborgate

 

You don't what CDOs are?

http://www.google.com/#hl=en&sclient=psy-ab&q=CDO+fraud

You don't know what a NyLon is?

http://en.wikipedia.org/wiki/NYLON

You don't know what a Quisling is?

 

quis·ling/ˈkwizliNG/

Noun:

A traitor who collaborates with an enemy force occupying their country.

Or how all of the above manufactured what's colloquially known as "A$$Paper" in a systemically corrupted global financial infrastructure?

http://www.google.com/#hl=en&sclient=psy-ab&q="ass+Paper"+subprime+site:www.zerohedge.com

 

Well there.  Fixed that for ya.

[agere_contra]

Oh heavens.

Right now you’re just mashing the keyboard: assembling a set of words on a scrabble-board and hoping we’ll mistake it for a coherent argument.

Seriously: it’s a beautiful day. Go and have a walk. I’m going to.

[ctdonath2]

Given your persistent insulting tone, I'm not inclined to follow links.

A polite summary would do much better. An enthusiastic "hey, let me tell you about..." is fun. But no, you have to be snide.

[Excellence]

Rehypothecation needs to be added to the list. If more people knew about how often this is used, and how worthless CDOs are because of it, there would be a lot more people jumping out of buildings. I got really sick when I learned of it not so very long ago, and probably from another FReeper. I learn an awful lot here that I wish I still didn’t know.