[TruthShallSetYouFree]

Soon, similar synthetic securities will be offered to the treasurers of small towns in Norway.

Two Citi-bankers, discussing these securities:

"Who is going to buy this crap?"

"Isn't it good? A Norwegian would."

[FreedomPoster]

Oh, just damn! LOL

[PGalt]

LOL!

http://www.youtube.com/watch?v=lY5i4-rWh44

Thanks for posting, blam. Very interesting. Synthetic securities...credit derivatives...

“The supremacy of finance capital over all other forms of capital means the predominance of the rentier and of the financial oligarchy; it means that a small number of financially “powerful” states stand out among all the rest. The extent to which this process is going on may be judged from the statistics on emissions, i.e., the issue of all kinds of securities.”

III. FINANCE CAPITAL AND THE FINANCIAL OLIGARCHY

V.I.Lenin

[blam]

""Isn't it good? A Norwegian would." "

Norweign Wood

[The Working Man]

Soon, similar synthetic securities will be offered to the treasurers of small towns in Norway.

Two Citi-bankers, discussing these securities:

“Who is going to buy this crap?”

“Isn’t it good? A Norwegian would.”

---

Pardon my faulty memory, but isn’t this the sort of thing that destroyed Iceland’s banks?