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To: Chgogal

>>WTF, A$$wiper!

WTF indeed. What does it mean when billions of dollars in AAA Asset (mortgage) Backed Securities become downgraded to junk status overnight?

“A$$Paper” is the WallStreet vernacular for those ASSet Backed Securities, presently poisoning the global economic pond.

http://www.google.com/#hl=en&output=search&sclient=psy-ab&q=asspaper+asset+backed+securities

How can it be that a (Federally Funded?) Global Tourist suuper genius such as yourself is so blatantly ignorant of such pertinent FACTS?


20 posted on 02/29/2012 5:46:12 AM PST by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: LomanBill
“A$$Paper” is the WallStreet vernacular for those ASSet Backed Securities, presently poisoning the global economic pond.”

OK, now we are on the same page. Sorry about misunderstanding you.
My bad.

Thank you for calling my a super genius. /s ; )

21 posted on 02/29/2012 10:01:41 AM PST by Chgogal (WSJ, Kristol, Krauthammer, Rove et al., STFU. Thank you.)
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