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To: Grampa Dave
The Auto Loan derivative, coming to a broker near you, is a thing of wonder, GD.

After Bubba totals out the $45,000 Hyundai SUV (I ain't kiddin') with 6.5 years left on the loan, and Achmed buys the salvage title from Progressive, patches the thing up on his frame-stretcher and paints it red, (after cleaning the blood off the Genuine Leather upholstery and making sure the USB port works,) wholesales it for $3500 on his shylock's floorplan to Wayne's Buy-Here-Pay-Here, who flogs it to Betty for $7995 on the never-never, our wonderful financial people will have potentially created three more derivatives.

Of course, the engine blows after this and Betty stops paying because with no car, she loses her job. But not to worry. A gay African POTUS will surface to guide us out of the quagmire. Allah The All-Wise will handle it. Perhaps with Chinese money?

24 posted on 07/03/2014 6:30:16 AM PDT by Kenny Bunk (The GOP is dying. What do we do now?)
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To: Kenny Bunk

Thanks for the BOL of the day.


30 posted on 07/03/2014 9:14:17 AM PDT by Grampa Dave ( Herr Obozo, the Sunni Won-Doer, will not divert $'s from his war on Americans to help our Veterans!)
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