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Subprime Credit Rot

Posted By Barry Ritholtz On August 16, 2007 @ 3:30 pm In Credit,Derivatives,Hedge Funds,Psychology | Comments Disabled

Rather than respond to the various cheerleaders and pollyannas (Ben Stein, Brian Wesbury, David Malpass, et. al.) who have been telling us how great things are even as recently as this week, I prefer to respond via some humor, culled from around the web.

First up: Long or Short Capital [1]:

The Jitters [2]
by Johnny Debacle

Guy #1: Subprime?
Guy #2:
Subprime?
Guy #1: Subprime.
Guy #2:
Jitters.
Guy #1: Exposure?
Guy
#2:
Subprime Jitters.
Guy #1:
INFLATION.
Guy #2: No, CONTAGION.
Guy
#1:
But the expected loss on all residential subprime loans is de
minimis
to the greater economy.
Guy #2: Liquidity. And
contagion.
Guy #1: Oh. Fuck.
Guy #2:
Commercial paper.
Guy #1: The end.

And I love  their tag line: "Let us think for you, since we’re better at it."

Were_better [3]

And, the always amusing Ben Sargent [4]:

Lbs070815 [5]

via Yahoo! [6]


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2007/08/subprime-credit-rot/

URLs in this post:

[1] Long or Short Capital: http://bigpicture.typepad.com/comments/2007/08/credit-rot.html

[2] The Jitters: http://longorshortcapital.com/the-jitters.htm

[3] Image: http://longorshortcapital.com/

[4] Ben Sargent: http://news.yahoo.com/comics/uclickcomics/20070815/cx_bs_uc/bs20070815

[5] Image: http://bigpicture.typepad.com/photos/uncategorized/2007/08/16/lbs070815.jpg

[6] Yahoo!: http://news.yahoo.com/comics/uclickcomics/20070815/cx_bs_uc/bs20070815;_ylt=Am.LK.vs6H2sxHtm1XjOJSExvTYC

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