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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 :
The Jitters 
by Johnny Debacle
Guy #1: Subprime?
Guy #1: Subprime.
Guy #1: Exposure?
#2: Subprime Jitters.
Guy #2: No, CONTAGION.
#1: But the expected loss on all residential subprime loans is de
minimis to the greater economy.
Guy #2: Liquidity. And
Guy #1: Oh. Fuck.
Guy #1: The end.
And, the always amusing Ben Sargent :
via Yahoo! 
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:
 Long or Short Capital: http://bigpicture.typepad.com/comments/2007/08/credit-rot.html
 The Jitters: http://longorshortcapital.com/the-jitters.htm
 Image: http://longorshortcapital.com/
 Ben Sargent: http://news.yahoo.com/comics/uclickcomics/20070815/cx_bs_uc/bs20070815
 Image: http://bigpicture.typepad.com/photos/uncategorized/2007/08/16/lbs070815.jpg
 Yahoo!: http://news.yahoo.com/comics/uclickcomics/20070815/cx_bs_uc/bs20070815;_ylt=Am.LK.vs6H2sxHtm1XjOJSExvTYC
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