Humor Backed Obligations

2007, Q4, UK's 60 million TV sets (not homes, ...

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The Mortgage Crisis – There is nothing funny about it.

You just cant sell this kind of sophisticated humor in the domestic market. Maybe we could package up an offering of British TV, and sell it as a HBDO (Humor Backed Debt Obligation), and get a credit on each HA HA!

If the humor failed to tickle the American funny bone (Due to most of us Yanks being, you know, stupid and unsophisticated), we could underwrite a HDS (Humor Default Swap), whereby we ship all of the stupid Americans who took bad paper, wrote bad paper, regulated, and defaulted…..send them all to the Kamchatka peninsula (That’s Russia).

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