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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2 thoughts on “Humor Backed Obligations

  1. I have to cut this down a bit – – snip:

    I took the pledge – Have you?

    Polls showed that the American people were 74% against any bail out for the Wall Street fat cats. We wanted a fix from the bottom up and not from the top down. Fix ‘Main Street’ not Wall Street we told them. Our children are on the hook for at least $850 billion and no one can tell us if it will work or will be the last. Our elected representatives think we are stupid and that ‘they know better’ than we do.

    I have taken the Pledge:
    I, (LILLIAN JOHNSON), will NOT vote for any incumbent in the upcoming election regardless of party or who the opposition may be. I intend to do my part in ‘throwing the bums out’ in Washington that continue spending my money on those that have wrecked our economy rather than the people who sent them there. This is my solemn pledge.

    Mail this to your Representative, friends, the media, both local and national. Urge everyone take the Pledge. We will take back our own government by acting. The only power we have is the vote. So… For once let’s use it!!!!!

    (Ed: I hope the commenter will pardon my edits, but it was very long in the original. I feel the cuts retain the original feeling of disenfranchisement and indignation.)

  2. I also want a reality show with all my Fellow Americans that signed ARMs and balloon mortgages that they never could have paid. I want all of my local mortgage brokers in a closed cage with them, and I want a fire hose. And Pit Bulls.

    I want Luxury Sky boxes where we could lure the Top Management of some of the investment banks. They could watch the unwashed masses kill each other – mortgage broker vs. stupid home buyer.

    At the last minute of the pseudo competition, we could pepper spray the CEO’s of all of the investment banks that offered CDOs. CDS’s, and SIVs. I will supply the refreshments.

    I don’t specifically have to sign a pledge, that pledge, etc. But you CAN BET YOUR ASS that someone is going to pay in the next round of congressional elections, and that there will be alternatives, eventually.

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