Tom the Dancing Bug by Ruben Bolling for February 07, 2009

Transcript:

Tom the Dancing Bug by Ruben Bolling Lucky Ducky The Poor Little Duck Who's Rich In Luck in "Adventures In Finance" Hound: Of COURSE you can afford this motrgage! The first month's payment is $1.98! Lucky Ducky: Okay, I'll sign. Lucky Ducky: What happens after the first month? Hound: GOTTA GO! Hound: Put this mortgage in an asset-backed security! Aid: It's now rated AAA! Aid #2: Here's your fee! Hound: Now use THAT security in a C.D.O.! Hound #2: Here's your fee! Hound: Now rite a C.D.S. on the C.D.O.! Hound #3: I'm betting it will default! Hound #2: I'll TAKE that bet! Hound: I'LL take it and put it in ANOTHER instrument! Hound #3: It's rated AAA! Hound #4: Here's your fee! Lucky Ducky: Um... Hound: You wanna buy a C.S.O.D.? It's AAA! Hound #2: Here's your fee! Lucky Ducky: Excuse me. I can't make my mortgage payment. AUUGGH Lucky Ducky: I can still get my spot under the bridge for the night. Need a place to stay? Hound: LUCKY DUCKY!