Say No to Sycophantism

So last week after the bank of america - merril lynch shotgun marriage, I
said that nobody really has an appetite for the [relatively worthless]
mortgage-backed securities now collectively known as big shitpile. Well, it
turns out somebody does have an appetite for it, and a large one at that.
Who? You. And Me. Yes. We're going to pay $700 billion and more to goldman,
and to morgan, and to merril, and to citi, and to wachovia, and all their
bastard children, in order to eat shit.

As usual, Atrios is very succint:

"The $700 Billion Underpants Gnomes

Step 1) Buy $700 billion of big shitpile at inflated prices

Step 2) ..

Step 3) Profit!!

-Atrios 21:47

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