"The mortgage-backed bonds in our pension,
A source of regret and contention,
May yet be unwound
If they're legally found
To have flouted the 'true sale' convention."
Hopes are awakening in the hearts of institutional investors that sloppy and even fraudulent practices in the origination and sale of mortgages to bond trusts may give investors legal grounds to put them back to the originating banks and thereby recoup some losses.
Wednesday, October 27, 2010
Subscribe to:
Post Comments (Atom)
Popular Posts
-
"Though college, I felt, was a sure thing, As of now, unless gold I'm unearthing, To pay off my loan, I'll have to postpon...
-
Said a Harvard professor of econ, "That Google's got something unique on: They have cash by the score, Yet still borrow more; T...
-
"After proofing each check and gratuity, We've determined beyond ambiguity: Your expenses look funny, If none of this money ...
-
I'm buying a Powerball ticket (Or several, or even a thicket), In hopes I may win A billion bucks in The unlikely case that they pic...
-
"In reviewing your earnings per annum, We're less than impressed, and we pan 'em. The bank may have gains, But this letter ...
-
The US has always depended On a rate of consumption that's splendid, By consumers for whom The means to consume May soon have them over...
-
Economists show the proclivity Toward lamenting the lost productivity When Americans cling, From the first day of Spring, To basketball ...
-
Said the Lehman bankruptcy inspector Of the repo transactions that wrecked 'er: "The Feds, who were looking At books that were ...
-
The price of petroleum's slacking With all of that pumping and fracking Maintaining supply At a level so high, While demand, at...
-
Though intended to thwart something scandalous - That those who have millions on hand do less - The AMT's hardest On households more ...

A limerick's hard to complete/In the space of a typical tweet/Haiku, it is true/Are simpler to do/But not a remarkable feat. #NYCpoetweet
— Dr. Goose (@DrGooseEcon) April 6, 2012

No comments:
Post a Comment