what goes around lands in your lap:
A little over a year ago Congress was asking Freddie Mac and Fannie Mae to help bail out subprime securities holders by buying up billions in shitpile, a request to which they obliged readily - as they had before anyone asked - buying up more and more of the market, so now that FRE and FNM are toast, we have the privilege of owning the crap ourselves. In the mortgage backed game of hot mashed potatoes, our dress is ruined.
But I just read the papers, what do I know about high finance.
your turing test:
Oil for Nothing:US Holds On Humanitarian SuppliesIraq: 1997-2001
the good book
and other cultural