SEC planning re-education camps for short-sellers
Posted By Mike On Sep 3, 2008 @ 10:30 pm In TEOTWAWKI, humor | 1 Comment
Also, LEH is has agreed to sell all of its level III assets to the Tooth Fairy, but is providing 90% non-recourse financing:
If Tinkerbell defaults, Lehman’s successor entity will stick its hand down the crocodile’s throat and attempt to get it to regurgitate. The firm’s historical value-at-risk analysis shows that sticking your hand down a crocodile’s throat is completely safe.
Treasury Secretary Hank Paulson issued a statement: “I am delighted that SWFs (Sovereign Wealth Fairies) continue to express confidence in the terrific values represented by American financial institutions. As I have been saying since August of 2007, this shows that the crisis is now over.”
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URL to article: http://sovereignspeculator.com/2008/09/03/sec-planning-re-education-camps-for-short-sellers/
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