WE ARE YOUR FEK (Do you know what Alternative Investments are? They’re things like credit default swaps! Credit default swaps are essentially the ability to buy insurance on someone else’s house in one hand as you hold anything else—the adjustable-rate mortgage you know they can’t pay off, or the capacity to sell that mortgage and therefore generate more mortgages like it, or a gasoline can—in the other hand. This is what Jacob Lew dealt with!)

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January 9, 2012 3:48 pm

Do you know what Alternative Investments are? They’re things like credit default swaps! Credit default swaps are essentially the ability to buy insurance on someone else’s house in one hand as you hold anything else—the adjustable-rate mortgage you know they can’t pay off, or the capacity to sell that mortgage and therefore generate more mortgages like it, or a gasoline can—in the other hand. This is what Jacob Lew dealt with! →

Meet President Obama’s new chief-of-staff.

11 notes Filed under: POLITICS, WALL STREET, FINANCE, SAME SHIT DIFFERENT DUDE,.

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6. seedz reblogged this from fek and added:
  
  Where do CDS enter the picture? The Huffington Post article you link to makes no mention of credit default swaps. Also I...
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8. ninety9 said: Um, dude, AI is pretty much anything that isn’t Equities, Mutual Funds or Bonds.
9. fek posted this