On Tue, 19 Feb 2008, shag posted:
> http://docs.google.com/TeamPresent?docid=ddp4zq7n_0cdjsr4fn&skipauth=true
>
> fuckin' funny.
Indeed it was, esp. at the end. I passed it on to several people who enjoyed it. But one wrote back with a tiny nit:
> Pretty much on target, although it skips the important intermediary step
> in which the AAA tranche was funded with short term asset backed
> commercial paper. It was this paper that was sold to the Norwegian
> township, not the CDO.
Michael