Friday, October 15, 2010

Da financial industry (3)


NYT today
Stevie and Grandpa Harry read the newspaper

“Mozilo’s record penalty is the fitting outcome for a corporate executive who deliberately disregarded his duties to investors by concealing what he saw from inside the executive suite – a looming disaster in which Countrywide was buckling under the weight of increasing risky mortgage underwriting, mounting defaults and delinquencies, and a deteriorating business model.” (What does that mean, Stevie? Well, It means that Mr Mozillo doesn't have to pay back the money he borrowed....No, it's not fair....If I lent him money? I'd just ask him nicely, and he'd give my money back....Ida, don't talk that way around your grandson!!! What Stevie?...what does "find him in a swamp in Canarsie with no hands and his balls jammed down his throat" mean?)

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