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A Torrid Tale Of Love Lies And Collateralized Debt Obligations

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by Felix Salmon
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Aug 15 2008 11:14am EDT

A Torrid Tale of Love, Lies, and Collateralized Debt Obligations

Robin Kane might be winning the financial mixed-metaphor contest, but when it comes to tortured similes, Ray Pasimio has the competition truly beat. Ladies and gentlemen, the worthy recipient of a Dishonorable Mention in the 2008 Bulwer-Lytton Fiction Contest:

Carey, unnerved by an affair that had suffered through weeks of volatility, walked unsteadily, her dress etching complex runes in the fine patina of dust along the antiquated floor, to a rose-scented box of love letters in a vain attempt to find solace, like a security fund struggling to find liquidity in the US sub-prime mortgage market.

Magnificent stuff. Between this and yesterday's video from Equity Private, I think we have a whole new, um, asset class here.

(HT: LoSC)

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