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http://www.youtube.com/watch?v=zq9bdAp6aEU&feature...

http://youtu.be/zq9bdAp6aEU

"That's what Harvard produces: Socialists and people unable to give a straight answer to a simple question.

A credit default swap is nothing more than a form of insurance on a loan: The lender subscribes a policy with the bank. The bank promises to compensate to the lender for any payments defaulted by the borrower. In exchange for that promise, the lender pays to the bank an insurance premium.

Is that so hard to explain, Mr. Professor and IMF boss??

Have you ever wondered why most banks, the IMF, the Fed, etc. failed to foresee the credit crisis?

Because they are full of students taught by mediocre "Professors" like this one ...
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Comments (18)

  • Flake's picture

    YooHoo loves drama.

    Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.

  • In reply to charmander
    Flake's picture

    charmander wrote:
    Patrick, can we vote to ban people? Maybe make it into some kind of weekly event? I guarantee that it'd generate good buzz.

    Noooooo. I don't like where that's heading.

    Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.

  • In reply to Flake
    Yohoo's picture

    Flake wrote:
    Maverick91 wrote:
    Flake's drunk.

    With love.

    Happy Valentine Day amor mio. Don't let them ban me. Tears, tears

    No one would remember the Good Samaritan if he'd only had good intentions; he had money as well.

  • In reply to Yohoo
    happypantsmcgee's picture

    Yohoo wrote:
    Flake wrote:
    Maverick91 wrote:
    Flake's drunk.

    With love.

    Happy Valentine Day amor mio. Don't let them ban me. Tears, tears


    You could always stop being a cunt so you wouldn't have to worry about it.

    If I had asked people what they wanted, they would have said faster horses - Henry Ford

  • duffmt6's picture

    Yohoo sucks.

    That's all I have to add.

    "For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."

  • In reply to happypantsmcgee
    Yohoo's picture

    happypantsmcgee wrote:
    Yohoo wrote:
    Flake wrote:
    Maverick91 wrote:
    Flake's drunk.

    With love.

    Happy Valentine Day amor mio. Don't let them ban me. Tears, tears


    You could always stop being a cunt so you wouldn't have to worry about it.

    I am not worried about it.

    I love all your shits so I am gonna keep being a cunt.

    As a matter of fact, you can eat my mancunt if Flake gives you permission.

    No one would remember the Good Samaritan if he'd only had good intentions; he had money as well.

  • In reply to duffmt6
    Yohoo's picture

    duffmt6 wrote:
    Yohoo sucks.

    That's all I have to add.

    I do suck. I only suck Flake until HappyAnger got jealous and try to make him cheat with UFO.

    Flake taste phalicious

    No one would remember the Good Samaritan if he'd only had good intentions; he had money as well.