I found this on a yahoo chat board for an HB. Since you were venting I thought you would appreciate this
“S&P etal
A while back A&E ran a program about a hit man from north Jersey named Kuklinski who developed a method for dispatching some of his victims by mixing a cocktail of potassium cyanide and DMSO (transfer agent) which allowed him to swab this mixture on the skin of the hapless target with the result that the cyanide went thru the epidermis and straight into the blood stream causing death in moments. Due to this it is now standard practice for medical examiners to test for tell tales of this pernicious practice as standard practice.
How does this relate to sub-prime you ask? Well the rank amateurs on this board have been screaming for at least the past two years about the poisonous dealings of the HBs and their pals in the finance world with total accuracy as to the outcome. The rating agencies knew what was going on and as the examiners of the fetid items presented to them they acted as the transfer agents allowing this toxin to be passed thru the skin of the financial markets as sweet investment grade candy. The point is that if we knew what was going on you know damn well that they did – the investment grade rating simply allowed them to sell junk bonds into a huge pool of of what should have been forbidden money. This was a scam from top to bottom and in my view the perps all knew it from the get go.”
These people seem a little too comfortable playing with dynamite in the global credit markets.
