What? -Vennett wants 1,5 million more in collateral by-close vennett's asking us to post collateral what the hell is going on?
We don't know, but deutsche is on the phone demanding payment call vennett, call that little sh*t!
Call vennett!
Tell him to get his ass down here so, sub-prime loans go bad, but sub-rime bonds, which are made up of sub-prime loans, are more valuable?
They want another 1.9 million by market close what about the ratings-agencies?
Moody's, s&p?
Are they downgrading the cdo's or mortgage bonds where are the ratings-agencies at?
They're the f***ing same!
Nope, they're all still AAA!
What the hell!
Are you f***ing kidding me?
Those f***ers, those motherfuckers!
They go public and all the care about is their bottom-line and their sh*t!
Mark, that's not all... The Morgan Stanley risk-guys are here they called in Kathy tao I'm trying to convince her to make her sell us swaps apparently eh, tying up securing some insurance payments so, a housing armageddon is not prudent investing.
What did Kathy say?
Nothing yet, she keeps asking if this is one of your crusades ok, I want you to walk back in there and very calmly, very politely tell the risk-assessors to f*** off!
And then meet me over at standard & poors, we're gonna talk to Georgia get that f*** Jared vennett I want to bash his f***ing head in uh, gentlemen... I spoke with mark baum
he says:
To f*** off!
I don't see a damn thing.
Aaah, my eye-doctor is always busy I end up taking any appointment and my whole morning gets shot to hell!
So... Alrighty front-point partners how can standard & poors help you?
Well, we don't understand why the ratings-agencies haven't downgraded sub-prime bonds since the underlying loans are clearly deteriorating well, the delinquency-rates do have people worried, but they're actually within our models so Says you?
