Want to buy some toxic assets?
Here’s your big chance. There’s money to be made in those …uh… “legacy” assets banks are hiding under their skirts. Can you qualify under Geithner’s plan to get in on the feeding frenzy?
Here are the tests you need to meet when you apply to the Treasury:
1. Experience in dealing with mortgage-backed securities.
2. At least $10 billion (or $10 billion under management)
No problem so far, right? People with no income, no job, and no assets were able to qualify for some of those same mortgages, so a little exaggeration must be permissible. But the third test is the killer:
3. Proficiency in Microsoft Office.
Heck.
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Comment by Zxirupofrur — August 23, 2009 @ 12:36 am