April 01, 2010
– Comments (11)
David and Tom,
You had me going for a while. You actually had me researching how mortgage backed securities work before I started to suspect something. My hat is off to you.
Well after the whole "Special Ops" hard sell I actually thought it might be legit... Only later section of the "letter" had me second guessing.
BTW, any "Special Ops" people out there ready to crow about their earnings so far? ... Find it odd that no one has come on to gloat, unless of course they don't have much to gloat about at the moment.
Actually I was a tad disappointed ....last year also was related to bank toxic assets!
The hard sell and all the supposed emails they posted made me question the article at first. It read almost like a penny stock offer. But, being TMF, I let their track record of honest dealings reel me in along with the gov't ending their program yesterday. Not knowing the first thing about how mortgage backed securities work I found myself at the end of an article on the subject when I got that "No! They got me!" feeling.
It read almost like a penny stock offer. But, being TMF, I let their track record of honest dealings reel me in
Agreed. And just like last year it took me until I got halfway through the article before I figured out it was a joke. I have to say they can write a pretty convincing prank.
It is too bad when a joke mirrors economic reality.
I thought it was really funny. And they got me pretty good, that's for sure...
I had about 10 browser windows open trying to figure out what the heck it was and whether I should consider investing in it. When I couldn't figure it out, I decided to send them a quick email. I felt really embarrassed when I got their response and found out it was a sham. And then I laughed long and hard at myself!
But lemoneater... you are such a kind soul, and I can see your point.
Hope you all have a good weekend and a happy Easter.
Happy Easter, to you all!
Happy Easter, Lemon!
At the end of yesterday I had a good laugh and learned something about mortgage backed securities. Add to that I got to blow bubbles with my son on the back porch after I picked him up from pre-school and had a great meal and conversation with my wife. Yesterday was a good day.
Sounds like you're livin the good life Cato... congrats! Hope the rest of your weekend is even better!
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