mad meat !

AN UNFINISHED PARABLEREDHENS MASHED & BOUND as SAUSAGES (RMBS)COWS MASHED & BOUND as SAUSAGES (CMBS)Comes tothe USERS of SPORKS ARCHIPELAGO (USA)

How securitized lending collapsed the financial system which now exists on life-support.

Written and Illustrated by Eric Von Berg

2010

CAST

Characters & Props Played in the Real World By

People of the Archipelago Money Managers (our retirement funds, insurance, etc.)Fishermen of AllSorts Island Borrowers on Student loans, Car Loans, Credit Cards, Etc.

Chicken Farmers of Redhen Island Home Loans Borrowers

Ranchers of Cow Island Commercial Loan BorrowersGovernor Federal and State GovernmentsCompeting Regulators Treasury, Federal Reserve, SEC, FDIC, Comptroller of theCurrency, Office of Thrift Supervision, Federal TradeCommission, Commodities Futures Trading Commission,National Credit Union Commission, HUD, VA, FHA, GNMA,Pension Benefit Guarantee Corporation, House FinancialServices Committee, Senate Committee of Banking Housingand Urban Affairs, AND their State counterparts.Street-Vendors Banks & Insurance CompaniesTinker-Traders Investment BanksButchers Mortgage BankersProfessional Hotdog Eaters “B” Piece Buyers (buyers of the unrated tranches)Meat Mortgages and other asset backed loansPorridge T-Bills and Treasury BondsScrapple CD’s, Pass Book Accounts, Insurance and Annuities.Sausages Asset Backed Securities; ABS, RMBS, & CMBS

Not that long ago, in another world just as crazy as ours, was a nation made up of many islands, the Users of SporksArchipelago (USA). Each island had a specialized economy. Three islands specialized in protein production: AllSorts Island, afishing island that netted an assortment of small sea creatures; Redhen Island, raised and sold poultry; and Cow Island,produced beef