Date: November 9th, 2007

Parts is parts: Part 2, cut up into little pieces parts

9 November, 2007 (09:43) | Markets, Subprime, US News | No comments

[Continued from yesterday’s Part 1.]
 
Yesterday’s post started with chicken parts (subprime residential second mortgages) and saw how Goldman Sachs chopped, pressed, and sliced them into thirteen different types of chicken parts. 
 
“As I hear tell all the parts are crammed into one big part.”
“Fused.”
“Then the one big part is cut up into little pieces parts.”
 
Now comes the [...]