Time for another entry in Friday Fictioneers challenge, courtesy of Rochelle Wisoff-Fields. If you want to give it a try, check the info on her blog. 100 words more or less, inspired by a photo, here we go….
Copyright – Sean Fallon
Jack was pacing back and forth, nervously casting a glance at Mike.
“So, you are saying we repackage bad CDOs we can’t sell into new blocks, creating new CDOs that will get triple A ranking?”
Mike continued to spin in his chair, his mind focused on a bonus check that would eventually land in his lap.
“And the agency will give us triple A ranking on bullshit subprime mortgages? We are talking here about CDOs filled with 98%percent of toxic loans that we will dump on our investors.”
Mike stopped spinning and looked at Jack.
“Man, relax…When the ducks quack, feed them.”
For additional information, you can start here.
Collateralized debt obligation (CDO)