So THIS is Why the ABS Market is So Screwed

Check out this PDF ,which appears to be the summary sheet for a $2,000 Kaplan course on Asset Backed Securities.  I'm at a complete loss for words, for a change, to describe the epic fail at hand, one that must be evidenced first-hand to truly appreciate its sheer magnitude.

Perhaps achieving even a fleeting familiarity with the English language before trying to understand, nay, structure, trade, and value complex securities and derivatives would be a good idea, learn to crawl before you learn to walk, so-to-speak.

Just a hint.

Comments

[Dave in Oregon]

I suppose they have others for CDOs, CDS, synthetic CDO of CDS and the rest of the toxic structured crap too...

http://www.businessspectator.com.au/bs.nsf/Article/A-tsunami-of-hope-or-terror-LHRJP?OpenDocument

Structured Finance Blues (apologies to Johnny Cash)

I hear the bomb a comin'
It's rollin' 'round the bend,
And I ain't seen bull markets,
Since, I don't know when,
I'm stuck in New York's Prison,
And time keeps draggin' on,
But that bomb keeps a-rollin',
On down to Wisconsin.

http://www.npr.org/templates/story/story.php?storyId=96723051

[Bulging Bracket]

.sg is all you need to know. It's a chingrish document, and definitely not written by a star or for stars. Who works at Kaplan Singapore anyway?

[Anal_yst]

@BB

As far as I can tell (2-minute google search) the author was a math phD a few years back who somehow developed a keen expertise in all things ABS in the interim. I wonder how one can be so focused on such mathematical minutiae - indicating the ability to pay attention to (basic) details - yet throw together (and allow to be published on teh interwebs) such an affront for English-language writing. Sigh...

[balss]

their and there are different fucking words rarry rarry har to underrrrrrrrrrrrrrrrrrrrrrrand

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[Generic Viagra]

I can't stop laughing pal! Every time I think attack is over, I take a glimpse at that fail picture and there I go again with the compulsive laughs... thank you man, it was really funny. :D

[Air Max 2010]

I am glad it was appropriately punished. I don't work in a big agency, i am an independent, so I don't have any insight into how agencies bill, but I know how I do it, and there is no padding there, so for others to muddy that up is pretty irritating indee