No. of Recommendations: 9
You guys just DON'T GET IT! You take enough junk bonds from enough different industries, locations and maturities and combine them into a fund. When you put them together it diversifies the junk risk away. Junk becomes as good as GOLD, AAA Rated! Moodys/SP/Fitch AAA ratings can't be far away!

Wall Street proved out this business model with sub-prime mortgages. It worked out . . . . wait a minute. . . great for Wall Street and a disaster for anyone holding the paper. . .

But Ben and the Fed want my widows and orphans to invest in "risk assets." I am 100% confident, Ben will take care of us this time around.
Ben promised us that a nationwide downturn in residential real-estate was "highly unlikely." I am sure he will give us that same promise with these junk bonds.

What could go wrong? I am all IN!



(In case you are not a regular around these places, this post is tongue in cheek. I strongly think some of the junk bond holders will end in tears. Not a recommended investment at the current low interest rates.)
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