Arctic populations that missed the opportunity to get involved with CDOs and other structured products they had no chance of understanding are getting their prayers for another shot answered courtesy of the PPIP. The Inupiat Eskimos from Alaska’s North Slope are partnering with Oaktree Capital Management to take the natural next step in their diversification away from oil by getting into toxic assets. Taking a break from his duties as a whaling boat captain, Richard Glenn, the vice president of lands for the Arctic Slope Regional Corp explained the logic behind the new push of Eskimo money into structured products.
“We were born in the oil patch but knew we should diversify. Not too many eggs in one basket.”
And soon they’ll be wondering why the puke green egg that says AAA-rated CMBS smells so rotten.
Inupiat Eskimos Jump Into PPIP [WSJ]
for the love of god greg does anyone give a shit about these fucking eskimos?
Greg, your posts are the puke green eggs that smell so rotten.
I do.
Nanook
oh seriously, igloos and eskimos? There must be something more titilatting going on today.
@1 – eff off you heartless bastard. we all care.
if we cant discuss ekimos, penguins, polar bears, and other cuddly creatures of the north then the terrorists have already won.
Leave Britney alone!
I mean Greg…leave Greg alone!
Not . . . another . . . tortured . . . analogy . . .
An Eskimo is driving when his car starts to make a noise. He takes it to the garage and the mechanic looks at it. “Hmm, looks like you`ve blown a seal.” “No,” says the Eskimo, “it`s just frost on my moustache.”
I once banged a husky in Juneau.
-Dennis Kneale
Greggums,
Sorry to bother you at work, but I have good news. Kwame, Latrell, Leroy, Curtis and Big Baby Jesus are moving in today!! They will be bunking in your room when they are not in mine. Don’t worry, sweetie, Latrell said he would set up a cot for you in the garage.
Love,
Mom
ps: If you hear grunts from my bedroom that sound like a rhino in heat, don’t come in.
If they are partnering with OCM they will be entering at attractive pricing and not buying crap. I don’t typically jump on the greg hate bandwagon but this is just weak…
@10 – “grunts…rhino in heat”, I just about spit my drink on the monitor. damn you funny guy/girl! I see a future for you, a book of “dear greg” letters – amazon could make you rich.
@10 Hmmm…no mention of a gross surgical procedure. Imposter?
@13 – No, its me. Just didn’t feel like typing labialplasty again.
Greg,
Nighty night, keep your butthole tight!
-Tron
Dear Gregory “Dung-for-brains” Michaels,
We always suspected you were a “dung for brains”. Thank you for confirming that for us.
Seriously, if you are going to write on a topic with an angle like this, make sure you know about the participants.