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came out halibut has the intelligence of a dolphin.
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So, what am I going to do?
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Throw all this unsold fish, which is the BBB level of the bond,
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in the garbage and take the loss?
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No way.
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Being the crafty and morally onerous chef that I am,
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whatever crappy levels of the bond I don't sell,
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I throw into a seafood stew.
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See, it's not old fish. It's a whole new thing!
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And the best part is they're eating 3-day-old halibut.
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That is a CDO.
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I just need to know, how could these possibly be collated?