Bovine Deal Rating
The financial crisis doesn’t have a defining quote, like ‘Yeah, grandma Millie, man’…’Yeah, now she wants her f——g money back for all the power you’ve charged right up, jammed right up her a—— for f——g $250 a megawatt hour.’ But I think we may have found it:
Official #1: Btw (by the way) that deal is ridiculous.
Official #2: I know right…model def (definitely) does not capture half the risk.
Official #1: We should not be rating it.
Official #2: We rate every deal. It could be structured by cows and we would rate it.
One wonders about the full range of bovine deal rating possibilities. Would small cap deals be rated by adorable mini cows?
