Technically it was a slice of a pile of mortgages that cut across various ratings so as to (supposedly) mitigate the risk. With a tranche you could turn a pile of mostly junk into AAA rated securities. The problem was mainly that the ratings of the underlying mortgages were heavily inflated.

Hey PA results finally. Difference is down to 186k, 2.9%. Still 88% reporting (if that’s accurate).

You have to feel for the lug.

You do have to pay the $3m up front. States are smarter than that when it comes to desperate campaigns that are likely cash-strapped. Wouldn’t be surprised at all if that entered into things.

Do you, though?

Down to 37k. Hope Biden wins here because the AZ news is kinda freaking me out :P

Yeah, slicing and dicing junk mortgages didn’t make them AAA. It was financial voodoo.

He is going to go all Milosevic and need to be dragged out crying

That was me at 5am, and then again at 1pm, and now again 8pm!

He didn’t specify what you had to feel.

Eventually maybe like William H. Macy at the end of Fargo.

“It’s a new tone from Trump, and many aides are saying that today is the day he really became president.”

Trip Gabriel, in Butler County, Pa. 2m ago

Almost all of Georgia’s counties with appreciable outstanding votes are tinted blue on the map. This is why the White House is reportedly nervous about the

I feel like it’s a good thing that AZ is tightening in one direction while PA and GA are tightening in the other direction. This might be good for the (let’s just say) less-informed, conspiracy-prone voters out there to see that this is… just the vote counting process in action. Not some Dem plot to steal the election.

I’m working my way through a bottle of wine; Palazzo Della Torre, 2012 Allegrini. It’s not bad and helps take the edge off the past 48 hours!

Good point.

The really terrible thing about DJT losing is we’ll probably never see the details of his full and complete healthcare plan.

Except they won’t notice because they are out somewhere chanting ‘stop the vote’. Morons.