Universal health care and complex financial derivatives
The following flow-chart (which outlines the House Democrats’ Health Plan) reminds Rocky of Offering Memoranda that he read for CMO and CDO-squared structures in 2006 and 2007. This chart was provided by the Joint Economic Committee, Republican staff.
Rocky’s rule of thumb in investing: If he doesn’t understand it, he doesn’t invest in it. Rocky doesn’t understand this chart.
One can only hope that this “structure” has a happier-ending than the structured finance market.