w-wh-WHAT!?

I knew it was bad, but this goes past bad to downright ugly.

Disclaimer: you have to be able to read and think, to follow this post about why mortgage-backed securities were the "good" part of the good/bad/ugly housing bubble. Hint: it involves pretty much everyone in the USA not operating on a cash-on-the-barrelhead basis going out of business, worst case.

Also, the government agency that publishes the "official" unemployment numbers is making the numbers up. I already told you about that. I didn't realize that their shenanigans are going to "unexpectedly" give us 11%-ish unemployment this MAY.