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Poor and StupidHow big government, big business, big media and big academia block your road to financial freedom- and tell you it's for your own good. |
Securities In Everything
Posted on 03/26/2007 06:31 AM | Link | Post Comment
According to Bloomberg:
Tussauds Group, owner of London's Madame Tussauds waxworks museum, may sell bonds backed by the income generated by dummies of George W. Bush, Kate Moss and other famous figures....Thanks to our market completeness correspondent, "Irrational Exuberance."Bankers have used assets as diverse as tickets to soccer matches, diamonds, lottery tickets and champagne stocks to back debt. Since singer David Bowie sold $55 million of bonds in 1997, entertainers including James Brown, known as the ``Godfather of Soul,' have sold notes backed by music royalties.
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