The financial market turmoil has produced a lot of black humour. I was out for luch with a client and the client shared a joke relating to the present market conditions. I think it is quite reflective of the times we live in.
A wealth manager is trying to hard sell the structured products created by his investment bank to a client
Wealth Manager: “But Sir, these Structured Products are rated AAA, where is the problem?”
Client: ” I would not buy a X-rated video from your investment bank, forget about your AAA rated Structured Product!!!!”