I'd like to acknowledge VinodKothari.com for this securitization joke:
Bernanke goes to the barber for the regular haircut.
As usual for barbers, they engage their clients in conversation while cutting hair. But this time, the barber started talking about securitization. "Mr Chairman, what are you doing to promote securitization?", and so on. Bernanke shooed him, but he kept on pestering about securitization.
Anguished, Bernanke says: What do you know about securitization to talk all this rubbish?
The barber said he knows nothing. "All I am doing is my job. As I talk about securitization, your hair straightens upwards. Which makes it easy for me to cut!".
(Photo credit: www.sxc.hu)
