Wednesday, April 22, 2009

Barbershop

A not altogether ugly lady with parkinsons cuts my hair.

The conversation flows between Russian and English. Andrey, another client(Bill Rutledge), Svetlana (parkinsons lady), and Yuriy converse. ("--" is russian I do not understand)

Andrey: -----clam cowder, da, clam chowder----

Svetlana: dan clam chowder,da -------

Yuriy: Clam chowder? Clam chowder?

Andrey: Claaaam Chowwwwder, da.

Bill: So I've been reading about bear sterns and how the derivative market was completely misunderstood.

Andrey to Bill: The houses, they borrow, yes they sign loan but no money. No boat. They sign but no money. They loan.

Bill: yes the mortgage backed securities...

Andrey: The hotels, $1,000 per night in India, in Moscow, they loan and many of the owner they own building...

Bill: Yes as I was saying I've...

Svetlana: Clam Chowder, Claaam (hand movement) Chowwwwderr

Yuriy: da, clam chowder -------

Bill: been reading this book about bear sterns its ridiculous how they managed these mortgages

Andrey: building yes buildings they have to pay loan so increase rent and russians make loan like this too hotels $1,000 per night and pay off mortgage.

Yuriy: Clam Chowder???

Svetlana: Claaaam Chowder---------

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