Social Media Users Just Can’t Get Enough of ‘Collateralized Burrito Obligations’ | Global News Avenue

This is just a routine press release about a new way to pay for food delivery. still?

Obviously not. Social media users, especially in some financial corners, have buzzed recently about speculative financial products that could lower Wall Street: Burrito loans.

Has this all begun? Food delivery service Doordash (sprint) said Thursday that he is now working with Buy, paying later Clear Let users pay in four interest-free installments. Some rockers quickly turned to X to joke about spending a few months paying $15 for burritos. But others took things a step further.

Business writer Trung Phan repeats the scene in the “big short film” Subprime mortgage crisis and the issue of mortgage debt obligations, or CDO.

“The original loan is backed by the burrito (chicken.) pork. Carne Asada. However, the burrito CDO C is a synthetic burrito.

Comparison with “big short” and CDO Global Financial Crisis There is no end.

But “big short” is not the only media attracted to the battlefield: for example, “White Lotus”.

Personal finance expert and broadcaster Dave Ramsey is another fixture for the meme parade.

Ramsey himself even effectively joined the internet’s reaction to the purchase and paid for the burritos later.