I found this on YouTube, completely by accident, and I’m ever so glad I did. These two British gents have the subprime market crisis nailed down pat. The video was uploaded by user kerviel88888 and is titled Bird and Fortune - Subprime Crisis. The portrayers in the mock interview are John Bird and John Fortune (referred to as the Long John’s) on The Last Laugh. It’s complete Satire, and more so, completely accurate as to how the ’subprime’ market works.
The video winds down with, exactly how it ends up “affecting” you and me. Well, not me really. I dumped my stocks, 401k’s, etc., years ago. But my friends mom (as well as many others have I’m sure) lost several thousands from the Lehman and Bear/Sterns debacles. How about you?
Enjoy.
http://hoopyfrooddude.blogspot.com/2008/10/videos-brits-on-subprime-market-crisis.html
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