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Bird and Fortune - Subprime Crisis

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John Bird and John Fortune (the Long Johns) brilliantly, and accurately, describing the mindset of the investment banking community in this satirical interview.

Channel: Comedy
Uploaded: December 31, 1969 at 6:59 pm
Author: kerviel88888

Length: 08:50
Rating: 4.93
Views: 574981

Tags: bear  bird  bremner  Credit  crisis  Enhanced  fortune  Fund  High-Grade  Leverage  sterns  Strategies  Structured  subprime  

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Video Comments

gullivera (December 31, 1969 at 6:59 pm)
Its called satire mate, they're pointing out that millions of poor and vulnerable people (many of whom are no-doubt black and unemployed) were exploited and driven into debt in America by the stupidity and greed of speculators and mortgage brokers.
gregplaysthestick (December 31, 1969 at 6:59 pm)
Maybe the humor comes from the "expert" being the racist. Perhaps unfair, but perhaps true...Remember who's being parodied here...
fullofvenom (December 31, 1969 at 6:59 pm)
its your pension fund.....hilarious....
medal8 (December 31, 1969 at 6:59 pm)
No it's not racist...It's humour !!!
strangisproductions (December 31, 1969 at 6:59 pm)
BRILLIANT!
WildmanWoodie (December 31, 1969 at 6:59 pm)
You're right, but nobody was forced to take out the loans. Poor folks of any race went into these deals willingly. Foolishly, but willingly.
mungstrosity (December 31, 1969 at 6:59 pm)
It's what happened. Nothing racist about that. Racist is driving the poor black unemployed man into debt and bankrrupcy by lending him money he could never pay back by betting on his house gaining value by the time you took it away from him.
jonnydorobantul (December 31, 1969 at 6:59 pm)
RUSSIAN ...AMERICAN...ALL MADE IN TAIWAN...:)))) Thats the problem....nuthing made in USA:))
thismustbeathursday (December 31, 1969 at 6:59 pm)
No. It isn't. Listen again. You are missing the point by a country mile.
gunsandroses1111 (December 31, 1969 at 6:59 pm)
Well ... they did get a bail out ...and can carry on much as they were ... so in good times profits are very high ...in bad times the Fed or Bank of England bails you out. Good business to be in?

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