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Subprime Banking Mess

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Autor: Robo2864
Descrição: John Bird and John Fortune (the Long Johns) brilliantly, and accurately, describing the mindset of the investment banking community in this satirical interview.
Exibições: 1,034,008
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Comentários


What's with the random split second picture of a guy at a computer at 6:58?

@WilliamHCarney Are you serious? You truly believe that clearing debt with more debt is a smart idea? Please read some of Ludwig von Mises' work.

The names they think up are very good ! lolol. Like, uh, PAID FOR ?Protecting Against Indebting our Descendants through Fully Offset Relief Temporary Extension Act of 2010 or, PATRIOT Act? Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001. and, DISCLOSE ! Democracy is Strengthened by Casting Light on Spending in Elections Act ahahaha. What's in a name.

they buy the loans (the debt) hoping to make the interest paid on the loan. its a ponzi scheme, just like VAT and the Fed. getting paid for something that hasnt happend yet.

absolutely brilliant stuff, .true, funny, and well executed.

The financial market is nothing more than a rigged game of musical chairs in my humble opinion in other words legaialised pryramid, there is nothing to laught about being a mugged although I conceed this video is satire, but one tou realise that the names of the brokers and hedge funds here are in actual fact real names and practises of enguiity then we can also cry ..

Risk free investment program, join now! edwinforex[dot]com

Shall we tell the critical posters? Na.

some try to stop the vid at precisely 6:59

Somali pirates say they are subsidiary of Goldman Sach

untilAugust 07 when lenders began making collateral calls & demanding collateral fire sales at discounted prices. This panic meant the value of all types of bonds declined, trillions of bank capital evaporated and the REPO Market collapsed. This means, if not for the Stimulus, double the nightmare. Still think we have too much gov? I don't. So $20 Trillion compared to $1.2 Trillion. Can't compare the two. So the BS about people buying homes they could not afford was a BIG ASS LIE. Read people.

Below, as i was stating. The Money Market Funds & Junk Bonds, took all the profit away from banks. So banks began securitizing loans to regain lost profits. The REPO market of interbank loans had always existed, but grew rapidly in the 90's to support securitization. But since there was no deposit insurance for loans measured in millions, counterparties demanded collateral to back these overnight REPO loans. DURING THE SUBPRIME MORTAGE CRISIS IN JAN 07, the ensuring bank panic didn't happen.....

I knew rumors always gets people without research. THE SUBPRIME MESS WAS NOT DUE TO PEOPLE NOT AFFORDING HOMES. That was only a $1.2 Trillion mess. Coming from a company that is $20 Trillion in profits. This come from the National Bureau of Economic Research. The company is called Renew Sale & Repurchase & (REPO). It is an unregulated, uninsured business. Still think we have too much government? I don't. This gets better. Due to the Money Market & Junk Bonds in the 80's. Cont.................

Look at this about 300 000 000 $ milpop com

Too bad the sound isn't sync

It is very funny ... and also very sad, as we're loughing on our very own doom...

hahahaha sheeple

1) "THE OBAMA DECEPTION" LOOK IT UP 2) ZEiTGEiST - THE MOVIE 3)NORTH AMERICAN UNION & RFID Chip TRUTH! Must SEE some serious shit!!!

The problem is not money as debt per se, but money as interest-bearing debt. It is the interest that must be paid for these worthless pieces of paper backed up by nothing at all that is the core of the problem.

What is it with you people. This guy is playing the part of a stuck-up, ignorant banking a-hole who would say such a thing. He is ACTING. If you perceive it as racist then you are the one with the problem.

yousavemoneyhere . com

Laughter is the only thing that's left when you lose everything else, so laugh as long as you can...

I....think....you might have missed the joke. You are aware this is a comedy double act, not a real interview...

master class in satire

do you know the concept of acting?

Tags: bird fortune banking investment subprime satire comedy interview

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