The best explanation available of the subprime mess youll see today

Discussion in 'Economics' started by silvermotion, Jan 6, 2008.

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    These guys are funny as hell! Nothing of they say is wrong. Want to know what really caused the subprime mess? You'll get more insight from this video than from spending hours reading business publications or listening to market specialists.

    From The last Laugh act by John Bird and John Fortune.
  2. Excellent explanation and really funny, at the same time
  3. Mr Pain

    Mr Pain

    Thank you. This is great.:D
  4. The part about "[somebody... like the Fed] give us back all of our money like it never happened..."

    That's funny, but also potentially tragic... that's called "monetizing the [bad] debt"... it will be paid for in higher inflation and weaker buying power for all US Citizens through currency debasement.

    It's also VERY likely to happen at least to a degree.