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A satirical look at the subprime debacle

Economic growth, Financial Events, Leverage

A reader has kindly sent me a YouTube link to a recent British television sketch featuring two masters of satire, John Bird and John Fortune. It takes the form of a mock-interview, with Bird playing the all-wise investment banker, and explaining to Fortune how subprime happened, and what a SIV might be. Not only is it very funny, but also (as always with their work), well researched. It lasts around 9 minutes.