Subprime Banking Mess
John Bird and John Fortune (the Long Johns) brilliantly, and accurately, describing the mindset of the investment banking community in this satirical interview.
Duration : 0:8:29
John Bird and John Fortune (the Long Johns) brilliantly, and accurately, describing the mindset of the investment banking community in this satirical interview.
Duration : 0:8:29
WilliamHCarney April 4th
untilAugust 07 when …
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 LIE. Read people.
WilliamHCarney April 4th
Below, as i was …
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…..
WilliamHCarney April 4th
I knew rumors …
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……………..
wwwmilpopcom April 4th
Look at this about …
Look at this about 300 000 000 $
milpop com
sjoerdwennekes April 4th
Too bad the sound …
Too bad the sound isn’t sync
OutlineStudio April 4th
It is very funny .. …
It is very funny … and also very sad, as we’re loughing on our very own doom…
BeantownJim April 4th
hahahaha sheeple
hahahaha sheeple
casper18nyc April 4th
1) “THE OBAMA …
1) “THE OBAMA DECEPTION” LOOK IT UP
2) ZEiTGEiST – THE MOVIE
3)NORTH AMERICAN UNION & RFID Chip TRUTH! Must SEE
some serious shit!!!
huckteeper April 4th
The problem is not …
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.
huckteeper April 4th
What is it with you …
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.
sk8forlife103 April 4th
yousavemoneyhere . …
yousavemoneyhere . com
Daerkell April 4th
Laughter is the …
Laughter is the only thing that’s left when you lose everything else, so laugh as long as you can…
IainStanford April 4th
I….think….you …
I….think….you might have missed the joke.
You are aware this is a comedy double act, not a real interview…
ducksoup2007 April 4th
master class in …
master class in satire
mannotwiththeplan April 4th
do you know the …
do you know the concept of acting?
tellyisrubbish April 4th
Don’t think the …
Don’t think the British people can suffer any more because Gordon Brown raided the pension fund.
sethkar April 4th
People who can’t …
People who can’t laugh at themselves are the only people who are ever offended by these things -.-
smartpenguin April 4th
hahaha.
we’re …
hahaha.
we’re laughing at black, unemployed men from Alabama.
aren’t these old, white men so hilarious in their blatant racism?
kentafication April 4th
How long are we …
How long are we going to laugh about the situation?
jimmybeard April 4th
Brilliant assesment …
Brilliant assesment on how this all started. Surprisingly accurate.
… who else is losing their job (or company) because of this?
… it has however gone far beyond the point they by now, but an amazingly intelligent satirical take on the trigger nonetheless
Eudavxzf April 4th
I really liked your …
I really liked your channel and this video. If you need any help getting this video exposed I use a site called tubeviews.(net) It has really helped like 20 of my main videos get to the top in position. Its nice.
that is very awesome i love this
SubprimeGangster April 4th
Check out the ” …
Check out the “Subprime Gangster” video by E-Money
tarfin April 4th
NOT TRUE.
THE …
NOT TRUE.
THE HOUSING BUBBLE did not CAUSE this.
THE HOUSING BUBBLE was just the PRETEXT.
The Financial SYSTEM is BUILT for PERPETUAL ECONOMIC GROWTH and that is NOT possible in the REAL world.
Watch “MONEY as DEBT”
myrelative April 4th
do that now and GET …
do that now and GET kicked out.
out of your house for example.
JohnIbrah April 4th
Just take this …
Just take this opportunities to buy american asset and kick them out! Our jewish flag will rise on you land one day
Add Yours
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