Bird and Fortune – Subprime Crisis
Jul.28, 2010 in
Az Fixed Rate Mortgage
John Bird and John Fortune (the Long Johns) brilliantly, and accurately, describing the mindset of the investment banking community in this satirical interview.
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March 25th, 2010 at 3:38 pm
funny
March 30th, 2010 at 5:54 pm
@RuflessRecords
I think you are missing the point about what made wall st as dynamic as it is today. The history of US finance is about banks integrating working and poor people into financial markets. Its true of early farmers as it is of the rust belt laid off workers who maintain their living standards by using credits and borrowing against mortgages. Sure people took on debts they couldnt afford – wall st took on debt they couldnt afford either. The US Tres is old bankers not poor people.
March 30th, 2010 at 8:54 pm
@JP2times2007 I don’t agree, we broke the records for all time home ownership in the 2000’s so we had more than ever before. Pre 1970, home loans were based on ability to repay and creditworthiness, not misguided sympathy for people who didn’t qualify.
I don’t know if there’s any good way to set up a charity to help people buy homes, too lengthy time to repay, and too big of a loan
April 12th, 2010 at 12:51 am
looooooooooooooool hahahaha comedians expecting the financial global crisis!
April 15th, 2010 at 10:57 pm
@farforathreem
These guys were better than Peter Schiff and Ron Paul combined.
April 26th, 2010 at 8:19 pm
I’m sorry but a bunch of crappy mortgages didnt bring the world financial system down. The real reason for the massive losses was derivatives, or bets that house prices would rise forever. Its basically a form of do it yourself insurance withought proper regulation.
April 26th, 2010 at 8:22 pm
@dslcobra Ron Paul and Schiff just blame all problems on too much government or low interest rates. They never place blame on criminal activity, a hijacking of government or the tool that allows casino phoney capitalism possible. The Derivatives! Ron Paul is illumimati, his role is to appear on your side and lead you astray. I have never encountered one Ron Paul supporter who can explain to me what problem a gold standard will solve.
April 26th, 2010 at 10:04 pm
@jaguarclaw
Well Peter Schiff never answers the toughest question:
“what happens when you ened the welfare state and everyone who was on it becomes homeless”.
Those idiots Schiff and Ron Paul are campaigning for a ideology and a capitalist utopia that are fantasy. Truth of the matter is, FREE MARKET CAPITALISM will KILL AMERICA. America can’t compete with the 1 Billion plus slave labor from Asia.
April 26th, 2010 at 10:07 pm
@jaguarclaw
It wasn’t just mortgages. It was trillions of dollars of IMAGINARY MONEY based on CREDIT/MORTGAGE debts. George W Bush ran 2 wars while giving tax cuts (to keep us pacified) and used CREDIT LOANS to imitate ECONOMIC GROWTH.
There was no GROWTH. It was really SHRINKAGE of the job market and our assets.
When is someone gonna stand up and say this out loud? All America has been doing is transferring its wealth and jobs to CHINA AND INDIA.
April 27th, 2010 at 4:17 pm
Solami pirates say they are subsidiaries of Goldman Sach
April 28th, 2010 at 12:46 am
ahahahaha
April 30th, 2010 at 9:39 am
Search for
“MARC FABER MADNESS”
May 2nd, 2010 at 9:47 pm
@dslcobra yes and now the hyper power that was America is going to be playing seound phildel to P.R.C and India i am not anti America but this is the shape of things to come i have visted china and india and seen it with my own eyes and it all happend while bush was in power to my knowlege bush jr
May 17th, 2010 at 2:51 am
“very sharp & sophisticated ppll, very intelligent” lol
May 21st, 2010 at 1:17 am
Just Cause Two has ingested every last neat portion of a game, and packed it straight into the greatest game ever before! If you actually want to play it for free rather than having to pay money for it, only visit to JC2DownloadXcom (replace X with . ) .
May 25th, 2010 at 3:55 pm
no Risk investment program,check it out!
edwinforex[dot]com
May 29th, 2010 at 11:37 am
Funny! For more humorous, yet good, financial advice, check my site. “The Hedge Song”
May 30th, 2010 at 8:50 am
simply brilliant!!
May 31st, 2010 at 1:07 am
@Megamotzer .
absolutely!
June 21st, 2010 at 8:20 pm
Oddly enough, a mathematical technique recently invented for drug design research could be used to build analytical models of the markets from numerical data. These analytical models could be used to stabilize the markets so that something like this would never happen again. Check out the page Evolution of Mathematical Expressions from Numerical Data Sets.
June 27th, 2010 at 12:59 am
hahah hilarious and still educational!
July 11th, 2010 at 10:36 am
abrarclub(.)blogspot(.)com
July 12th, 2010 at 4:11 am
And the saying is still true…”Be nat wrooth, my lord, though that I pleye. Ful ofte in game a sooth [truth] I have herd seye!” c 1390 Chaucer
July 15th, 2010 at 10:36 pm
Unrevealed 21st Century Well Organized Financial Crime
Promod Haque, he is a brutal man, a ruthless man, a man who butchers all small investors life and saving’s money to secure his own power as “No. 1 Deal Make Rated in the world”
“Yipes [Chapter 11 filings] are scandalous!” Promod Haque, Peter Morris and Keith Geeslin, they were very greedy, they controlled the company, well organized to push the Yipes company for bankruptcy, wiped off all small investors capital and for their own benefits.
July 17th, 2010 at 1:31 am
Mmmmm,
mmuhyes yes