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How did the credit crunch happen?
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You might like to watch this. It's a spoof video of the satirical actors, John Bird and John Fortune, entitled 'Subprime Crisis'. It's extremely funny and hits the nail on the head as to exctly how the subprime mortgage crisis DID actually start, how the banks got into trouble and how none of them trust each other's collateral any longer.
http://www.youtube.com/watch?v=mzJmTCYmo9g
PS. On the same web page, look out for 'The Admirals Interview', which is a satirical sketch to do with the Navy's purchasing of the two massive aircraft carriers.
Sound 'ON', of course.0 -
Thanks DocProc I watched this and then a few other by Bird and Fortune, kept me busy for a while I can tell you lol :rotfl::rotfl:I always wanted to be a procrastinator, never got round to it...0
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