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How did the credit crunch happen?

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Comments

  • posh*spice
    posh*spice Posts: 1,398 Forumite
    fatpig wrote: »
    posh spice hammered all her credit cards in rodeo drive I think

    Did someone mention me:confused::rotfl:I haven't been near Rodeo Drive for at least a week I'll have you know...:p

    I'll sue you if you're not careful;)
    Turn your face to the sun and the shadows fall behind you.
  • DocProc
    DocProc Posts: 855 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    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.
  • icefall
    icefall Posts: 1,125 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    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...
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