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Bird and Fortune - Subprime Crisis
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Tags: bear, bird, bremner, Credit, crisis, Enhanced, fortune, Fund, High, Grade, Leverage, sterns, Strategies, Structured, subprime,
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Comments to “Bird and Fortune - Subprime Crisis”
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December 16th, 2008 at 23:13:22 i would try the "bankingorbust" website if you want to learn more on this topic
December 16th, 2008 at 23:36:21 nothing is more cutting than the british but i wish george carlin was still alive on the other side of the pond.he'd have a lot to say and it would be very very cutting with expletives.
December 17th, 2008 at 23:59:20 it was broadcast on ch4 late summer 2007
December 17th, 2008 at 00:22:19 Oh yes indeed. There's also something in there about taiwanese sumo-mudwrestling and blindfolded pingpong that people seem to disregard completely! :)
December 17th, 2008 at 00:45:18 Brokenbriton, my comment was to be taken on the 2nd degree (or even the 3rd one)... ;-)
December 17th, 2008 at 01:08:17 This is superb british humour, it makes fun of just everyone in an intelligent and fresh way, informing anyone even with no technical background about the bad things that happened Ugo (I am Italian)
December 17th, 2008 at 01:31:16 Wake up people - this is not racism, it´s humour! Remember that?? The fact that it´s absolutely TRUE makes it even funnier. You should perhaps be more critical of the people who orchestrated the crisis in the first place, not the commentators. This is classic British humour!
December 17th, 2008 at 01:54:15 Its a pity such brilliant humour is lost on the likes of Antoine. The greed of the bankers selling worthless assets dressed up as great investments is where is all went wrong..Well done
December 17th, 2008 at 02:17:14 Yeah ! Indeed ! This banker clearly attacked the unemployed Black man sitting in front of his crumbling house in Alabama ! You are right, some people seem to think that s humor, but it is not !
December 17th, 2008 at 02:40:13 Splendid...funny, true and irony-drenched.
December 17th, 2008 at 03:03:12 Uh, yeah... the whole thing was about racism. And Santa Clause... Get a clue!
December 17th, 2008 at 03:26:11 Well, anyway the banker did the fraud against who he called the "black" man. The stress here is on the racism of the banker, not a personal actor's thought
December 17th, 2008 at 03:49:10 nice
December 17th, 2008 at 04:12:09 LOL
December 17th, 2008 at 04:35:08 I too have been wondering! This was posted in Feb 2008 and hence must have been recorded before that. Most of the "detailed postmortem analysis" of the financial crisis was done in September 2008 when Lehman disappeared and others were pushed on the brink
December 17th, 2008 at 04:58:07 Would the joke have been as funny if the "black" man was just "guy" on a crumbling porch? Why or why not? Does it matter that these are two older white men? Are there critical differences (historical and in the sense of humor) between an English and American audience that might make the same joke satire in Liverpool and troubling in Atlanta?
December 17th, 2008 at 05:21:06 I find it utterly staggering that anyone finds this racist...you're missing the point of the humour by so much it's frightening.
December 17th, 2008 at 05:44:05 Doea anybody know when this was recorded? They must have been among the first to analyse correctly? "Wondering"
December 17th, 2008 at 06:07:04 Its called satire mate, they're pointing out that millions of poor and vulnerable people (many of whom are no-doubt black and unemployed) were exploited and driven into debt in America by the stupidity and greed of speculators and mortgage brokers.
December 17th, 2008 at 06:30:03 Maybe the humor comes from the "expert" being the racist. Perhaps unfair, but perhaps true... Remember who's being parodied here...
December 17th, 2008 at 06:53:02 its your pension fund.....hilarious....
December 17th, 2008 at 07:16:01 No it's not racist... It's humour !!!
December 17th, 2008 at 07:39:00 BRILLIANT!
December 17th, 2008 at 08:01:59 You're right, but nobody was forced to take out the loans. Poor folks of any race went into these deals willingly. Foolishly, but willingly.
December 17th, 2008 at 08:24:58 It's what happened. Nothing racist about that. Racist is driving the poor black unemployed man into debt and bankrrupcy by lending him money he could never pay back by betting on his house gaining value by the time you took it away from him.