“The thing to remember is that these markets are run by very clever and sophisticated people…”
“It has some good words in it, like high.”
“Yes, high is a good word, better than low anyway.”
Very sharp commentary on the sub prime crisis. The scary thing is that there is very little exaggeration at all!
From: The Long Johns BBC.
Thanks to Financial Rounds for this clip
5 comments ↓
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It’s nice to see some making the subprime mortgage crisis funny…Adjustible Rate Mortgages + Ignorant Greedy Investors = Downturn for all.
I so agree that “the scary thing is that there is very little exaggeration at all!”
Thanks so much for this.
P.S. The website is for the organisation with which I am primarily coneected - for your perusal.
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