Part 2/2 Bird & fortune – Financial crisis – Silly Money, Nov 08
2nd Nov 2008. Bird and Fortune on Silly Money satirising the absurdity of the financial crisis.
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100000 starved to death yesterday, 100000 starve to death today, 100000 will starve to death tomorrow.
@38dragoon38
It’s from a Bremner, Bird and Fortune series called ‘Silly Money’, I think you can watch all 4 episodes on google video. Well worth a watch!
@EasyEight88
You’ll find investment banks lobbying for lower interest rates, and laxer lending standards was in fact the root cause of the crisis. The government just did their bidding, deregulating and letting the cheap money flow, something which made the banks very rich indeed, but also deluded and feverishly speculative.
@EasyEight88
If your on about HUD directing Fannie and Freddie to lend to below median income earners (known as Alt A mortgages) from the mid nineties onwards, that wasn’t the cause of the crisis. It played a very small part. Fannie and Freddie never got into subprime, they were legally barred from doing so.
Funny, but, completely leaves off WHY the banks started down this path. It started in the US when the Government FORCED them to make risky loans to low income people under the guise of social justice — let the poor all become homeowners. Oh. And the Government also GUARANTEED the loans in case of default. But as the video points out, they didn’t add much to the bank’s asset sheet. SO they turned lemons into lemonade, bundled good with bad loans and created CDOs. The stage was set for meltdown.
@result321 I do, actually; and have taught them to Elitist; the only thing that will drive my beloved into proper society.
@PianoSonata
Do you have kids, piano?
If so, you would not be that ignorant.
@result321 Don’t complain about it; become one of them.
i am so happy just got a amazon voucher from FreeAccz. info cause their are great
Dear Boognish,
Thank you very much for posting this – I really enjoyed it. Also I liked the little black and white clip at the end also – nice touch. Can you please tell me where this little clip is from?
Cheers!
ohhh goddd his is just hillerious if this is ur future career! clearly capitialism is evil and is deteriorating, and will soon be gone thank god, regardless why not profit off of it while its still around! LOL!
I believed in it because other people believed the same shit.
Massive temptation for fraud
Stupidity and incompetence.
And that is something we can be very proud of.
Some idiot somewhere asked the question which should have never been asked: “How much are these things worth?”
Very sad day compensation payment of 12 mio pounds and 5 mio retirement payment. What a pity isn´t it?
This is our capitalistic march of HUMAN PROGRESS the BANKSTERS way
:p i am doing economics and finance in UNI … its amazing how they do this
Its amazing.
A double-dip recession is coming.
This is so amazing.
if you are into economics and finance. This will make so much sense to you
Sorry 1776.
true but America actually gave it a chance. The Wealth of Nations and the constitution were written in the same year 1976.
Capitalism existed long before America did.
Nice work. keep it up. mean time come for social media marketing for esteembpo**com GHJF
Nice work. keep it up. mean time come for social media marketing for esteembpo**com
min kumph? dont respond to me with words that are not in the dictionary, china and india fueled the boom they have over 2 billion people. the us was not the first capitalist nation ever here of the italian states pre 1870?
Your logic is as bad as the media’s. Your logic is capitalism exists. There is an economic crisis. Therefore capitalism has caused the economic crisis. That is a lot like Min Kumph (or however you spell it). This crisis was caused by fractional reserve banking, central banking and government sending the wrong information through the market. Community redevelopment act. China and India only did well since they became capitalist anyway. 13 year olds are a lot smarter than you think.
It was required viewing in my Economics lecture today at university, what a terrific video
About some things, yes. Anybody who’d claim otherwise (especially without having read any of Marx’s work) is a blinkered idiot.