Sub-Prime Mortgage Mess Explained

OK, now it's starting to make sense:

The Long Johns

I'm tempted to say you can only get this sort of humour on British TV. Satire is what we do best, and have done since the '70s.
Only the Simpsons could remotely match this.

LOL! i laughed the whole way through both times!

btw, i heard what i would consider racists remarks in there, i gather this is accepted in the UK?!?

Many thanks, Phil.

it might be considered so, but the fact is that poor, financially-naive, white and black-american folk, were seen as easy targets for the snake-oil salesmen.
Don't blacks in the US call themselves black anymore? If simply calling someone black as opposed to some other term is offensive, then so be it. No doubt if they'd only mentioned some red-neck in a string vest someone would have been up in arms 'cos the comedy sketch DIDN'T mention non-white targets.

Sorry Merlin, I bit, didn't I?

Regardless of race, we all drank the subprime kool-aid. Why not? Why take a loan at 7% fixed when you can get 4% for 3 years, no money down and watch your house double in value? Worst case, the bank takes your house and your credit is damaged for a few years. Yes people were financially naive but the lenders weren't. They knew exactly what they were doing and so did Greenspan, and every other government agency.

It doesn't take a salesman to hand out free money.

My wife asked why i was laughing like a monkey during the whole video...

Hilarious. Thanks for the laughs phil, these guys are very good. Surprised I never heard of em before.

And I thought that subprime was all about higher interest rates and less risk management? What's this 3% stuff? Can I have one of those :

Here is a follow up by the same crew:



and one on greenie & oil:

Thanks ISO. I can't get enough of these characters.

Now I understand what REALLY happened.......thanks Phil!

Say, why did "SIV" suddenly sound like "HIV" in my ears while watching..

These two really should replace part of the news section, they remind me of a mix between the muppet show's Statler & Waldorf(sophisticated version) and John Cleese and this other MP guy

One of the best by this crew. Seriously, though. Where are the cops?