2nd Nov 2008. Bird and Fortune on Silly Money satirising the absurdity of the financial crisis. … satire comedy humour credit crunch banks subprime mortgages global finance investment banker cdo greed fear economy bailout property derivatives debt tax payers regulation deregulation capital gains private equity business cycle lending leverage de-leverage bonuses risk securitization interest structure vehicle colaterised obligation wallstreet bad loans market house prices ratings agencies George …
excellent!!!
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DOW Drops 1000 points (16.3%)!!
/watch?v=aAEF79wHEVU&fmt=18
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acc acc acc acc acc account
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The depth of research done to make this whole George Parr series is amazing. This is exactly how it works and the couple of hours encompassing this series capture what has been ‘complexified’ across tonnes of mathematical textbooks and arcane formulae
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This is excellent.
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In the early 1980s, (Labour) Shadow Chancellor Roy Hattersley proposed to create a UK economy that would generate real wealth – “not paper fortunes at the Bank of England”. SIVs and the like are “paper fortunes” writ large and we now find Mr Hattersley was right – 25 years too late.
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The only thing I don’t understand about this video is the laughter. The discussion is particularly accurate and insightful. Take the laugh track out, and you have a very good take on the situation.
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It’s recorded in front of an audience mate. The laughter’s real.
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Yup, times like this all you can do is laugh! I love these guys, they educate the masses through humor!
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Its uh …. comedy…. like satire….they are making FUN of the bankers. It is called ‘understated wit’, ‘irony’ and ‘satire.’ They take the real facts and present them in such a way as to be funny!
These two are COMEDIANS!
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Sucks that Spain is getting battered so hard for idiots in America and Britain.
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Are you sure this is not umdesch4′s point? That you are not the one missing the irony (the comedy tells the truth)?
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Does anyone know where is the black & white clip outtake at the end of the video is from?
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This video should be required before every opening of Congress and the United States Senate.
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Hey, by the way.
Stop blaming America for every god damn problem we have in the world. If it wasn’t for the help of America you would all be speaking German or Japanese.
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Took a while, but found it. The man speaking is Prof. Clifton L. Ganus of Harding College, Searcy, Ark., and he spoke in 1955. It was part of a film by the National Education Program.
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The film is funny in a sick kind of way, much like those scaremongering 1950s advertisements against marijuana. It’s available online, but somehow I cant post the URL here, my comment just wont post if I include the URL. Must be some kind of anti-spam measure. Anyway, just Google for America’s Distribution of Wealth (1955)
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If it wasn’t for America we wouldn’t have got capitalism, democracy, or the boom. Foreign banks decided to buy the debt. And Im not American so no-one can say Im biased.
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karl marx was right
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No he fucking wasn’t.
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yes he was keep your language to yourself. capitalism is a failure as can be seen by the way the banks have plunged all the worlds economys into a recession, the boom dident come about because of the united states it was a global thing china and india becoming big buyers and producers, but since your all of 13 i dont expect you know that.
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About some things, yes. Anybody who’d claim otherwise (especially without having read any of Marx’s work) is a blinkered idiot.
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It was required viewing in my Economics lecture today at university, what a terrific video
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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.
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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?
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