Using a home purchase to illustrate assets, liabilities and owner’s equity. … Finance accounting equity mortgage debt credit crunch
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 …
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