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Sub-prime Skit

John Fortune and John Bird do an hilarious skit on the sub-prime fiasco, this was last year but what with the BofA asking for 740 billion to bail them out recently I`m amazed at the foresight

posted by portaloo
3/3/2008 8:00:58 AM

Views: 3124

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Tags Tags: prime

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11 Comments

Current View: 15 / Show all Comments

GHod : LVL 33: VP 4.2: said:

Hidden (Show Comment) -39 votes

262 days 1 hour ago...

how did this get to the front?

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jiffyjaffa : LVL 32: VP 4.1: said:

Hidden (Show Comment) 18 votes

262 days ago...

Awesome.

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tower : LVL 34: VP 4.2: said:

Hidden (Show Comment) 11 votes

262 days ago...

^^Because not enough people know about how the gambling attitudes of the these `investors` affect all of us.

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velocity73R : LVL 35: VP 4.3: said:

Hidden (Show Comment) 9 votes

261 days 22 hours ago...

When they let Mortgage Companies`, as well as, Car Companies/Retailers/etc,etc... give housing loans to anyone with a pulse, and then bundled all these loans into fancy SIV`s[Security Investment Vehicles], that was infact the beginning of the end, and in a short while we`ll feel its true impact...An inflationary Depression, on a world scale..Get ready, it won`t be pretty...

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thrasymacus2000 : LVL 21: VP 3: said:

Hidden (Show Comment) 4 votes

261 days 22 hours ago...

I read an article in `The Economist` today on the US sub prime housing market but this was so much more informative.

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xupz : LVL 44: VP 5: said:

Hidden (Show Comment) 6 votes

261 days 21 hours ago...

Silver just broke $20 late last night, currently $20.36. Gold will break $1000 in the next few days, Palladium will break $600 in the next few days, Platinum likely to hit $2300 in the next few weeks, if not sooner.

Pretty much sums the market up. Enjoy the losses in the 401k.

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corilion : LVL 36: VP 4.4: said:

Hidden (Show Comment) 8 votes

261 days 20 hours ago...

comedians have awesome explaining powers. Ron Paul would laugh his ass off watching this.

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goldenshemesh : LVL 35: VP 4.3: said:

Hidden (Show Comment) 6 votes

261 days 18 hours ago...

In reality, the mathematicians at each investment made the math in the transfers more and more complicated, until a point where the banks and investors don`t really know how much they exactly lost because they can not perform the math backwards.

Hence the next buyer did not know what he was buying, and the one after that really did not know it was a ticking bomb; its like a game of hot potato pass it on... where all the players are getting ready to sue each other for fraud.

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mph_ragnarok : LVL 33: VP 4.2: said:

Hidden (Show Comment) 0 votes

261 days 17 hours ago...

And this is what im going to college for in 6 months at stern in manhattan ! can`t wait !!

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Trill : LVL 19: VP 2.8: said:

Hidden (Show Comment) 1 votes

261 days 15 hours ago...

good upload. i think the bankers simply made a firesale.

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APEXistud : LVL 31: VP 4: said:

Hidden (Show Comment) 0 votes

260 days 20 hours ago...

The financial company I worked for in 2004 predicted the Sub Prime market problem well in advance, but sadly it was pretty mucjh the only way you could buy a house in northern california.

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