The June 20th 2007 Bear hedge fund meltdown is old news, but that comedy routine is a valuable (if race tainted -- beware the UK family values) introduction.
America's largest mortgage company (Countrywide) has seen its stock drop 40 percent over the last week as a result of the subprime crisis and related problems.
Huge pocket-book hits are emerging from the sludge of this mess, and if "Joe 6-pack" becomes aware of this prior to Feb 5th it just might breath some life into the Paul campaign (enough to push him past Mayor Giuliani at least -- anything that annoys David Frum can't be all bad!)
Oops, wrong video (see "the last laugh" in "related"). Hadn't seen "crunchy" yet. Thanks!
Technical note: there's a problem with watching the YouTube, at least with FireFox. For some reason it works under google videos, though. Just search on the title "Its Credit and its crunchy" (sic)
Person, it's a 7-minute comedy routine from the "Bremner, Bird and Fortune" show from the BBC. It's an "interview" with "an investment banker" about the Northern Rock crisis and how the financial system functions in general. I'm not aware of any transcript available.
Interviewer: Can we talk for a moment about moral hazard?
Banker: I'm sorry, I know what "hazard" means but what was the other one?
Thanks, liberalrob. I think I already saw this and favorited it on my YouTube page. Is it the one with the exchange that goes something like:
Banker: But you miss the really brilliant thing about these hedge funds: the names!
Interviewer: Oh, you mean how they had strong brand-name banks supporting them!
Banker: No, I mean, the names of the hedge funds. Like this one: "High-grade structured leverage fund".
Interviewer: Oh yes, I like "high".
Ron Paul for President! Resuscitate the constitution!!
Transcription please.
The June 20th 2007 Bear hedge fund meltdown is old news, but that comedy routine is a valuable (if race tainted -- beware the UK family values) introduction.
America's largest mortgage company (Countrywide) has seen its stock drop 40 percent over the last week as a result of the subprime crisis and related problems.
Huge pocket-book hits are emerging from the sludge of this mess, and if "Joe 6-pack" becomes aware of this prior to Feb 5th it just might breath some life into the Paul campaign (enough to push him past Mayor Giuliani at least -- anything that annoys David Frum can't be all bad!)
Oops, wrong video (see "the last laugh" in "related"). Hadn't seen "crunchy" yet. Thanks!
Technical note: there's a problem with watching the YouTube, at least with FireFox. For some reason it works under google videos, though. Just search on the title "Its Credit and its crunchy" (sic)
Person, it's a 7-minute comedy routine from the "Bremner, Bird and Fortune" show from the BBC. It's an "interview" with "an investment banker" about the Northern Rock crisis and how the financial system functions in general. I'm not aware of any transcript available.
Interviewer: Can we talk for a moment about moral hazard?
Banker: I'm sorry, I know what "hazard" means but what was the other one?
Thanks, liberalrob. I think I already saw this and favorited it on my YouTube page. Is it the one with the exchange that goes something like:
Banker: But you miss the really brilliant thing about these hedge funds: the names!
Interviewer: Oh, you mean how they had strong brand-name banks supporting them!
Banker: No, I mean, the names of the hedge funds. Like this one: "High-grade structured leverage fund".
Interviewer: Oh yes, I like "high".
I don't think it's that one...this one was labeled "It's Credit and It's Crunchy." Tags: Finance, Credit, Wealth.