Confused?

[dwenius]

These two gentlemen will set you straight on just what, exactly, this whole sub-prime lending thing is all about.

Wait through the 20 or so seconds of setup.

Comments

[kernelpanic.livejournal.com]

Nice. LJ flagged this as "adult only" content. I had to tell them I was over 14yrs old.

[dwenius.livejournal.com]

Hm. I set the journal default to "no adult content" and the web entry form picks up the default. Or it should. Lemme check that out, thanks for the note.

[louiseroho.livejournal.com]

It may be true, but I wish they hadn't added "black" between "unemployed" and "man" in the description of the composition of hedge funds.

[dr-strych9.livejournal.com]

Yes, because— sadly— the problem is really that we're all subprime now.

[waider.livejournal.com]

I've seen these two before on Bremner, Bird and Fortune, a political/current-affairs satirical TV show that airs on one of the UK channels. Bremner of the title is Rory Bremner, whose shtick consists primarily of doing impressions of politicians. Generally good recognisable ones, too. But the Bird and Fortune interview setpieces are almost always gems.

[glaucon.livejournal.com]

they left out the bit about the managers at the lending banks getting a big commission on every loan they issued, even bad ones, but no reward for denying bad loans. and no punishment of any kind for anything at all.

and most of the management being drawn from the sales side rather than from underwriting or risk management.