subprime documentary worth watching...

phaster · Heavy Crude Joined: Jul 15, 2007 Posts: 175

with the bail out of bear stearns by JPM and subprime now in the public lexicon, ya all might find this foreign news report interesting (that is 6 months old)

http://www.abc.net.au/4corners/content/2007/s2032799.htm

see the "Video on Demand" link to watch the report, just wish I had
shorted the stock back then when it came up on one of my screens, could have made a few extra bucks, oh well there are always other investment opportunites
_________________
"I'm 100% sure that unsustainable conspicuous consumption of natural basic resources will eventually lead to a proverbial hell on earth for those people who get stuck with the mismanagement mess of mankind not being stewards of the environment!"

efarmer · Heavy Crude Joined: Mar 17, 2006 Posts: 487

http://www.youtube.com/watch?v=SJ_qK4g6ntM

is a very funny and yet factual explanation of subprime

it does contain an unnecessary racial jab that must somehow
be OK in English television but that we enlightened Americans
would wisely replace with gruesome violence or sex to make
acceptable for all audiences.

MrBill · Expert Joined: Sep 15, 2005 Posts: 5394 Location: Eurasia

Yes, I love that video. Brilliant! ; - )
_________________
The organized state is a wonderful invention whereby everyone can live at someone else's expense.