Filed under: Housing

I can’t believe I didn’t see this until this day. This is by far the ideal explanation of what went wrong in subprime — British satirists John Fortune and John Bird conduct a mock interview explaining subprime, CDOs, SIVs, etc. Who needs Harvard Business School case studies when you have this?

This clip should be shown at Congressional hearings.

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This entry was posted on Thursday, February 14th, 2008 at 7:52 pm and is filed under Housing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.