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The subprime mortgages that caused the credit crisis explained

Subprime silliness, nailed by two comedians back in 2007. (As opposed to being explained by the comedians who came up with sub-prime and were still defending it back then.)

For non-UK readers, the chaps in the video are the always excellent Fortune and Bird, who often speak more the truth in their rambling obfuscations. MBEs ahoy, I say!

The BBC has ran a more serious explanation of subprime mortgages in easy-to-get diagram form, if you’d like to know more. Or go back to the funnies with this Seven Sins sub-prime meltdown summary.

{ 2 comments… add one }
  • 1 Rufus November 18, 2008, 9:40 pm

    Bird and Fortune should ditch Rory Bremner and go it alone. Or get a job in banking!

  • 2 SJ2021 November 18, 2008, 9:48 pm

    not as funny as the daily show! go john stewart FTW!

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