- This topic has 32 replies, 7 voices, and was last updated 16 years, 6 months ago by
stansd.
-
AuthorPosts
-
November 5, 2007 at 5:49 AM #95810November 5, 2007 at 5:49 AM #95818
4plexowner
ParticipantThe video is hilarious – two brits talking about financial products – very tongue-in-cheek and done with straight faces
They explain how modern financial products start with a loan of a few thousand dollars to “an unemployed black man sitting on a crumbling porch somewhere in Alabama in his string vest”
They then go on to explain how this loan becomes an investment grade security
November 5, 2007 at 9:56 AM #95876bsrsharma
ParticipantThe Brits are so un-PC; this BBC News article on Cleveland even goes so far as to suggest a correlation between subprime loans, foreclosures and “Black areas”:
November 5, 2007 at 9:56 AM #95936ParticipantThe Brits are so un-PC; this BBC News article on Cleveland even goes so far as to suggest a correlation between subprime loans, foreclosures and “Black areas”:
November 5, 2007 at 9:56 AM #95943ParticipantThe Brits are so un-PC; this BBC News article on Cleveland even goes so far as to suggest a correlation between subprime loans, foreclosures and “Black areas”:
November 5, 2007 at 9:56 AM #95950ParticipantThe Brits are so un-PC; this BBC News article on Cleveland even goes so far as to suggest a correlation between subprime loans, foreclosures and “Black areas”:
November 5, 2007 at 2:45 PM #9601934f3f3f
ParticipantThe NY Times last Sunday reported that subprime lenders were more active in black and Hispanic areas. For example, in Dallas the top five lenders to blacks were all subprime mortgage companies, whereas for whites they were banks. One reason given for this is that there aren’t so many banks is black neighborhoods. Another reason is that brokers actively sought out borrowers in those areas to refinance in order to release equity to pay other debts.
Irony, satire, or parody are all hallmarks of British humor, and is sometimes difficult for others to understand. The clip is typical of this brand of humor in that it juxstaposes harsh reality with understatement or seeming frivolity. Although many may see this as sneering, it is more to do with political or social comment. Perhaps humor makes it more palatable, or draws the attention of otherwise disinterested parties.
Incidentally, the UK housing market is starting to downturn and I wouldn’t be surprised if “dodgy” loans aren’t part of the undoing there.
November 5, 2007 at 2:45 PM #96081ParticipantThe NY Times last Sunday reported that subprime lenders were more active in black and Hispanic areas. For example, in Dallas the top five lenders to blacks were all subprime mortgage companies, whereas for whites they were banks. One reason given for this is that there aren’t so many banks is black neighborhoods. Another reason is that brokers actively sought out borrowers in those areas to refinance in order to release equity to pay other debts.
Irony, satire, or parody are all hallmarks of British humor, and is sometimes difficult for others to understand. The clip is typical of this brand of humor in that it juxstaposes harsh reality with understatement or seeming frivolity. Although many may see this as sneering, it is more to do with political or social comment. Perhaps humor makes it more palatable, or draws the attention of otherwise disinterested parties.
Incidentally, the UK housing market is starting to downturn and I wouldn’t be surprised if “dodgy” loans aren’t part of the undoing there.
November 5, 2007 at 2:45 PM #96088ParticipantThe NY Times last Sunday reported that subprime lenders were more active in black and Hispanic areas. For example, in Dallas the top five lenders to blacks were all subprime mortgage companies, whereas for whites they were banks. One reason given for this is that there aren’t so many banks is black neighborhoods. Another reason is that brokers actively sought out borrowers in those areas to refinance in order to release equity to pay other debts.
Irony, satire, or parody are all hallmarks of British humor, and is sometimes difficult for others to understand. The clip is typical of this brand of humor in that it juxstaposes harsh reality with understatement or seeming frivolity. Although many may see this as sneering, it is more to do with political or social comment. Perhaps humor makes it more palatable, or draws the attention of otherwise disinterested parties.
Incidentally, the UK housing market is starting to downturn and I wouldn’t be surprised if “dodgy” loans aren’t part of the undoing there.
November 5, 2007 at 2:45 PM #96095ParticipantThe NY Times last Sunday reported that subprime lenders were more active in black and Hispanic areas. For example, in Dallas the top five lenders to blacks were all subprime mortgage companies, whereas for whites they were banks. One reason given for this is that there aren’t so many banks is black neighborhoods. Another reason is that brokers actively sought out borrowers in those areas to refinance in order to release equity to pay other debts.
Irony, satire, or parody are all hallmarks of British humor, and is sometimes difficult for others to understand. The clip is typical of this brand of humor in that it juxstaposes harsh reality with understatement or seeming frivolity. Although many may see this as sneering, it is more to do with political or social comment. Perhaps humor makes it more palatable, or draws the attention of otherwise disinterested parties.
Incidentally, the UK housing market is starting to downturn and I wouldn’t be surprised if “dodgy” loans aren’t part of the undoing there.
November 5, 2007 at 6:52 PM #96074cr
ParticipantIt’s funny because it’s true.
November 5, 2007 at 6:52 PM #96137ParticipantIt’s funny because it’s true.
November 5, 2007 at 6:52 PM #96143ParticipantIt’s funny because it’s true.
November 5, 2007 at 6:52 PM #96152ParticipantIt’s funny because it’s true.
November 5, 2007 at 7:37 PM #96082stansd
ParticipantThat’s hilarious…best explanation I’ve heard of the current situation yet…very smart.
Stan
-
AuthorPosts
- You must be logged in to reply to this topic.