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Jun26
Bird and Fortune – Subprime Crisis
Filed under: Banking; Tagged as: bear, bird, Bremner, credit, crisis, Enhanced, fortune, fund, High-Grade, leverage, sterns, Strategies, Structured, subprime25 CommentsJohn Bird and John Fortune (the Long Johns) brilliantly, and accurately, describing the mindset of the investment banking community in this satirical interview.
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25 Responses to “Bird and Fortune – Subprime Crisis”
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marestrum June 26th, 2010 at 1:25 am
@Megamotzer .
absolutely! -
Megamotzer June 26th, 2010 at 1:25 am
simply brilliant!!
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dlowrey3333 June 26th, 2010 at 1:25 am
Funny! For more humorous, yet good, financial advice, check my site. “The Hedge Song”
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bonnarj7 June 26th, 2010 at 1:25 am
Oddly enough, a mathematical technique recently invented for drug design research could be used to build analytical models of the markets from numerical data. These analytical models could be used to stabilize the markets so that something like this would never happen again. Check out the page Evolution of Mathematical Expressions from Numerical Data Sets.
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edvinforex June 26th, 2010 at 1:25 am
no Risk investment program,check it out!
edwinforex[dot]com
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Emo94black June 26th, 2010 at 1:25 am
Just Cause Two has ingested every last neat portion of a game, and packed it straight into the greatest game ever before! If you actually want to play it for free rather than having to pay money for it, only visit to JC2DownloadXcom (replace X with . ) .
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Weltgeist13 June 26th, 2010 at 1:25 am
“very sharp & sophisticated ppll, very intelligent” lol
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ducksoup2007 June 26th, 2010 at 1:25 am
@dslcobra yes and now the hyper power that was America is going to be playing seound phildel to P.R.C and India i am not anti America but this is the shape of things to come i have visted china and india and seen it with my own eyes and it all happend while bush was in power to my knowlege bush jr
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eliasmouawad June 26th, 2010 at 1:25 am
Search for
“MARC FABER MADNESS” -
illdawg1234 June 26th, 2010 at 1:25 am
ahahahaha
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bilaczenko June 26th, 2010 at 1:25 am
Solami pirates say they are subsidiaries of Goldman Sach
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dslcobra June 26th, 2010 at 1:25 am
@jaguarclaw
It wasn’t just mortgages. It was trillions of dollars of IMAGINARY MONEY based on CREDIT/MORTGAGE debts. George W Bush ran 2 wars while giving tax cuts (to keep us pacified) and used CREDIT LOANS to imitate ECONOMIC GROWTH.
There was no GROWTH. It was really SHRINKAGE of the job market and our assets.
When is someone gonna stand up and say this out loud? All America has been doing is transferring its wealth and jobs to CHINA AND INDIA.
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dslcobra June 26th, 2010 at 1:25 am
@jaguarclaw
Well Peter Schiff never answers the toughest question:
“what happens when you ened the welfare state and everyone who was on it becomes homeless”.
Those idiots Schiff and Ron Paul are campaigning for a ideology and a capitalist utopia that are fantasy. Truth of the matter is, FREE MARKET CAPITALISM will KILL AMERICA. America can’t compete with the 1 Billion plus slave labor from Asia.
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jaguarclaw June 26th, 2010 at 1:25 am
@dslcobra Ron Paul and Schiff just blame all problems on too much government or low interest rates. They never place blame on criminal activity, a hijacking of government or the tool that allows casino phoney capitalism possible. The Derivatives! Ron Paul is illumimati, his role is to appear on your side and lead you astray. I have never encountered one Ron Paul supporter who can explain to me what problem a gold standard will solve.
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jaguarclaw June 26th, 2010 at 1:25 am
I’m sorry but a bunch of crappy mortgages didnt bring the world financial system down. The real reason for the massive losses was derivatives, or bets that house prices would rise forever. Its basically a form of do it yourself insurance withought proper regulation.
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dslcobra June 26th, 2010 at 1:25 am
@farforathreem
These guys were better than Peter Schiff and Ron Paul combined.
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farforathreem June 26th, 2010 at 1:25 am
looooooooooooooool hahahaha comedians expecting the financial global crisis!
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RuflessRecords June 26th, 2010 at 1:25 am
@JP2times2007 I don’t agree, we broke the records for all time home ownership in the 2000’s so we had more than ever before. Pre 1970, home loans were based on ability to repay and creditworthiness, not misguided sympathy for people who didn’t qualify.
I don’t know if there’s any good way to set up a charity to help people buy homes, too lengthy time to repay, and too big of a loan
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JP2times2007 June 26th, 2010 at 1:25 am
@RuflessRecords
I think you are missing the point about what made wall st as dynamic as it is today. The history of US finance is about banks integrating working and poor people into financial markets. Its true of early farmers as it is of the rust belt laid off workers who maintain their living standards by using credits and borrowing against mortgages. Sure people took on debts they couldnt afford – wall st took on debt they couldnt afford either. The US Tres is old bankers not poor people. -
themagicofcoupons June 26th, 2010 at 1:25 am
funny
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themagicofcoupons June 26th, 2010 at 1:25 am
this is different
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kibk8al June 26th, 2010 at 1:25 am
These guys are brilliant! Have they done new stuff more recently?
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tristramshandy3 June 26th, 2010 at 1:25 am
It’s just amusing (and alarming) that at a time when the republic just got royally sodomized by the financial sector on wall street- millions of middle class and poor americans (who watch fox entertainment channel and mistake it for news) are worried about the communist threat.
This is how corporate media distorts and destroys society.
Have a nice day.
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RuflessRecords June 26th, 2010 at 1:25 am
shouldn’t have used the word Commies, you’re very sensitive about it
yah Goldman Sachs promised me free overdraft charges for 3 months if I posted this…
when I add that to the oil barrels I get in the mail from Exxon, I basically have it made
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tristramshandy3 June 26th, 2010 at 1:25 am
bankers aren’t commies- they are greedy capitalists- and THEY are the largest threat to our republic today.
On some level- I know you can see that.
But hey, if you want to travel back to the 50’s and yell at the red menace, go right ahead.Goldman Sachs should send you a fucking thank you card though

