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The best explanation of the subprime mess I've ever seen!

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I can't believe I didn't see this until today. This is by far the best 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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Last updated: July 06, 2009: 02:58 AM

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