Reading daily about write downs on Subprime related losses, now totaling some $45 billion, you may be wondering how this whole mess got started. How can it be that simple real estate loans have the power, when improperly used, to negatively affect some of the largest financial institutions in the world?
An anonymous reader submitted this hilarious video clip analyzing how a Subprime mortgage ends up as a SIV (Structured Investment Vehicle) on Wall Street. The British actors are superb in their interpretation of Wall Street investment bankers, and I like to thank the anonymous reader for submitting it so that you too can be exposed to Wall Street’s infinite wisdom.
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