You're now on the archive server. Commenting has been disabled.
Courtesy of the great satirical duo of John Bird and John Fortune. Warning: British humor, yet oddly universal this time around.
Original FT link
Modern day Monte Python--these two are awesome!
+1, but I was thinking Spinal Tap...
Agree, I thought of Terry Gilliam.
Absolutely love these guys and have one of their great clips permanently at the bottom of my blog. They're comic geniuses!
"Show me a stupid risk and I'll take it."
Hellz yeah, me and this homie should hang out...
Those fixed interests markets are what I'm talkin' about
funny, for 1st 2 min. I guess Tyler doesn't have kids. I don't have time for 9 min unless there is a cum shot involved.
I have one.
"I have 4 houses and and I"M not HAPPY" LMAO, I just about spit my wine out on laptop. Thanks for sharing this TD.
So a chemist, an engineer and an economist are stranded on a deserted island. They carry with them some canned food but have no ordinary means of opening the cans. The chemist suggests gathering some wood and starting a fire and then holding the cans over the heat, counting on the expanding contents to burst open the cans. The engineer thinks it would be better to try smashing the cans open with some of the rocks lying around. The economist begins, "Assume we had a can opener..."
Any chance this might help the value of the dollar?
"No bank shall ever be allowed to fail again"
Let that roll around in there for a while.
Have truer words ever been said?
Great video... gotta love the proper British comedy...
....TGIF... please Goldman if you're reading this...rally tomorrow, i just bought calls on you....
Unscarred, Please don't share that story with any strippers.
No, definitely not. BUT... Stories that have come my way- like the girl who told me that she "has a friend" (because it absolutely was NOT her) that ended up being target practice for a few rowdies in the front row... Yeah, and they were firing their "guns."
These two are great---
Think about what's happening to interest rates on credit cards for those who carry balances.
Hmmmmmm WHY is it that a similar interest rate adjustment (to reflect very real risk) has not
yet found it's way to the mortgage market?
Is there not just as much if not MORE risk in that loan?
Coming to a mortgage broker near you -interest rate reality! Mark my words.
Interest rates in any normal market are a mechanism that regulates risk. How
in the hell is loaning money to someone to buy a house not more risky than a credit card right now?
How is it that rates on cards carrying balances are 15-30% -but house mortgages are 5% ?
The answer my friend is that YOU dear taxpayer are backing up the new mortgage -not the credit cards.
Banks who make loans on credit cards are taking those losses. Banks who make loans on houses will
see no losses -that rolls up to Fannie/Freddie/FHA/Fed Reserve/Treasury/Taxpayer. Pay up suckers!
"I'm not a gambler, unless of course it's with other peoples money"
Tyler, that was awesome. You are a class act.
Love the British touch.
Good night all.
There is more on youtube:
Make sure to check out their classic skit from last year's now "moved on" subprime panic.
Someone posted earlier, that the banks should pay back all the money owed the taxpayer .
Only don't pay back the government and say you paid back the taxpayer. I'm not falling for that shit. The government will just spend the money on white house pajama parties. Fuck that...IN MY BANK ACCOUNT ASSHOLE,,IN MY BANK ACCOUNT...
Now on to the next project
(Harrumph!) Yes, quite so. Almost choked on my bier und wurst.
Great humor Tyler ... rather spot on old boy, if you do say so.
I say, Tyler, give these chaps a ring up and see if they would do something just for ZH say on Goldman's....
KptLt. Laughing Swordfish
9er Unterseeboote Flotille
LOL, at least someone has a sense of humor these days. Nice post TD.
Commercial bank customers thought a bigger mortgage would get them a bigger house and that would make them happy. I have four houses and I'm not happy. WhoT!
BTW, who is that fellow that runs DB? HA!
"Show me a stupid risk and I'll take it!"
"I was making money out of stuff I didn't understand."
Spot on mate.
Yes--are they really Credit Suisse bankers?
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
Notice on Racial Discrimination.