John Bird and John Fortune - a British duo dubbed "The Long Johns" - are seen here brilliantly and accurately describing "the mindset" of the investment banking community in this satirical interview.
Repeatedly over the past number of months we've heard various claims from politicians, financial reporters and bank CEOs - when questions are posed regarding why all our "protected" retirement funds have been evaporating during this great "credit crunch" - all basically come down to: "We didn't see it coming."
If that's so, how did these two COMEDIANS see this great "meltdown" coming, way back in the summer of 2007 during the sub-prime mortgage financial crisis?
If you go to the source of this on You Tube and click on "more info" on the upper right side you can read some economist's explanation behind all this - but I like the Long Johns' better. (Don't miss their final line!)
-Clair
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