The Long Johns discuss investment banking, London style, with points to the American mortgage market and Wall Street. Brilliant.
source
The Long Johns discuss investment banking, London style, with points to the American mortgage market and Wall Street. Brilliant.
source
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36 comments
so much truth wrapped up in a brilliant sketch, oh how i wish they were still here to make light of all the s**t in the world.
Almost a documentary
These two are just hilarious! 😅😅 😅😅😅 More greed than fear, the market rises! 👍👍👍👍🤞🤞
Damn I wish they could bring these skits back. RIP both Johns. Nothing changes, still the same God damn corruption.
How dare this duo expose THE TRUTH ???????
This is so close to the truth it’s only just funny. And today we’re doing the same thing all over again.
Should be part of investment training process, all true!
Comedy was funny back then…
I borrowed….well it was pushed up my nose…..£14,000 on a second mortgage. The Halifax staff girl who did it got a nice bonus but she knew by looking at my figures I was already at my limits of responsible debt. I went bust. Did the bank care? No. Because it was insured by the government. The bank did not lose. Get it? And I felt guilty because I got an IVA for that and 6 credit cards because the whole debt thing was like a snowball going down a hill. It gets bigger and you cant stop it. So you crash into the wall and you feel terrible. Well I dont now because I understand it. Listen up. The credit companies will keep stuffing g credit up your nose from one zero interest card to an another for 6 months etc. You pay the minimum on each card every month. The point comes when you cant anymore. But that's ok because the government WANT you in debt. They want you spending in the community. If you dont spend…the whole structure collapses. So the government agrees with the loan sharks….to keep shoving credit up your nose. They KNOW that a certain percentage will end up bust out. But that's ok because they are insured by the government against some or all the bad debt. They win…you lose. EVERYTIME. 😅😅😅 Clever game hey? Did you know that they want you indebt? Why? Because that's how they control you. I like watching off-grid folk in the USA who have said stuff the lot of you…bought a small van or a large camper… or a small holding and have inverters…solar panels….small generators in the flowing river… chickens….etc etc. They are happy. Not stressed with vile debt that's makes them I'll and smashes up marriages……Wake up. These parasites are wrecking peoples lives. Get wise. And I am not a communist either. But I'm not stupid 😢😢😢😢😢😢😢
Silicon Valley bank goes down and history repeats itself. "Except just this once"…
remember when we used to comment about Seinfeld ïts funny because its true, whats so sad is it applies to these guys
Bankers are like priests. They too sometimes have human instincts.
Truly Gifted and Inspirational Sadly Missed! ..RIP
I don't think the government liked this programme as it told the truth.
Credit default swap is basically one lender exchanging it's bad debt with another lender to avoid having to admit the money is irrecoverable, when really it doesn't even exist, and thus they can leave it on their balance sheet as an asset, thereby perpetuating the illusion that there is no bad debt.
RIP John Bird. i remember these. continuouse fraud we were deliberately never taught nor protected from. thank you for uploading
Superb.
Only one thing to say Superb!
Why… why are they taking about today? This is 11 years old.
"The Big Short" in a nutshell.
Genius..
It is easy to blame investment bankers but i blame governments bailing them and standard banks out putting the burden on the citizens..
Too close to reality to be funny IMO…
This is a much shorter, and a lot more satirical version of the same subject as the film The Big Short, which I recommend. As Ms McCarthy here in the comments said, we miss you, John Bird.
I saw John at bath theatre , such a talented man who mad us laugh and political humour.
I'd rather Brown had just guaranteed everyone's (People & Companies in the UK or pays taxes in the UK) mortgages and other debts for the next 5 years and allowing the Banks to work their shit out without any bonuses
The Two Johns were magnificent satirists …. the very best! ….alas sometimes satire hurts like hell …. right now it hurts like hell.
Now with this Biden administration , it's just like the Obama era of 2008. Just like groundhog day over and over again. We need Trump again. To give us peace and prosperity again.
As relevant today, yes. Superb comedy. How ironic. Just goes to show that whilst we sit around our "keep the masses happy and silent" boxes watching satire like this and feeling we've done our bit by watching it, the bastards have a free rein to continue being greedy, uncaring bastards. AND THEY ARE STILL DOING IT. Form a queue behind the guillotine.
So good. RIP namesake.
Nail On Head.
Other peoples money
brilliant! thank you.
Back in the dim and distant past when people understood satire. RIP John and John.
Nobody did biting satire like the two Johns. RIP.
RIP both Johns – will we ever see their like again?