John Bird and John Fortune explain how and why the subprime crisis has come about. These two guys usually do satire, but in not in this case. As Nassim Nicholas Taleb explained in his Black Swan book, banks are full of fucking idiots who pretend to be clever in order to take massive risks with someone else’s money. If someone wears a tie and tells you he knows what to do with your cash hit him very hard in the mouth. With a brick. Or stab him in the neck with a pencil. Or tie him to a chair and urinate on his face and only stop if he’s enjoying it.