Video from down under on the US housing crash and subprime meltdown. Love the accents.
Ha-choo! Oh, sorry, was that the US catching a cold?
Only issue I have is that people think that subprime and Alt-A liar's loans went to "dodgy" or poor people. Memo to world: These loans also went to flippers, liars and conmen who gamed the system, stole the money, and have happily walked away, with hedge funds, China and retirees holding the bag.
hat-tip to the always spot-on housingdoom blog for the video
