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The Long Johns on the moral hazard of the banking bailout

submitted by wagdog
1 decade 6 years 1 month 2 weeks ago

A clip from Bremner, Bird, and Fortune - Silly Money (aired 2nd Nov 2008, Channel 4, UK)

John Bird and John Fortune perform a hilarious sketch explaining why governments were so eager to reward reckless behaviour by investment banks through deregulation, low taxes, and now a bailout package.