Subprime Banking Mess (via YouTube) – John Bird and John Fortune (the Long Johns) brilliantly, and accurately, describing the mindset of the investment banking community in this satirical interview.

Now, above in the video, do you remember the words: Structured Investment Vehicle (S.I.V. or Conduits)? No? Okay, let’s now pass to a very brief and relatively more technical approach to it (as you will see it, reality transcends fiction) – CNBC via Youtube:

Care for more?