Credit Crunch: The Prequel

Originally posted: October 16th 2008.
John Bird and John Fortune have been lifting the lid off society's pretensions and weaknesses since the late Sixties. In 2007 they recorded this astoundingly prescient 'chat' about the business of the money market. Bird even mentions"sub-prime" in passing, a term which most of us had never heard until the news media began repeating press releases about the US mortgage market in August/September 2008.
https://www.youtube.com/watch?v=UC31Oudc5Bg&index=22&list=PLEF3C3F87A48C78D6