The banking crisis in the USA and the UK

Greg Mankiw – a professor of economics at Harvard University has this great piece, which I publish from Youtube straight here. John Fortune and John Bird have other great pieces, too. Check them out. The top one is about the US real estate market crisis, the bottom one – for the UK banking crisis. They are really good.

Watch the bottom one at the end about the moral hazard 🙂

As Wikipedia says about the show, Bremner, Bird and Fortune,

The show is almost entirely political, but in recent series different genres of sketches have been introduced. The programme features regular stand-up impressionism sections by Bremner.

Another feature are interviews between Bird and Fortune, one of them normally as George Parr, a man in a government position or a businessman, who always tries to avoid the question asked.

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