[youtube:http://www.youtube.com/watch?v=SJ_qK4g6ntM 400 330]

If you can spare nine minutes and want a lucid explanation of what’s been going on in the mortgage markets, British comedians John Bird and John Fortune explain it all in this video.

• The Long Johns – The Last Laugh – George Parr – Subprime [YouTube; via Paul Kedrosky’s Infectious Greed]