Explaining the Subprime Mortgage Meltdown

It remains uncertain exactly how bad the things will get in the near term, but it is clear that the weakening dollar, massive deficit spending to fund the Iraq War, and the subprime mortgage crisis are all chewing like termites on the structural integrity of the American economy. Driven largely by a widening gap in wealth between the richest and poorest Americans that has seen credit-worthiness among even the highest earners plummet, the size and extent of the ripples from the greed, irresponsibility and outright foolishness endemic to George W. Bush's America have yet to be fully uncovered.

So, with that dire statement, it seems like a perfect opportunity to enjoy some humor on the subject, even if it is of the gallows variety. (I promise, it's not the unintentionally hilarious writings of Thomas Sowell!) Below is a clip from the BBC's award-winning program Bremmer, Bird and Fortune, featuring John Bird and John Fortune in a mock interview that is both painful and very funny. While we have bright spots like Stephen Colbert, for my money, no one produces acerbic wit more consistently than the Brits. Enjoy!