funny wedding books novel amazon.com Wedding Chronicles Bob N. Boguslavski
News

View All Blog Posts

Bookmark and Share
Subject: Westport #94 - Subprime made easy for all
(Posted on Jan 30, 2014 at 12:07AM )
Tags:
Around the time of that mid September 2007 affair for Bob and Natasha, rumblings were emerging from the financial markets about all that global money crammed inside the US subprime mortgage market that was making financial institutions and hedge funds alike a fortune up until then. It was a massive feeding frenzy, and it was supposedly all bullet-proof safe, paying out high returns, and was endorsed by the brightest minds and leading lights in the industry. Yeah, sure.


Then we all saw what happened thereafter by the fall of 2008 when the crisis hit full on. Bob's chat over a drink with Tristan Alford, then at a purposely anonymous hedge fund, and a former colleague of Bob "The Banker," was tied to this. Tristan knew what was coming down the pike, and had the good sense to want to get out of Dodge while the getting was good to preserve some of his wealth, and keep that Mrs. of his happy with her high-end baubles, haute couture, and gal pal spa getaway weekends with her "Ladies Who Lunch" set, or LaWLu as Bob prefers. A great gig if you can get it!

Since that time, and the subsequent market meltdown, a lot of analysis, debate, and discussion has happened about the whole subprime crisis, and numerous books, TV shows and even movies have covered the topic 25 ways to Sunday.

This great little presentation is still one of Bob's favorites for explaining subprime to just about everybody and their dog in very simple terms. One can well forgive the couple of spelling errors with "traunche" (tranche) and Caymen (Cayman) Islands for the otherwise humorous insight.

This shorter animated piece is a little more serious, but also very good.


These two cats below, Bird and Fortune, also did a bang up job explaining it all with typical British flair and sophistication.


Alas, John Fortune passed away this past New Year's Eve, but he wasn't on the lads' DeathList 2013 roster.

When this single guy is out there hitting weddings all over the place, the topics of conversation aren't always just fluffy and funny. There's real other stuff going on out there that surfaces every now and again and is worth bringing to light.