Kaid Benfield Archive


The housing bubble and financial crisis explained, by Stephen Colbert

Kaid Benfield

Posted February 22, 2010 at 1:25PM

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OK, this is seriously hilarious (if also shivering).  Courtesy of Matt Hersh on Rooflines, the blog of the National Housing Institute, here's Colbert on the whole mess.  Homeowners should honor their mortgages because “your honor was so precious to the banks that they bundled it with other people’s honor and sold it to Wall Street honor speculators.”

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