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Packaging risk, not funny in retrospect

05 Oct

This is an old video clip of a British skit by John Bird and John Fortune. It does a good job of explaining what the heck a ‘hedge fund’ is, and how risk, when given a nice name and packaged well was so easy to sell upstream.

Not so funny now, since we are in a global financial crisis that could make ‘packaging’ as culpable as greed.

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