South Park Explains the Credit Crisis
April 7, 2009 by VideoCreditScore-Andy
Filed under Credit News
South Park did a great bit on the credit crisis….”and it’s gone”. The continuation of this episode can be found via this link http://www.breitbart.tv/?p=305583
Stan first tries to deposit money in his bank and it’s gone in a few seconds. Next, he tries to return a Margaritaville which was purchased by his dad who is a victim of mindless consumerism.
Once at Sur La Table, he learns that he’s not “abla” to return it. He learns that the Margaritaville mixer was purchased on a finance plan, so he goes to the big Orange finance company to get a refund. The Orange finance company explains the securitization of Margaritavilles. There, he’s directed to Wall Street.
The wall street guy explains he must go to the Treasury to get his answers. By consulting the chart, the Margaritaville is given a value of $90MM which Stan knows is ludicrous.
The sketch ends with a decision around what to do about another insurance company that’s going under. The solution: Bailout.
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I saw this episode and found it hysterical, especially the way people started treating the Economy as something God like. There was one camp saying that we have incurred the wrath of the Economy by spending too much and that only by NOT spending the economy would come around. This same group had their children play with squirrels because they did not want to buy toys for their kids. Of course it was Stan that came to the rescue by saying to have some faith in the Economy.