First comes the pain; then come the jokes

From the Financial Times:

10 reasons Titanic was actually a subprime RMBS

1. The downside was not immediately apparent
2. It went underwater rapidly despite assurances it was un-sinkable
3. Only a few wealthy people got out in time
4. The structure appeared iron-clad
5. Nobody really understood the risk
6. The disaster happened overnight London time
7. Nobody spent any time monitoring the risk
8. People spent a lot trying to lift it out of the water
9. People who actually made money were not in original deal
10. Despite the disaster, people still went on other ships