HOT
APP
STORIES
QUIZZES
DISCOVER
MEMES
EMOJI
More
CREATE STORIES
DAILY
DISCOVER
PHRASES
NUDGE CLIPS
CONTENT REQUEST
LOGIN
HOT
APP
STORIES
QUIZZES
MEMES
EMOJI
STORY
DAILY
PHRASES
DISCOVER
NUDGE CLIPS
REQUEST CONTENT
×
Tasty Mystery Baskets of Clips
You have a great day!
Wow! -So as you can see,
Ratings agencies, the banks.... the fucking government?
that these mortgages bonds
Can we make it 90%?
Of course! We're doing 30 million right now.... eh...
Would you still buy more?
She wrote back...
I'm not gonna burn my reputation on your wild hunch
Trust
-huh, What?
Chris
What's ABX? -It tracks sub-prime mortgage bond value. -Go back to sleep!
but sub-rime bonds, which are made up of sub-prime loans, are more valuable?
How much money could be out there betting on it
When it’s 3-0 Houston And Frank isn’t concerned
We're prepared to sell you 5 million in credit default swaps on these mortgage bonds.
The bonuses on those skyrocketed a few years ago
what's Brad Pit's next line?
Seeds are gonna be the new currency!
Let's not talk about my Servers by the way
I'm glad you still have a sense of humor! I wouldn't if I were you!
So get this....
Brother, I would sell you as much as you want!
The largest bank in France froze it's customer's money-market accounts today
Baum!
I NEVER HUNG OUT WITH THESE IDIOTS I HAD HUMAN RIGHTS FRIENDS
Guys?- We hear ya, Yeah!
Yeah, I just had to wire Bear and Deutsche seventy thousand dollars
You think I'm a parasite don't you mister Baum?
How are you fucking us?
Listening!
Oooh, I'm under no obligation to share that information with you, whoever you might be.
and even fucking Morkovia blew us off! - I know man!
Listen, I've been reviewing your position
Great!
Exposing your pain is like bleeding near sharks
Holy shit!
-No, i eh....
for you just to leave them the fuck alone.
They will begin to fail
I don't know why, maybe it just came out,
That way you'll only put down like five percent
If your appoint makes money for Mark and Sally I'm happy!
Thats my ARCH
then the bond department at the bank was straight up comatose.
Titans… No!
I don't think they even know what they've made
Good question!
These people just want homes, and they go with the flow.
̷F̷A̷S̷H̷I̷O̷N̷ HUMAN RIGHTS FRIENDS
So yes I stand by my SVB optimism!
The housing-crisis represents the greatest financial opportunity
Then they go to another bank
Let's Not Talk about my margins by the way
Well Brownfield has it own... money...
Now this, is the first synthetic CDO
OK
Did you know... They're going up!
You get the sundae!
...saw it by doing something you suckers never thought to do : I looked.
Their strategy simple and brilliant.
Well, yeah he is over 90 days delinquent
I read them!
We need to gonna have to break up the banks
That these mortgage backed securities
This isn't how I pictured it
I'm Jacked!
and they saw it by doing something the rest of the suckers never thought to do.
I don't know how to ... work people..
Dr Burry, these should be fine!
No obviously if you're buying B's you could make more money.
I know you've been hearing rumblings about some losses Morgan has suffered.
I can't hate him. He is so transparent in his self-interest that I kind of respect him.
Now Everybody wants tankers Tankers are now the most popular product on the street
It looks like someone just hit a piñata that was filled with white people who suck at golf
We have no confidence in your ability to identify macro-economic trends.
On all my loans?
Randall? Bullshit!
I am sad every day about what happened.
Look, i don't think you mean to do this, but eh..
CDO A, has parts of CDO B
big banks suck it
That is fucking crazy!
I don't think i can do this anymore..
30 days late...
No Alex. No..... Sorry!
You're selling ratings for fee's
HUMAN RIGHTS
Mark Baum
Education, religion
-We do, eh... different projects we do gardening, we do
Forty million against the Double-A
Have a good one guys! -Thank you Chris!
I may have been early, but I'm not wrong!
And if they rise to eight percent... and they will!
This is Wall-street Dr. Burry, if you offer us free money, we're going to take it
A CDO of a CDO!
Two-hundred percent?
Singing a different tune now, aren't they?
OK?
We all know about bonds....
And I read about it, in Grand Central's trade observer.
That's cool, that's alright with me!
Maybe later.
don't do that! Stop, Stop!
It took me years to build my relationships on Wall-street
Momentum trader, short seller I like to make money...alright
Chris....
Right?
He wanted to short housing bonds? - Hmmm
-You want to bet against the housing market? Yes
What Are You? Four?
Jared Vennett, from Deutsche, sounded very sketchy. -Sounds like a douche-bag.
No-one trusts you!
Es una oportunidad
The guy with all the good ideas.
Ofcourse i'd buy more, why not?
Every crappy levels of the bond i don't sell... i throw into a seafood stew.
Into a person,
Yu Darvish…..Dogshit!
Letting them know that the.. the....
I didn't realize that there was anything to manage with CDO's
It's not so enjoyable
They call me Bubble-boy.
Absolutely... Absolutely, we can!
Dogshit wrapped in catshit
it's housing... housing is always stable... low-risk.
You're David!... David.... Great!
̷F̷A̷S̷H̷I̷O̷N̷ HUMAN RIGHTS
Yes you can answer that, because...
Lol racist
Well?
Do you represent the investors or Meryll-Lynch?
No, he's on vacation with his wife's family! They're in England!
I get the cherry.
Take a guess!WI don't
Guys? -Yeah, we're here, can you hear us?
It really makes me hate you!
Up Up up!
They're brilliant! Worthless, total crap!
The fact is
and people thought they would never go down!
It's the same thing! It's the same thing Mike!
Mister Baum, I am not, no!
NatGas
Are you done?
Just let him is what i think
God i pulled a muscle in my back from yelling
Shaun talking to his team this morning
You're like D- D- Dora the Explorering, you're the first person who has found this...
But......
Right?
Yeah, but what about our clients, they've been trusting us with their savings.
But hey, before you go... I'm just wondering...
It's only a matter of time before someone else sees this investment, we have to act now.
You're praising the swaps, like the bond is gonna collapse
They have a Nobu now
Good!
It's a pretty ugly table guys
Later Baum started his own fund on Wall-street.
What exactly is the credit-rating on this bond?
Fuck you!
The market is in an itsybitsy little gully right now
I'll buy twenty million! -Oh come on, live a little!
No-one is paying attention.
Then this guy, walks into my office and says:
Whatever you say Mark
<whispers> the market on housing is never gonna crash
What did you just say? That is fucking crazy!
IT'S JUST A GULLY NOTHING TO WORRY ABOUT
Cause if you're a banker you can fuck right off!
They chose it because it seems authoritative...or familiar!
Institutions treat these CDO's like they're as solid as treasury bonds.
Will you listen to me!
Opportunity
O, motherfucker!
I have a feeling, that in a few years, people are gonna do, what they always do when the economy tanks.
-I don't talk about that!