that were supposedly 65 percent AAA, were actually just, basically full of shit.

I'm standing in front of a burning house,

It's the second quarter of '07 is when our housing position shows returns

I think this is a housing development about forty-five minutes outside of town.

Now, we didn't find Jared Vennett's housing bubble pitch in a lobby of a bank that rejected us.

As the housing-markets and banks continues to hemorrhage, only one of the big shorts refused to sell.