-
Daphne 2023-09-24 05:55:06
A variety of film skills are integrated into one, it is really...
-
Lonzo 2023-09-17 18:05:14
Confused all the way but very...
-
Verda 2023-09-16 22:03:04
The probability of a global financial crisis in the short term has been greatly increased. This wave is not an independent one, but the 2.0 version of the financial crisis in 2008. China, which took the top spot last time, will no longer be able to survive on its own. As a member of the shadow bank of the bubble blowing army, to a certain extent, I can understand the final feelings of several...
-
Joannie 2023-09-10 05:37:20
There are too many financial terms to...
-
Demetrius 2023-08-15 09:24:53
Inevitably: there is no original clear. The growth of several people; point and Morgan's relationship; ben's motivation; and why greg lippman was renamed? In the whole debacle, only one banker went to jail. Do you know why? Because this poor bastard deleted the...
-
Destini 2023-08-13 15:02:51
There are no eggs under the nest, but the seer has already waited to pick up the eggs and eat them, and finally said, "This egg is not...
-
Corene 2023-08-08 17:44:08
7.5/8 Mark has the fullest image. Personally, I like Ben the most. About the international event 10 years ago, I heard it from the newly-replaced political teacher in high school. After watching some documentaries and reports, I remember a few words Words: Money is like when the tide rises, it drowns all contradictions, and when the tide ebbs, it rolls away the bottoms; the financial market is like eating human blood and steamed bread. Behind the sudden riches are the screams of more homeless...
-
Meagan 2023-06-24 11:46:15
Pretty cool, this subject is really not good to...
-
Zion 2023-05-07 03:06:08
"no one pay attention" The end of following the trend is that you don't know how you died, just like in a group of people, there are always people who are behind and leading, but the most blind ones are those in the...
-
Keagan 2023-03-28 10:01:22
Surprisingly good looking! It produced a unique rhythm and style, and the flickering light comedy flavor is also very interesting - of course, sometimes too much ridicule weakens a little depth and reflection, and it is difficult to balance the two. The ending part is a bit of an elegant finale, and the emotion and sensationalism are somewhat insincere. Overall this is a...
The Big Short Comments
-
Alta 2022-03-24 09:01:14
"Big Short"-Bubbles, finance and the subprime mortgage crisis. Reposted from http://i.mtime.com/dresslessleep/blog/7938159/
The script of "Big Short" is derived from the famous American financial journalist Michael Lewis's book The Big Short of the same name. If literally translated, it should be "a large-scale short-selling operation." This is undoubtedly the most exciting moment in the hedge fund industry. Michael...
-
Teagan 2022-04-19 09:01:16
professional for me
"You're betting against the U.S. economy, which means that if we bet right, people will lose their homes, their jobs and their retirement savings, and their pensions. I just hate banking that reduces people to ratios and numbers, and unemployment. For every 1 percent increase in the rate, 40,000...
-
Michael Burry: Lawrence, I found something really interesting.
Lawrence Fields: Great, Michael. Whenever you find something interesting, we all tend to make money. What stock are you valuing?
Michael Burry: No stocks. I want to short the housing market.
-
Michael Burry: I want to buy swaps on mortgage bonds. A credit default swap that pays off if the underlying bond fails.
Goldman Sachs Sales Rep (Lucy): You want to bet against the housing market?
Michael Burry: Yes.
Goldman Sachs Quant (Deeb): Why? Those bonds only fail if millions of Americans don't pay their mortgages. That's never happened in history. If you'll forgive me, Dr. Burry, it seems like a foolish investment.
Michael Burry: Well, based on prevailing sentiment, the market, the banks and popular culture, yes, it's a foolish investment. But, everyone's wrong.
Goldman Sachs Sales Rep (Lucy): This is Wall Street, Dr. Burry. If you offer us free money, we ARE going to take it...
Michael Burry: [interrupts her] My one concern is that when the bonds fail I want to be certain of payment in case of solvency issues with your bank.
Goldman Sachs Sales Rep (Lucy): I'm sorry, are you for real? You want to bet against the housing market and you're worried WE won't pay YOU?
Goldman Sachs Quant (Deeb): [confers, whispering with colleage, in a lengthy sidebar] Dr. Burry, we could work out a pay-as-we-go structure that would pay out if the bonds fail. But it would also apply to your payments if the value of the mortgage bond goes up, You'd have to pay us monthly premiums.
Goldman Sachs Sales Rep (Lucy): Is that acceptable, Dr. Burry?
Michael Burry: Yes... yes. I have prospectuses on the six mortgage-backed securities I want to short.
Goldman Sachs Quant (Deeb): [Lengthy silence as the Goldman reps scan and review the thick booklets] Dr. Burry, these should be fine.
Goldman Sachs Sales Rep (Lucy): We're prepared to sell you five million in credit default swaps on these mortgage bonds.
Michael Burry: Could we make it a hundred million?
