The Big Short (2015) - Mark Baum (Steve Eisman) Meets a CDO Manager [HD 1080p]

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1. That CDO manager is morally bankrupt.
2. Best scene in the entire movie
3. Good...next big hole under the seat are Automotive financials wrapped up in prime bonds that have dogshit as a base. It's happening again buddies. (and I have 80K Short CWs against the market). Cheers.
4. My favourite line in the whole movie was "Short everything that guy has touched !" + steve carrells expression of disgust was so authentic..i felt it ! i fell down laughing so hard i hurt my ass ! Steve Carrell is so bloody awesome in this scene and in the movie.
5. Fuck Michael Scott is pissed
6. that asian dudes character is the type of guy that would see a starving person begging for food and not bat an eye but just laugh or see others suffer and giving a shit while sitting in his mansion.
7. And this.....this....is the mentality of the common American - wealth is good, mediocre incomes are unacceptable. Therefore, do ALL THAT YOU CAN to get what YOU want and leave everyone/everything else behind. The problems all around you are someone else's problem. And thus....financial ruin was spawned.
8. "His face is starting to boil. Looks like the bad guy from doom" lmao
9. 0:18 the real solid gold asshole, aka wing chau was hit with a $3 million fine for his corruption at harding advisors, llc. funny story: his firm made about $3 million in sale commissions every 1 to 2 months.
10. Of course a crash like this will happen again. There are always going to be bankers like Jared that work directly for the bank but understand whats going to happen, and then profit off of it. And there will always be guys like the CDO manager who can sell and manage hundreds of millions worth of assets but assume literally 0 risk as long as they work under the bank. Thats whats wrong with society, most people would take the opportunity to profit immensely even if it meant the rest of civilization fails. And they'd do it 100% of the time.
11. After all this, only 1 single banker went to jail. That Credit Suisse guy.
12. The way Mark said "that's hilarious" with a straight face killed me.
13. heres the thing i dont get with the selena gomez thing. They are all sub betting but theyre basically all betting on the same thing, her winning the hand. Is this just an example or is it to show that banks were giving insurance bonds out at higher risk to stupid or desparate people who didnt know what the original 'bet' was? This film interests me so much
14. There's been a study published recently that the hot hand fallacy might actually be real.
15. The CDO manager selects the dogshit then wraps it in catshit called the CDO then the insurance market betting on the actual underlying catshit wrapped in dogshit is AAA rated and is 20 times larger and assuming it will only go up. CDO manager sells the shit knowing it is bad to his clients and walks away with Fat fee with no stake in its actual performance
16. "His face is starting to boil, he looks like the bad guy from Dune..."
    
    LMAO
17. Thanks to people like the above CDO manager, Merrill Lynch is no longer an independent firm, it got swallowed up by Bank of America. Morgan Stanley was on the same path when TD-Price Waterhouse intervened. But they had no interest in buying the company. It worked out well for Morgan Stanley. When the majority stake in MLSE was sold by The Teacher's Pension Fund, TD could not broker the deal, conflict of interest. Morgan Stanley got the plum instead.
18. Look, in 2005 the banks sold over $500 billion in sub-prime loans. Sub-prime is crap. When the banks couldn't sell anymore, they bundled the Credit Default Swaps "one-eyed" Mr. Burry was buying and put THEM into CDOs. Yep. It's true. Then they got AIG to insure about $20 billion of the CDOs for a fee of a few million a year. That exposed AIG if the economy went south. Right before the collapse, nobody could tell what was in the CDOs anymore. It's true. They, the banks, exposed themselves to what some would say is trillions of dollars in liability with NO way to pay it off when people defaulted on their mortgages. Then the banks unloaded WORTHLESS CDOs to the public in order to get them off the books, then they bought Mr. Burry's Credit Default Swaps on the CDOs they JUST SOLD to the public!!! Yes, they knew they were worthless and they sold them anyway and then bought insurance on them so that they could get payed when they failed!!! WE'RE SCREWED! IT'S OVER!
19. That CDO manager is a fantastic actor. I have to actively remind myself that he's only pretending to be that much of a cunt.
20. My favorite scene of the movie...this cdo manager was absolutely great... showed no emotions....