《大空头》是一部根据查尔斯·伦道夫的同名书改编的电影,讲述了2007年美国信贷风暴前,几位华尔街投资鬼才通过做空次贷CDS而大幅获益的故事。
杰瑞发布于2024-04-11
《大空头》是一部根据查尔斯·伦道夫的同名书改编的电影,讲述了2007年美国信贷风暴前,几位华尔街投资鬼才通过做空次贷CDS而大幅获益的故事。
No, we just repackage it, with a bunch of other sh*t that didn't sell and put it into a cdo. A cdo? Yes... a cdo. What is that? W where we take a bunch of Bs, bb's and bbb's that haven't sold, and we put em in a pile... And when the pile gets large enough, the whole is suddenly considered 'diversified'. And then... the whores of the rating agency, give it a 92 / 93 percent AAA-rating, no questions asked... Holy... what! Say that again! Collateralized debt obligations it's important to understand, because it's what allowed the housing crisis become a nationwide economic disaster. Here's world-famous chef Anthony bourdain to explain. Ok, I'm a chef on a Sunday-afternoon setting the menu of a big restaurant. I ordered my fish on Friday, which is the mortgage bond that Michael burry shorted. But... some of the fresh doesn't sell.. I don't know why, maybe it just came out, how Anthony has the intelligence of a dolphin. So... what am I gonna do? Throw all this unsold fish, which is the BBB-level of bond, in the garbage? And take the loss? No way! Being a crafty and morally honorous chef that I am... Every crappy levels of the bond I don't sell... I throw into a seafood stew. It's not old fish! It's a whole new thing! The best part is... They're eating retailed halibut! That... is a cdo. I just need to know how these could possibly be correlated. You're like d-d- Dora the explorering, you're the first person who has found this... So.. Hold on.. So mortgage bonds are dogshit? Cdo's are dogshit wrapped in catshit.