You're convinced the underlying mortgages in these bonds are solid loans?
>> The Big Short大空头（2015） Movie Script

Are they downgrading the cdo's or mortgage bonds where are the ratings-agencies at?
>> The Big Short大空头（2015） Movie Script

Sub-prime mortgages are up?
>> The Big Short大空头（2015） Movie Script

Mortgages defaults have gone through the roof!
>> The Big Short大空头（2015） Movie Script

And you tell the mortgage company what you do?
>> The Big Short大空头（2015） Movie Script

Adjustable rate mortgages?
>> The Big Short大空头（2015） Movie Script

We're trying to understand the residential mortgage business.
>> The Big Short大空头（2015） Movie Script

Actually, can I talk to a mortgage broker?
>> The Big Short大空头（2015） Movie Script

Mortgage fraud quintupled since 2000 and the average take-home pay is flat, but... Home-prices are soaring, that means the homes are dead, not assets so Mike burry of San Jose, a guy who... Gets his haircut at supercuts, and doesn't wear shoes, knows more than Alan greenspan and Hank Paulson... I haven't talked to Hank, but yes he does.
>> The Big Short大空头（2015） Movie Script

Wait, has that a**hole not been paying his mortgage?
>> The Big Short大空头（2015） Movie Script

Your landlord filled out his mortgage application using his dogs name?
>> The Big Short大空头（2015） Movie Script

Hello, I'm surveying mortgage owners who are over 90 days delinquent I'm looking for a Harvey humpsy you want my landlord's dog?
>> The Big Short大空头（2015） Movie Script

Here, they're saying that there's 10-to-1 returns, on credit default swaps for mortgage backed securities and the whole housing market is about to collapse.
>> The Big Short大空头（2015） Movie Script

Is he right about the mortgage market?
>> The Big Short大空头（2015） Movie Script

So mortgage bonds are dogshit?
>> The Big Short大空头（2015） Movie Script

I ordered my fish on Friday, which is the mortgage bond that Michael burry shorted.
>> The Big Short大空头（2015） Movie Script

They were just thousands of AAA-mortgages bundled together, guaranteed by the us-government.
>> The Big Short大空头（2015） Movie Script

This is your basic mortgage bond.
>> The Big Short大空头（2015） Movie Script

- It tracks sub-prime mortgage bond value.
>> The Big Short大空头（2015） Movie Script

So now we pay up premiums on these swaps against housing-market until the mortgages fail?
>> The Big Short大空头（2015） Movie Script

Somebody shorted two-hundred mill in mortgage bonds?
>> The Big Short大空头（2015） Movie Script

I didn't know there were swaps on mortgages there are now, we made it for him!
>> The Big Short大空头（2015） Movie Script

We just sold 200 million in credit-swaps for mortgage-bonds some fund-manager from California, f***ing crazy right?!
>> The Big Short大空头（2015） Movie Script

We're prepared to sell you 5 million in credit default swaps on these mortgage bonds.
>> The Big Short大空头（2015） Movie Script

Em.. I have prospectuses on, six mortgage-backed securities I want to show you whispers the majority of them are accepted mortgages.
>> The Big Short大空头（2015） Movie Script