Michael Burry convinces Wall Street to create a bet against them for him.
Пікірлер: 873
@gustavofring36612 жыл бұрын
let’s see paul allen’s default swap
@Chorkaloopa2 жыл бұрын
That’s Silian Rail.... 💳
@burns832 жыл бұрын
@@Chorkaloopa You're sick for knowing that and how to spell it
@dcairol2 жыл бұрын
Stolen comment
@jimtownsend39102 жыл бұрын
@@Chorkaloopa watermark?
@jimtownsend39102 жыл бұрын
@@Chorkaloopa Garamond Classico SC to be precise
@jman72872 жыл бұрын
I read somewhere that the reason he took the cups, Is because he wanted a souvenir from the banks since he didn’t think that would exist no more after the collapse.
@leobaucells_trading2 жыл бұрын
🤣🤣👌👌
@NERDCoGaming2 жыл бұрын
They really would make great trophies lmao
@deerlord23632 жыл бұрын
That's what I figured when I watched this movie, like the cups were some kind of trophy for him. 😆
@bogusfubu2 жыл бұрын
I thought it was symbolism like he’s literally “mugging” them lol
@xaiano7942 жыл бұрын
To be fair he was right with a few. Leheman brothers...
@garrison68632 жыл бұрын
Christian Bale was excellent in this one. He really nailed the character's eccentricities.
@bbb81822 жыл бұрын
I have an adult Asperger's kid and I'd say he overdid it in this scene although the rest of the movie it was seriously spot on!
@Edinburgh_Bathrooms_Kitchens2 жыл бұрын
@@bbb8182 yes thats right, everyone on the spectrum is exactly the same as your kid!🙈
@lamdrewpleasse46672 жыл бұрын
Burry is not like he is portrayed in the film lol watch his commencement speech from 2012
@mastod0n12 жыл бұрын
@@lamdrewpleasse4667 yeah 99% of the time Hollywood amps up the eccentricities of real people to make "characters."
@christophercolumbus89442 жыл бұрын
as he does with every other character he plays in maybe except for batman ... he takes himself too seriously
@tradermeras32 жыл бұрын
"Everyone is wrong" That line alone defines the movie
@brianbyrne30037 ай бұрын
Agree. Powerful sentence
@RainbowManification7 ай бұрын
They weren’t wrong. They knew what they were doing and were greedy.
@brianegendorf20237 ай бұрын
And America. Our businesses are stealing us blind, and the moment anyone tries do something about..."Big Government", "These regulations are overly complicated", "They have a chilling effect on..whatever".. As long as government is afraid to take on big business... America is Wrong.
@trifeccta7 ай бұрын
@@RainbowManificationonly the top folks knew their fancy equation was going bust soon, rest thought it’ll keep going.
@aryan_52715 ай бұрын
Everyone is wrong. Time will reveal everything.
@jaakkohaakana77652 жыл бұрын
The end credits of the film should have showed a shot of Dr. Berry's shelf with all the mugs lined up.
@boundaryzero2 жыл бұрын
did he really have these on a shelf?
@jaakkohaakana77652 жыл бұрын
@@boundaryzero I doubt it. But this was not a documentary film.
@jimmyneutron43292 жыл бұрын
Damn, that would have been great
@xekind2 жыл бұрын
@@boundaryzero His son did
@arods9 ай бұрын
Exactly my thought!
@roseymalino98552 жыл бұрын
They laughed at his concerns about their failure to pay. Turns out it was a genuine concern, not so much that they couldn't pay, but more that they wouldn't pay. Which as it turns out they snarkilly avoided as long as they could.
@billyhalliday98112 жыл бұрын
Yeah was he not going to take them to court and they eventually did because they didn’t want the public embarrassment and also he losing more money in court
@burns832 жыл бұрын
Another victim of the actors she loves. There was genius anywhere. So many people wrote about the pending doom. Grading agencies were paid to lie about popular stock that everyone was put under. Stock that wasn't even worth a C were graded AAA for no reason
@warntheidiotmasses71142 жыл бұрын
I think they were a market maker in those products and manipulated the price of those products until they could offload their losing side of the bet. I would imagine that's the way they would play it.
@rotyler21772 жыл бұрын
They're not correlated. THEY ARE CORRELATED!!
@juliofranciscogomezstoppel18602 жыл бұрын
both actually. He knew that the market was collapsing. If all debt triggerd at once, he was afraid he was going to be last on the list of payment because, basicly, he was profiting from their losses.
@RopewayReport2 жыл бұрын
Love how he says "when the bonds fail" and not "if the bonds fail"
@TSAVVVV5 ай бұрын
It was all a mathematical certainty.
@watcherdog85984 ай бұрын
@@TSAVVVV yese it was and it will happen again in 1 to two month check the defaul rates or gold and silver prices if you do not believe me it is not a matter of its a matter of when the us dollar goes bust so i would advice everyone to byt silver and gold with atleast 5 x leeverage i would advise 10x the us treausry is conjtrolling the price right know but they will not hold in les that 3 months its all lining up boys come get your money with me
@TamperedProduction2 жыл бұрын
So that’s how Batman got his money
@MrMLHoganjr2 жыл бұрын
“I want to buy credit default swaps… Do you like Phil Collins?”
@alexanderwashofsky8552 жыл бұрын
Bateman*. Patrick Bateman.
@troll-fx2zc2 жыл бұрын
What the hell does this mean?
@troll-fx2zc2 жыл бұрын
@@onboardbasil you mean Michael Keaton
@troll-fx2zc2 жыл бұрын
@@onboardbasil that's right, but michael Keaton only played in 2 Batmans, not a trilogy. Val Kilmer played in the third one. I think you're talking about Christian slater but he was never in batman.
@g.w.78935 ай бұрын
"Whenever you find yourself on the side of the majority, it is time to pause and reflect." - Mark Twain
@simunator5 күн бұрын
think for yourself, don't be sheep
@houseofdny7 ай бұрын
The chef's kiss is how breathlessly the Goldman rep replies "Yes, YES" when Burry asks for a damn coffee mug, worried the slightest hesitation will kill the sale.
@kgm45562 жыл бұрын
The funny thing is we all think he “owned” the bankers. Truth is, they got their bonus, probably moved on to bigger and better.
@fergus2472 жыл бұрын
Bonus aka bailout :]
@SangreFriasBack2 жыл бұрын
@@fergus247 Courtesy of the taxpayers
@kgm45562 жыл бұрын
@@SangreFriasBack Which the banks where forced to take and paid back in full, with interest.
@husaynml75932 жыл бұрын
@@kgm4556 I wish I could fuck up and let the government pay for my mistakes. Then move to the next cushy job and pay it all back easily.
@DatzMagic_822 жыл бұрын
There's just something so satisfying about seeing someone swindle banks out of millions
@timreuscher202 жыл бұрын
I don't take anyone seriously here, there's no business card flex battle.
@johnprescott73892 жыл бұрын
Lol i saw that a week back
@ericwilliams3982 жыл бұрын
Try getting a reservation at Dorcia now you stupid bastard
@AlanIanke7 ай бұрын
Me too @@johnprescott7389
@MrLucky99316 ай бұрын
“I like these cups, can I take one, for my son” Idk why but when the music stops and Bale delivers that line, I always crack ip
@adennis2006 ай бұрын
The music probably stops because it emphasises the situation. It makes it stand out, seem more "unexpected" or unnatural, more funny. Music has often the function of emphasising the mood of the situation.
@johnszczerba99794 ай бұрын
@adennis200 other's pointed out it's like Dexter and his blood slides
@thomaspayea87402 жыл бұрын
This man just finessed like 5 coffee cups, genius
@robertcox89945 ай бұрын
He was hoping they fail and make great collectors items
@NewWesternFront4 ай бұрын
@@robertcox8994 no actually that was the point of setting up the deals- to run the banks into the ground by taking one cup at a time
@RideAcrossTheRiver10 күн бұрын
@@NewWesternFront Not the point of the mugs, though.
@eengineer1able9 ай бұрын
Sadly, not a single person in this scene was hurt by the crash, including the bankers. They all got their bonuses and then got bailed out. I wish I could feel some thrill from seeing some justice, but there's none here.
@NicoNico-re1rq8 ай бұрын
Well thats why they accepted his deal...rich ppl dont gamble on odds that can make them lose everything.
@davideyres9557 ай бұрын
@@NicoNico-re1rqnot strictly speaking true. Lloyds names are liable for everything they own, however so many are so well connected they know that the government will step in before they are bankrupted.
@wilfbreezy3336 ай бұрын
@@NicoNico-re1rqwell, reference Dumb Money. They definitely don’t. But a poor lower middle class guy like - Paul Dani’s character did and won
@helloitsmehb5 ай бұрын
Unless you did something stupid , no Americans were hurt either in the long run
@lIlIlIll-kg2cm5 ай бұрын
@@NicoNico-re1rq it's like playing poker and black jack, but there's no loss.
@LucasTowers__2 жыл бұрын
0:50 "When the bonds fail" when he could easily say "if the bonds fail". Man was so sure about his move that he was talking about it as a fact.
@roseymalino98552 жыл бұрын
Talking!!!!!! Talking, you say! He literally put his money where his mouth is; over $1B. Yes, that sure.
@davidweihe60525 ай бұрын
If he wasn’t sure that the bonds would fail (soon enough that he could survive the wait), he would be damn stupid to make that bet. As it was, he had to liquidate a number of positions to pay the premiums.
@Wired4Life219 күн бұрын
@@davidweihe6052 Are the imposed premiums their extreme minority of brain cells telling them, “Um, this Burry guy might be right, so why not make him suffer a bit on his way to possibly being right”?
@nomoreheroes17187 ай бұрын
The two sitting across from him thought the music started for them. 😂
@CopiousDoinksLLC7 ай бұрын
"This is Wall Street, Mr Burry. If you offer us free money, we're going to take it." I love that line because you can tell from the way she says it that she thinks this is a virtue.
@robloxvids22337 ай бұрын
Well it is. She has stakeholders that expect to see returns. Getting free money is a good way to make your stakeholders happy. It is a virtue. It's her job to make money.
@a.t34157 ай бұрын
I wouldn't say she thinks this is a virtue, but she has no illusions that they'll stop people from making (what they believe to be) poor financial decisions
@vibovitold6 ай бұрын
@@a.t3415and he's not some confused granny that hobbled into their office barely remembering her own name, he's running a hedge fund. They've got every right to treat him like a pro and a player - which he is.
@TheNewcastlePilot4 күн бұрын
@@robloxvids2233 Very true. It's also that kind of thinking that allowed for the mortgage market to collapse. "Sure, just sign here and you get the mortgage" (regardless of if you can actually afford it).
@funktionwebweb67352 жыл бұрын
I just realized that he was taking the coffee mugs the same way serial killers often take an item from their victims, like a trophy. He was basically murdering these firms, and wanted his little momento.
@exorcists2 жыл бұрын
Maybe it's a little Patrick Bateman easteregg
@mattp.2722 жыл бұрын
Technically they committed accidental suicide, and he just placed bets that the suicide would actually happen.
@funktionwebweb67352 жыл бұрын
@@mattp.272 This is a good point. If this were reddit I would give you some gold.
@briantse55252 жыл бұрын
The reason he takes them is because it's symbolic, he is "mugging" them.
@RideAcrossTheRiver10 күн бұрын
@@briantse5525 Wrong symbol.
@andyorwig4 ай бұрын
If you are wondering what he's saying to himself, is that he's realizing that they aren't reading the summaries, and are so blindly confident they gladly threw a $100 million at it without thinking.
@jcolinmizia91612 жыл бұрын
I can’t believe that everyone just assumed that he had lost his mind, rather than taking a step back and asking what he saw that motivated this bet.
@Achilles59372 жыл бұрын
That's Wall Street narcissism for you. The cocky GS people especially the woman laughing in the meeting weren't laughing at the end. Got what they deserved.
@sawyernorthrop40782 жыл бұрын
"This is Wall Street, Dr. Burry, if you offer us free money we are going to take it."
@panagiotisatmatzidis99722 жыл бұрын
There's no reason to step back and think when you know tax-payers money will bail out if you "fail". It's a win-win situation.
@salmansengul2 жыл бұрын
@@panagiotisatmatzidis9972 you're right. Unfortunately most of the time it's the money of the "small man".
@mikeg24918 ай бұрын
@@panagiotisatmatzidis9972No one ever talks about the second part of the massive fraud, how Obama’s admin used the banks’ settlement money to funnel to progressive groups like ACORN versus the American people.
@allimwearingiswalesbonner2 жыл бұрын
I can’t believe Bryce prefers Van Patten’s portfolio to mine.
@digitalradiohacker4 ай бұрын
Just look at the prospectus - The binding. The tastefull thickness of itohmyGod, it even has a CDS Squared!
@zamz79782 жыл бұрын
Keep forgetting that's christian bale .. the guy is triple A rated actor.
@kewltony2 жыл бұрын
the rating agencies are corrupt
@rishabhchoudhary66784 ай бұрын
Short selling triple B- rated bonds
@soup1002 жыл бұрын
Turns out that he was correct to be worried about payment. If AIG doesn't get bailed out, Goldman Sachs goes under
@krismurray07232 жыл бұрын
And don't forget that Paulsen was running the treasury at that time, and he is a Goldman Guy. Guess who they decided NOT to bail out?? Goldman's biggest rival, Lehman Brothers. So weird....huh?? 🤣
@seanrezvani1302 жыл бұрын
Dr Burry is a legend. Can not believe he saw the water issue ten years ago in his interview. Last one was year ago about worst inflation and months ago about another housing bubble and the crash of both markets
@jonpaul69482 жыл бұрын
He also shorted Tesla. The man is not infallible.
@seanrezvani1302 жыл бұрын
@@jonpaul6948 he is a human but his true predictions were much more than his false ones. He knows the US economy functioning much more than politicians who run the Fed Reserve
@MrZillas2 жыл бұрын
@@jonpaul6948 This is just a question of time. There is nothing that Tesla can do which other car-manufacturers can't do. On top, their cars are mostly ugly inside and outside and terrible built together. It's still an experiment. I'd rather buy a Hyundai Ioniq 5 to be honest. Btw, he would have won on a Tesla-short, because the price for Tesla dropped from 1.000 bucks to 600.
@jonpaul69482 жыл бұрын
@@MrZillas If it were a question of time he would have held his short. He closed it in 2021. Even if Tesla fails now he was still wrong on his bet and lost money.
@hanshuber18759 ай бұрын
@@jonpaul6948its one Thing, to know that a company will fail. Another Thing to predict the right time when it will fail.
@Burncsb2 жыл бұрын
When someone comes to you with something that seems incredibly crazy, and you don't have the presence of mind to have some humility and even consider they may be onto something... you at least need to be prepared to face the consequences of your own arrogance.
@warntheidiotmasses71142 жыл бұрын
You have to wonder if the conversation really went down that way. More likely you'd say something we'd like to hedge against another investment say going long housing stocks and you'd simply ask for the MDS as a hedge rather than say OH! I think the housing market is gonna collapse. Why would they then take the other side of the bet if you let them in on your research?
@Burncsb2 жыл бұрын
@@warntheidiotmasses7114 the probability that it went this way is very low... I think. He was pretty straight forward with them, I imagine that it was much more technical in the real moment.
@louieg76762 жыл бұрын
I think the arrogance came from the knowledge that they control the system, manipulate the market, bribe the rating agencies and they could always cheat their way to victory. The likelihood of Dr. Burry being right before he runs out of money for paying the premium is very small.
@warntheidiotmasses71142 жыл бұрын
@@Burncsb The guy does his research, clearly he comes across intelligently, he says I want to bet against the housing market. The suits come back with ok? And however how many hundreds of millions he wanted to short? Can't be. I think my scenario was more probable. Or at least, that's what I would've said. I want the MDS or CDS's as a hedge against going long housing stocks. Hedges often expire worthless. I buy a stock, I want to buy puts as a hedge, oh? they're none? I call up Morgan stanley and I say hey I want to buy Puts. And that's the way I would imagine it works. Not, I think this stock is gonna collapse, can you sell me puts?
@MaltMetalMick2 жыл бұрын
I wonder if attitudes have changed nowadays because of this very exact thing.
@LAK_7709 ай бұрын
Taking the mugs is one of those little touches that makes a huge difference. Reminds me of Vito Corleone unscrewing the light bulb in Godfather II
@boxtoboxpod6 ай бұрын
dont think you understand the significance. he had to collect them to then prove he'd been to their offices as you can only get them in their buildings.
@tacomaamocat43096 ай бұрын
I don’t think you understood the significance, Dr. Burry wanted the coffee mugs in the same way he got his hair cut at Super Cuts, he was simply being his goofy, out of touch self, and there isn’t a damn thing wrong with that by the way.
@bradleye6606 ай бұрын
^ You are also wrong. He took those mugs as a trophy because he knew those banks would collapse after he shorted the housing market.
@Ericwvb22 жыл бұрын
I still remember reading an article about how trillions in mortgages were going to convert from low monthly payments to high monthly payments in 2006 or 2007 and I thought OMG it's going to crash everything. Then 2007 happened and nothing crashed and I thought oh well I guess I'm wrong about that ...
@aaronsalentine78762 жыл бұрын
Yea, you were right just a year off lol 2008.
@roseymalino98552 жыл бұрын
The mortgages were problematic but the Gov't threw in a new wrinkle: Mark to Market. Brian Wesbury has an excellent, easy to understand YT video explaining why what should have been just another irksome problem, turned into the crisis it became.
@wulfhart26532 жыл бұрын
you should have been trading back then :)
@Ericwvb22 жыл бұрын
@@wulfhart2653 Lol! The moment I think I know something about the market and act on it is always a prelude to me losing money in it!
@frostreaver12 жыл бұрын
@@wulfhart2653 except the average Joe isn't an institutional investor that can even access the markets. A very similar crisis is coming to a head right now, but it would be almost impossible for a retail investor to make good money off it. That's why brownfield capital needed a billion dollars in capital to even trade the credit default swaps later in the movie. Only institutional investors can actually access markets for derivatives and credit default swaps. Good luck trying to short the housing market on Robinhood
@Guido_Sarducci0075 ай бұрын
Oh ha ha ha! But wait, who is laughing now? He cleaned their clocks bigtime.
@Username2521hh4 күн бұрын
They’re all fine and still rich.
@reallymakesyouthink7 ай бұрын
The take home message is if you buy a few million in swaps you can take home some free cups.
@omarbahrour8 ай бұрын
It’s so wild how everyone was certain he was out of his mind, but all he did was look at all of the available information. He didn’t have some secret formula or info
@Ricgibs4 ай бұрын
Lately i got interested in financial market but have no idea on how to go about it. How does it work please..
@ivar7664 ай бұрын
seek professionals support not some very cool and semi-knowledgeable guy on KZbin. Personally, I gather information on KZbin but verify with Stacey Macken . If it doesn't align with her report, I avoid getting involved. This way i've been able to save a lot of money while making a lot of money
@benjaminocampo33594 ай бұрын
I am surprised that this name is being mentioned here, I stumbled upon some of her clients testimonies on CNBC news last week..
@lea58984 ай бұрын
What impresses me most about Stacey Macken is how well she explains basic concept of winning before actually letting you use her trade signals. This goes a long way to ensure winning trades.
@KamranKhalil-br6dk4 ай бұрын
Her technical analysis is excellent and hid interpretation/projections of the market is so accurate I sometimes ask myself if she is human haha. Point is, Stacey is the perfect trader to follow for advise and daily signals.
@tryleraaron92444 ай бұрын
Getting advice from financial advisors, like Stacey Macken , can be a smart move to reshape your portfolio. She has the expertise to help you make informed decisions.
@OmegaTou2 жыл бұрын
Michael Burry was right about what was happening back then, and he is right about what is going on right now, and yet still the mainstream disregards what he is saying. It's sad, and this crash is going to probably be worse than the 1930's.
@wulfhart26532 жыл бұрын
What is he saying about what is going on today ?
@OmegaTou2 жыл бұрын
@@wulfhart2653 I'd google him if you want details, but the short answer is that the market is in a huge bubble across a bunch of different sectors, and it's going to crash in an epic fashion.
@izenga6062 жыл бұрын
It already is worse. Todays median pay relative to home cost is significantly less than the Great Depression.
@edelmanmuriellandry98102 жыл бұрын
@@OmegaTou ow it's gonna be bad, but my feeling is how longer it's going to take to fail, how harder it's going to fail, the complete financial system has to be taken down to "build it back better"
@jakecrawford14382 жыл бұрын
There is an everything bubble; but it will be a massive correction. It will clean out risky investments such as Crypto and high yield bonds. Business will always produce cash, and if you have the mettle to stand by good businesses you will be ok.
@dcairol2 жыл бұрын
Lionel Messi is so good at business.
@prateeknair242 жыл бұрын
Underated comment
@BlacklightSummerOfficial2 жыл бұрын
It’s not messi it’s bale
@nefariousnilbog10 ай бұрын
Wales, Batman, Golf, Real Madrid@@BlacklightSummerOfficial
@ErminDedicNT7 ай бұрын
@@BlacklightSummerOfficial Christian Benteke?
@aryan_52716 ай бұрын
That's what most of the hedge fund managers would do.
@sherparoyale5 ай бұрын
I’ve never seen a Wall St meeting where the decision was arrived at in the same meeting 😂
@ES35902 жыл бұрын
You know what blows my mind is that some guy comes in doing this and they didn’t even think to do homework on it. Like he’s crazy enough to even have the idea, but then do a 100m in swaps. And they don’t ask QUESTIONS?
@oceantume2 жыл бұрын
Well this is a movie. In real life I imagine banks did their homework on it and still thought this has an almost null chance of happening.
@roseymalino98552 жыл бұрын
How to do homework on something that has never happened? That was the amazing insight Dr. Burry exhibited. To see and believe that something which never happened could happen and be so sure of his intellect to bet the house on it.
@elscruffomcscruffy83719 ай бұрын
@@oceantumethey most likely saw easy money and based on a flawless history... as usual, Banks are greedy and backed by the government
@liljackypaper9 ай бұрын
Comes down to another line said by different people in the movie.. "People don't like to think about bad things happening, so they underestimate their likelihood." 💯
@floralwallpaperenthusiast66318 ай бұрын
People always paid their mortgages. It’s that simple because the alternative was homelessness. The issue was that was based on the people who up until 2002ish had been able to afford the loans they had been given. What changed was people who couldn’t afford them were being given them. Very different risk profile. This is the issue with treating precedent as a trump card for everything.
@williamzame37082 жыл бұрын
Christian Bale is a terrific actor. Just look at his performances here and as Bruce Wayne/Batman and in The Boxer.
@grimweeper13222 жыл бұрын
The Boxer was a Daniel Day-Lewis movie. Christian Bale's movie was called The Fighter, you imbecile
@fender83728 ай бұрын
The fighter*
@tylerwedell37508 ай бұрын
Dont forget The Machinist
@gfilms73752 жыл бұрын
3:24 the little guys is more concerned about the client than the boss, epitome of wall street.
@shadow_wolf25068 ай бұрын
This is the equivalent of holding a royal flush nd everyone thinking your bluffing so they call your all-in bet.
@Jack_The_Ladd2 жыл бұрын
Impressive, very nice…let’s see Paul Allen’s credit default swap.
@AfroMan1872 жыл бұрын
My god, the off-white coloring, the sublte texturing of it. It's even made of Triple C Traunches
@sethlabiaux4202 жыл бұрын
That's silian rail
@dcairol2 жыл бұрын
Stolen comment
@porscheoscar2 жыл бұрын
I worked at a firm when a friend in the legal department called me to say Lehman Brothers was going to be announcing their bankruptcy. I said reorganization? He said nope 🙅♀️ 🙅♂️are you sitting down? ...its liquidation. The entire investment bank has collapsed as well as all the investments. I fell out of my chair 💺. The stock market crashed the next day and 50 people at my firm were laid off. Each week one department after another lost 2 or 3 people. By the end of the year everyone I knew either lost their job or lost their house. Things did not get better for nearly four years. That was 14 years ago. Most people I work with now under 35 have never worked at a time where their job was about to be eliminated at a time when no one was hiring.
@bradleypatin92352 жыл бұрын
Let’s see Paul Allen’s portfolio.
@robtommy57192 жыл бұрын
The amazing story who robbed all these snobby banks of their coffee cups
@napalmman82925 ай бұрын
He collect those cups like it’s a trophy from his hunting games
@whodidit9917 күн бұрын
Or a clipping of hair from the victims of a serial killer.
@sharonhamilton34396 ай бұрын
This man was a genius definitely ahead of his time
@ahmdf13 сағат бұрын
Words can't describe how much I loved this movie.
@current31092 жыл бұрын
These are the same guys that gave Paul Allen the Fischer account
@EvilNightwolf7 күн бұрын
"In the world of the blind, the one-eyed is the king."
@yusuf.alajnabi2 жыл бұрын
It's amazing how history is about to repeat itself but in a slightly different way.
@uku78832 жыл бұрын
Moass
@yusuf.alajnabi2 жыл бұрын
@@uku7883 what does that mean?
@garthwiebe5742 жыл бұрын
AMC
@yusuf.alajnabi2 жыл бұрын
@@garthwiebe574 I don't understand what amc means
@gabe7580 Жыл бұрын
Yes, soon. Very soon.
@synergygaming652 жыл бұрын
If someone comes in the door playing with that much money and apparently off their rocker, perhaps you should in fact listen to what he is saying.
@geiiger2 жыл бұрын
He wasnt the first to raise serious concerns but almost nobody will put down the money and stand in the way of a gravy train like this, he could have gone broke as well. I watched a program on mainstream tv pointing out a large amount of fraud occurring, nice story good reporting with evidence, it broadcast and then it was forgotten till the bust a few years later
@Melpheos1er5 ай бұрын
The smugness of those idiots who had zero idea about what was going to happen is unbearable
@howard599210 күн бұрын
The script writers wanted to make you feel that way. ( I get what you are saying but I'm reminding you that it's a movie )
@Melpheos1er10 күн бұрын
@@howard5992 no problem. It probably happened IRL
@TheGoldenGod.2 жыл бұрын
i shorted luna and people said i was out of my mind.... whos laughing now. Everyone was wrong.
@brianhernandez71622 жыл бұрын
Hows Maureen doing?
@shojoe2 жыл бұрын
and the results, how you end up making? $$
@canobenitez2 жыл бұрын
how do you short crypto
@jasonhenry80672 жыл бұрын
@@canobenitez you can’t short it after it crashes
@canobenitez2 жыл бұрын
@@jasonhenry8067 that's not what I asked
@mrkanangra7 ай бұрын
One of the best movies made. Sad but accurate about the absolute corruption within the US Financial sector
@edwarddullea60497 ай бұрын
This and Margin Call .
@chrisbilling4 ай бұрын
The way he says 200 million as if he’s about to burst into tears😂😂😂
@jjohnfnchf75358 ай бұрын
remember that it was the federal government who practically created quotas for lending to people who were unlikely to pay their mortgages, and it was the federal government who limited which rating agencies could be used to rate bonds
@Sidneyyoungblood758 ай бұрын
The compliment was sufficient Louis....
@puertoricanvtec4 ай бұрын
I think the government and banks should watch this video!!
@gregj33695 ай бұрын
It's funny how she says "...you want to bet against the housing market and you're worried we won't pay you?..." because that's exactly what could happen. She says it like the bank wouldn't be in deep trouble in a collapse of the housing market. It shows that she not only didn't believe it would happen, but that she also had no idea how it could happen. Warren Buffet bailed out some part of Goldman Sachs at that time, if I remember right.
@Globaler4 ай бұрын
Everybody was a winner in that room. The bank execs made a lot of bonus even after their banks failed.
@apocratos01747 ай бұрын
Those bonds wont fail unless millions dont pay their debts..... Loooooool Guess what happened????!!!
@mikeyh06 ай бұрын
But it had happened before starting in 1929. Hundreds of thousands of families lost their homes.
@onastick241114 күн бұрын
The problem was, millions had no way to pay the mortgage when they took the mortgage out. They never made one payment. Insanity.
@dmd4066 ай бұрын
I did'nt understand about the cups he was collecting, until now. It was his trophies.
@m3mario5 ай бұрын
The fact that he collected the cups.
@goodlifeequations61964 ай бұрын
Coz irl he thought those banks and firms would cease to exist after the crash and he would keep them as memento (their last symbol of existence) But we all know what happened😅😅😅
@tomb79427 ай бұрын
And the laughed and laughed and laughed, until they didn't. Then they laughed at the tax payers for being suckers and bailing them out.
@Themightyquinn17039 ай бұрын
I was listening to this on really high volume for some reason and when they are whispering they are actually talking about the structure of the deal, nice detail
@shojoe2 жыл бұрын
the fact that walk out like ganster, when they were laughing, he gets to smile but still sad to at the end.
@genapp36032 жыл бұрын
Bale is great in this you forget it's him. Also in The Prestige he does the character well and you forget.
@mineown18616 ай бұрын
How they laughed when he cast doubt on their future solvency , and how little future their solvency had .
@babayagaslobbedaknobba2 жыл бұрын
Don't forget this same guy start investing in bottled water, before all those companies started buying up the fresh-water aquifers around the country.
@janl15517 ай бұрын
You'll see it all a show, keep on laughing as you go. Just remember that the last laugh is on you - Monty Python :)
@vasilisneorun17002 жыл бұрын
I learned basic economics terms from the Big Short & Margin Call
@mattdunn90842 жыл бұрын
"They called me a mad man" -Burry probably
@christopherhaynes81012 жыл бұрын
“When the bitcoin fails I want to be guarantee payment in case of insolvency issues”
@smk33902 жыл бұрын
he collects cups of those he destroys.
@PlatoCave4 күн бұрын
Simplicity of the dialogue and the complexity of the reality makes this scene so scary that what a dangerous place this world has become in the name of "business".
@foobarFR2 жыл бұрын
The worst thing is, demand for CDS against mortgage bonds is actually what gave the big banks the idea for creating synthetic CDOs . That way they sold their side of CDS. So they made money again...
@liljackypaper9 ай бұрын
"They are called synthetic CDOs." "That's fucking crazy!"
@lol101lol101lolz2 жыл бұрын
Well what they missed out is the lengthy due diligence and compliance in between the conversations.
@erikanderson14025 ай бұрын
Everyone with a finance degree is like these clowns.
@escapethematrix42047 күн бұрын
this is probably the best megastar film that isn’t overrated for the cast and has great story, that isn’t superheros.
@ThegoldenDragon2 жыл бұрын
He almost looks like Al Pachino’s Tony Montana
@ozodari61602 жыл бұрын
Tony Bateman. Patrick Montana, Christian pachino
@Kritacul8 ай бұрын
The funny thing is, he would’ve gotten paid waaaaaaaaay more. But what happened was he went to so many banks and essentially warned them. So when the bottom didn’t completely fall out. It was because of him. Because he told them what was going to happened and they prevented it in the long run.
@rockhardrockhounds99708 ай бұрын
They didn’t prevent shit. The taxpayers bailed them out. WT actual F are you even talking about? Lol
@realnapster15226 ай бұрын
They couldn’t prevent it at all. They were bailed out by US government and some very wealthy banks like Bank of America got bailed out by Warren Buffett richest man ever 😂
@aryan_52715 ай бұрын
@@rockhardrockhounds9970 What he meant was they could've been more careful with their future dealings even though they didn't believe everything that he said.
@dactylogram822 жыл бұрын
Love it. this is such a great scene
@user-xm6ro1ep5d2 жыл бұрын
"Let's see Paul Allen's credit default swaps" Had to do it
@SaurabhSutar105 ай бұрын
Even after heavy consistent research day and night research,it takes balls of titanium to bet against the market,and he did it without hesitation....kudos to him man
@denizeren22974 ай бұрын
"I like these cups can i take one" is essentially "I have to return some videotapes"
@hailo18842 жыл бұрын
WHEN the bonds fail
@Zaluskowsky2 жыл бұрын
darmok and jalad ... at tanagra
@aryan_52715 ай бұрын
When a person speaks with that level of certainty, it's best to believe them.
@BenjaminSteber7 ай бұрын
He walked away with over five billion dollars in wallstreet bank mugs.
@Greasyhair4 ай бұрын
He is taking the cups as potential souvenirs. When those banks fail those cups would make a sweet souvenir maybe even worth something.
@FoxWolfWorld5 күн бұрын
The sad part is that all of these employees who accepted the swaps probably had no consequences when the bonds failed. They made millions for closing the deal in the first place and then when everything went south it was no skin off their nose
@sidehop5 ай бұрын
And the guy is still HATED by Wall Street because they were wrong 😂
@aryan_52715 ай бұрын
Experts will only be experts until they're wrong
@JeremyS865 ай бұрын
this is an even better book
@Halus50002 жыл бұрын
Walking out the door with such a mug look on his face 😤
@jasonfitzpatrick21978 ай бұрын
If you can't tell who the sucker is at a poker game, it's probably you.
@seanwebb6052 жыл бұрын
Love, love love this movie.
@wingman-19774 күн бұрын
Talk about making off like a bandit.
@brose23232 жыл бұрын
This is set to repeat all over again, only worse. I bought a house in nowhere wisconsin and I'm getting cash offers on my house that isn't even listed.
@Pdmc-vu5gj8 ай бұрын
Ehhhh
@JosephDickson2 жыл бұрын
I love how he nicks the mugs at every bank :D
@aryan_52716 ай бұрын
Trophies.
@vivekkaushik95082 жыл бұрын
I need to rewatch this.
@TheTexican054 ай бұрын
5 coffee cups and a reservation at Dorcea’s…NICE. 👌 😎 💵
@mntpl1000Ай бұрын
The actress play so well. First she find it stupid but when he asked for 100M her behavior shows that she was concerns about this confidence on him.
@burns832 жыл бұрын
Its funny how they try to blame the people for not paying their mortgages. As if, by coincidence, millions of people, in the same period, with no precedent, stopped paying for the house they loved and the only house they had. Those millions of unpaid mortgages came after the fact when interest rates had already skyrocketed, on paper. House owners had already been notified of their payment dues for that period and those dues had tripled in less than one period. F**k the grading agencies 100%: Moodys, standard and poors, Fitch; for grading OTC derivatives as AAA. If the grading agencies didn't know what they were grading then why grade them AAA and if they did know then they are corrupt. Anyway, they acted in the most corrupt manner
@roseymalino98552 жыл бұрын
You're basically correct. The problem with the rating agencies' thinking was with their thinking. They thought the bonds couldn't fail because they had never failed. There was no historical precedence on which to effectively base their rating but they didn't think it through.