OK, I'm a chef on a Sunday afternoon, setting the menu at a big restaurant. I ordered my...
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Anthony Bourdain:
OK, I'm a chef on a Sunday afternoon, setting the menu at a big restaurant. I ordered my fish on Friday, which is the mortgage bond that Michael Burry shorted. But some of the fresh fish doesn't sell. I don't know why. Maybe it just came out halibut has the intelligence of a dolphin. So, what am I going to do? Throw all this unsold fish, which is the BBB level of the bond, in the garbage, and take the loss? No way. Being the crafty and morally onerous chef that I am, whatever crappy levels of the bond I don't sell, I throw into a seafood stew. See, it's not old fish. It's a whole new thing! And the best part is, they're eating 3-day-old halibut. *That* is a CDO
OK, I'm a chef on a Sunday afternoon, setting the menu at a big restaurant. I ordered my fish on Friday, which is the mortgage bond that Michael Burry shorted. But some of the fresh fish doesn't sell. I don't know why. Maybe it just came out halibut has the intelligence of a dolphin. So, what am I going to do? Throw all this unsold fish, which is the BBB level of the bond, in the garbage, and take the loss? No way. Being the crafty and morally onerous chef that I am, whatever crappy levels of the bond I don't sell, I throw into a seafood stew. See, it's not old fish. It's a whole new thing! And the best part is, they're eating 3-day-old halibut. *That* is a CDO
Full Transcript
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OK I'm a chef on a Sunday afternoon setting the menu of a big restaurant
00:00:04.077 --> 00:00:08.092
I ordered my fish on Friday which is the mortgage bond that Michael Burry shorted
00:00:09.028 --> 00:00:11.015
But some of the fresh doesn't sell
00:00:11.027 --> 00:00:12.092
I don't know why maybe it just came out
00:00:13.999 --> 00:00:14.059
halibut has the intelligence of a dolphin
00:00:14.071 --> 00:00:16.034
So what am i gonna do
00:00:16.046 --> 00:00:20.081
Throw all this unsold fish which is the BBB level of bond in the garbage
00:00:20.093 --> 00:00:21.096
And take the loss
00:00:23.068 --> 00:00:24.058
No way
00:00:24.007 --> 00:00:27.007
Being a crafty and morally honorous chef that i am
00:00:27.019 --> 00:00:31.068
Every crappy levels of the bond i don't sell i throw into a seafood stew
00:00:31.095 --> 00:00:35.048
It's not old fish It's a whole new thing
00:00:35.006 --> 00:00:38.045
The best part is They're eating retailed halibut
00:00:39.022 --> 00:00:41.998
That is a CDO
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Movie Summary
The men who made millions from a global economic meltdown.
Actors
Anthony Bourdain
