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.
Transcript
00:00:01.000 --> 00:00:02.668
ANTHONY Okay I'm a chef on a Sunday afternoon
00:00:02.835 --> 00:00:04.503
setting the menu at a big restaurant
00:00:04.067 --> 00:00:06.088
I ordered my fish on Friday
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which is the mortgage bond that Michael Burry shorted
00:00:09.999 --> 00:00:11.093
But some of the fresh fish doesn't sell
00:00:11.176 --> 00:00:12.803
I don't know why Maybe it just came out
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halibut has the intelligence of a dolphin
00:00:14.638 --> 00:00:16.348
So what am I going to do
00:00:16.432 --> 00:00:19.935
Throw all this unsold fish which is the BBB level of the bond
00:00:20.998 --> 00:00:22.479
in the garbage and take the loss
00:00:23.439 --> 00:00:24.044
No way
00:00:24.523 --> 00:00:26.942
Being the crafty and morally onerous chef that I am
00:00:27.026 --> 00:00:29.695
whatever crappy levels of the bond I don't sell
00:00:29.082 --> 00:00:31.078
I throw into a seafood stew
00:00:31.864 --> 00:00:35.284
See it's not old fish It's a whole new thing
Clip duration: 36 seconds
Views: 190
Timestamp in movie: 00h 34m 14s
Uploaded: 19 March, 2022
Genres: comedy, drama
Summary: The men who made millions from a global economic meltdown.
Comments
Actors
00:05 I'm jacked I'm jacked to the tits
00:11 I am going to try to find moral redemption
00:07 What am I supposed to do
00:21 MIKE I met my wife on Match com
00:05 It's like someone hit a pi ata filled with white people...
00:11 But wait You are the bank You work for the bank
00:36 Wait wait I didn't know there were swaps on mortgages
00:03 Sell it all
00:06 So mortgage bonds are dog shit
00:20 JARED If the mortgage bonds were the match
00:27 Mortgage fraud has
00:35 So is Morgan Stanley recruiting us Is that it
00:32 It really makes me hate you
00:11 Are you being sarcastic with us Mike
00:07 Yeah Yeah it's time to call bullshit
00:09 VINNIE How come you don't hate this guy
00:34 Basically Lewis Ranieri's mortgage bonds
00:35 Okay look If home prices don't go up
00:05 Just don't fucking dance
00:32 Thank you