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It's only a matter of time before someone else sees this investment
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It's only a matter of time before someone else sees this investment. We have to act now....

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Michael Burry: It's only a matter of time before someone else sees this investment. We have to act now. Lawrence Fields: And how do you know these bonds are built on subprime crap? Aren't they filled with hundreds of pages of mortgages? Michael Burry: I read them. Lawrence Fields: You read them? No one reads them. Only the lawyers who put them together read them. Michael Burry: I don't think they even know what they made. The whole housing market is propped up on these bad loans. It's a time bomb, and I want to short it. Lawrence Fields: Through what instrument, Michael? There are no insurance contracts or options for mortgage bonds! The bonds are too stable. No one would buy them. Michael Burry: I'm going to get a bank to make me one. Then I'm going to buy a ton of them.


Transcript

00:00:01.000 --> 00:00:03.336
It's only a matter of time before someone else sees this investment
00:00:03.419 --> 00:00:05.129
We have to act now BANGING TABLE
00:00:05.212 --> 00:00:07.465
How do you know the bonds are worthless
00:00:07.548 --> 00:00:09.759
Aren't they filled with fucking thousands
00:00:09.842 --> 00:00:10.968
of pages of mortgages
00:00:11.052 --> 00:00:13.304
I read them
00:00:13.387 --> 00:00:15.306
You read them I read Yes
00:00:15.389 --> 00:00:18.601
No one reads them Only the lawyers who put them together read them
00:00:18.684 --> 00:00:23.397
Look I don't think that they even know what they've made
00:00:23.522 --> 00:00:26.776
The housing market is propped up on these
00:00:27.001 --> 00:00:29.737
bad loans and I'm SIGHS
00:00:29.082 --> 00:00:31.864
It's a time bomb and I want to short it
00:00:31.947 --> 00:00:34.241
Through what instrument Michael

Clip duration: 35 seconds
Views: 230
Timestamp in movie: 00h 14m 54s
Uploaded: 19 March, 2022
Genres: comedy, drama
Summary: The men who made millions from a global economic meltdown.


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