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Ted had asked me to do some meeting prep but I couldn't find any marketing material on you...

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JP Morgan Employee: Ted had asked me to do some meeting prep but I couldn't find any marketing material on you guys. Charlie Geller: Oh, we just moved here from Boulder. JP Morgan Employee: Yeah. Well, can we see your offering documents Charlie Geller: Well, Brownfield is its own money. Jamie Shipley: It's our money. JP Morgan Employee: Well, can you tell us how much you manage? Charlie Geller: Of course. We're doing 30 million right now, uh, but we started four years ago with 110 thousand. So, as you can see, that's pretty phenomenal returns. Jamie Shipley: We want to get an ISDA agreement so we can deal in long-term options. [subtitled: ISDA Agreement: An agreement that lets an investor sit at the 'big boy table' and make high level trades not available to stupid amateurs.Trying to be a high stakes trader without an ISDA is like trying to win the Indy 500 riding a llama] JP Morgan Employee: [in a slightly condescending tone] That's really cool. That is SO cool. Charlie Geller: Thank you. JP Morgan Employee: But, uh... you guys are under the capital requirements for an ISDA. JP Morgan Employee: By how much? JP Morgan Employee: [thinking] Uh... how much? One billion, four hundred seventy million. So... a lot. Charlie Geller: This makes us look bad, doesn't it? That we didn't know what the capital requirements were? JP Morgan Employee: Uh... it's not great. But keep up those returns and give us a call way down the line, you know. Okay?


Transcript

00:00:01.000 --> 00:00:02.085
Thank you
00:00:02.168 --> 00:00:06.339
But you guys are under the capital requirements for an ISDA
00:00:06.464 --> 00:00:07.465
By how much
00:00:08.132 --> 00:00:09.133
Uh
00:00:09.342 --> 00:00:12.072
One billion four hundred seventy million so
00:00:13.721 --> 00:00:15.265
a lot
00:00:16.516 --> 00:00:17.976
This makes us look bad doesn't it
00:00:18.001 --> 00:00:21.229
that we didn't know what the capital requirements were
00:00:21.312 --> 00:00:22.313
Uh
00:00:22.897 --> 00:00:24.315
It's not great
00:00:24.816 --> 00:00:26.109
But uh
00:00:26.192 --> 00:00:28.653
keep up those returns and give us a call
00:00:28.736 --> 00:00:30.053
way down the line You know

Clip duration: 32 seconds
Views: 236
Timestamp in movie: 00h 39m 00s
Uploaded: 19 March, 2022
Genres: comedy, drama
Summary: The men who made millions from a global economic meltdown.


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