I can't talk.- Just one minute! - Yeah? Look, Bern, you're basically the only fundthat...
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I can't talk.
- Just one minute! - Yeah?
- Man: Look, Bern, you're basically the only fund
that hasn't gotten hammered. You're the one place clients
can turn to for liquidity without taking huge losses. It's the winner's curse. What... what, am I
supposed to be flattered that you just cashed out
a billion and a half dollars?
- Just one minute! - Yeah?
- Man: Look, Bern, you're basically the only fund
that hasn't gotten hammered. You're the one place clients
can turn to for liquidity without taking huge losses. It's the winner's curse. What... what, am I
supposed to be flattered that you just cashed out
a billion and a half dollars?
Full Transcript
00:00:01.000 --> 00:00:02.374
- I can't talk.
- Just one minute!
00:00:02.418 --> 00:00:04.071
- Yeah?
- Man: Look, Bern,
00:00:04.753 --> 00:00:07.296
you're basically the only fund
that hasn't gotten hammered.
00:00:07.339 --> 00:00:09.548
You're the one place clients
can turn to for liquidity
00:00:09.592 --> 00:00:11.258
without taking huge losses.
00:00:11.302 --> 00:00:12.884
It's the winner's curse.
00:00:12.928 --> 00:00:15.047
What... what, am I
supposed to be flattered
00:00:15.514 --> 00:00:17.617
that you just cashed out
a billion and a half dollars?
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Movie Summary
The fall of Bernie Madoff, whose Ponzi scheme robbed $65 billion from unsuspecting victims; the largest fraud in U.S. history.
