Screw Warren Buffett
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Richard Fuld:
[on the housing crisis]
You know, people act like we're crack dealers. Nobody put a gun to anybody's head and said, "Hey, nimrod, buy a house you can't afford, and you know what? While you're at it, put a line of credit on that baby and buy yourself a boat." Joe Gregory:
[chuckles]
You heard anything from Buffett? Erin Callan:
He's asking for preferred shares at 40, with a dividend of nine percent. Richard Fuld:
[annoyed]
We were just at 66. What the fuck? Joe Gregory:
Maybe it's just an opening gambit, Dick. Richard Fuld:
Sounds more like a goddamn insult! Erin Callan:
Dick, we're at 36 right now. We haven't been anywhere near 66 in months. The markets like Buffett. His name will push the price up overnight. Richard Fuld:
You know, I don't care who he is. I am not spending $360 million a year for the pleasure of doing business with him. Real estate will come back. Joe Gregory:
Koreans have been sniffing around. Richard Fuld:
There you go. And they won't steal us blind. I've seen this before: CEOs panic and they sell out cheap. Right now, the Street's running around with its hair on fire, but the storm always passes. We stand strong, and on the other side, we'll eat Goldman's lunch. Erin Callan:
So what do we do about Buffett? Richard Fuld:
Screw Warren Buffett
[on the housing crisis]
You know, people act like we're crack dealers. Nobody put a gun to anybody's head and said, "Hey, nimrod, buy a house you can't afford, and you know what? While you're at it, put a line of credit on that baby and buy yourself a boat." Joe Gregory:
[chuckles]
You heard anything from Buffett? Erin Callan:
He's asking for preferred shares at 40, with a dividend of nine percent. Richard Fuld:
[annoyed]
We were just at 66. What the fuck? Joe Gregory:
Maybe it's just an opening gambit, Dick. Richard Fuld:
Sounds more like a goddamn insult! Erin Callan:
Dick, we're at 36 right now. We haven't been anywhere near 66 in months. The markets like Buffett. His name will push the price up overnight. Richard Fuld:
You know, I don't care who he is. I am not spending $360 million a year for the pleasure of doing business with him. Real estate will come back. Joe Gregory:
Koreans have been sniffing around. Richard Fuld:
There you go. And they won't steal us blind. I've seen this before: CEOs panic and they sell out cheap. Right now, the Street's running around with its hair on fire, but the storm always passes. We stand strong, and on the other side, we'll eat Goldman's lunch. Erin Callan:
So what do we do about Buffett? Richard Fuld:
Screw Warren Buffett
Full Transcript
00:00:01.000 --> 00:00:03.298
People act like we're crack dealers
00:00:03.369 --> 00:00:05.132
Nobody put a gun to anybody's head and said
00:00:05.205 --> 00:00:08.641
Hey nimrod buy a house you can't afford And you know what While you're at it
00:00:08.708 --> 00:00:10.733
put a line of credit on that baby and buy yourself a boat
00:00:11.911 --> 00:00:13.242
You heard anything from Buffett
00:00:13.546 --> 00:00:17.812
He's asking for preferred shares at 40 with a dividend of 9
00:00:17.884 --> 00:00:20.318
We were just at 66 What the fuck
00:00:20.386 --> 00:00:22.354
Maybe it's just an opening gambit Dick
00:00:22.455 --> 00:00:24.002
Sounds more like a goddamn insult
00:00:24.009 --> 00:00:25.523
Let me get that Dick Thank you
00:00:25.692 --> 00:00:27.626
We're at 36 right now
00:00:28.161 --> 00:00:31.001
We haven't been anywhere near 66 in months
00:00:31.131 --> 00:00:33.998
The markets like Buffett
00:00:33.133 --> 00:00:35.931
His name will push the price up overnight I don't care who he is
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Movie Summary
Chronicles the financial meltdown of 2008 and centers on Treasury Secretary Henry Paulson.
