The Big Short Page #5

did he awestruck you?

Mmhhhh.

Dr burry, we could work

out a pay-as-we-go

structure that would

payout if the bonds fail.

It would also apply to your payments

if the value of the mortgage-fund goes up

you'd have to pay us monthly premiums.

Is that acceptable Dr. burry?

Yes.. It is, yes.

Em.. I have prospectuses on,

six mortgage-backed securities

I want to show you

whispers the majority of

them are accepted mortgages.

Dr burry, these should be fine!

We're prepared to

sell you 5 million in

credit default swaps on

these mortgage bonds.

Can we make it a hundred million?

Absolutely! We can make

it one-hundred million.

We'll be in touch,

send some paperwork over.

I like these cups, could I take one for my son?

Have one, yes, yes!

Thank you!

Have two!

Is there any way to do two-hundred million?

We can...

But are you sure?

Absolutely...

Absolutely, we can!

We do, eh... different projects

we do gardening, we do

the bonds... I'd like to .. Eh...

It's not bad for yourself

to be found extreme

it's very cool!

Hey Randall, what with the Dom?

Bonuses aren't for three months.

We just sold 200 million in

credit-swaps for mortgage-bonds

some fund-manager from California,

f***ing crazy right?!

Only way to make money dog!

I didn't know there

were swaps on mortgages

there are now, we made it for him!

His head must have caught up with his hole

or do something... I don't know.

Want one? No?

Awwwww

Jared

did you hear about the deal

that Randall did with some fund-manager?

Randall?

Bullshit!

He's a foot-soldier,

I'm sure it's a sh*t deal.

No, it's for real!

I told you we'd meet later.

Unfortunately... it's in a place like this,

which I would never be in.

I never hung out with these idiots after

work, ever! I had fashion friends.

Apparently this guy wanted

two-hundred mill in credit default swaps.

Randall made the sale,

can you believe it?

Somebody shorted two-hundred mill

in mortgage bonds?

That was just with deutsche...

Word is... he had half the town.

How much in total?

1.3 billion

what?

That's... that's pretty much

all of scion's liquidity!

Michael, that's highly distressing!

Lawrence...

That is not all of our liquidity!

And I'm not certain that you

really understand this trade.

This is a certainty.

Mike, I consider myself a mentor to you.

But our company is not

comfortable with this investment.

Am I being clear?

Lawrence

I have full autonomy when it

comes to investment strategy

you can read our agreement.

Do not throw our acception-

agreement in my face Michael!

We had an underlying understanding,

you wouldn't act like a goddamn crazy man!

This is not crazy...

It's all very logical.

Rate this script:0.0 / 0 votes