BEST of THE BIG SHORT #20 - Brownfield Fund and Scion Capital unload short positions

ooh did you hear the news okay so not only do two mortgage hedge funds backed by Bear Stearns go belly up but now there's a class action lawsuit against bear let's go what what so what there could really collapse here there's a risk we really shouldn't take what you've got 80% of our swaps what bear we lose a lot everything okay that's my opinion we bought we bought these [ __ ] things we have no clue out of stock we haven't been to do it I've been trying to call him and he won't get back to me no he's on vacation with his wife's family they're in England what hey guys guys yeah I probably got cell phone a Wi-Fi service I'm trying to sell 200 million dollars with securities in a pub it smells like sheep you could do this all right let's see what Credit Suisse's appetite is this is a brownfield fun I'm wanting to unload my credit default swaps all right what you got 20 W tranches of ABS CDOs absolutely the complete shit-faced value is 205 million dollars no we want at least 100 million because if you're a bank that you [ __ ] right off we can make a market just give me a best price yeah look if you don't want to deal you can just hang up that's what I thought 90 million 85 84 84 its dr. burry looks like the collapse of the financial sector is imminent I start to sell my position its 1.3 billion sure so I was right I took a rash [ __ ] for two years but I was right and everyone was wrong and yeah I got a bonus check for it sue me you know it's a lot of money I get it I could feel you judging me that's palpable but hey I never said it was the hero of this story hey hey man how we looking Hey good so sorry no 80 million 80 million 80 million that's good right 80 is great 80 is great thank you thank you so much thinking France froze customers money market accounts today the sinks hitting Europe Greece and Iceland is finished Spain is teetering are you serious I'm just wondering um why did you do this with us thank you you guys said you want to get rich now you're rich you

Channel: Olivier Bossard on Finance

Views: 1,865,339

Rating: 4.8655648 out of 5

Keywords: Finance, Higher Education, yt:cc=on

Id: vWLOM5KTT9w

Length: 4min 4sec (244 seconds)

Published: Thu Jul 11 2019