The Big Short: Watch 10 Dark and Hilarious Minutes From the Film

first of all how was your travel how are you one eventful uneventful okay I've been here for six hours already been to the gym I had two poached eggs and I play blackjack with Harry Dean Stanton thank you for your hiring FaceTime that's like space time to gather information we're gathering information okay we're not advertising our short position right we don't want to spook everybody can you do that I know you got a big mouth you like to run it can you just okay you shut her feeling okay yeah don't worry we'll play nice ladies and gentlemen business is good profits are strong and the mortgage continues to be the bedrock on which this economy is built we have to take some losses in our subprime Department last year but those losses will be contained at only 5% now in our residential sector Mark's rule out of those variable rate packages were gobbled up by the bargain I have a question please sir the Q&A is after my statements but you know what you see thank you how can I help how are you fine thank you would you say that it is a possibility or a probability that subprime losses stop at 5% thank you I would say it is a very strong probability indeed so I'm back to the residential sector when we rolled out the new variable rates Packers make the UM yes sir zero zero there is a 0% chance that your subprime losses will stop at 5% zero excuse me I have to take this he must be from Bank of America myself I'm really not doing anything right now and as I was saying our residential to the kids consumers reacted to our packages my mom really did that when we were in Vegas he did that he said that he took the call now you see what I had to deal with Oh is it awesome I need to see the old machine to run for another two years and then I'm riches and I got my house in hospital okay yeah but do you have any concerns about the performance of the underlying securitizations it's easy to see that delinquencies and a default rates are on the rise right now could you please stop being such a buzzkill dude we didn't bring you out here and talk about work bro why'd you bring us out here because we need to be able to expense the ammo to a client we go shoot some terrorists watch out oh he's getting more on tool yes boom German we need to be buying up every swap we can get our hands on hold on okay hold on my brother's ex-girlfriend works for the SEC she just told me she's in town okay so if we're missing something maybe she can tell me you know give me some insight meantime you go to the main floor pricing your swaps um well actually we're about to invest in housing bonds and I was just wondering if the SEC is worried about them I know I know you're not allowed to tell me specifics but just generally oh we don't have esta gate mortgage bonds for this since we got our budget cut we don't have s to get much then why are you here I thought I'm not here for the esse I'm here my own dad I'm putting my resume to some big banks how's your brother by the way how are you floating your resume to big banks I mean you're supposed to be the ones you know policing the big bank grow up Jamie there must be some kind of law against working for a financial institution right after you've been working in financial regulation right hey come over here what are you doing with old men's yeah we can do triple b-level swaps in 500 basis points maybe you're pricing the swaps like the bond is gonna collapse even though the bond values going up really exciting times what the hell is going on Louis can you come in early tomorrow please I need to unload the AIG and countrywide freddiemac position so we can afford the premiums on the core mortgage shorts on the swaps cup out Magdeburg dr. burry hmm if the investors withdraw what's gonna happen here are we done honestly I don't know the the bonds aren't going down they won't move it's possible that we are in a completely fraudulent system or you're you're wrong sure it's possible just at least in the well oh I guess when someone's wrong they'd never see in the morning yeah even bear up their prices and they keep calling us brownhole just don't have the money or the reputation don't take a person I don't think I have this trip coming me tonight I'm just gonna get some pins around watching pay-per-view I'll book us some flights off to the morning this deal we need a deal right a deal um we need a deal we can afford we need to deal that they're if they're not gonna refuse so what can you do we can the double a tranche is what if we bet against the double a tranches who's not gonna take that bet we know that they say they're 95% triple-a rated but in reality they're more like 25% some of them are zero Christin we also know that if the bottom tranches fail at over 8% the upper tranches are affected they go to zero I'll bet you right now that those double e's are actually like B's I rarely ever say these words but I think Charlie's right look Ben the payoff as two hundred to one they're all taking the ratings of face valley they're charging pennies on the dollar of etiquette of the place just when I started thinking you guys are clowns no one on the planet is betting against double-a thanks we'll think we're either high or having a stroke and he'll take every dime we had dog kind of brilliant this is what we did that no one else thought of not even Ballmer Barry thought too short the double A's but we did little brownhole capital so we're interested in shorting some of the double-a tranche of CDOs come on Gossett was saying I'll get no angle we're done indivisible just hope you want to do 15 million and swaps on the double a crotch I don't understand you can buy as much double a trans as you want ha ha 40 million against the double in but I will sell you as much as you want understand for son mmm Culley oh stop it stop what you have any idea what you just did come on we just made the deal of our lifetimes we should celebrate just bet against the American economy yeah we did huh yeah that's me Oh which means if we're right if we're right people lose homes people lose jobs people lose retirement savings people lose pensions you know what I hate about banking it reduces people to numbers here's a number every 1% unemployment goes up 40,000 people died did you know that oh you know that no I didn't know that we're just excited stupid dance

Channel: IGN

Views: 3,607,252

Rating: 4.8184566 out of 5

Keywords: the big short, ryan gosling, steve carell, brad pitt, christian bale, Clip, The Big Short, movie, IGN, minutes

Id: EqjrWefjkUk

Length: 10min 0sec (600 seconds)

Published: Wed May 11 2016