The Big Short: Betting Against The Housing Market
00:00 - 02:50
2m 50s
cte
credit default swap
investing
derivatives

Michael speaks with representatives at Goldman Sachs to purchase credit default swaps on mortgage bonds. They explain that this means he is betting against the housing market, that millions of people won't be able to pay off their mortgages. Michael surprises them throughout the conversation but especially when he asks to purchase $100 million instead of $5 million in credit default swaps.

0

Comments


Please sign in to write a comment.

Related Clips


Has profanity
cte
positioning
product marketing
cte
a new approach on marketing
new product marketing
archaeologist
careers
lifestyle
cte
paleontologist
artifact
excavate
survey
cte
print advertisement
media