The Big Short2015
Genre: Biography, Comedy, Drama
Rating: R
Runtime: 130 minutes
[Mark is talking to CDO manager Wing Chau in a Vegas restaurant]
Mark Baum:
Hold on, hold on, say that again. CDO A has parts of CDO B and CDO B has parts CDO A, but then both get put inside CDO C?
Wing Chau:
Yep, and that one's called a CDO Squared - a CDO of a CDO. And then there are CDOs made up of the opposite side of the bet you made with swaps. We call them synthetic CDOs.
Mark Baum:
What did you just say? "Synthetic CDOs?" That is f***ing crazy.
Wing Chau:
It's not, it's awesome!
Mark Baum:
Alright, let's say you have...50 million in subprime loans. How much money could be out there betting on it through these synthetic CDOs and swaps? Right now, tonight?:
Wing Chau:
50 million? A billion dollars.
Mark Baum:
[astonished] What?
Jared Vennett:
[voiceover] If the mortgage bonds that Michael Burry discovered were the match...
Mark Baum:
How much bigger is the market for insuring mortgage bonds than actual mortgages?
Wing Chau:
About twenty times.
Jared Vennett:
[voiceover] If the mortgage bonds were the match, and the CDOs were the kerosene-soaked rags, then the synthetic CDO was the atomic bomb with a drunk president holding his finger over the button. It was at that moment, in that dumb restaurant with that stupid look on his face, that Mark Baum realized the whole world economy might collapse.
Submitted by wikidude on July 19, 2022
Translation
Find a translation for this quote in other languages:
Select another language:
- - Select -
- 简体中文 (Chinese - Simplified)
- 繁體中文 (Chinese - Traditional)
- Español (Spanish)
- Esperanto (Esperanto)
- 日本語 (Japanese)
- Português (Portuguese)
- Deutsch (German)
- العربية (Arabic)
- Français (French)
- Русский (Russian)
- ಕನ್ನಡ (Kannada)
- 한국어 (Korean)
- עברית (Hebrew)
- Gaeilge (Irish)
- Українська (Ukrainian)
- اردو (Urdu)
- Magyar (Hungarian)
- मानक हिन्दी (Hindi)
- Indonesia (Indonesian)
- Italiano (Italian)
- தமிழ் (Tamil)
- Türkçe (Turkish)
- తెలుగు (Telugu)
- ภาษาไทย (Thai)
- Tiếng Việt (Vietnamese)
- Čeština (Czech)
- Polski (Polish)
- Bahasa Indonesia (Indonesian)
- Românește (Romanian)
- Nederlands (Dutch)
- Ελληνικά (Greek)
- Latinum (Latin)
- Svenska (Swedish)
- Dansk (Danish)
- Suomi (Finnish)
- فارسی (Persian)
- ייִדיש (Yiddish)
- հայերեն (Armenian)
- Norsk (Norwegian)
- English (English)
Quote of the Day Today's Quote | Archive
Would you like us to send you a FREE inspiring quote delivered to your inbox daily?
Citation
Use the citation below to add this movie quote to your bibliography:
Style:MLAChicagoAPA
"The Big Short Quotes." Quotes.net. STANDS4 LLC, 2024. Web. 23 Dec. 2024. <https://www.quotes.net/mquote/1216387>.
Share your thoughts on this The Big Short's quote with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In