The Big Short Page #12

But hey, before you go...

I'm just wondering...

Uhm..

Why did you do this with us?

You didn't have to, and eh..

You know, thank you, but, eh...

Why?

You guys said you wanted to get rich!

Now you're rich!

As the housing-markets

and banks continues to

hemorrhage, only one of the

big shorts refused to sell.

Mark baum

so it was beyond perfect,

when he was asked to

speak at a conference

opposite Bruce Miller

famous bull-ish investor

after he and mark had their debate

Alan greenspan, one of the architects of

the whole crisis, was scheduled to speak

everyone in mark's office showed up,

even invited friends!

This... was the Ali versus

foreman of the financial world

realists versus the fools

and if it seems almost too perfect...

Trust me!

This happened!

Welcome everyone!

Please... give a generous welcome to...

Mister Bruce Miller... and mark baum

strap yourself in!

So as some of you may know, bear-stearns

has just received a loan from j.P. Morgan

of course we're gonna have to see

how the markets react

but that should lay to rest

any concerns about the bank self!

No, I take it, you have no plans to sell

your two-hundred million in bear-stock

no, as a matter of fact, when we're done

here, I'll probably go buy some more!

For the opposing view...

Mister baum

I gotta stand for this

okay, hi!

My firms thesis is pretty simple

wall-street took a good idea:

Lewis raneiri's mortgage-bonds

and turned it into an atomic bomb

of fraud and stupidity

that's on it's way to

decimating the world economy

how do you really feel?

I'm glad you still have a sense of humor!

I wouldn't if I were you!

Now, anyone who knows me, knows..

That I have no problem telling

someone they're wrong.

It's a disaster, it just says here,

they got a liquidity-bravo

but for the first time.. In my life..

Holy f***!

It's not so enjoyable

we live in an era of fraud in America

not just in banking, but in government

education, religion

food, even baseball

what bothers me...

Isn't that .. Fraud is not nice

or that fraud... is mean

it's that .. For fifteen thousand years

fraud and short-sighted thinking

have never ever worked

not once, eventually

Jesus

you'll get caught

we're at thirtyseven

things go south! -It's f***ing

plummeting man, it's f***ing plummeting!

When the hell did we forget all that?

I thought we were better

than this, I really did

and..

The fact that we're not, doesn't

make me feel all-right and superior!

It makes me feel... sad.

Every time I f***ing hit refresh it's

dropping man -and hope it does goes down!

And as fun as it is to watch..

Pompous dumb wall-streeters be wildly wrong

and you are wrong sir!

I just know that at the end of the day

average people are going

to be the ones, -that

are going to have to

pay for all of this.

Because they always, always do!

Thirtytwo?

Sh*t! It's thirty-two

yeah it's f***ing tanked man

that's my two cents, thank you!

I'm gonna drop a deuce at deutsche

does our bull have a response?

Only that in the entire

history of wall-street,

no investment-bank has ever failed,

unless caught in criminal activities.

So, yes!

I stand by my bear-stearns optimism.

Mister Miller, I'm sorry!

Quick question!

From the time you guys started

talking, bear-stearns'

stock is falling more

than thirty-eight percent

would you still buy more?

Yeah, sure!

Ofcourse I'd buy more, why not?

Baum!

Jesus Christ!

Oh no! That comcludes the first part of our presentation

up next, we have the legendary, former,

chairman of the fed, Alan greenspan!

Folks!

Employees of lehmann

brothers today, -as

the wall-street giant's

stock went to zero!

The collapse of the venerable New York bank

follows a tumultuous

few months of market

volatility, and fear for

the world economy...

I gotta see inside

how?

Come on

I left my phone in the office,

I threw my pass out already,

do you mind if I take your pass?

Borrow it? I don't

give a sh*t anymore, you

can do what you want!

Go directly to your

transportation, do not talk to

the press! -So that's it?

After eighteen years!

Go directly to your transportation,

do not talk to the press! -I just

leave? That's just f***ing great, I

can talk to whomever the hell I want!

Do not talk to the press!

Go directly to your transportation,

do not talk to the

hey look, you want to get a bit tonight?

There's this ehm...

This new Cuban place just opened at the

lower east side, so I suppose we could..

Ah really?

Yeah!

You and I?

Yeah and eh.. Other people

that sounds nice!

Yeah, I would like that, thank

you very much! -Finally!

Mark, hey!

It's a bloodbath up here

Morgan's stock has lost half its value,

it's down to 23,10

it's in a free-fall decline, so I wanted

to talk to you about pulling their money

I mean... it's now or never mark!

We gotta sell!

Mark!

Mark, do you hear me?

Mailbox #1, you have fifteen messages.

Mike I can't seem to get

a hold of you, could you

please call me at your

earliest convenience?

It's Jeff, I.. Eh.. You're buying stocks?

The market is at an all-time

low, this is crazy!

I met my wife on match. Com

my profile said that I'm a medical student

with only one eye

an awkward social manner,

and 145 thousand dollars in student loans

she wrote back...

You're just what I've been looking for!

She meant honest, so let me be honest...

The housing-crisis represents

the greatest financial opportunity

making money is not what

I thought it would be.

This business... kills

the part of life that is

essential! The part, that has

nothing to do with business

for the past two years, my insides have

felt, like they're eating themselves.

All the people I respected,

won't talk to me anymore

except through lawyers.

People...

Want an authority to tell them how to value

things, but they chose this authority

not based on facts or... results

they chose it because it seems

authoritative... Or familiar!

And...

I'm not, and never have been... familiar

so..

So I've come to the solemn realization

that I must close down the fund

sincerely, Michael j. Burry md.

This isn't how I pictured it

what do you think you'd find?

I don't know

grown-ups

mark, are you there?

Mark?

Paulsson and bernanke just

left the White House.

There's going to be a bail-out

well, they had to!

Right?

We paid for mortgages with collaterals

they knew!

Cash would have stopped coming out the ATM,

they had to back-stop this

they knew the tax-payers

would bail them out,

they weren't stupid,

they just didn't care!

Yeah, 'cause they're f***ing crooks!

But, at lest we're gonna see

some of them go to jail.

Right?

We need to gonna have to break up the banks

the party is over!

I don't know, I don't know...

I have a feeling, that in

a few years, people are

gonna do, what they always

do when the economy tanks.

They will be blaming

immigrants and poor people.

But mark was wrong!

In the years that followed,

hundreds of bankers

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