The Big Short Page #6

and ehm...

I've been very clear!

People will withdraw their money!

Why? You'd have to be so stupid!

If, if if the funds capitol

drops too much...

Then the swaps contracts are voided

and then the banks...

Get to keep all of it, all of it!

The contracts are voided?

The contracts are voided!?!

Holy sh*t!

O, motherf***er!

Michael...

Give me my money back.

Michael, do you hear me?

I want my money back!

Give me my f***ing money back!

You motherf***er!

The market is in an itsybitsy

little gully right now

like everybody said: "Ok, that was

crazy, let's just all calm down!"

I sold that house for 350,

the year it was built.

Two years later... 480, then 585,

maybe eighteen months ago.

This couple bought it for 650 last year!

He'd let it go for that...

I don't

it will break his heart,

but he'll let it go

why is he selling?

Neither one is working right now

surely, they're motivated right?

As motivated as one can be

in this neighborhood.

This house on the left,

I'd say they're properly motivated.

Wow!

A lot of people seem very motivated.

It's just a gully that's all.

Just nerves

so... where do we stand?

I need to talk to my wife

ehm..

This market will last!

Actually, can I talk to a mortgage broker?

Anybody you recommend? Anybody you like?

Yes, yes,

there's someone, absolutely!

Yeah, b*tch better like me,

sent her ass to Cabo!

So is Morgan Stanley recruiting us?

Is that..

No, eh no.

The bank owns our hedge-fund

we're not really a part of it,

we invest in financial service companies.

We're trying to understand the

residential mortgage business.

How many loans do you write each month?

I don't know, about six

what was it four years ago?

Ten... but maybe fifteen.

I was a bartender,

now I own a boat!

So, how many of these are eh..

Adjustable rate mortgages?

Well, most.

Yeah, I'd say about ninety percent

the bonuses on those

skyrocketed a few years ago

adjustables are bread and honey

so, do applicants ever get rejected?

Seriously?

Look if they get rejected

I suck at my job!

Even if they have no money?

Well, my firm offers a ninja loan.

No income no job application, I just leave

the income-section blank if I want.

Corporate doesn't care.

These people just want homes,

and they go with the flow.

Your companies don't verify?

If I write a loan on Friday afternoon,

big bank is gonna buy it by Monday lunch.

Deal!

Same here!

Could you hold on a second?

Yeah

I don't get it...

Why are they confessing?

They're not confessing...

They're bragging!

Do people have any idea

what they are buying?

I focus on immigrants!

Once they find out they're

getting homeless..

They'll sign where

you tell em to sign.

They don't ask questions,

don't understand the rates.

And you target them with red soup?

Their credit actually

isn't bad enough for him.

Look I'm a yield guy

I make two thousand on a fixed rate prime

but I can make ten thousand on

a sub-prime adjustable

trust me, I'm not driving that

7-series without strippers

no-one on the pole has good credit,

and they're all cash-rich.

Who's Warren buffett?

Ok, so, strippers...

Like exotic dancers...

Nude, 'n all...

Topless..

Strippers?

Yeah, hmmmm.

Can you introduce us?

Yes!

Yes!

I always get option to pay adjustable.

I'm a private contractor.

Can't hear you, I'm sorry!

I always get option to

pay adjustable, I'm a

private contractor, I

need the flexibility.

And you tell the mortgage

company what you do?

I write:
Therapist

you can touch me!

Always?

Only in v.I.P.

No, no, no you say

you always do adjustables

and you have more than

one loan on a property?

Everybody does!

At least down here

I'm sorry what?

Everybody does!

At least down here

that way you'll only put

down like five percent

well prices have leveled off though, right?

Yeah, it's a gully

would you mind not moving anymore?

I'll still pay you!

Sorry...

We're not alone.

Ok, look..

If home-prices don't go up,

you are not going to be able to refinance

and you're going to be stuck paying

whatever your monthly payment is once it

jumps up, whenever your tisa-rate expires

your monthly's could go up

two-to three hundred percent!

James says I can always refinance!

Well... he's... a liar.

Actually in this particular case,

James probably is wrong.

Two-hundred percent?

On all my loans?

What do you mean? We're talking

about two loans on one house right?

I have five houses

and a condo..

Hey, there's a bubble!

How do you know?

Trust me. Call vennett,

buy 50 million in swabs on the nbs

what do we got?

Garibaldi's are bbb!

Mark, are you sure?

Yeah, yeah! It's time to call bullshit!

Bullshit on what?

Every f***ing thing!

Is this America's angriest hedge-fund?

Hi listen, I got one last question for you

how are you f***ing us?

There's a nice way to say that Vinnie...

I'm serious

we'll buy your swaps,

but only if you say how you're f***ing us.

I'm not f***ing you Vinnie,

I'm kissing you

I'm looking deep into your eyes

as I make love to you Vinnie.

I'm handing you the deal

of the century on a f***ing platter!

What do I get out of it?

Easy..

I got a 20 million a month negative carrier

I got bosses trying to

pull the plug, because

they're thinking I'm

out of my f***ing mind

alright?

We make this trade,

those problems aren't so big anymore

and sure... swaps are a dark market so...

I set the price, whatever price I want.

And when you come for the payday,

I'm gonna rip your eyes out

I'm gonna make a fortune

but the good news is Vinnie,

you're not gonna care

cause you're going to make

so much f***ing money!

That's what I get out of it

wanna know what you get out of it?

You get the ice-cream, the hot-fudge,

the banana and the nuts!

Right now I get the sprinkles

and yeah... if this goes through...

I get the cherry.

You get the sundae!

Alright, I'll buy that.

Thank you!

So what do you say?

Want me to make you a market?

We'll take 50 million

garibaldi-4 triple-b

sharpen your pencils,

I'll get the paperwork ready

aahhh... f*** you too!

Yes!

That's right!

He has so many numbers,

and I always forget,

which one he prefers, cause he's very specific!

Just pick the first one

I don't know if it's the first one

just try it!

Ok

Ben ricker

hey Ben it's Jamie!

Jamie, you know you're not

supposed to use this line.

Told ya...

Ok, let's try number two out of fourteen.

Ben ricker

Ben, why do you do that man?

You're a retired trader, ok..

No-one is listening to your calls!

The NSA has a 52 billion dollar budget

and the ability to tens of millions calls

a second, you think they're not using it?

Ok, I promise I will refrain from saying,

Ben ricker and dirty bomb

in the same sentence

Jesus!

I'm sorry dude!

Ben ricker

did you get a chance to look at

what we sent you Ben?

It's Charlie...

I'm here too!

Hi Charlie, yeah I did, hold on!

Ben, you still there?

Yeah

I'll be honest gentlemen

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