6 hours ago · Politics · hide · 0 comments

Pamiętacie tę scenę z pierwszego aktu The Big Short? Oczywiście że pamiętacie, to ta scena ze wstawką z Anthonym Bourdainem mówiącym o jedzeniu trzydniowego halibuta. Jared Vennett: You want me to really blow your mind? When the market deems a bond too risky to buy, what do you think we do with it? Take a guess.Vinnie Daniel: I don't know. You tell me.Jared Vennett: Alright, you think we just warehouse it into the books? No. We just repackage it with a bunch of other shit that didn't sell and put it into a CDO.Mark Baum: A CDO?Jared Vennett: Yes, a CDO.Mark Baum: What is that?Jared Vennett: This is where we take a bunch of Bs, double Bs and triple Bs that haven't sold and put them in a pile. When the pile gets large enough, the whole thing is suddenly considered diversified. Then the whores at the rating agency give it a 92, 93% Triple A rating, no questions asked.Mark Baum: Say that again. Tak mi się jakoś skojarzyła jak czytałem że banki próbują sprzedać kredyty udzielone na budowę…

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