The Big Short Investors Who Lost $9.4 Billion

Comments · 1.2K

• HA

  @HamishHodder · 3 years ago · pinned

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• JO

  @johnjim6793 · 1 year ago (edited)

  &quot;They are not confessing, they are bragging.&quot; - This is the definitive sentence that sums up the movie perfectly.

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• SM

  @smoideen · 1 year ago

  The rating agencies should have been sued into the ground and prosecuted with jail time. Don’t see any difference between their conduct and Arthur Anderson’s handling of Enron

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• JO

  @josephlopez4871 · 1 year ago

  The fact that no one went to jail over this is beyond maddening

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• BU

  @bubaks2 · 1 year ago

  The big short and margin call are both horrifying and great movies.

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• DA

  @danh945 · 1 year ago

  Hubler&apos;s story is the most damning of the entire system. The man who made one of the worst trades in history was right. He was right. He knew the crap would fail and was one of the first to spot it. And he held his nerve as well, because he knew it was going to happen, and he was right. His mistake? He trusted the very systems that were there to protect him, small time investors, and the entire financial system. His mistake was that he believed the good was good and the bad was bad. One of the worst trades ever made came from a guy who was right, simply because he trusted the system. That tells you everything.

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• DO

  @doresearchstopwhining · 2 years ago

  &quot;A real engineer builds bridges, a financial engineer builds, builds dreams. And when those dreams turn out to be nightmares, other people pay for it.&quot; - Andrew Sheng

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• JO

  @jonreznick5531 · 2 years ago

  I was working at a webcasting company called TalkPoint Communications and we were the ones who webcast the American Subprime Lenders Association summit, and the Eisman-Miller debate definitely happened--across my desk. There were raised voices, and I had a semi-circle of colleagues standing around me asking why a guy was yelling. <br><br>BearStearns was also one of our biggest clients, as was AIG and GoldmanSachs. We webcast the end of the world, and I nearly SHIT MYSELF when I saw this scene in The Big Short because I lived it in realtime.

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• MI

  @Mic_Glow · 2 years ago

  NINJA loan<br>I love the &quot;sub-prime&quot; wording too... a way to call total garbage something &quot;just slightly below perfect&quot;.... genius.

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• PE

  @penitent2401 · 2 years ago

  Make $42mil by fraud, get fined $7mil. Sounds about right.

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• JU

  @justinweber4977 · 2 years ago

  This actually makes Forensic Accounting sound like a fascinating career.

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• DO

  @docbradleydc · 1 year ago

  Made $42 million, fined roughly $10 million. Yeah, that should stop this garbage.

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