the last 15 years on wall street part ii
DESCRIPTION
STICKMEN PUNK WALL STREETTRANSCRIPT
wealthmark
Typewritten Text
Fat-Cat Boardroom at same Wall Street Bank
wealthmark
Typewritten Text
wealthmark
Typewritten Text
wealthmark
Typewritten Text
wealthmark
Typewritten Text
wealthmark
Typewritten Text
wealthmark
Typewritten Text
wealthmark
Text Box
Well... those tech stocks didn't work out so hot.
wealthmark
Text Box
It was a bubble... investors should've known better
wealthmark
Text Box
Now we have a real opportunity to sell bundles of mortgages
wealthmark
Text Box
Real Estate has done nothing but go up... and many of these mortgages seem to have weak credit quality??
wealthmark
Text Box
We need to sell them to get 'em off our books! Plus, we make a ridiculous profit for packaging them up, it's a win-win... for us!!
wealthmark
Text Box
Don't we have a moral obligation to look out for all the stakeholders?
wealthmark
Text Box
BHAHAHAHAHAHAHAHAHA
wealthmark
Text Box
BHAHAHA
wealthmark
Typewritten Text
Institutional Sales Desk - same Wall Street Bank
wealthmark
Typewritten Text
wealthmark
Typewritten Text
wealthmark
Typewritten Text
wealthmark
Typewritten Text
wealthmark
Typewritten Text
wealthmark
Typewritten Text
wealthmark
Typewritten Text
wealthmark
Text Box
Are you sure about the credit quality on these mortgage securities?
wealthmark
Text Box
Of course, these things are solid!!
wealthmark
Text Box
Look, we know these things are going to default... that's why buying our credit default swaps is a no-brainer!