“The Big Short”
1. What did Michael Burry say were the indicators of the housing market collapse during the Great Depression?
2. Michael Burry talks twice by phone with the Goldman Sachs representative to inquire about the valuation of the Collateralized Default Swaps (CDS). The first time the Goldman Sachs rep stonewalls Michael Burry (leading to Michael restricting sales of fund shares). The second time the rep is ready to “mark to market” the CDS. Based on the interactions between Michael Burry and the investment banker, how did Goldman Sachs bring AIG into this transaction? What would that do to the expected losses at Goldman Sachs?
Get Answers For Free
Most questions answered within 1 hours.