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Michael Lewis bet on the subprime bubble

November 11th, 2008 · 3 Comments

Week 11 – Early Bets.since -3.5 is even worse than getting stuck at -3 when you could?ve had better odds, the wizard ran home from work , “bet” Free casinos and placed some bets and this is where we have it. the official range is anywhere from -5 to -0.5.
Michael Lewis on the subprime bubble bet.eisman wanted to bet that some subprime borrowers would default, causing bet free online casino the trust to suffer losses. the way to express this view was to short the bbb tranche. the trouble was that the bbb tranche was only , “bet” a tiny slice of the deal.

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3 responses so far ↓

  • 1 doeuauci // Feb 24, 2010 at 6:05 am

    Bet the ratings would be through the roof… Better yet, watch the “pay-per-view” version. Another revenue stream for the IOC! by PBL41. Feb 22 2010 5:08 PM. This kind of stuff should be promoted on Dancing with the Stars or some other equally inane … Michael Petrou, foreign correspondent for Maclean’s magazine, and Robert Fatton, Jr., professor of politics at the University of Virginia, join host Chris Selley to discuss the country’s short- and long-term prospects. …

  • 2 gzafyf // Mar 21, 2010 at 10:05 am

    Michael Burry always saw the world differently?due, he believed, to the childhood loss of one eye. So when the 32-year-old investor spotted the huge bubble in the subprime-mortgage bond market, in 2004, then created a way to bet against …

    A federal judge rejected a decision this week by the Securities and Exchange Commission to relax one of several provisions put in place after the dot-com bubble to prevent collusion between investment bankers and analysts at Wall Street firms. … The loner with a glass eye, a medical degree and Asperger’s who makes millions betting against the subprime mortgage-bond market is just one of the unlikely heroes in Michael Lewis’s ?The Big Short: Inside the Doomsday Machine. …

  • 3 nvje // Mar 23, 2010 at 3:05 am

    He figures prominently in the Gregory Zuckerman’s book, The Greatest Trade Ever, and also in The Big Short, Michael Lewis’s contribution to the sub-prime mortgage bond market crash canon. In Betting on the Blind Side, Lewis excerpts The …