HackerTube.runGood videos, with context.![The Big Short (2015) - Jared Vennett's Pitch to Front Point Partners (Jenga Blocks Scene) [HD 1080p]](https://i.ytimg.com/vi/xbiDrzTd8fE/hqdefault.jpg)
The Big Short (2015) - Jared Vennett's Pitch to Front Point Partners (Jenga Blocks Scene) [HD 1080p]
About this video
A scene from The Big Short in which Jared Vennett pitches credit default swaps on mortgage bonds to a hedge fund team, using a Jenga tower to illustrate collateralized debt obligations.
Why it appears in the archive
Used as a quick visual explanation of how CDOs packaged risky mortgage debt.
AI-generated summary and labels from the source dataset; verify important details against the video. Source & credits.
From the Hacker News discussion
The 2018 crisis was caused by CDOs - packaged mortgage debt which is going to default, mixed and dressed up as very safe debt, then sold on to some poor sucker (including you in your pension). [VIDEO] The article is saying that people are buying CLOs - packaged corporate debt which is going to default, mixed and dressed up as very safe debt, then sold on to some poor sucker (including you in your pension). TLDR: History repeats itself, first as tragedy, then as farce.
Read original comment ↗The Big Short also has an earlier explanation of a non-synthetic CDO ("we just repackage it [low-quality risky debt] along with a bunch of other shit that didn't sell and put it into a CDO"): [VIDEO]
Read original comment ↗PSA: you basically have to have seen the movie "The Big Short" to understand the analogy in the article. Or at least this scene: [VIDEO]
Read original comment ↗Its a great scene, but this one takes the cake: [VIDEO] "That's a nice shirt, do they make it for men?" "Somehow you're like Dora the Explorer and you're the first person who has found this thing..."
Read original comment ↗