Via scmessina Famous Greg Lippmann Deutsche Bank presentation sent to hedge funds arguing for the bet against subprime, mentioned in The Big Short: Inside the Doomsday Machine: The flipbook the FCIC interview mentions several times:”FCIC: It strikes me that the title of the flipbook is shorting home equity mezzanine tranches and not shorting subprime mezzanine tranches. Was there a focus on home equity mortgages or what was the reason for that?GL: That’s just a semantical issue. Home equity is a catch-all for subprime and home equity l[ie]ns, you know, which you may be more familiar with, where you have like a…
Greg Lippmann Famous 2007 Short Subprime Presentation [PDF]
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