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I was involved with similar trades at JPMorgan and Citi. Investment bankers gave these presentations to hedge funds to convince them to short the housing market

by mifeng 6y ago

I was involved with similar trades at JPMorgan and Citi. Investment bankers gave these presentations to hedge funds to convince them to short the housing market. Then, they created a CDO, called the hedge fund the "manager" and tried to dump the bonds on Asian and Middle Eastern investors.

bottle2 6y ago
> tried to dump the bonds How did that go?
- nickff 6y ago
  Not sure if you are being sarcastic, but some (Goldman Sachs) were more successful than others (Morgan Stanley).
- icelancer 6y ago
  Pretty good, in actuality. Europe got it way worse than the United States.
  - simonebrunozzi 6y ago
    More details about this, if you can?
    - patrickk 6y ago
      Ctrl+F "Dusseldorf" http://www.peterfrase.com/2011/08/the-big-short-germany-and-toxic-financial-products/ http://www.peterfrase.com/2011/08/the-big-short-germany-and-...
      - simonebrunozzi 6y ago
        Thanks!
deleted 6y ago
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