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…
This content is exclusively for paying members of Hedge Fund Alpha
Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha
Don’t have an account?
Subscribe now and get 7 days free!
