Quote:
Originally Posted by
tony bagadonuts
You run your mouth awful reckless.
Aside from this outrageous pejorative your overall summary is spot on.
I reread Liar's Poker recently as well as The Big Short. Amazing how they tie together a 20 year arc.
Were you a mortgage broker? There were stories of bartenders who were made mortgage brokers and lived lavish and large.
They and their kind were young and inexperienced and thought perpetual motion had been invented.
They were just hustling. In fact, the buyers of mortgages were desperate for product. They’d call the broker begging for new paper that they would in turn package up and resell to your insurance company or whatever.
The brokers needed to find new borrowers to keep their customers happy and pay for bottle service that night.
Their Lambo got 9mpg
Salesmen sold.
The arc of Liars Poker 1987 & The Big Short is amazing and just the biggest exercise in coincidence and chance.
What interests me recently is that Micharl Lewis is canoodling with his new gal pal Elizabeth Warren and it is making me uncomfortable But I’m listening.