The way he stroked the numbers as a way to see if it is real and to feel the amount. That is the part of this scene that is the most human. I can not imagine I wouldn't do the same thing when holding that check.
Gotta hand it too him though. He got laughed and fucking humiliated on Wall Street for years because of his short position. Then the whole market fell and he was the one with the last laugh. A very wealthy one too.
His position was much more complex then a simple directional short. It wouldn't lose money if the market stayed 'business as usually' since he sold the BBB CDS's to Baum
I think he more got lucky that he happened to not be out with "his fashion friends" that night and saw the foot soldier ballin'...what he did have was the courage to believe it and go in on it...
@@shaochiavang The housing market collapsed therefore the value of everything fell... he could have bought real estate for pennies on the dollar and held onto it til today where the value would be double now.
@@The_yeffy1 And if he sold now, he would get massive profit sins the current market is Experience massive changes (just like the market did before the 2008 crash)
The real problem wasn't Greg Lippmann's (Jared Vennett's) bonus. He made billions for Deutche. When you consider Howie Hubler (Benny Cleagar), Joe Cassano, etc. got paid millions while running their companies into the ground, that's where the problem arises.
This was one of my favorite films of the past few years. Goes to show there's no need for fancy special effects and big explosions and dead bodies all over the place and a $300 million budget. A good script + talented actors + a deft director = Excellent Movie.
My favourite part of the movie is when Jared looks into the Camera and says "i can feel you judging me". He knows what happened was not right. You can tell. He isn't Proud he made the money. He's just saying he was right about his predictions. This pretty much happened in real life. More people should be in Jail. So many families lost their homes. Who knows? maybe some are still homeless uo till now. It should never have been allowed to happen. The worst part.... it could actually happen again! The Big Short in my own humble opinion is an X rated horror movie.
There were guys getting up to 100M$ in one bonus check at Deutsche before everything went to shit...can you imagine how much money they made for the bank?
w87g8765 Looks like the one I was talking about went to Jail. I was wrong with the 100m it was 90m British pounds around 126m like the article says. www.google.de/amp/s/www.bloomberg.com/amp/news/articles/2018-03-19/from-a-126-million-bonus-to-jail-the-fall-of-a-star-trader
@@jon-unicorn-doxxer thats ryan gosling bonus for getting steve carrell crew for getting them to invest in the portfolio of triple bbb swaps. Since noone really knew about the scenario he got to price the market. Smart man but since they both parties were disclipined and held it was a win win for everyone
@@PerceptiveJuni so why he only needs to pay 15 percent tax? it's definitely not capital gains or dividend income...i thought income tax in US is 35+ Percent...
@@notahamster333 little unknown fact is that his assistant was actually just a fuckstick of an extra in the movie but him and Gosling got along so well off screen that they wrote him a part in the movie
Ok. This was the only part of the film i still dont quite understand. I initially thought Vennett sold the swaps to Baum for the commission, but after watching it again it hit me that he doesn't make his bank until after the crash. So obviously i missed something. So...what angle was Jared playing?
I think Jarad was able to setup the structure needed for Baum to buy and short the housing market. Remember when the 2 young independent guys are going around trying to get a bank to sell them shorts but they couldn't find anyone to do it? I think Jarad is an example of it going the other way, a person from the bank looking for a buyers for housing market shorts.
@@FirstLast-gk6lg but still there is something thay does not make sense. How come the bank does not audit the contracts its employees are making, i mean it is clear that the banker and the bank interests were not aligned, how come they let it go through?
@@macealvaro2 by contracts you mean the MBS? I think there were just too many to audit. I think the montage of Berry going through paperwork towards the beginning of the movie is a reference to him being one of the only people really looking at this mountain of data. And at another point in the movie someone doubts that Berry had actually read the documents and says something like "even the lawyers who wrote them haven't read them". And as for the concept of giving shit loans, the banks knew the Fed would back the loans so they had no incentive to care about the risk profile of individual housing contracts.
Most people misunderstand what an Investment Bank is. IBs offer their service to clients one among which is to sell investment products to institutions with money to investment (Hedgefunds, Sovereign Funds, Pensions etc.). Jared is the head of asset backed securities, which is a unit in the fixed income department at Deutsche. His job is to look for investment ideas and sell them to clients. He found out that Burry had shorted the housing market by buying swaps. His research showed that there was indeed a housing bubble and pitched his idea of buying swaps to clients, most of whom did not believe him. He convinced Baum to buy them and hence earned a commission(bonus) on the sale.
you call whoever wrote you the check, they void it and then write you another one. nobody's actually writing a bonus check that big, i would assume they would get you in a meeting to sign some papers and then wire that to you. that's just crazy money
@@shuarma0 Surely an employee of Deutsche would have an account with Deutsche. So why on Earth would Deutsche write him a check when they could just transfer funds intra-bank.
@@BurriedTruth well that's even better for my argument then, you commit fraud on pretty much any other job and you get arrest(if you get caught at least)
Dab Daniel lawmakers made financial laws so very convoluted and difficult that its almost impossible to jail or take down any of those banks. Watch some videos from professor werner, even the way banks books are calculated is skewed af
The question that arises in my mind is that since the guy is an employee of the Deutsche bank, why on Earth did Deutsche write him a check, instead of just putting it in his account? After all they're a bank themselves, he must be having a bank account with them and it's be so much easier and obvious to just transfer the funds intra-bank. I'm guessing this was just a screenplay decision.
@@ReaverLordTonus "bank like that" Name me one Western Bank that isn't "like that". Where will he even run? Either way, that still doesn't change that employees of banks at least would have a salary account provided to them as it is, from which he could then sweep it elsewhere.
Can you re-upload this in better quality? You dont need to delete this one, keep your views. Just provide a link in the description & an annotation to your new upload
He wasn’t gambling with people’s life savings. He got a bonus for selling the credit default swaps to Frontpoint and collecting the premiums on it. Frontpoint in turn profited when the underlying assets to the swaps failed.
skg_to_arl he wasn’t a fixed income sales person. He was Deutsche’s global head of asset backed securities. He didn’t need to be on the trading floor to make money. He would have had hundreds of people below him executing the trades etc while he was in meetings and what not
very liberally made movie. ok and accurate to a point and not giving blame to the govt. nearly enough. but. Making money isn't a bad thing. He made it from the evil actions of others, not himself. And actually the crooks involved should have went to prison for YEARS
Bruh Jared Vennett is my favorite character. Ryan gosling LITERALLY sells me his charisma
Ryan Gosling is literally me
Wow man thats crazy man
Jared Vennett is literally me
You're too close💀
The way he stroked the numbers as a way to see if it is real and to feel the amount. That is the part of this scene that is the most human. I can not imagine I wouldn't do the same thing when holding that check.
I would have licked it. 🤑
He’s probably thinking “they won’t cash this as some dumbass spelled it FOURTY”
@@Drucio The way you guys are going you gonna have to make them write you a new one
He can now afford Health Insurance.
Lmao
Gotta hand it too him though. He got laughed and fucking humiliated on Wall Street for years because of his short position. Then the whole market fell and he was the one with the last laugh. A very wealthy one too.
His position was much more complex then a simple directional short. It wouldn't lose money if the market stayed 'business as usually' since he sold the BBB CDS's to Baum
“They call me chicken little”
I think he more got lucky that he happened to not be out with "his fashion friends" that night and saw the foot soldier ballin'...what he did have was the courage to believe it and go in on it...
Its not his short position. He was a Salesman. But he had the right product to sell.
@@DK-bm5rgThey call me Bubble Boy
in 2008, just after the crash...47M is more like 100M.
I don't think so...
@@shaochiavang he's absolutely correct
@@shaochiavang The housing market collapsed therefore the value of everything fell... he could have bought real estate for pennies on the dollar and held onto it til today where the value would be double now.
@@The_yeffy1 And if he sold now, he would get massive profit sins the current market is Experience massive changes (just like the market did before the 2008 crash)
Especially if he rolled that into investments and buying up stock when all those shares were rock bottom!
"It's palpable." Absolutely perfect delivery of that two-word line.
Me when bought doge at 7 cents and then sold at 10 cents
you literally crashed the whole crypto market to get rich. hope youre proud of yourself.
Not Me when I bought $300 worth of Doge at $0.003 a coin and sold it a week later.
I forced my bf to hold his Doge until it reached like $.49, on Binance. He sold all of it and like right after, Binance crashed! Lol
@@ThumbsHunterProblem?
"they called me bubble boy"
Was that a Seinfeld reference?
The real problem wasn't Greg Lippmann's (Jared Vennett's) bonus. He made billions for Deutche. When you consider Howie Hubler (Benny Cleagar), Joe Cassano, etc. got paid millions while running their companies into the ground, that's where the problem arises.
You can't blame the guy that jump ship early for the Titanic basically, blame the Corporation and Crew thats in charge of it.
This was one of my favorite films of the past few years. Goes to show there's no need for fancy special effects and big explosions and dead bodies all over the place and a $300 million budget.
A good script + talented actors + a deft director = Excellent Movie.
Best scene in the entire movie
And now, deep_fucking_value gets his 47M check
🚀🚀🚀
Nah he's not a paperhanded biyach. 4.7 billion at the minimum.
@@MuhammedMuhammed-xd7qo he sold ages ago sorry to break it to you
@@Ducey77 he didn't lmfao
@@Ducey77did he sell though?😂😂😂
I love how ryan play this character👍💪
Who's the Bubble Boy now? huh?
he was not happy with the money, but that he was right
How much did Chris make? Poor man deserves a pay check too.
"shut your fucking mouth"
"They should've paid 10% to my fuck-stick assistant"
I'm sure whoever Lippmann's assistant was at Deutche got paid handsomely too.
"Fucken Ay Jared"
Toss Coin
The quant deserves a few yuans too.
GME holders today
Tbh I feel I should make an edit about the 400cad pesos I made.
/u/DeepFuckingValue today
He seems to be channeling Dean Winters. “Hi. I’m Mayhem.”
My favourite part of the movie is when Jared looks into the Camera and says "i can feel you judging me". He knows what happened was not right. You can tell. He isn't Proud he made the money. He's just saying he was right about his predictions. This pretty much happened in real life. More people should be in Jail. So many families lost their homes. Who knows? maybe some are still homeless uo till now. It should never have been allowed to happen. The worst part.... it could actually happen again!
The Big Short in my own humble opinion is an X rated horror movie.
I swear to god this is The Office’s style
Hey, hey Ben!
There were guys getting up to 100M$ in one bonus check at Deutsche before everything went to shit...can you imagine how much money they made for the bank?
really? Where did they go after
w87g8765 Looks like the one I was talking about went to Jail. I was wrong with the 100m it was 90m British pounds around 126m like the article says.
www.google.de/amp/s/www.bloomberg.com/amp/news/articles/2018-03-19/from-a-126-million-bonus-to-jail-the-fall-of-a-star-trader
they sold the spell checker for Fourty Seven Million
"Chase a check, never chase a bitch."
Future, mask off
He deserves more.
he's only want the cherry
and the sprinkles@@drakesakaki5010
Let the roaring 2020s begin.
Brilliant acting Ryan G..
Me upon hearing the news Musk is going to be forced to buy my TWTR shares
Damn Ken took the Kendom too seriously
Bennett did a risky thing.... and he succeeded! He deserved his bonus when all others should not have got any.
Ryan Reynolds plays Ryan Reynolds now his Mint Mobile sale has gone through. 😁
This should have been the REAL ending of the film. Remember, Jared, NEVER said he was on your side., He just wanted to make money…
I thought he was the best character. When you know you are right and no one is listening you got to take your bets.
If I ever win the lottery, I'll say the exact same thing haha
you wouldn't want it in real cash so you can roll around it naked.
@@slewone4905 nope. That's so 90s. I will just take a photo of the cheque and brag on IG
you get happy and then realize that half of it goes to taxes :(
Not entirely. He held his investment for over a year. He only had to pay 15%. If they hadnt already taken the taxes out.
@@PerceptiveJuni is that his investment? I thought that his bonus/compensation?
@@jon-unicorn-doxxer thats ryan gosling bonus for getting steve carrell crew for getting them to invest in the portfolio of triple bbb swaps. Since noone really knew about the scenario he got to price the market. Smart man but since they both parties were disclipined and held it was a win win for everyone
@@PerceptiveJuni so why he only needs to pay 15 percent tax? it's definitely not capital gains or dividend income...i thought income tax in US is 35+ Percent...
Frankly, I wouldn't mind getting "just" 23.5 mil greenbacks. Like, at all.
What about the Quant? How much did good ol Yang make?
Or his fuckstick of an assistant
@@notahamster333 little unknown fact is that his assistant was actually just a fuckstick of an extra in the movie but him and Gosling got along so well off screen that they wrote him a part in the movie
Actually his name is Jung…
@@j.m.8558and he won 2nd prize in the national math competition
Gotta 💎🤚
That's a nice shirt.
Do they make it for men?
am waiting my paycheck just like that
I'm*
You’re never going to get it if you don’t do anything to get it, Jared busted his ass and got laughed out of every office he went into for years
Anyone noticed that "Forty" is incorrectly spelled "FoUrty" on the cheque? Good luck to him cashing that cheque.
bonuses for partners be like 🤣
Hey girl...
Ok. This was the only part of the film i still dont quite understand. I initially thought Vennett sold the swaps to Baum for the commission, but after watching it again it hit me that he doesn't make his bank until after the crash. So obviously i missed something.
So...what angle was Jared playing?
I think Jarad was able to setup the structure needed for Baum to buy and short the housing market. Remember when the 2 young independent guys are going around trying to get a bank to sell them shorts but they couldn't find anyone to do it? I think Jarad is an example of it going the other way, a person from the bank looking for a buyers for housing market shorts.
And since he is the bank guy selling the shorts, he gets paid when they pay out which in this case is when the market crashes
@@FirstLast-gk6lg but still there is something thay does not make sense. How come the bank does not audit the contracts its employees are making, i mean it is clear that the banker and the bank interests were not aligned, how come they let it go through?
@@macealvaro2 by contracts you mean the MBS? I think there were just too many to audit. I think the montage of Berry going through paperwork towards the beginning of the movie is a reference to him being one of the only people really looking at this mountain of data. And at another point in the movie someone doubts that Berry had actually read the documents and says something like "even the lawyers who wrote them haven't read them".
And as for the concept of giving shit loans, the banks knew the Fed would back the loans so they had no incentive to care about the risk profile of individual housing contracts.
Yeah, he was the market maker and held a net short posish
Sue me hahahah
That's palpable
I never understood this character. He worked for Duetsche but pitched the swaps to Wall Street competition?
Most people misunderstand what an Investment Bank is. IBs offer their service to clients one among which is to sell investment products to institutions with money to investment (Hedgefunds, Sovereign Funds, Pensions etc.). Jared is the head of asset backed securities, which is a unit in the fixed income department at Deutsche. His job is to look for investment ideas and sell them to clients. He found out that Burry had shorted the housing market by buying swaps. His research showed that there was indeed a housing bubble and pitched his idea of buying swaps to clients, most of whom did not believe him. He convinced Baum to buy them and hence earned a commission(bonus) on the sale.
why do we see warner brother products on Fox. Partly to reduce liability. YOu know share it with other companies.
When AMC SQUEEZES I"M GONNA BE QUOTING THIS
Not enough.
Why does this movie has so many 4th wall break than Deadpool? 😭
after u.s. criminal tax rates, he now takes home $17.50, enough for a big mac meal and a small shamrock shake
Well I Can't really judge the guy
When xrp mars
Hahaha IKR
Is that how it goes in real life? 47 mil check? What happens if you lose that piece of paper?
Mindaugas Mateika void the check lol
you call whoever wrote you the check, they void it and then write you another one. nobody's actually writing a bonus check that big, i would assume they would get you in a meeting to sign some papers and then wire that to you. that's just crazy money
@@shuarma0 Surely an employee of Deutsche would have an account with Deutsche.
So why on Earth would Deutsche write him a check when they could just transfer funds intra-bank.
cant wait my FAVORITE STONKS to SQUEEZE!! and says this to my HATERS hahahaha
See you one the moon bro ;)
@@r.d.2848 AMC to moon!!! 💎🙌🚀🌑
@@hakiforro3292 100k or nothing haha
I wouldn’t be staring at that check in this situation. I would be running to cash it and in 2009 immediately run to buy bitcoin
buying GPUs to mine it since it wasn't on an exchange til '11*
I think I chose a wrong career 🤔
Capillary Pressure you didn’t lol, he was one of the very few to profit from the market collapse, everyone else lost their jobs.
@@BurriedTruth but only like 2 of them got arrested
Dab Daniel as far as i know its one dude that had nothing to do with it lol
@@BurriedTruth well that's even better for my argument then, you commit fraud on pretty much any other job and you get arrest(if you get caught at least)
Dab Daniel lawmakers made financial laws so very convoluted and difficult that its almost impossible to jail or take down any of those banks. Watch some videos from professor werner, even the way banks books are calculated is skewed af
Are there any NYC stock brokers that can confirm such a bonus check is possible? That amount? Seems tooooooo amazing to be true.
I'm sure there have been larger bonuses, the difference in wealth between regular people and the ultra rich is almost inconceivable.
Gamble his life out of poverty 👍🏾
There was some knowledge involved..
Sure, this was just a gamble
Me when Computershare sends me a check for $20 million after I sell .1 shares $GME
Hmbl nation!!!!
The question that arises in my mind is that since the guy is an employee of the Deutsche bank, why on Earth did Deutsche write him a check, instead of just putting it in his account?
After all they're a bank themselves, he must be having a bank account with them and it's be so much easier and obvious to just transfer the funds intra-bank.
I'm guessing this was just a screenplay decision.
it was changed for the movie, holding a cheque makes it interesting
Given what the entire financial crisis was about, you think a guy who works for a Bank like that would trust them with his own money?
@@ReaverLordTonus "bank like that"
Name me one Western Bank that isn't "like that". Where will he even run?
Either way, that still doesn't change that employees of banks at least would have a salary account provided to them as it is, from which he could then sweep it elsewhere.
he demanded a check, because he didn't trust it in deutsche bank. He knows how it is run.
That’s what I was going to say, a paper Cheque for forty seven million lol
This might as well be the golf players on LIV, after the PGA/PIF merger proposal.
It’s $47 not 47$
So you say dollars 47 instead of 47 dollars?
"Forty" spelt wrong
I rather Ryan Gosling portray this than Ken in Barbie movie.
DB NOT A BB
looks like someone spends too much time browsing finmemes
So Jared Vennett received $47M bonus, for selling CDS, despite the fact that his company loss on this sale?
47mil before or after taxes? :)
Before
I can’t wait to record my version of this when bitcoin moons and send it to my friends
3-5 years from now 10x gains
..."Fourty?"
6
Can you re-upload this in better quality? You dont need to delete this one, keep your views. Just provide a link in the description & an annotation to your new upload
dummy
Aykut you want fries with that too?
Do it yourself boyo
Why are the replies to your comment so stupid?
thanks for the permission btw, but no dammit, do it your damn self
that was pretty bad, glamourizing narcisism, literally gambling with peoples lifesavinvs... really really bad
He wasn’t gambling with people’s life savings. He got a bonus for selling the credit default swaps to Frontpoint and collecting the premiums on it. Frontpoint in turn profited when the underlying assets to the swaps failed.
Chicken little
why did he get the $47 million bonus?
Hey numnuts.. it wasn't a BONUS check, it was just his cut from selling the swaps.
And wtf does that is have to do with liberals and young people?
Watch the video again - he actually calls it a BONUS CHECK
Don't be so fucking wrong, snowflake.
Either you never watched the movie or it was just too complicated for you.
What a useless comment...
LaRaZa18xx cry about it
As if fixed income salespeople sit in offices like that. He should be on the trading floor to be realistic...
skg_to_arl he wasn’t a fixed income sales person. He was Deutsche’s global head of asset backed securities. He didn’t need to be on the trading floor to make money. He would have had hundreds of people below him executing the trades etc while he was in meetings and what not
ever heard of computers and phone/?
Do the Americans here realize that they themselves paid for that paycheck?
very liberally made movie. ok and accurate to a point and not giving blame to the govt. nearly enough. but. Making money isn't a bad thing. He made it from the evil actions of others, not himself. And actually the crooks involved should have went to prison for YEARS
Agreed.
How bitcoin HODLERS feel right now
When you read the book you realize how much Warren Buffett had to do with the collapse
freddo 1614 Much much
Get the book and read page 192
RantChant 316 can you show me? I bought the book on your comment but can’t find it on 192
S b should be there. Says right there Buffett owned 20% of Moody's. Might just differ on page number if hard back or paper
freddo 1614 ill accept your apology if you can even admit it. Not hard to look things up. mobile.nytimes.com/2009/03/18/business/18buffett.html
Probably ~$20M after taxes but still plenty of 💰
That's palpable