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I want to buy swaps on mortgage bonds a credit default swap that will pay off if the underlying Bond fails you want to bet against the housing market why those bonds only fail if millions of Americans don't pay their mortgages that's never happen in history excuse me Dr bur it seems like a foolish investment based on prevailing sentiment the market Banks and popular culture yes it's a foolish investment but uh everyone's wrong good this is Wall Street Dr bur if you offer Us free money we are going to take it my one concern is is that uh when the bonds fail uh I I want to be certain um of payment um in case of solvency issues with your bank I'm sorry are you for real you want to bet against the housing market and you're worried we won't pay you yes that's Dr Barry we could work out a pay as we go structure that would pay out if the bonds fail but it would also apply to your payments if the value of the mortgage Bond goes up you'd have to pay us monthly premiums is that acceptable Dr bur yes um I have prospectuses on six mortgage vac SEC are on sure majority Dr Barry these should be fine yeah we're prepared to sell you 5 million in credit default swaps on these mortgage bonds can we make it 100 million absolutely we can make it 100 million we'll be in touch some paperwork over I like these cups can could I take one for my son yes thank you I have two it shake sh is there any way to do 200 million when Shake behind I got on my right and different projects we do gardening we do the bonds I'd like to uh it's not bad seeing yourself up there on big screen it's very cool 2 was choice I went for volume rather than tomato so
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