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The Big Short (2015) - Jared Vennett's Pitch to Front Point Partners (Jenga Blocks Scene) [HD 1080p]

Extractor0 HN recommenders · 2019–2024
17.9M views · explainer · evergreen · Uploaded 2016-11-20

A scene from The Big Short in which Jared Vennett pitches credit default swaps on mortgage bonds to a hedge fund team, using a Jenga tower to illustrate collateralized debt obligations.

Used as a quick visual explanation of how CDOs packaged risky mortgage debt.

Film & TV clipsMacroeconomics & financial crises

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4 comments from Hacker News

@grey-area2019 · in “Wall Street’s Latest Love Affair with Risky Repackaged Debt”

The 2018 crisis was caused by CDOs - packaged mortgage debt which is going to default, mixed and dressed up as very safe debt, then sold on to some poor sucker (including you in your pension). [VIDEO] The article is saying that people are buying CLOs - packaged corporate debt which is going to default, mixed and dressed up as very safe debt, then sold on to some poor sucker (including you in your pension). TLDR: History repeats itself, first as tragedy, then as farce.

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@ThisIsTheWay2021 · in “Show HN: Can’t afford Bloomberg Terminal? No prob, I built the next best thing”

Its a great scene, but this one takes the cake: [VIDEO] "That's a nice shirt, do they make it for men?" "Somehow you're like Dora the Explorer and you're the first person who has found this thing..."

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@adhesive_wombat2023 · in “Tuition costs have risen 710% since 1983 (1200% since 1980). Inflation: 194%”

The Big Short also has an earlier explanation of a non-synthetic CDO ("we just repackage it [low-quality risky debt] along with a bunch of other shit that didn't sell and put it into a CDO"): [VIDEO]

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@umvi2024 · in “Tech Debt: My Rust Library Is Now a CDO”

PSA: you basically have to have seen the movie "The Big Short" to understand the analogy in the article. Or at least this scene: [VIDEO]

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