00:00Michael, how are you?
00:13I found something really interesting.
00:17The whole housing market is propped up on these bad loans.
00:21They will fail.
00:23The housing market is rock solid.
00:27It's a time bomb.
00:29So Mike Burry, who gets his hair cut, super cuts and doesn't wear shoes, knows more than Alan Greenspan.
00:34Dr. Mike Burry, yes he does.
00:39You know what? I'm pissed off.
00:41American people are getting screwed by the big banks.
00:44And I am getting madder and madder.
00:46It's unbelievable.
00:47Then this guy walks into my office and says...
00:50There's some shady stuff going down.
00:55All the banks, we're having a big old party.
00:58A few outsiders saw what no one else could.
01:01The whole world economy might collapse.
01:05I'm sure the world's banks have more incentives than greed.
01:10You're wrong.
01:12No one's paying attention.
01:13The banks got greedy.
01:15And we can profit off of their stupidity.
01:17Do you want to bet against the banks?
01:19I think we're either high or having a stroke.
01:22Kind of brilliant.
01:26Fraud has never ever worked.
01:28Eventually, things go south.
01:30When the hell did we forget all that?
01:32How can the banks let this happen?
01:33It's fueled by stupidity.
01:34But that's not stupidity, that's fraud.
01:35Tell me the difference between stupid and illegal and I'll have my wife's brother arrested.
01:48Do you have any idea what you just did?
01:59You just bet against the American economy.
02:03If you're wrong, you can loose it all.
02:06The banks have defrauded for the American people.
02:09Now we can kick them in the teeth.
02:10Okay, here we go.
02:16You talk to strippers.
02:17With bad loans.
02:18Mm-hmm.
02:19They're all cash rich.
02:20Not going to be able to refinance.
02:22On all my loans?
02:23What do you mean all your loans?
02:25I have five houses.
02:27And a condo.
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