Betting against the housing market?

[Frimley111R]

I nearly posted this on the 'questions you always wanted to know the answers to' thread but thought I'd try it on here.

In the (brilliant) film the Big Short, they bet against the housing market after realising the credit crunch was about to happen. Given that it brought down the major banks, who paid them the money that they were owed when the market crashed?

[Frimley111R]

p1stonhead said:

They sold before the ones they held with tanked - thats why at the end one of the guys is saying it was a tightrope in that 'its now or never [or the bank may be gone anyway]'.

Ah, I see, thanks

And yes, it's one of my favourite films of all time. I have lost count of the the times I've told people to watch it. Clips pop up on my YT feed and I can't help watching them over and over again.

[Frimley111R]

Derek Chevalier said:

FredClogs said:

synthesised CDSs

Think it may have been synthetic CDOs

Yes but the others are the same, just from the early 1980s