The Big Short (2015)
Finn Wittrock: Jamie Shipley
Photos
Quotes
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JP Morgan Employee : Ted had asked me to do some meeting prep but I couldn't find any marketing material on you guys.
Charlie Geller : Oh, we just moved here from Boulder.
JP Morgan Employee : Yeah. Well, can we see your offering documents
Charlie Geller : Well, Brownfield is its own money.
Jamie Shipley : It's our money.
JP Morgan Employee : Well, can you tell us how much you manage?
Charlie Geller : Of course. We're doing 30 million right now, uh, but we started four years ago with 110 thousand. So, as you can see, that's pretty phenomenal returns.
Jamie Shipley : We want to get an ISDA agreement so we can deal in long-term options.
[subtitled: ISDA Agreement: An agreement that lets an investor sit at the 'big boy table' and make high level trades not available to stupid amateurs.Trying to be a high stakes trader without an ISDA is like trying to win the Indy 500 riding a llama]
JP Morgan Employee : [in a slightly condescending tone] That's really cool. That is SO cool.
Charlie Geller : Thank you.
JP Morgan Employee : But, uh... you guys are under the capital requirements for an ISDA.
JP Morgan Employee : By how much?
JP Morgan Employee : [thinking] Uh... how much? One billion, four hundred seventy million. So... a lot.
Charlie Geller : This makes us look bad, doesn't it? That we didn't know what the capital requirements were?
JP Morgan Employee : Uh... it's not great. But keep up those returns and give us a call way down the line, you know. Okay?
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Charlie Geller : Look, either we're right or we're wrong in a giant, giant way. And if we're wrong, then we gotta find someone to help us get out of this trade.
Jamie Shipley : I'm not feeling remotely confident that we're right. and if we're wrong, who's gonna tell us? who understands this stuff? It makes no sense!
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Charlie Geller : This isn't how I pictured it.
Jamie Shipley : What did you think you'd find?
Charlie Geller : I don't know. Grown-ups.
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Jamie Shipley : How are you floating your resumé to big banks? I mean you're supposed to be the ones, you know, policing the big banks.
Evie : Grow up, Jamie!
Jamie Shipley : There must be some kind of law against working for a financial institution right after you've been working in financial regulation, right?
Evie : No. No!
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[repeated line]
Jamie Shipley : No no no!