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My cab. That’s my cab. That’s my cab. That is my cab. MARK: Schmuck. you. MAN: you. MARK: you. MAN: you. (PHONE BEEPS) I’ll call you later. (HORN HONKING) 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? Yes. Why? Those bonds only fail if millions of Americans don’t pay their mortgages. That’s never happened in history. If you’ll excuse me, Dr. Burry, it seems like a foolish investment. Well, based on prevailing sentiment of the market and banks in popular culture, yes, it’s a foolish investment. But, uh… Everyone’s wrong. (BOTH LAUGHING) That’s a good one. (LAUGHS) This is Wall Street, Dr. Burry. If you offer us free money, we are going to take it. My one concern is that when the bonds fail, uh, 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 wanna bet against the housing market and you’re worried we won’t pay you? Yes, that’s correct. (LUCY CLEARS THROAT) (WHISPERING) LUCY: (WHISPERING) …unless the market crashes. DEEB: (WHISPERS) The market on housing’s never gonna crash because it’s so solid right now. I mean, who doesn’t pay their mortgages? Mmm hmm. (CLEARS THROAT) Dr. Burry, 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. LUCY: Is that acceptable, Dr. Burry? Yes. Yes. Um, I have prospectuses on six mortgage backed securities I want to short. (DEEB READING SOFTLY) LUCY: (WHISPERING) Majority of the mortgages… (CHUCKLES) (LUCY AND DEEB WHISPERING) (PAGES FLIPPING) DEEB: (WHISPERING) I don’t see us losing any money on these at all. (PRINTER WHIRRING) (INHALES) Dr. Burry, these should be fine. Yeah. We’re prepared to sell you $ million in credit default swaps on these mortgage bonds. Can we make it $ million? Uh,