Lori Siegel
👤 SpeakerAppearances Over Time
Podcast Appearances
The lock and load.
I guess I would probably break one of Carl's fingers.
This is the guy that owes me the $10, Carl.
I've heard of that because it was bad.
Right, they're, like, pooled and, like, bundled.
It's not like when you sponsor an elephant in Africa or something and they send you a picture of a specific elephant.
They don't send you a picture of the family you're harming.
You own their fucking house.
So they took out loans to buy these unsecured securities.
So they took out loans to buy what are essentially unsecured loans.
But there's no money involved.
I have heard those words and then I stopped listening.
They're taking on real debt to buy hypothetical debt.
That's so tight, Mia.
I fucking love that.
Okay, so the other bank is like taking a gamble here.
So the other bank is just a bookie.
It's like it's the same guy.