In closing, I'd like to share with you one of my favorite scenes from the movie, which I think really hits home. For the opposing view, Mr. Baum. I gotta stand for this. Okay, hi. My firm's thesis is pretty simple, Wall St. took a good idea, Lewis Renierie's mortgage bond, and turned it into an atomic bomb of fraud and stupidity that is on his way to decimating the world economy.
- How do you really feel? - I'm glad you still have a sense of humor. I wouldn't if I were you.
Now, anyone who knows me knows that I have no problem telling someone they're wrong. But for the first time in my life, it's not so enjoyable. We live in an era of fraud in America casinoslots sa.
Not just in banking, but in government, education, religion, food, even baseball. What bothers me isn't that fraud is not nice or that fraud is mean. It's that, for fifteen thousand years, fraud and short-sighting thinking have never ever worked. Not once. Eventually, people get caught.
Things go south. When the hell did we forget all of that? I thought we were better than this, I really did. And the fact that we're not doesn't make me feel alright and superior. It makes me feel sad.
And as fun as it is to watch pompus, dumb Wall Streeters be wildly wrong - and you are wrong, sir - I just know that at the end of the day, average people are going to be the ones that are gonna have to pay for all of this. Because they always, always do. That's my two cents. Thank-you. Does our bull have a response?
Only that in the entire history of Wall St, no investment bank has ever failed unless caught in criminal activities. So, yes, I stand by my Bear Stearns optimism. - Mr. Miller, I'm sorry, quick question.
From the time you guys started talking, Bear Stearns' stock has fallen more than 38%. Would you still buy more? (Nervously) Yeah, sure, of course I'd buy more, why not? - Boom.