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We call them synthetic CDOs.
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What did you say? Synthetic CDOs.
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That is fucking crazy.
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It's not. It's awesome.
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His face is starting to boil.
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He looks like the bad guy from Dune.
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All right, let's say
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you have a pool of $50 million in subprime loans.
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How much money could be out there betting on it,
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in your synthetic CDOs and swaps
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right now, tonight?
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Let's see, $50 million... Hmm...