The Big Short (2015)

Richard R. Corapi: JP Morgan Employee

Photos 

Quotes 

• 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?