Subprime
topic on 1 show · 3 statements across 3 episodes
3 statements about Subprime, every show
Daniel: Few investors tracked monthly subprime securitization data in the late 1990s
“At that time, the primary funding source for all things subprime were securitization, and very few, if any, were actually looking at the data on a monthly basis at that point in time.”
Zook used subprime short profits to fund a 2009 distressed buying spree
“So in 2009, 2010, we were clearly contrarian when we were buying up everything that had gotten destroyed during the global financial crisis. But because we shorted subprime, we literally had the benefit of all of this cash coming into us”