How I Bet Against the Housing Bubble and Won Big!

When I rejoined a bank, I said actually I want to get involved in the asset back securities and the niche market of that that was really a tiny market was the subprime market. Then my boss was Craig Lipman. There were some people in the market believing that the housing market is at a height and there's a bit of in bubble territory.So they want to short that but that didn't have the right instrument and so we offered an instrument. Fast forward 2007 the market finally collapsed. uh banks 20078 where went un ...