[mifeng]

I was involved with similar trades at JPMorgan and Citi. Investment bankers gave these presentations to hedge funds to convince them to short the housing market. Then, they created a CDO, called the hedge fund the "manager" and tried to dump the bonds on Asian and Middle Eastern investors.

[bottle2]

> tried to dump the bonds

How did that go?

[nickff]

Not sure if you are being sarcastic, but some (Goldman Sachs) were more successful than others (Morgan Stanley).

[icelancer]

Pretty good, in actuality. Europe got it way worse than the United States.

[simonebrunozzi]

More details about this, if you can?

[patrickk]

Ctrl+F "Dusseldorf"

http://www.peterfrase.com/2011/08/the-big-short-germany-and-...

[simonebrunozzi]

Thanks!