Capitalism: A Love Story, Part II | Капитализм: История любви, Часть Вторая. History of edits
(Latest: k 2 years, 3 months ago)
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1 00:00:00,028 --> 00:00:01,928 Moore: That's exactly how l felt | | |
2 00:00:01,963 --> 00:00:04,124 when l started hearing these new terms. | | |
3 00:00:04,165 --> 00:00:08,295 So l went down to the New York Stock Exchange to get some answers. | | |
4 00:00:08,336 --> 00:00:10,065 Sir, can you explain derivatives to me? | | |
5 00:00:10,105 --> 00:00:12,335 Can anybody explain derivatives or credit default swaps? | | |
6 00:00:12,373 --> 00:00:13,601 Can someone explain to me what these are? | | |
7 00:00:13,641 --> 00:00:15,871 Sir, can you tell me what a credit default swap is? | | |
8 00:00:15,910 --> 00:00:17,434 Can you explain a derivative to me? | | |
9 00:00:17,479 --> 00:00:18,946 Can you tell me what a derivative is? | | |
10 00:00:18,980 --> 00:00:21,244 - Nobody'll talk to me. - l'm just a blue-collar guy. | | |
11 00:00:21,282 --> 00:00:22,943 l can see that. Hey. | | |
12 00:00:22,984 --> 00:00:25,509 - l'm looking for some advice. - Yeah, good. | | |
13 00:00:25,553 --> 00:00:28,681 You guys got any advice for me here? | | |
14 00:00:28,723 --> 00:00:30,714 A derivative? Credit default swap? | | |
15 00:00:30,759 --> 00:00:32,226 ( sighs ) | | |
16 00:00:32,260 --> 00:00:34,785 Moore: l did find one guy on Wall Street | | |
17 00:00:34,829 --> 00:00:36,660 who wasn't a film critic. | | |
18 00:00:36,698 --> 00:00:40,065 Marcus Haupt is an lvy League educated engineer | | |
19 00:00:40,101 --> 00:00:42,729 who was a vice president of Lehman Brothers | | |
20 00:00:42,771 --> 00:00:45,262 and spent 15 years on Wall Street | | |
21 00:00:45,306 --> 00:00:48,332 creating what they call complex financial instruments. | | |
22 00:00:48,376 --> 00:00:49,866 What is a derivative? | | |
23 00:00:49,911 --> 00:00:52,004 A derivative is a secondary bet | | |
24 00:00:52,046 --> 00:00:53,843 on an underlying product. | | |
25 00:00:53,882 --> 00:00:55,907 So you may have a stock and you have an option on that stock. | | |
26 00:00:55,950 --> 00:00:59,181 And that option on that stock allows you the privilege | | |
27 00:00:59,220 --> 00:01:01,586 but not the obligation to buy or sell. | | |
28 00:01:01,623 --> 00:01:04,649 How should we put this? You are allowed to make a decision | | |