00:43:25,001 --> 00:43:29,500 Be first, be smarter, or cheat.

01:20:30,000 --> 01:20:35,000 [Sam] And the people who bought these? What happens to them?

00:14:30,100 --> 00:14:34,000 [Peter] This isn't a margin call. This is an extinction-level event. 00:21:40,000 --> 00:21:44,000 [Seth Bregman] What are we talking about? Billions? 00:21:44,001 --> 00:21:47,500 [Peter] More than the entire market cap of the firm.

01:09:30,000 --> 01:09:35,000 [Tuld] Be first. Be smarter. Or cheat.

00:22:14,201 --> 00:22:16,800 [Peter] Not us. We just work here. 00:31:20,000 --> 00:31:25,000 [Sam Rogers] You want me to sell toxic waste to our clients? 00:31:25,001 --> 00:31:28,500 [Jared Cohen] I want you to sell securities before the market wakes up.

00:03:48,701 --> 00:03:50,200 It's what you know for sure that ain't true. 00:12:10,000 --> 00:12:14,500 [Peter Sullivan] If you take the current volatility models... 00:12:14,501 --> 00:12:18,300 ...and apply them to these MBS tranches, the firm's capital is gone.

00:44:55,001 --> 00:45:00,000 We're selling to willing buyers at the current market price. 00:52:30,000 --> 00:52:35,000 [Sam Rogers (over headset)] Sell everything. Every MBS, every CDO. 00:52:35,001 --> 00:52:39,000 I don't care the price. Just get out.