Could someone explain the credit default swap in 'The Big Short' film which allowed shorters to profit from the collapsing house market? - Quora
![In The Big Short (2015), while on Wall St, Michael Burry shows off several mortgage backed bond prospectuses to short. Two covers are visible. Both were actual MBS bonds issued in April In The Big Short (2015), while on Wall St, Michael Burry shows off several mortgage backed bond prospectuses to short. Two covers are visible. Both were actual MBS bonds issued in April](https://preview.redd.it/in-the-big-short-2015-while-on-wall-st-michael-burry-shows-v0-vse14xsvbl981.png?width=640&crop=smart&auto=webp&s=cec5e8ba6679b842b2a57a493f4e2e62848933ec)
In The Big Short (2015), while on Wall St, Michael Burry shows off several mortgage backed bond prospectuses to short. Two covers are visible. Both were actual MBS bonds issued in April
![Amazon.com: The Big Short : Steve Carrell, Melissa Leo, Christian Bale, Ryan Gosling, Marisa Tomei, Brad Pitt: Movies & TV Amazon.com: The Big Short : Steve Carrell, Melissa Leo, Christian Bale, Ryan Gosling, Marisa Tomei, Brad Pitt: Movies & TV](https://m.media-amazon.com/images/I/81fR2Infl5L._AC_UF894,1000_QL80_.jpg)