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Chapters & Sections (325)
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0:04
Reading The Big Short in Prison and Connection to the Book's Content
0:31
Education at Arizona State University and Switching Majors
1:01
Balancing Work and Family Life
2:36
Career Choices and Financial Goals
4:11
Meeting a Successful Business Partner
4:43
Joining Smith and Moving to Tucson
5:14
Personal Life and Career Advancement
6:18
Rise to Regional Office and Corporate Opportunities
7:18
Challenges in Globe, Arizona
8:22
Lack of Support for High-End Store in Rural Area
8:54
Walmart's Success in Rural Communities
9:25
Decision to Step Down as Store Manager
10:26
Reasons for Stepping Down and Concerns about Success
12:32
Mentors, Labor Account, and Business Ethics
13:04
Resignation and New Career Path
14:05
Starting a Company, TD tww C Manufacturing
15:06
Importing Parts and Building Computers
16:12
Computer Service, Repair, and Networking
17:15
Initial Contact and Free Antivirus Software Offer
18:19
Demonstrating the Virus's Effects on a Computer
19:24
Free Antivirus Software Promotion and Business Opportunity
19:56
Franchising Data Doctors and Expansion
21:59
Partner Dynamics and Decision to Sell Out
24:02
Media Expansion and Buyout Negotiations
24:38
Personal Life and New Ventures
26:13
Establishing a Distribution Business in Phoenix Metro
26:45
Building Routes and Real Estate Holdings
27:50
Acquiring Properties and Building a Portfolio
28:21
Personal and Business Financial Ventures
29:29
Reconciling Family Relationships and Outdoor Pursuits
30:34
Father's Business Decisions and Market Downturns
32:07
Confrontation with Father over Business Decisions
32:40
Selling of Resort and Restaurant, and New Ventures
34:48
SWAT Team Water Rescue and Recovery Efforts
35:19
Financial Crisis and Market Bubble
36:23
Business Opportunities and Mortgage Industry
39:01
Why the Speaker Started at the Bottom
40:03
The Importance of Understanding Business Operations
42:06
Building Presentations and Winning Contracts
42:39
Prioritizing Client Needs
43:09
Prioritizing Customer Needs and Honesty in Business
44:14
Scaling the Business through Aggressive Growth
45:18
Building a Nationwide Branch Network and Diversifying Operations
47:24
State Bank Regulation and Licensing
47:53
Banking Experience and Net Worth Requirements
48:27
Brick and Mortar Locations and Qualification Process
50:02
Raising Capital and Selling Stock
51:06
Broker Relationships and Banking Products
51:36
Fraud Detection and Regulatory Avoidance
52:07
Success and Travel
53:09
Building a Name and Warehouse Lines of Credit
53:39
CRA and Subprime Lending
55:11
Expensive Dinner at Mastro's and Wine
55:42
Buying an Expensive Cigar
56:13
Financial Crisis and NMLS Regulation
56:44
Branch Office Operations and Fraudulent Deals
57:47
Personal Experience with The Big Short Book and Movie
58:50
Personal Experience with Mortgage Brokers and Industry Portrayal
59:23
Criticisms of the Industry and Unqualified Mortgage Brokers
59:53
Defending Against False Accusations and Industry Criticisms
1:00:24
Industry Evolution and Conventional vs. Subprime Lending
1:02:26
Hire Replacement and Promote from Within
1:04:03
Mentorship and Learning from Wall Street Experts
1:06:41
Addressing Past Loan Denials and Losses
1:07:14
Comparing Profit Margins and Risk
1:08:49
Mortgage Fraud Prevention and Verification
1:09:51
Sharing Experiences with Industry Professionals
1:10:21
Financial Crisis and Federal Prison
1:10:54
Business Meeting in Tampa
1:11:26
Justification of Illegal Activities
1:12:28
Panicked Reaction and Rumblings
1:13:31
Hunting and Outdoor Activities on Wall Street
1:14:03
Grizzly Bear Attack in Montana
1:14:35
Elk Hunting and Avalanche Experience
1:16:09
Cutting Up Elk with a Pocket Knife
1:17:45
Initial Hunting and Meat Loss
1:18:12
Grizzly Encounter and Missing Meat
1:18:46
Mule Train Arrival and Grizzly Sighting
1:19:17
Grizzly Attack and Shooting
1:21:23
Wounded Grizzly and Camp Encounter
1:21:55
Guided Fishing Trip and Justified Shooting
1:22:26
Florida Panther Story
1:25:03
Initial Rumblings and Insider Knowledge
1:26:04
CDOs, Tranches, and Slicing
1:27:06
Regulatory Issues and Off-Balance Sheet Accounting
1:28:42
Reason for stepping down as CEO and taking on interim role
1:29:14
New responsibilities as interim president and CEO
1:30:17
Licensing and qualifications for mortgage business
1:32:23
Discussion of banking relationship with high-end clients
1:33:24
Matthew's Participation Line of Credit Concept
1:34:28
Reg Z and Reg D Restrictions on Joint Ventures
1:34:57
Bank-to-Bank Joint Venture and Securitization
1:35:01
Servicing and Its Significance
1:36:34
Subservicing Agreements and White Labeling
1:37:05
Behind-the-Scenes Industry Operations and Fees
1:37:40
Ownership's Proposal for Higher Interest Rates
1:38:46
Banking Relationship and Line of Credit Options
1:39:17
Consultant's Proposal for Bank Merger and Ownership's Goals
1:45:40
Auditor and IRS Issues - Initial Discussion
1:46:11
Meeting with CPA and CEO's Resignation
1:47:15
IRS Payroll Tax Issues and Payment Agreement
1:48:18
Payment Agreement with IRS and Loan Repurchases
1:49:50
Understanding Bank Account and Profit Allocation
1:50:24
IRS Payment and Revenue Increase Strategies
1:51:30
Managing Warehouse Lines of Credit and Repurchases
1:53:36
Negotiating Loan Terms and Pricing
1:54:08
Adapting to Changing Market Conditions
1:54:38
Rewriting Loans and Managing Risk
1:56:10
Reducing Volume and Closing Branches
1:57:45
Bank's Financial Situation and Loan Extensions
1:58:15
Personal Pride and Bank Reputation
1:59:17
Securitization and International Business
2:00:21
Asset Disposal and Negotiations with the IRS
2:01:54
Initial Government Negotiations and TARP Discussion
2:02:25
Recurring Obligations and Negotiations
2:02:56
Financial Struggles and Layoffs
2:03:58
Meeting with Barney Frank and TARP's Success
2:05:32
Disillusionment with Prideful Expectations
2:07:04
Philanthropy and Materialism
2:08:09
Backstopping Mortgages
2:09:12
Insolvency and Lack of Trust
2:09:43
Shutting Down the Business and Alternative Opportunities
2:10:13
Government Intervention Expectations
2:10:43
Extending Credit and Loan Repayments
2:11:14
Leadership and Decision-Making Challenges
2:12:16
Concerns about Legal Consequences and Business Failure
2:13:52
Banks' Role in the Crisis and Personal Financial Impact
2:14:23
Unfair Treatment by Banks and the Need for Change
2:14:55
Financial Struggles and Repurchase Demands
2:15:25
Plan to Pay Back Debt and Restart Business Operations
2:15:57
Opportunity in the Market and Need for Strategic Planning
2:16:29
Legal Issues and Need to Shut Down Operations
2:18:04
Ty Darnold Schwarzenegger's Financial Issues and Meeting with Attorney
2:19:05
Attorney's Background and Experience
2:19:36
Rehashing the Story with Attorney's Team
2:20:37
Attorney's Recommendation and Bank Issues
2:22:10
Initial Reaction and Concerns about Payroll and Investors
2:23:44
Reflection on Failure and Loss of Pride
2:24:46
Escape to the Wilderness and Rebuilding Life
2:25:49
Bank Failure and Personal Regret
2:26:21
Moving Forward and New Opportunities
2:26:53
Partnering with Another Bank
2:28:27
Building a Retail Origination Arm
2:29:33
New Leadership and Business Opportunities
2:30:04
Building a Resume and Team at Wells Fargo
2:30:36
Compensation Changes and Financial Growth
2:31:07
Building a Retail Operation and Correspondent Lending
2:31:38
Servicing Paper and Global Operations
2:32:12
Financial Success and Business Growth
2:32:42
Striking Deals with Realtors and Home Builders
2:33:12
Personal Life and Spending Habits
2:34:17
Business Travel and Target Letter
2:34:50
FBI Investigation and Distraught Wife
2:35:21
Attorney Involvement and FBI Conversations
2:36:54
FBI Silence and Phone Calls from Former Associates
2:37:56
Travel Restrictions and Attorney Guidance
2:38:58
Preparing for Financial Support During Prison Sentence
2:41:02
Living Life to the Fullest Before Prison
2:42:03
Reevaluating Priorities After Initial Prison Experience
2:42:35
Initial Meeting and Wire Revelation
2:43:06
Discussion of Targeted Individuals
2:43:36
Walkie and Guilt Admission
2:44:08
Profer Process and Lack of Understanding
2:44:39
Explaining Business Transactions
2:45:09
Additional Questions and Resignation
2:46:46
Blame for Default and Congressional Pressure
2:47:17
DOJ Task Force and Sentencing
2:48:19
Meeting with DOJ and Proffer Agreement
2:48:49
Loan Modification and Mortgage Concerns
2:51:24
Loan Modification and Sentence Consequences
2:52:29
Emotional Distress and Anxiety
2:53:30
Prison Preparation and Mental Health
2:55:38
Arizona Grand Jury Refusal to Indict
2:56:09
Bank Default and TARP Payment
2:56:42
TARP Payment Repayment and Investigation
2:57:48
False Premise and Grand Jury Indictment
3:00:20
Reasons for Not Going to North Dakota
3:00:50
Bank's High-End Clientele and Jurisdiction Issues
3:01:21
Law Enforcement Connections and Personal Experience
3:02:26
Plea Deal Negotiations and Government Pressure
3:03:27
Enhancements and Conspiracy Charges
3:04:31
Government Misrepresentation and Delayed Payments
3:05:36
Bank Fraud Enhancement and Legal Arguments
3:07:42
Negotiations with Insurance Company and Change of Plea
3:08:13
Initial Plea Agreement and Resignation Plans
3:10:19
Consequences of Plea Agreement and Public Reaction
3:11:56
Consulting with Others and Preparing for Prison
3:12:29
Discussing Financial Offers and Bank Deals
3:14:02
Preparing for Prison and Sentencing
3:15:05
Receiving Checks and Bank Account Issues
3:16:39
Concerns Over Property Ownership and Government Investigation
3:17:46
Disclosure of Financial Information to Probation Officer
3:18:16
Government's Discovery of Loan Modification and Income Information
3:19:19
Withdrawal of Cash from Account and Government Investigation
3:20:50
Government's Failure to Provide Sentencing Memorandum
3:22:26
New Information and Government's Change of Heart
3:23:29
Attorney's Warning About Potential Sentence
3:24:00
Court Ruling Against the Defendant
3:25:34
Saving a Life and Supporting Family
3:26:06
Helping Individuals in Mexican Prison
3:27:12
Bank's Initial Response and Plea Agreement
3:28:17
False Accusations and Government Reaction
3:29:20
Support During Sentencing
3:30:21
Addressing False Accusations and Explaining Business Practices
3:31:55
Providing Evidence of Innocence and Cash Withdrawals
3:32:26
Discussion of Wife's Employment and Income
3:34:33
Investigation and Bank Regulations
3:35:05
Consequences of Actions and Apology
3:36:08
Sentencing and Guidelines
3:38:50
Initial Reaction and Family Support
3:39:21
Preparation for Incarceration
3:40:22
Arrival and Processing at FCI Safford
3:42:29
Meeting a Large Black Man, Muscle Mass Saving Life
3:43:00
Bunking with a Prisoner, Paperwork and Legal Mail
3:43:33
Discovery on CNBC, Prison Life and Mentoring
3:46:08
Realizing Value and Mentoring Others
3:46:40
Mentoring and Legal Work for Gangs and Groups
3:47:13
Appeal Process and Oral Argument
3:48:18
Filing 2255s and Ineffective Assistance of Counsel
3:49:20
Recusal and Disclosure Requirements
3:50:21
Barred from Appealing and Supreme Court Involvement
3:51:24
Supreme Court Decision and Incarceration Experience
3:52:26
Prison Riot and Football Game
3:54:35
Mandatory Diversity in Cubes and Consequences of Non-Compliance
3:55:08
Prison Yard and Compound Structure and Rules
3:56:13
Staff Reaction to New Rules and Restrictions
3:56:43
Inmate Response to New Rules and Restrictions
3:58:16
Teaching Business Classes and College Experience
3:59:53
Prison Riot and Lockdown
4:00:24
Captain's Speeches and Direct Orders
4:01:58
Initial Arrest and Treatment
4:03:31
Riot Accusation and Legal Work
4:04:01
Food Strike and Transfer to USP Tucson
4:06:07
Winning Appeal and Initial Prison Transfer
4:06:38
Correspondence Courses and Prison Conditions
4:07:10
Prison Life at Bowmont
4:07:42
Prison Transfers and Legal Work
4:09:15
Quarantine and Home Confinement
4:10:16
Initial Reaction to Freedom and Notification of Release
4:11:49
Quarantine and Watching January 6th Events Unfold
4:12:22
Reflection on Sentence Reduction and Release Date
4:13:55
Initial Contact with Public Defender's Office and Filing Motion
4:14:27
Delays in Response from Public Defender's Office and Sentencing Commission
4:14:59
Determination of Ineligibility for Relief by Sentencing Commission
4:16:02
Regrets and Plans to File Motion Again
4:18:05
Introduction to Appealing a Sentence
4:19:12
Personal Experience with the Appeals Process
4:20:15
Lessons Learned and New Beginnings
4:22:21
Initial Prison Experience and Prophecy
4:22:51
Prison Institutions and Riot
4:23:25
Christian Prophecy and Guidance
4:24:26
Prison Journey and Advocacy Work
3h 45m⏭ 2
2h 20m⏭ 1
1h 49m⏭ 2
2h 15m⏭ 4
2h 11m⏭ 2
2h 28m⏭ 1
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2h 23m⏭ 2
2h 32m⏭ 3
2h 24m⏭ 2
1h 43m⏭ 2
2h 1m⏭ 1
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1h 40m⏭ 3
1h 22m
1h 16m⏭ 4
1h 50m⏭ 3
31m⏭ 1
1h 0m⏭ 1
4h 6m⏭ 2
2h 15m⏭ 2
1h 1m
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47m