Jim Grant writes a journal called Grant’s Interest Rate Observer, which is obscure to the general public but well known to Wall Street insiders. He writes an article on CDOs that catches the attention of Steve Eisman and Mike Burry, who both feel vindicated by Grant’s dire assessment of what the ratings agencies are doing.
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The timeline below shows where the character Jim Grant appears in The Big Short. The colored dots and icons indicate which themes are associated with that appearance.
Chapter 7
Soon after, a newsletter that is well known among Wall Street insiders, Grant’s Interest Rate Observer (edited by Jim Grant), decides to investigate CDOs. Even with the help...
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Steve Eisman reads Jim Grant’s essay and feels that his own theories have been confirmed. He suddenly realizes that he...
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Chapter 8
The same day that Eisman reads Grant’s article, Mike Burry is also forwarded a copy of the article from Scion Capital’s chief...
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