The Big Short

The Big Short

DVD - 2016
Average Rating:
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The financial meltdown from the perspective of a number of players: Michael Burry, a bizarre autistic-like stock-picking genius, and the first to realize that the market's housing boom is based on a "house of cards" sham; Mark Baum, self-loathing fictional character whose firm picks up insider trading information from a wrong number phone call; Jared Vennet, a smart-aleck broker who confirms the ominous suspicion; and Charlie Gellar and Jamie Shipley, small-time players who hit it big.

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d
DPLbrian
Apr 12, 2018

A strong cast helps make the events of the 2008 financial crisis understandable and entertaining.

r
reginator_22
Jan 16, 2018

Great movie about the events that led to the 2008 Recession. The cast is was wonderful in this film!

g
greatflicks
Jan 06, 2018

A wonderful movie especially for someone who understand the financial markets which I do. I can understand some of the lower ratings most likely from people who have no clue. I found it especially upsetting how the rating companies like Standard & Poor"s, Moody's and Fitch were manipulated by the banks into giving bonds false ratings so they would be more salable. Also how the mortgage companies were paid incentives for selling mortgages to people who did not qualify. I remember in the 70's and 80's buying some expensive homes and having to provide the bank with my income tax returns. A number of the banks involved in this mortgage fiasco followed dishonest practices and a lot more of their officers should have seen jail time. I had an office in a 4 story office building that had 3 mortgage companies and watched the brokers living it high, they were buying new expensive cars and boats, thy were on top of the world. When the poop hit the fan they all closed down and a couple of them left some paper work behind. I was friendly with the two people who had the job of cleaning out the offices for other tenets and out of curiosity they read through some of the materials. They said they could see how information was manipulated so the people could qualify for a loan and buy the home they wanted. And of course the broker got a big commission. One of the guys commented, wow I had no idea you could make so much money selling a mortgage should have been a law to stop it just not right. As the movie states a lot of people were hurt and their lives changed for ever.

m
MB333
Jan 02, 2018

It was very interesting.

n
No_Stalkers4Me
Dec 27, 2017

Good effort to "dramatize" pretty dry information. Recommend (when/if you're in the mood for a movie about the economy).

u
uzebdrumz
Dec 13, 2017

I've seen documentaries that offer more information & better entertainment value than this film. The most significant revelation comes when Christian Bale plays with drumsticks & tries to play drums; there is no greater demonstration of ineptitude than someone pretending to know what they are doing on a musical instrument. Actors: people who repeat lines until they get them right & pretending to do things that they can't do very well.

v
vinifera_1
Oct 02, 2017

God awful!

k
kpelish
May 19, 2017

Excellent, gripping coverage of the lead-up to the 2008 financial crash, and the people who both saw it coming and ultimately dealt with their roles and their conscience. Christian Bale is especially effective as brilliant, stubborn forecaster (with apparently some degree of Aspberger's/autism) who slogs through the actual tranches of toxic mortgages and discovers a ticking time bomb. On-target cultural depictions of Vegas and Miami and the privileged world of finance.

Court1992 Mar 23, 2017

You cannot burn yourself then blame the fire for it. It is up to individuals to educate themselves. Give power back to yourself. Stop being distracted by the drama, consumerism, and fear-based news on the television. Do your research, read up. You'd be surprised how much actual living, happiness and peace you can create simply by killing your T.V., or at least watching less and choosing what you watch. Don't forget to mute those commercials. When people are distracted like this, the eyes turn away from those abusing power. It's up to each individual to do their part in creating a better world by focusing on their actions, thoughts, behaviours and their overall contribution to the planet.

Very thankful for movies such as these and for the people who have the patience to watch them.

A valiant effort to dramatize in didactic fashion the 2008 financial crisis with frame breaks from Selena Gomez and Margot Robbie speaking to the camera about CDOs. We live in a system, capitalism, that is completely fraudulent. That is the takeaway. And for that reason the movie is very worthy of your time. Plus, Ryan Gosling is brilliant as always.

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r
reginator_22
Jan 16, 2018

Mark Baum: I have a feeling in a few years people are going to be doing what they always do when the economy tanks. They will be blaming immigrants and poor people.

j
jimg2000
Mar 27, 2016

Deeb: Dr. Burry?
Burry: Yeah.
Deeb: Deeb Winston, Goldman Sachs. Listen, I've been reviewing your position. I wanted to discuss your marks and make sure they're fair.
Burry: Yeah, I think you mean that you've secured a net short position yourselves. So you're free to mark my swaps accurately for once because it's now in your interest to do so.
Deeb: I'm not sure what you want me to say.
Burry: I think that...I think that you've already said it.
===
Jamie: Casey, right now every bank in town is unloading these shit bonds onto unsuspecting customers. And they won't devalue them until they get them off their books. This level of criminality is unprecedented, even on fxxking Wall Street.
Casey: Jamie... And this is me being honest here, okay? It took me years to build my relationships on Wall Street. No bank or ratings agency is going to confirm a story like this just because it comes from two guys in a... Sorry, garage band hedge fundthat thinks it's the apocalypse.

j
jimg2000
Mar 27, 2016

Selena Gomez: Okay. So here's how a synthetic CDO works.Let's say I bet $10 million on a blackjack hand. $10 million because this hand is meant to represent a single mortgage bond.
Dr. Richard Thaler: Okay, Selena has a pretty good hand here, showing 18. Dealer showing seven. That's a really good hand for Selena. Good odds. In fact, her chances of winning this hand are 87%. So, my odds are good. I'm on a winning streak. Everybody in this place wants to get in on the action. How could I lose, right? Now, this is a classic error. In basketball it's called
the Hot Hand Fallacy. A player makes a bunch of shots in a row. People are sure they're gonna
make the next one. People think that whatever's happening now is gonna continue to happen
into the future. During the real estate boom, markets were going up and up and people thought
they would never go down. So people who are watching and think that I won't lose will make a side bet. Now, this is the first synthetic CDO.

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