Went out and saw this the other day, can't really say what I was expecting. I think the fact that I, like I'm sure almost everyone here would be, was pretty familiar with the broad strokes of the sub prime crisis which made some parts a little slow, but for the most part it was really very good. Solid performances, pretty funny in places and about as accurate as you could hope for. Sometimes it seemed more like a dramatization documentary than a drama but still. If there's someone in your life who's eyes glaze over when you talk about financial vulnerability and why you stack then you should drag them along, almost everyone in the theater left talking and debating with each other. Anyone else see it yet?
Here is a very interesting article on the fellow who wrote the book. http://www.theguardian.com/film/2016/jan/17/michael-lewis-big-short-wall-street-crash-book-film Quote of the article:
Didn't think to look in real estate, makes sense though. It's worth 4 threads though haha. I was a little disappointed not to see Kyle Bass get a mention, he's a very switched on guy and the man took physical possession of $1B in gold which makes him a hero in my book. He's in the book though, definately worth a read even if you've seen the movie.
Look out for the "Selena Gomez playing Blackjack as a metaphor for the housing debt derivatives market" scene.
I actually bought this but it didn't arrive in time for the night I needed it (arrived in today's post) I was going to offer it up for trade for an ASE/PM roo. However, before I do I thought I would offer it up for free here for someone who might have someone in their life who could benefit from a little dose of economic reality wrapped up in a candied layer of Naomi LaPaglia or Ryan Gosling but can't it won't spend the money on a couple tickets. Otherwise I'll put it in the trade thread. Edit: forgot the pic:
I was going to chastize you for implying Selena Gomez was a 'woman of negotiable virtue'. Then I realized you typed an 'L', not an 'H'.
Why bother risking it with torrents. Watch it online for free: http://putlocker.is/watch-the-big-short-online-free-putlocker.html
Saw it tonite. Really is a must see movie for stackers. Don't be tight - go see it at the movies and support the film makers. We need more movies like these to help wake up the sheeple.
Loved how she ended her scene "So here's Margot Robbie in a bubble bath, to explain" "Basically, .... ... So whenever you hear "sub-Prime", think "shit"... ... Got it? Now F*** Off..."
Saw this movie tonight and really enjoyed it! Loved how they explained a lot of the terminology so the average jo could understand. This movie is a great starting point for someone that doesn't understand how the world runs. Though sadly most people will forget all about it once they go back to work the next day and will be preoccupied trying to decide which 60" TV to buy next.
A colleague of mine watched the movie and apparently really enjoyed it. She said she understood most of it, but wasn't quite sure about the ending. 'Did they actually make money or lose it?'... Had a bit of a giggle
I'll probably watch this at some stage, but I'll keep in mind it's a Hollywood movie and as such it probably fails to present the whole story, in the same vain as "Lincoln" it's a piece of propaganda, but mostly I'm going to keep in mind that if Paul Krugman likes it, then it's bound to be an exercise in pro-regulation. :/ http://fee.org/anythingpeaceful/the-big-short-the-market-and-the-fed/
You should watch it before bagging it shiney. The main thrust of the plot was the greed, fraud and collusion amongst players in this financial sector. At several points the antagonists highlight "the market is fraudulent" because it is being manipulated and not pricing things correctly (not a free market) while the market is starting to tank. I was a bit disappointed it didn't go into Fed policy or cover the bail out and the aftermath of the disaster, but it's only 1 movie so its tough to cover it all. Go see it and draw your own conclusions but you might surprise yourself.
It won't change my view, ie the innate and unavoidable failure of central planners and the special interest groups that use government to enhance their own power and prestige are are the real cause of our financial ruin. The crony-capitalists are only part of the problem, they flourish under our regulated markets because governments pass legislation favouring their activities which creates false market signals and leads to the booms and busts which are characteristic of modern economies. Which is exactly what you were saying really anyway. Krugman et al relish any opportunity to promote regulation. He's a cancer.