Showing posts with label fraud. Show all posts
Showing posts with label fraud. Show all posts

Saturday, February 13, 2016

The Big Short (2015) Review

The Big Short (2015)         Biograpy & Drama




No subject in the world is inherently interesting or uninteresting, for it's always about the communicative method or channel used to promote or inform one about the subject that is either interesting or not. Having said that, some subjects are more alienating than others, and one of those subjects is economics/finance, largely because of its dependency upon a plethora of terminology and jargon that usually cannot be adequately defined without including other terminology or jargon. Before you know it, searching the definition of something like a "Roth IRA" leads you to Google searches about embezzlement and quantitative easing in efforts to try and circumvent and define what you were originally looking for.




Thankfully, Adam McKay's The Big Short assumes the audience is fairly stupid and blissfully ignorant when it comes to the interworkings of what led to the global economic crisis of 2007-2008, which saw record unemployment and catastrophic results for the usually reliable housing market. In true movie fashion, we observe the financial crash, not from an insider standpoint, where sure-fire, grade-A trades and exchanges are being made, but by a plethora of quirky outsiders trying to run away from a boulder that keeps gaining on them until it flattens them and everyone in their tracks. The only ones saved are the ones who didn't manage to fall or stumble when pushing said boulder down the hill in the first place.




We initially meet a quirky hedge fund manager named Michael Burry (Christian Bale), who discovers that the U.S. housing market is based on a series of subprime loans (which, we are told by Margot Robbie as she soaks in a bubblebath whilst sipping champagne, may as well be synonymous with "s***") and is inevitably going to collapse sometime in the second quarter of 2007. Being that the housing market is often viewed as the safest bet in America, Michael begins to go around to different banks to bet against the stability and long-term security of the housing market in efforts to profit from the impending disaster.