What does Sup Forums think of The Big Short?
I just heard about it today. Apparently it's about the market collapse of 2008 and it has really good reviews. I like the actors too. Bernie Sanders said it was a good movie though so I don't know what to think now.
Also, redpilled movies thread
It's sensationalized obv but still full of great info about the housing crisis
Is it unbiased?
YES. Great movie.
It's only sin is in making a bunch of Jews look like the only honestly people in the movie. But that is really fiddlesticks.
It reminds me of Bannon's documentary, Generation Zero. youtube.com
I'd say so, they illustrate the struggle of the people swindled by the lenders and expose the big wigs for getting huge bonuses.
Also, inside job is a documentary about this.
I liked the book, really illuminating, never watched the movie but I'd say it was OK from what I heard.
Really recommend the book if you're interested in what goes on behind closed doors at hedge funds and such.
Thanks guys
Very fun movie. Ryan Gosling is GOAT as the douche investment banker.
See Margin Call too, OP.
They left out the government's role in the collapse. They show a couple of flashes of Bush, but he didn't have anything to do with it. It was the Dems pushing easy loans for poor people and calling people racist for suggesting we stop. Look up any videos of Barney Frank on YouTube.
Better explanation than the movie: youtube.com
Wish they would talk more about the clinton housing loan initiative that the book had a few chapters on, it forced the banks to lower the income requirements on loans and caused the initial surge of subprime loans that the left would rather not talk about because "muh Bush's housing crash".
I watched the Snowden movie and Oliver Stone somehow managed to blame Trump in the movie
Not exactly. He included Trump to take some heat of Obama since he was president when Clapper lied before congress and the most egregious programs were in full force. In all fairness, Trump is no fan of Snowden. Then again, if anyone is capable of changing his mind on a topic for the better, it's Trump.
read the book
this one is bretty good
>watch this movie (or actually read about the great recession)
>still vote for Trump or Clinton
FULL FUCKING RETARD
>Stone managed to blame Trump?
Do you mean Bush? cause I have no idea how he even foresaw Trump
>Trump
>(CNN)Two years before the housing market collapsed in 2008 and millions of Americans lost their homes, Donald Trump said he was hoping for a crash.
He wouldn't have bailed them out.
this times a million
>forces banks to give loans to various (mainly) dindus, rednecks, retards because credit scores is racist
>be surprised when mounting list of asset foreclosures bankrupts you
>use taxpayer money/printing press to "save" banks that are "Too Big To Fail"
still a good intermediary step of redpilling that lays fruitful ground that can be used to explain what REALLY happened to interested friends
It's not about bailouts, it's about regulation.
Wut?
>Wanting more government
When will you learn it never works
It's a good crash course on what caused 08
The problem is they don't point out hat these credit default swaps and mortgage back securities were allowed, and enchouraged by the communities reinvestment act of 1998 and that congress GARUNTEED the sub prime loans and they let the derivatives exsist as a quid pro quo for making banks take unfit sub prime customers.
The bailout happened because the government made them do it and promised to back the losses
It is. They even make a joke about how nobody did anything about it at the end. Jail the bankers! Hang them actually. I want to walk down wallstreet with choking and dead bankers strung up all around me.
No. Adam McKay is a huge Bernout.
It was still pretty good though. Despite some shit like
>This is Wall Street Mister Burry if you're offering us free money we'll take it
>The banks are so crooked! Yet never called out any names like a typical leftist
>EY apparently offers wealth management according to the movie
>Every banker I don't like is a douchebag dudebro!
And many other flaws.
And for having an anti-finance message, the movie only accomplished to make me look forward even further for a finance related job
Once again that couldn't happen because it was a quid pro quo from the Feds
>hey take this shittty bets
>okay but we want to be able to securitize them as insurance
>okay no problem just take all these shitty bets
>alright well if it goes titis up will you cover it ?
>yes yes yes just take the loans
Arresting the bankers implicates the politicians
Also, if you want to watch a good redpilled finance movie, watch Boiler Room, Capital or L'Outsider instead. They're so much better
Don't pretend to hate banks either when you just elected THE yuppie who is handling his administration to consist of Wall Street alumni
And i want them hanged as well. Its both their fault. These people are not fit to run our monetary system or our government.
>real estate developer
>hated by the large banks who all supported hillary
How is this a problem?
Well of that I can agree
its a movie not a documentary
I like that they make a bunch of goys portray the kikes. I think Wolf of Wall Street did the same thing too
watched it 5 times last year....it's my new Fight Club
The book was really good. Movie was almost as good.
>you missed out on a huge chance to make tons of money
Also the guys creating the default swaps wound up making tons more money than the guys who "won" in the end. Think billions and they got out in time while the heroes only made several hundred millions.
Who else remembers that cringe (and obvious) line towards the end?
It went something like:
"I hope they don't blame immigrants for this" or some shit like that.
It's hypocritical. Most banks are probably supporting him now though
It's better than Fight Club.
I did. Like I said it would have achieved GOAT status if Adam McKay didn't shove his crappy socialist politics on it
The is a pretty good comedy
Nope. At the end the Jew says "i'm sure they'll find a way to blame this on immigrants and poor people" or black people or something.
It's another one of those half-truths, then bait and switch with jew propaganda.
Read the book, banks knew what they were doing wasn't safe, and held onto the unsafe loans for as short a period as possible before passing them off to someone else, they were required by law to give loans to people unfit for loans.
It's a very superficial and quick look into the crisis.
Study financial, accounting, and economic research conducted on the crisis if you want a better understanding.
>It's better than Fight Club
yea but fight club p much predicted Sup Forums so i guess it wins
Good movie. If you got time watch the documentaries regarding the financial crisis from PBS Frontline.
pbs.org
If you can read, check out Henry Paulson's book.
The brownfield dudes are literally the average 4chin user though
Brad Pitt as the trader is Sup Forums as fuck too
Margin Call is an underrated movie.
The only problem with it is the end when they said that the banks would just blame it on immigrants and poor people.
Its a fact that immigrants and poor people caused the housing collapse because they were too stupid to understand personal finance and realize the fact that they can afford a 300,000 dollar home on a 50,000 dollar a year salary.
I loved it. Its a good explanation of why 2008 was a happening.
I seriously loved it. Watched it just a month ago on Netflix.
I'm in the industry and it's pretty accurate. Does a good job of outlining what happened without getting too technical so normies can understand it.
I wish I was as autistic as Bale's character. The part about how he's out of the mortgage game and is now speculating water stocks is pretty scary though.
True but banks took a big risk knowing that they are fuckin retarded (and try more like $650,000 on a $50,000 salary) and just hoped that when things go to shit they could pull out of it and then reset.
Banks were also stupid to think that this level of idiocy was sustainable.
But then they got a bailout. So, GG I guess.
Banks knew they would get bailed out the whole time. The banked on the stupidity of liberals.
It wasn't just a good bet. It was pretty much promised that Freddie Mac and Fannie Mae would cover these shit loans,
Wrong
Not covered in the film is that the government lowered the lending requirements and repealed glass Steagle which let them securitize the sub prime loans
And furgemore they agreed ahead of time to garunteed the mtg backed securites if they ent tits up
It was a bet thy couldn't loose and would be retarded not to take
I'm not saying the banks are innocent but it's like handing a pyromaniac gasoline and a match and promising to the neighborhood that you'll cover any damage caused
God damn it
Banks were actually forced to loosen lending standards by the government, and they did so with the understanding that if they did the government would be responsible for any resultant mess through Fannie Mae and Freddie Mac.
Frankly the entire operation went entirely according to plan. Poor people got houses which they ruined, banks got to make tons of money, lose it, and get bailed out, government got to look good with economic growth and increases in "home ownership".
Only the American middle class lost out. Who exactly would want the middle class dead so that only the very poor and the very rich were left at each others' throats?
Banks were still stupid to ignore all the academic work (2005-2007) which showed how bad those securities were. The fact that Goldman Sachs did bet against its own securities, pretty early on, should flesh that out.
Don't get me wrong, the government and liberals share a lot of blame but the banks are still a bunch of cunts and should have been taken to the woodshed.
How come Lehman went down if they couldn't possibly lose?
Its awesome movie, great watch esp if you do trading and understand the lingo they use
Well I agree, I think the movie should have shown how banks and government collude because way to many normies and even people here think that it's either big business or big gov but that's. It true they work together not against eachother
You can't have these mega banks and corps without a big government and you can't maintain a big government without the money and propoing up of the big business
They are allies not antagonists
I haven't seen it but there are two sides to the housing crisis and the one liberals often overlook is the fact the extreme lack of personal responsibility on the part of buyers.
>why did Lehman go down
It didn't go down... it fired everyone and sold off its assets, during 08-10 the largest banks got to acquire the dying banks financed with money given to them by the fed
The banks with the most lackeys in congress got all the assets of their competitors at cut rate prices and with taxpayer money
They made a conscious decision to let Lehman fail and see what happened. After that they decided it was a terrible idea and that protecting every company at any cost was better.
I have a feeling Lehman didn't have very good connections after Bear Stearns (?) was bailed out.
A good job is done at showing the corruption that took place at the banks and ratings agencies, but I was irritated with how they tried to explain the actual cause of the crisis.
The movie mainly blames the securitization process. That was a contributing factor (especially given the lack of transparency in how MBSs were built; people didn't even know what was in what they were buying), but securitization does not in itself make a product dangerous.
The problem comes when people use short term funding (e.g., short term debt, repurchase agreements) to purchase long term, illiquid assets. That has been the formula for basically every banking-related recession in US history.
Great movie, with some of the best quotes
>D O G S H I T, SUBPRIME SHIT
They blamed it on everything but the main cause. Barney Frank complained to HUD that darkies were being discriminated by the banks because they weren't given loans (because they are high risk of foreclosing... this is a historical fact). He coerced banks into giving loans to high risk people who eventually foreclosed on their homeloans. Thank you white guilt.
>Hitlerdubs
>Blames nonwhites and white guilt
yep, checks out
>>>/reddit/
I thought it was funny you faggot
He's right