Flick opens with the quote, "It ain't what you don't know that gets you into trouble...

>flick opens with the quote, "It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so."
>flick ends with quote one step short of "gas the bankers, class war nao!"
remind me again why Sup Forums loves this trash

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youtube.com/watch?v=bx_LWm6_6tA
youtube.com/watch?v=iW5qKYfqALE
youtube.com/watch?v=LPSDnGMzIdo
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Gomez was pure kino.

The bit at the end about the guy investing in water spooked me.

>ends with When The Levee Breaks

Instant 10/10

I have gallons of water in my living room. Come at me.

...

I honestly can't believe anybody, regardless of social ideals, didn't take issue with what happened with the american economy and how american citizens got played with. Sure, the movie was meme-y at worse, but the message or wake up call remains the same. It just informed the unaware of what happened with America during the crisis a few years back.

I hope this is bait, because otherwise you're either a severely retarded contrarian, a 'nihilist' edgelord, or a sociopath that doesn't understand morality.

Enlighten us, O paragon of morality; what were the message and "wake up call" we were supposed to glean from the crisis? Was it not a systemic failure due to the stupidy of both lenders AND borrowers? Didn't millions of people take out mortgages they couldn't afford under the delusion that they would be able to refinance at whim for all of eternity? Who should be prosecuted and why?

t. Banker

the banks and bankers responsible should be held accountable because they were the ones perpetrating the scheme. Simply because the american public fell for it doesn't make it their fault.

Which banks? Which bankers? If you can't give me names and a chargesheet, you're just mindlessly regurgitating 500-year-old populist rhetoric devised to elect blowhards.

g-goldman sachs?

Actually these are people who literally did not understand what a mortgage was. They thought it was like rent, or assumed they could count on making more money. In the USA especially, there are people who simply don't understand finance. When you have eager real estate agents and bankers who don't tell these people the whole story, or assure them that this is their best chance at home ownership, of course they're going to jump on it.
And on top of that, it's much worse that once they managed to finance all these bogus mortgages they started selling them for pennies on the dollar, while knowing they'd never be repaid and gambling with people's savings, the ethical issues become more clear.

did you even watch the fucking movie? they literally name over 50. fuck, you could google it yourself you twatty dicked cunt.

You're probably trolling because nobody is this retarded, but:

>Banks and investors make money by betting on the success of mortgages and debt.
>The only oversight this extremely volatile market has are credit agencies with an incentive to give debt ratings as optimistic as possible.
>Slimy shitheads, instead of hitting the breaks on this high-end fuckup, shout "Free Money!", repackage the worst debt, and try to bill them as safe bets.
>This all eventually catches up to them, but the finance industry is so huge that if it collapses it'll take the whole world with it.
>Instead of allowing them to fail like any other company, the government is forced to bail them out because the scale of capital they control make them too important to fail.
>Said finance industry just chuckles and goes on to do what it did before.

This had very little to do with irresponsible borrowers, and a lot to do with people gambling wildly because they thought/knew they could get away with it.

The lesson to take from the mortgage crisis and great recession is that pure unfettered capitalism isn't inherently utopian, and that institutions that horde and process massive amounts of capital are every bit as powerful as sovereign nations, often even more powerful.

The movie seems to leave out an important player in the problem: the government.

youtube.com/watch?v=bx_LWm6_6tA

Why did investors want CDOs? Because they're greedy? What, greed wasn't invented before this century? It was due to the fed keeping interests rates low. What about Fannie Mae and Freddie Mac? Are they even mentioned in this movie? Where was the clip of Barney Frank calling republicans a bunch of racists because they thought maybe it wasn't such a good idea to give mortgages to poor people who can't afford to pay them back?

Again, the failed mortgages aren't what crashed the economy. The incentives and the system created to profit off of mortgages without risk did.

This argument is like seeing a gambler bet his life savings at the horse track and then blame the jockey for bankrupting him.

>Where was the clip of Barney Frank.. ,

Barney Frank is on the board of a bank and wrote a bill called Dodd Frank that basically was a slap on the wrist at best and an excuse by bankers to continue the same practices at worst. The problem with governments, banks and corporations in general is they have merged to form a class of people who are above the law and slap each others back ad-nauseam. Business by itself is not bad, banking by itself is not bad and government in of itself isn't bad, but when you set up a massive incentive structure that rewards reckless behavior at the top and shields all the risk to backfire on the people at the bottom these things in connection to each other became a bad structure that needs correcting.

>Again, the failed mortgages aren't what crashed the economy. The incentives and the system created to profit off of mortgages without risk did.

Who were the ones backing most of these mortgages? Fannie Mae and Freddie Mac. Why did these government entities keeps funding bad mortgages even though many on Wall Street were wanting of a bubble?

youtube.com/watch?v=iW5qKYfqALE

The only politician I remember seeing in that movie as a few seconds of George W. Bush implying he was responsible. Quite ironic...

youtube.com/watch?v=LPSDnGMzIdo

>yfw macro-economically we're in the same position as we were in 2008
>yfw we never truly deleveraged
>yfw aggregate debt levels are at an all time high
>yfw leverage ratios right now
>yfw healthcare and student loan bubble right around the corner

>"It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so."
I don't get it

>there are actual mouthbreathing fucking retards ITT who so irrationally hate anything that even strays a milimeter from the right that even the notion of someone saying that big bankers might be assholes is enough for them to shout COMMIES GTFO!
When did you become so stupid? What benefits do you get from being a human shield to billionaires who don't even consider you human? Oh wait that's right, ONE DAY YOU'LL BE LIKE THEM! YOU JUST HAVE TO WORK HARD!

>Some motherfuckers always try to ice skate uphill.

It was comfy desu.

Anyone with a brain knows this entire game is savagely imploding in the next 20 years