Entertaining way of explaining how banks caused the housing crisis & the 2008 Recession
The Big Short was based upon a book by Michael Lewis of the same name and co-written and directed by Adam McKay in his first serious venture. He’d done comedies with Will Ferrell before. The book and film were about the housing crisis that started the 2008 Great Recession.<br /><br />The cause was mortgage backed securities. That’s where bankers took people’s mortgages, bundled them together, and sold them to investors for billions of dollars. The problem started when banks began giving mortgages to people that should have never been given one because they could never afford a house. The pyramid eventually collapsed, and the whole world economy almost went with it.<br /><br />The Big Short doesn’t give you a dramatic recollection into this event. It doesn’t try to lecture the audience. Instead it takes a non-traditional approach.<br /><br />That starts with the main characters, many of which are very eccentric. For example, Christian Bale is Michael Burry a hedge fund manager who is idiosyncratic. He loves death metal, lost an eye, doesn’t wear shoes or sox in the office, and began investigating mortgages in 2005.<br /><br />McKay also played with the narrative. For instance, at the start Ryan Gosling as Jared Vennett talks right into the camera about how banking used to be a boring business of savings and bonds, but then became a huge multi-billion dollar boom when it got into selling off mortgages as bundles. Another time Margot Robbie is sitting in a bath and explains how Burry was betting against the home loan market and mortgage backed securities were garbage.<br /><br />Most people don’t want to read long articles about how the 2008 Recession happened so the Big Short provides an entertaining means to explain everything.<br />C
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 {"Content advisory": ["Violence", "alcohol use", "smoking", "foul language", "sexual content"], "Audio languages": ["English Dialogue Boost: High", "English", "English [Audio Description]", "English Dialogue Boost: Medium"], "Subtitles": ["English [CC]"], "Directors": ["Adam McKay"], "Producers": ["Brad Pitt", "Dede Gardner", "Jeremy Kleiner", "Arnon Milchan"], "Starring": ["Christian Bale", "Steve Carell", "Ryan Gosling"], "Studio": ["Paramount"]}

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