The Big Short (film)

Discussion in 'OT (OFF Topic) Forums' started by Red C220, May 28, 2016.

  1. Red C220

    Red C220 MB Enthusiast

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    This film was mentioned on this forum recently. I think it was by Patagonian.

    Well I was on a flight last night and noticed it was on the film menu so watched it.

    It is excellent. The whole mortgage mess in the USA that triggered the world financial meltdown was presented in a palatable, easy to understand and often quite humorous way. It really does beg the question "what on earth were they thinking".

    Very watchable, I found myself laughing out loud on the plane more than once.
     
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  2. Spin_bowler

    Spin_bowler MB Enthusiast

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    I watched on the way back from my last overseas trip, I thought it was really good. I'd like to watch it again without Emirates' over-zealous editing for content.
     
  3. Deleted96908

    Deleted96908 Guest

    MJ raised it first as far as I know. I've yet to see the film, but the book was excellent.
     
  4. Dazzc

    Dazzc New Member

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    The film is excellent
    Very watchable and for the less educated (such as myself) it basically explains how the whole financial system went into meltdown
     
  5. Deleted96908

    Deleted96908 Guest

    Yes. Unfortunately my business was at the very centre of the meltdown and I've still to recover from the consequences. But generally I'm pleased to see that some of the malpractices are being made public. But I think we all realise that the toads behind all this will just slip behind another rock and pop up somewhere else another day.
     
  6. markjay

    markjay MB Club Veteran

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    Like others here I watched it on a long haul flight. I must admit I have not read the book, and while books are usually better then the films made based on them... this particular film was aided by very good performances from Christian Bale and Steve Carell.
     
  7. Deleted96908

    Deleted96908 Guest

    I tend to read or watch but not both - although following yours and Red's reviews, I'm tempted to watch it tonight.

    The main area of interest for me is the CDSs (Credit Default Swaps) which allowed almost anybody to place a bet on the demise of a company. So for $1000 down, in the event of failure, $50,000 would be paid out. £1m pays $50m and so on. And these odds were offered right up to the eve of collapse of some companies, and of course brought down quite a few of the insurers who had to pay out on collapse.

    Up until that time, the people selling these CDSs were hailed as super salesman, money for old rope - these businesses are safe - we will never pay out - and so on. Not realising of course that the positions they held would bring their own companies down - whilst making lots of individuals with $100k+ to spare, multi millionaires overnight.

    I'm assuming all of the above was covered in the film? But perhaps not?
     
    Last edited by a moderator: Jun 3, 2016
  8. SPX

    SPX MB Club Veteran

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    Great film, I thought the performance of Steve Carrell in particular stood out the "they knew they'd be bailed out" scene in particular was a particular scene I enjoyed.
     
  9. markjay

    markjay MB Club Veteran

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    An ex-Lehman friend of mine says that - contrary to common belief - they repeatedly warned their clients that these are very high-risk products. They never intended to sell the quantities they did - and were baffled at the unexpected demand. He also said that at one point they had a 'queue' of waiting clients because they were simply not able to make them fast enough.

    I appreciate it is only anecdotal evidence, but it does push (some of) the blame further down the supply chain, placing it with greedy fund managers and financial advisors etc.
     
  10. ChrisEdu

    ChrisEdu Active Member

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    Snouts in the trough comes to mind.
     
  11. Sparkyy

    Sparkyy Active Member

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    Superb film I watched it last night after the recommend on here
     
  12. ayeready

    ayeready Member

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    One of the best films I've seen in recent times. I done so research on it and the claims at the end.

    I think there's a good chance the claims are correct.
     
  13. Markjames

    Markjames Active Member

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    Watched it on my flight to Singapore at the weekend and agree, a very good film.
     
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