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New trailer for The Big Short should start getting you angry

11.23.2015

THE BIG SHORT is one of those anger-inducing movies.

Pulling back the curtain on all the shady business that was taking place several years ago to prop up the housing market and ultimately the economy, Adam McKay's adaptation of Michael Lewis' book will have you fuming in your seat as you get a better understanding of why people were losing their homes and who was benefiting from it.

The new trailer for the film from Paramount only scratches the surface of everything that was happening, although it starts to lay the foundation for all the fraud and greed that fueled this eventual economic collapse. At a time when we get outraged about every little thing, here's a film that deserves that sort of response and hopes you direct it accordingly to affect future change.

THE BIG SHORT starts its limited release on December 11.

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8:00PM on 11/23/2015
While I'm sure this is going to be a great movie, the trailers for it have been making it out to be a completely different movie. With all the quick shots, booming music, and "cigarette smoking" announcer, it looks like an action flick than a serious drama. Whoever was hired to make these trailers should re-evaluate the product with which they were given to advertise.
While I'm sure this is going to be a great movie, the trailers for it have been making it out to be a completely different movie. With all the quick shots, booming music, and "cigarette smoking" announcer, it looks like an action flick than a serious drama. Whoever was hired to make these trailers should re-evaluate the product with which they were given to advertise.
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7:50PM on 11/23/2015
The more I see the more I like it.

Side note, I used to get Hamish Linklater and Jeremy Strong confused with each other. Now they're in the same movie so hopefully I never make that mistake again.
The more I see the more I like it.

Side note, I used to get Hamish Linklater and Jeremy Strong confused with each other. Now they're in the same movie so hopefully I never make that mistake again.
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7:46PM on 11/23/2015

I'll be curious to see.....

.....if it also explains how people bought houses with no money down, no proof of income, and immediately defaulted on their loans (by the hundreds of thousands) rather than face a difficult repayment when things went bad.

Oh wait, I don't wonder at all. Event though the collapse COULDN'T have happened without people defaulting on those loans they were given (much of it a requirement by the CRA), I'm sure it won't merit a mention.
.....if it also explains how people bought houses with no money down, no proof of income, and immediately defaulted on their loans (by the hundreds of thousands) rather than face a difficult repayment when things went bad.

Oh wait, I don't wonder at all. Event though the collapse COULDN'T have happened without people defaulting on those loans they were given (much of it a requirement by the CRA), I'm sure it won't merit a mention.
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7:50PM on 11/23/2015
Didnt you know? Its those evil corporations and those Wall Street guys. You should maybe listen to a Rage Against the Machine album and educate yourself.
Didnt you know? Its those evil corporations and those Wall Street guys. You should maybe listen to a Rage Against the Machine album and educate yourself.
7:54PM on 11/23/2015
Why are you so sure? I'm curious about if they mention that part, too. I just lack your confidence it seems.
Why are you so sure? I'm curious about if they mention that part, too. I just lack your confidence it seems.
9:04PM on 11/23/2015
Hoyle, when it comes to Hollywood, I'm a cynic. There are important stories to tell about people who got complicated loans they probably couldn't understand, so were trapped into a no-win situation. There are also stories to tell about people trying to use the system to upgrade their life (like house flippers) who then turned around and dumped billions of debt on the backs of the American taxpayers without an ounce of remorse. I would love to be proven wrong, but I am more than sure this
Hoyle, when it comes to Hollywood, I'm a cynic. There are important stories to tell about people who got complicated loans they probably couldn't understand, so were trapped into a no-win situation. There are also stories to tell about people trying to use the system to upgrade their life (like house flippers) who then turned around and dumped billions of debt on the backs of the American taxpayers without an ounce of remorse. I would love to be proven wrong, but I am more than sure this will focus exclusively on the banks who saw the risk and decided to dump it on the next guy and pretend they were the only ones doing so.

Chino, that was a BRILLANT point. I'm way behind on my economic education as explained by Rage. Those guys definitely are the go to source when it comes to intellectual analysis of complex issues. ;-)
11:31PM on 11/23/2015
I'm aware of the defaulting loans, forecosures, house-flipping. And I'm sure SOME of that will be at least MENTIONED in this movie (they already mention the housing bubble in the trailer). You're probably right that not all of that will be touched on (for that, I've heard great things about 99 Homes). I can respect your cynicism toward Hollywood though. I don't look to Hollywood movies for hard facts and big-picture historical lessons either.
I'm aware of the defaulting loans, forecosures, house-flipping. And I'm sure SOME of that will be at least MENTIONED in this movie (they already mention the housing bubble in the trailer). You're probably right that not all of that will be touched on (for that, I've heard great things about 99 Homes). I can respect your cynicism toward Hollywood though. I don't look to Hollywood movies for hard facts and big-picture historical lessons either.
9:18AM on 11/24/2015
But the financial collapse was much more complicated on people just defaulting on their loans. Before it even got to that point, banks were grouping a bunch of of their mortgages together into packages to sell off to investment firms like Lehman Bros. etc. The banks would take a bunch of mortgages cumulatively priced at $10M (a rounded off figure, not factual), sell to investment and wall street firms at $9M. The wall street firms would then sell shares in these groups to investors. The
But the financial collapse was much more complicated on people just defaulting on their loans. Before it even got to that point, banks were grouping a bunch of of their mortgages together into packages to sell off to investment firms like Lehman Bros. etc. The banks would take a bunch of mortgages cumulatively priced at $10M (a rounded off figure, not factual), sell to investment and wall street firms at $9M. The wall street firms would then sell shares in these groups to investors. The Wall Street guys were telling investors that the groupings were made up of all AAA mortgages making the price of the mortgage groupings as well as the overall payout much higher than it was. Turns out these groupings were a mix of AAA mortgages, sub-prime mortgages and basically just shit investments.

The banks were approving any loan they could b/c they would just bundle them all into a group, sell off to a Wall Street firm saying it was worth $10M when in reality it was worth far less. The entire system was propped up on these sub-prime mortgages given to people that had no chance in hell of paying it off. So when they started defaulting on their loans, the entire system came crumbling down because not only were the banks losing out on their investments, so were regular every day investors from Wall Street.
2:26PM on 11/24/2015
All of that is true, Mick. And none of it would have resulted in a financial collapse if people hadn't defaulted on their home loans by the hundreds of thousands.

Also, the movie claims that nobody sees this coming. That's funny, considering I can link to the YouTube video of McCain warning about it in 2003, or George Bush's spokesman warning about it around the same time (both on the floor of Congress). Both were attacked by Democrats as being "racists" for wanting to stop the process
All of that is true, Mick. And none of it would have resulted in a financial collapse if people hadn't defaulted on their home loans by the hundreds of thousands.

Also, the movie claims that nobody sees this coming. That's funny, considering I can link to the YouTube video of McCain warning about it in 2003, or George Bush's spokesman warning about it around the same time (both on the floor of Congress). Both were attacked by Democrats as being "racists" for wanting to stop the process of forcing banks to give loans to people who lacked the ability (or incentive) to pay them back. Around the same time, high ranking Democrat Barney Frank was SLEEPING with the head of Freddie Mack, and was coincidentally one of the top people running around in the media attacking anyone claiming there was a problem.

How much of that do you figure will end up in the movie?
7:38PM on 11/23/2015
Looks great and I love the core cast they got for this one to tell the story. Anticipating this one greatly.
Looks great and I love the core cast they got for this one to tell the story. Anticipating this one greatly.
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