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"The Big Short" - Official Thread - Spoilers Inside (1 Viewer)

Saw it last night. Really liked it. Performances were great and the movie moved really well (probably could have shaved 10 minutes off though). I think they did a good job balancing some of the character motivations towards the end (Carrell, Pitt) but they probably could have done a little more like that with the big bad bankers.

I saw the movie with two friends so it was me as a former bank regulator/now private side banking, a guy who was in MBS sales at Lehman the day it went bust, and an advertising guy. First two really liked it, and advertising guy liked it but had some difficulty with all the terms and finance talk despite what they did to explain things to the audience, so it will be interesting to see how the reaction breaks down.

BTW, they used a very unique and entertaining method of explaining some of the larger themes. Well done on that.

 
It's an important movie to watch.

For what it sets out to do it's a 10/10.

Carrell and Bale both deserve nominations.

I've read the book and followed the proceedings closely but it's a worthy reminder of when our country died.

The casino banking practices, the rampant fraud, and the oligarchy in full display giving the whole country a huge middle-finger.

 
Please read the book, it doesn't matter that we know the outcome. It is more like being inside an intricate bank heist plot. Fascinating stuff. And It explains things really well for the non-financial people.

Please join me in the fight to rightfully jail a bunch of these ####ers. And knowing that Goldman Sachs (among other entities, but still the worst) is the most evil POS organization on the earth.

 
Loved it. Well done. Brought back a lot of bad memories. That was financial armageddon. Carrell was fantastic - even better than Bale IMO.

 
Loved it.

Really neat story telling.

Too bad the GOP wont allow the break up of these maggots. Heck, they want to repeal even more of the regulations on these thieves.

 
Fascinating movie. I can't think of a better one this year.

This is the movie you take your uninformed friends and family to in order to help explain what happened.

Very entertaining while being informative. They really did the fine line dance of keeping some very intricate and complicated things simple, but not insulting the viewer in the process.

Gosling and Pitt really sold their characters. I never got that "hey, there's Brad Pitt doing some dialogue" feeling. When Pitt/Gosling were on the screen, it was like I was watching it happen real time with the real guys. Just completely fluid performances.

Captivating movie that I fully recommend.

One last plus: They never pick political sides in this movie, which in my opinion is going to give this a terrific "re-watchability" metric. There was plenty of arrogance and stupidity to go around without bringing politics into it.

 
BigSteelThrill said:
Loved it.

Really neat story telling.

Too bad the GOP wont allow the break up of these maggots. Heck, they want to repeal even more of the regulations on these thieves.
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The banks were bad, but more so greed **** heads - all being manipulated by Goldman Sachs, the Lex Luthor of the whole thing.

 
Saw it by mistake on Christmas Eve actually......excellent movie.

I was knowledgeable of about 75% of what happened, the movie put it all together for me.

Highly recommend it

 
Anyone so naive to consider any of the aforementioned as spoilers, would be too oblivious to understand the plot machinations.

 
Really well done, excellent acting, well told.

Super depressing as well. The housing market I'm in is higher than what it was when the whole thing went #### up.

 
joffer said:
The General said:
This better than "Too Big to Fail" for those that have seen both?
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way better. very different too. this focuses more on the guys who figured out early what was going to happen.
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Really the only reason why I haven't seen it yet. I feeling i have read or seen this story a bunch of times before.

And for all the crap Goldman takes (and they should) I always thought AIG was the real "institutional cause" of the crash. Government aside for a minute.

 
Yep AIG thoght they were so friggin smart too. They thought they were just monetizing their AAA rating by writing super senior risk at single digit bps. All well and good as long as people keep finding other people to sell their houses to. Goldman was just creating product that its clients would buy.

 
elbowrm said:
Yep AIG thoght they were so friggin smart too. They thought they were just monetizing their AAA rating by writing super senior risk at single digit bps. All well and good as long as people keep finding other people to sell their houses to. Goldman was just creating product that its clients would buy.
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omg. GS not only helped created the concept of these falsely labeled products, they also played the other side because they knew they were ####.

 
elbowrm said:
...which they couldn't have done if there was nobody willing to take the other side.
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Because they were being lied to about the quality of loans that GS helped set up. They thought they were buying something that was AAA. GS created the fugazi that was sold - benefitted from the false sale and then also bet they would eventually fail knowing they were fake (of ####ty quality).

It doesn't get much slimier than that.

 
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Favorite movie of the year, by far. Amazing amazing.

Inspired emotional brew that plays out for the characters and presumably the audience.

While being fully aware of the perils and moral bankruptcy, you can't help but thinking, I wish I got in on this, while many of the characters in the same places. Phenomenal filmmaking.

To that end, the ages and stages of the characters are equally inspired and how real wealth is abstraction less about dollars and sense and more about high stakes competition. But it has a diffeent life cost and lesson to most here. The brad Pitt airport scene illustrating this most starkly.

Just brilliant storytelling though, the film had the task of making dry content tangible and McKay does this masterfully. He is In another realm as a director now. He should be a runaway best director pick.

Can't say enough good about this. Maybe my favorite movie in the last 5-10 years.

 
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Smack Tripper said:
Favorite movie of the year, by far. Amazing amazing.

Inspired emotional brew that plays out for the characters and presumably the audience.

While being fully aware of the perils and moral bankruptcy, you can't help but thinking, I wish I got in on this, while many of the characters in the same places. Phenomenal filmmaking.

To that end, the ages and stages of the characters are equally inspired and how real wealth is abstraction less about dollars and sense and more about high stakes competition. But it has a diffeent life cost and lesson to most here. The brad Pitt airport scene illustrating this most starkly.

Just brilliant storytelling though, the film had the task of making dry content tangible and McKay does this masterfully. He is In another realm as a director now. He should be a runaway best director pick.

Can't say enough good about this. Maybe my favorite movie in the last 5-10 years.
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The book already did a lot of the heavy lifting of making a dry subject riveting.
 
Binky The Doormat said:
elbowrm said:
Caveat emptor
Click to expand...
Pretty flippant attitude for a crime of catastrophic proportions that demolished millions of people and their savings.

Apparently you didn't lose much money in the stock market as a result when that happened or you wouldn't feel that way.
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To blame Goldman Sachs for the whole thing is ridiculous. They weren't lending money to anyone to buy houses they couldn't afford. The mismatch of short term incentives with long term decisions at every step of the process is what caused the downturn - the spec building industry who built houses just to flip them, the house buyer who took out a 7 year ARM because they would sell the house within 7 years for a profit, the Bentley-driving mortgage broker who found him a loan for a fee, the mortgage lender who lent the money with no documentation he could pay it back because they weren't actually in the business of lending money, but of packaging groups of loans to be sold into securitization warehouses, where they would sit for a few months before being tranched out to more efficiently price the risk of default, with zero requirement that they hold any of the risk themselves, to the insurers of risk on those tranches who operated with models that didn't contemplate house prices ever gong down, at every step someone made a lot of short term money that was misaligned with long term consequences. goldman was just a cog in the vast machine. The specific buyers of the synthetic CMO's that were created by Goldman at Paulson's behest had a case against them, although they should have done their homework on the underlying pool (hence caveat emptor) - as a result Goldman settled a pretty big case about this I believe. I do not.

 
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Binky The Doormat said:
elbowrm said:
...which they couldn't have done if there was nobody willing to take the other side.
Click to expand...
Because they were being lied to about the quality of loans that GS helped set up. They thought they were buying something that was AAA. GS created the fugazi that was sold - benefitted from the false sale and then also bet they would eventually fail knowing they were fake (of ####ty quality).

It doesn't get much slimier than that.
Click to expand...
institutions lying about their bond quality has been going on since bonds were invented.

 
Michael Brown said:
So for those who watched to the end, what's the best way to go about investing in water?
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I did some research after seeing the movie and the answer is almond farms. :oldunsure: Apparently almond farms use a tremendous amount of water. When there is a shortage of water, some growers stop planting almonds, driving the price of almonds up for the the remaining growers. Almond farmers that have their own water supply stand to benefit immensely.

 
dparker713 said:
Smack Tripper said:
Favorite movie of the year, by far. Amazing amazing.

Inspired emotional brew that plays out for the characters and presumably the audience.

While being fully aware of the perils and moral bankruptcy, you can't help but thinking, I wish I got in on this, while many of the characters in the same places. Phenomenal filmmaking.

To that end, the ages and stages of the characters are equally inspired and how real wealth is abstraction less about dollars and sense and more about high stakes competition. But it has a diffeent life cost and lesson to most here. The brad Pitt airport scene illustrating this most starkly.

Just brilliant storytelling though, the film had the task of making dry content tangible and McKay does this masterfully. He is In another realm as a director now. He should be a runaway best director pick.

Can't say enough good about this. Maybe my favorite movie in the last 5-10 years.
Click to expand...
The book already did a lot of the heavy lifting of making a dry subject riveting.
Click to expand...
Selena Gomez and Margot Robbie in the book?

 
Short Corner said:
elbowrm said:
Caveat emptor
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Meh. A lot of investors trusted that the ratings agencies weren't in the pockets of the investment banks. How the government didn't shut them down is beyond me and indicative that we are headed for another bubble.
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:goodposting:

Seriously, this is the one thing that I learned from this movie. I didn't realize they were in bed with the banks to the extent this movie depicts.

You literally can't trust the rating agencies at all...which is crazy because they are supposed to be a control for the entire system.

 
TripItUp said:
Short Corner said:
elbowrm said:
Caveat emptor
Click to expand...
Meh. A lot of investors trusted that the ratings agencies weren't in the pockets of the investment banks. How the government didn't shut them down is beyond me and indicative that we are headed for another bubble.
Click to expand...
:goodposting:

Seriously, this is the one thing that I learned from this movie. I didn't realize they were in bed with the banks to the extent this movie depicts.

You literally can't trust the rating agencies at all...which is crazy because they are supposed to be a control for the entire system.
Click to expand...
I'm not a finance guy but have friends in it...and I always recall a very healthy respect and fear of the SEC. The toothless(on the whole) and ineffectual nature was the biggest surprise post 2008.

In retrospect, it makes perfect sense given the respective salaries and opportunities in private and public but things always do looking back.

 
book has one of my favorite quotes:

"There were more morons than crooks, but the crooks were higher up."

and speaking of Goldman Sachs, now 4 of the 12 Federal Reserve regional presidents are former execs of GS.

 
elbowrm said:
Binky The Doormat said:
elbowrm said:
Caveat emptor
Click to expand...
Pretty flippant attitude for a crime of catastrophic proportions that demolished millions of people and their savings.

Apparently you didn't lose much money in the stock market as a result when that happened or you wouldn't feel that way.
Click to expand...
To blame Goldman Sachs for the whole thing is ridiculous. They weren't lending money to anyone to buy houses they couldn't afford. The mismatch of short term incentives with long term decisions at every step of the process is what caused the downturn - the spec building industry who built houses just to flip them, the house buyer who took out a 7 year ARM because they would sell the house within 7 years for a profit, the Bentley-driving mortgage broker who found him a loan for a fee, the mortgage lender who lent the money with no documentation he could pay it back because they weren't actually in the business of lending money, but of packaging groups of loans to be sold into securitization warehouses, where they would sit for a few months before being tranched out to more efficiently price the risk of default, with zero requirement that they hold any of the risk themselves, to the insurers of risk on those tranches who operated with models that didn't contemplate house prices ever gong down, at every step someone made a lot of short term money that was misaligned with long term consequences. goldman was just a cog in the vast machine.The specific buyers of the synthetic CMO's that were created by Goldman at Paulson's behest had a case against them, although they should have done their homework on the underlying pool (hence caveat emptor) - as a result Goldman settled a pretty big case about this I believe. I do not.
Click to expand...
Good stuff here. No doubt that there were many culprits. My point is that GS saw an opportunity and orchestrated the plan to deceive. Then played both sides.

Not having any of them (and other bankers for that matter) go to jail ...is crime in of itself.

 
oso diablo said:
book has one of my favorite quotes:

"There were more morons than crooks, but the crooks were higher up."

and speaking of Goldman Sachs, now 4 of the 12 Federal Reserve regional presidents are former execs of GS.
Click to expand...
The part about GS is totally ####ed up.
 
Rohn Jambo said:
The General said:
oso diablo said:
book has one of my favorite quotes:

"There were more morons than crooks, but the crooks were higher up."

and speaking of Goldman Sachs, now 4 of the 12 Federal Reserve regional presidents are former execs of GS.
Click to expand...
The part about GS is totally ####ed up.
Click to expand...
GS continues to invest their own money differently than their recommendations to clients.
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I try not to fall into the "those guys are all crooks and scumbag who would do pretty much anything to take all the money" camp but, man they make it hard.
 
Just rewatched inside job. Great companion piece

Amazing just to put into a context that hits home for us, there has been more aggressive and unified action to regulate daily fantasy sports than CDO's as of 2012

 
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The General said:
Rohn Jambo said:
The General said:
oso diablo said:
book has one of my favorite quotes:

"There were more morons than crooks, but the crooks were higher up."

and speaking of Goldman Sachs, now 4 of the 12 Federal Reserve regional presidents are former execs of GS.
Click to expand...
The part about GS is totally ####ed up.
Click to expand...
GS continues to invest their own money differently than their recommendations to clients.
Click to expand...
I try not to fall into the "those guys are all crooks and scumbag who would do pretty much anything to take all the money" camp but, man they make it hard.
Click to expand...
GS is a legalized mob organization.
 
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