Adam McKay directs the extremely interesting 2015 picture “The Big Short”. The film tells three separate but parallel stories of the U.S mortgage housing crisis that is said to have played a large part in the demise of the U.S economy eventuating in the 2008 Global Financial Crisis. Christian Bale plays Michael Burry, an eccentric ex-physician turned one eyed hedge fund manager.
Burry believes the US housing market is built upon a bubble that will burst in the near future, and therefore decides to short the market with the banks, something that has never happened in American history. The banks are more than happy to take this deal on, as they believe Burry is foolish. Word gets around of these findings and eventually Jared Vennet (Ryan Gosling), aswell as Charlie Geller and Jamie Shipley, 2 small time investors working out of their garage, also decide they will short the market. The sadness in it all is that for these investors to win, the whole economy must fail.
This true story of a handful of investors shows that people did see the MBS system are structurally flawed and they invested accordingly, profiting big time via a period of economic downturn that is unlikely to be surpassed.
- Jack Miller
References:
1. http://m.imdb.com/title/tt1596363/
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