The big short

[davey72]

I just watched this movie last night which is supposed to be very close to the true story about the housing and mortgage bubble that burst in 2008. It is told in simple layman terms that seem to still be a little complicated for me in some areas after only one viewing. I am curious if anyone has seen it, their take, and if we can learn anything about the current economic crisis from it.

Four denizens in the world of high-finance predict the credit and housing bubble collapse of the mid-2000s, and decide to take on the big banks for their greed and lack of foresight.

-http://m.imdb.com/title/tt1596363/

 

[Turgon]

I saw it when it first came out in theatre's and even with the analogy scenes they used in the movie, I had a few moments. But I think the financial and banking system is purposely made confusing so that theft on a large scale can happen without anyone really taking notice or being too confused to know what's going. But I don't know enough about economics to know how it reflects today's crisis.

 

[gdpetti]

Haven't seen it, but here's a few articles on the subject in general:
http://www.zerohedge.com/news/2015-12-23/big-short-every-american-should-see-movie-be-fking-pissed
http://www.zerohedge.com/news/2016-01-01/next-big-short

And to understand the above with more depth... warning, it's a long one:
http://www.zerohedge.com/news/2016-02-10/physics-energy-economy

 

[luke wilson]

Watched this recently, I highly recommend. Not only does it capture your attention, it's also relevant subject matter.

 

[Solie123]

Watched this recently, I highly recommend. Not only does it capture your attention, it's also relevant subject matter.

I also watched it recently and recommend it. It leaves one with a truly grim picture of the truth on the American economy, due to the conflict of interest and dishonesty of the rating agencies amongst other things. It's shocking to see how the impending market collapse is being further perpetuated. :(

 

[domi]

A commercial real estate broker that I know told me once that he prefers commercial real estate to the stock and bond market - guy had MBA from prestigious school - because it is perfectly legal to use insider information in the commercial real estate space and obviously it is done all the time.