How the people were screwed

Rating: 9/10 (27 April 2016)

This is one movie that almost everyone can relate to because it somehow impacted each of us in different ways. This movie is based on the events that led up to the housing market crash in the year 2008.
This really gave an inside look at what the bankers and investors on Wall Street were doing in order to fulfill their own personal financial gain at the expense of the people of the nation. Bankers were approving a significant increased amount in subprime mortgages, and the bankers knew that those subprime mortgages were going to default. But that did not matter to them because the bankers got their bonuses for each signing; once the mortgage defaulted, the bank gets the house back and could do it all over again.
But as the amount of subprime mortgages increased, investors began to recognize an opportunity of arbitrage (basically to make a substantial amount of money in an extremely short period of time). So investors, also knowing that these subprime mortgages would default, were bundling them up in groups and selling them as bonds. Then, still knowing they were going to default, they would bet against them. The process continued, and continued, and kept on escalating. There were billions upon billions of dollars being gambled with, and it was all at the cost of the middle class.
After all that, the market crash was inevitable, and it happened. Millions of people lost their homes, jobs, and pensions. All that chaos of 2008 that the people suffered from and many still are, and it is all because of the greedy and unethical bankers and investors of Wall Street.
This movie did a great job showing what the bankers and investors were doing. It briefly showed what happened to the people, but it was discussed all throughout the movie.