A Funny Movie About The World Of Finance

Rating: 9/10 (27 October 2016)

The Big Short is a film about the financial crisis that took place in 2007-2008 that was triggered by the housing bubble in the United States.It was based on the 2010 book The Big Short: Inside the Doomsday Machine by Michael Lewis.It stars Christian Bale, Steve Carell, Ryan Gosling,Brad Pitt, Melissa Leo, Hamish Linklater, John Magaro, Rafe Spall, Jeremy Strong, Finn Wittrock and Marisa Tomei. The movie takes a look a group of financial people who predicted that there is going to be a housing bubble that is going to happen as they see through events build up in the early and mid-2000 such as the financial products released by Wall Street
The movie started when it narrates on how the banking evolved throughout the years from being a boring industry into becoming a high-paying industry.Then,we get into Dr. Michael Burry has an uncanny nose for spotting new trends in the financial markets. Later,we get to see that Burry predicts a housing bubble that is about to happen so prepares for it by investing on credit-default swap market, allowing him to bet against market-based mortgage- backed securities. When the market collapses,his investment earns 489%.A salesperson Jared Vennett is one of the first to understand Burry's analysis after learning about his actions from one of the bankers who sold him an early credit default swap.Young investors Charlie Geller and Jamie Shipley accidentally discover a prospectus by Vennett, convincing them to become involved in the credit swaps. Since both are below the capital threshold for an ISDA Master Agreement to obtain the necessities to profit, they enlist the aid of retired securities trader Ben Rickert. They all try to prepare something that would make them rich.
This film is an excellent one.Even non-financial people will definitely enjoy it as it takes us takes us deep into the world of mortgage- backed securities and collateralized debt obligations to explain the financial fraud at Wall Street.Acting is great and the film requires a lot of concentration to follow through the subject matter especially with the explanation of subject matter that is being discussed.As far as the humor is concerned,yeah I agree that the script could have minimized crude and raunchy humor especially for people who are not used to that kind of language.But overall,it was a delightful film to see.