During the Cold War, an American lawyer is recruited to defend an arrested Soviet spy in court, and then help the CIA facilitate an exchange of the spy for the Soviet captured American U2 spy plane pilot, Francis Gary Powers.
Harvard student Mark Zuckerberg creates the social networking site that would become known as Facebook, but is later sued by two brothers who claimed he stole their idea, and the co-founder who was later squeezed out of the business.
Three separate but parallel stories of the U.S mortgage housing crisis of 2005 are told. Michael Burry, an eccentric ex-physician turned one-eyed Scion Capital hedge fund manager, has traded traditional office attire for shorts, bare feet and a Supercuts haircut. He believes that the US housing market is built on a bubble that will burst within the next few years. Autonomy within the company allows Burry to do largely as he pleases, so Burry proceeds to bet against the housing market with the banks, who are more than happy to accept his proposal for something that has never happened in American history. The banks believe that Burry is a crackpot and therefore are confident in that they will win the deal. Jared Vennett with Deutschebank gets wind of what Burry is doing and, as an investor believes he too can cash in on Burry's beliefs. An errant telephone call to FrontPoint Partners gets this information into the hands of Mark Baum, an idealist who is fed up with the corruption in the ... Written by
Michael Burry named his hedge fund company Scion Capital after a favorite childhood book, "The Scions of Shannara." Christian Bale is seen reading that book in one of his first scenes in the movie. See more »
In various scenes set in 2005 to 2008, cars have "Empire Gold" New York license plates. Empire Gold plates were first issued in 2010. From 2000-2009, the plates were blue and white. See more »
"The Big Short" is educational, relevant and entertaining.
Nothing Small about "The Big Short"
"The Big Short" is based on the book with the same name by financial journalist Michael Lewis. It is about collateralized debt obligations, subprime mortgages, credit default swaps and bundling. A snoozer right? Not one bit. "The Big Short" is more entertaining than most films in the cineplex this holiday season. Even if you don't know much about the subprime mortgage crisis of 2007-08, you will recognize a quality film and want to know more about the world economic collapse when the film is over.
The film uses a multitude of techniques to tell the story. There are fourth-wall breaking monologues, a model in a bubble bath explaining economics as well as a singing idol and a celebrity chef using metaphors of cooking and gambling to explain the economic crisis. There are jump cuts, slow motion, foreshadowing and flash backs. The filmmakers use any and all tricks to explain a complicated mess of financial chicanery in order to help the audience understand. The banks, mortgage brokers, the credit ratings agencies and the government manipulated people in the nation and world into investing in worthless packages of bonds, and it behooves the director and writer, Adam McKay, to use all cinematic tricks to explain and untangle the financial corruption. The miracle is that the film deciphers the economic melt-down well while entertaining its audience.
The acting is stellar from the stars to the bit players. They aren't just playing a role, they embody characters during a remarkable time in history. My mother thinks Steve Carrell was the best actor in the film, for she did not even recognize him at first. He plays against character and she liked that. However, my mother had never seen Carrell in "The Office." His character, Mark Baum, is much like the boss from that television series. However, in "The Big Short", he plays it straight. He is a boss of a fund under the umbrella of Morgan Stanley (but it's not Morgan Stanley, and his team likes to point out), and he is on a mission to bring down banks, to show them up, and to prove he's been right about the financial warning signs. He is betting against the hand that feeds him, Morgan Stanley.
I preferred Christian Bale's performance as Michael Burry, an unselfconscious, manic math genius. I haven't seen that frightening look in Bale's eyes since "American Psycho", but this time he's only killing the mortgage backed securities market. Meanwhile, Brad Pitt, under- playing another disaffected former banker, Brad Rickert, helps two friends make millions while they bet against terrible investments, or "play short" the mortgage market. His backstory is revealed steadily and in a way that makes us wonder why he briefly got back into the investment "game." Even Ryan Gosling makes his mark in this star-studded cast playing the prescient "Jared Vennett." Remember, all the characters in the film are based on real people. And that is what makes it so remarkable.
The other major players in the film are Bear Stearns, Morgan Stanley, and a slew of investment houses who at best ignore the coming financial crisis or at worst, colluded in its creation. From the realtors selling the mortgages, to the banks loaning at subprime, to the banks bundling the worthless packages, they were all making too much money to want to stop. This is exactly the kind of over-exuberance that occurred in the 1920s stock market crash, but few payed attention then or in 2007.
"The Big Short" is a dramatized film of true events. And to make sure we understand, the actors break the fourth wall several times to tell us what part is true to the detail and what part is fictionalized to make it more dramatic. But if you are still incredulous, read the book. The events are all sadly true, and we are still paying for it.
Rating: Pay full price (but you might want to see it twice.)
It will take at least two viewings to catch half of what is embedded in this film. This film is entertaining, educational and relevant.
Peace, Tex Shelters
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