The Contenders:
The Big Short (winner)
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The Martian
Room
Showing posts with label The Big Short. Show all posts
Showing posts with label The Big Short. Show all posts
Friday, July 31, 2020
Friday, June 21, 2019
Monday, December 3, 2018
Sunday, September 4, 2016
Money, Money, Money, Money
Films: The Big Short
Format: Streaming video from NetFlix on The Nook.
Format: Streaming video from NetFlix on The Nook.
People say that money is the root of all evil, but that’s not what the actual quote says. The actual quote says that the love of money is the root of all evil. I came of age in the greed-happy Reagan years, so it’s not like these are sentiments that I don’t understand. But, even as those heady years of hostile takeovers went away, the underlying desire for greenbacks certainly didn’t. Billions were made and lost during the dot-com bubble, and still, nothing changed. And then the housing market died and everything changed, except nothing changed. That’s the story behind The Big Short.
This is more or less the story of several groups of investors who virtually simultaneously discovered the dismal truth behind the American housing market and decided to short the various mortgage bonds. I’m not much of a financial wizard here, but understand the basics of what happened. Essentially, these investors bet against the housing market because so many of the mortgages were risky and were defaulting. So, while tons of people lost everything when virtually guaranteed investments went bad, these investors made a killing.
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