Title: The Big Short - Trailer Source:
[None] URL Source:[None] Published:Apr 6, 2016 Author:The Big Short Post Date:2016-04-06 01:24:35 by Pinguinite Keywords:None Views:1019 Comments:10
I watched this movie last night. I wasn't sure I'd actually do more than see the beginning but it grabs you. It goes beyond outlining the collapse of the housing market in 07-08 by illustrating the complete failure of the PTB's to do the right thing in preventing it. From the big banks having monopolizing control, the SEC with compromised personnel, self-serving fund managers, real estate agents rewarded more for selling sub-prime mortgages and even the ratings agencies all had a financial motive not only to look the other way in the years leading up to the crash, but even continue to do so as the crash was unfolding.
Most ominous is the final note of the movie that the same practices that lead to the 07-08 crash are being repeated.
It's informative and decently entertaining. A bit longer than most movies at a bit over two hours long but worth a watch.
A bit longer than most movies at a bit over two hours long but worth a watch.
What for? Haven't we all lived too painfully through this period? Besides it appears that the film leaves out the real villain here, the real cause of the bad behavior within the private sector.......the DRat Party that de facto legislated sub-prime mortgages and held a gun to the head of the banks to make bad mortgage decisions to uncreditworthy people. Once the Fed opened the floodgates greed within the private was off to the races.
What for? Haven't we all lived too painfully through this period? Besides it appears that the film leaves out the real villain here, the real cause of the bad behavior within the private sector.......the DRat Party that de facto legislated sub-prime mortgages and held a gun to the head of the banks to make bad mortgage decisions to uncreditworthy people. Once the Fed opened the floodgates greed within the private was off to the races.
It does not address political parties, either implicating them nor exhonorating them.
But it illustrates how all parties involved- banks, real estate agents, home buyers, investers, fund managers, ratings agencies and the SEC, all had a motive to promote the fraud. That was eye opening to me.
And then after the collapse, Congress had no motive to clean up the mess, with prosecutions, but instead choosing to bail out the big banks. Only 1 person went to jail as a result. Doubtless a lot of people in congress had a personal benefit to do the bailouts as they had their own money tied up with these institutions.
And if history really is being repeated again now, then that is another reason why it should be watched. Besides that, it's entertaining.
And it's why the country really needs Trump to win. He's the only one who *might* actually be willing to recognize this fraud for what it is and do something about it. Cruz likely would not, Hillary definitely won't.
But it illustrates how all parties involved- banks, real estate agents, home buyers, investers, fund managers, ratings agencies and the SEC, all had a motive to promote the fraud. That was eye opening to me.
Well I guess gaining that insight is worth the price of admission. I didn't have a front row seat to the inside dealings but I knew enough about the banking and financial industries to know that both would have "flexible" standards that would allow rationalizing their actions in the most noblest of terms.
"And it's why the country really needs Trump to win. He's the only one who *might* actually be willing to recognize this fraud for what it is and do something about it."
Sorry, Dollar Donald is a con artist, his run for POTUS is a fraud. Trump is firmly in the club of crony capitalist, a card carrying member. Trump is not running a campaign to win, he never was in it to win.
