#123movies #fmovies #putlocker #gomovies #solarmovie #soap2day Watch Full Movie Online Free – 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 financial industry. Baum and his associates, who work at an arms length under Morgan Stanley, decide to join forces with Vennett despite not totally trusting him. In addition to Burry’s information, they further believe that most of the mortgages are overrated by the bond agencies, with the banks collating all the sub-prime mortgages under AAA packages. Charlie Geller and Jamie Shipley, who are minor players in a $30 million start-up garage company called Brownfield, get a hold of Vennett’s prospectus on the matter. Wanting in on the action but not having the official clout to play, they decide to call an old “friend”, retired investment banker Ben Rickert, to help out. All three of these groups work on the premise that the banks are stupid and don’t know what’s going on, while for them to win, the general economy has to lose, which means the suffering of the general investor who trusts the financial institutions. That latter aspect may not sit well with Baum. Some of these assumptions may be incorrect and may be far more manipulative than they could have ever imagined, which in turn may throw curves into the process.
Plot: The men who made millions from a global economic meltdown.
Smart Tags: #mortgage #finance #bank #banking #short_selling #subprime_mortgage #credit_default_swap #mortgage_backed_security #loan #accounting_fraud #financial_crisis #goldman_sachs #wall_street_manhattan_new_york_city #fraud #economics #tranche #subprime_loan #financial_market #business_failure #manhattan_new_york_city #bear_stearns
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|7.3 Votes: 6980 Popularity: 21.414|
Harry Knowles once wrote a review of Das Boot that said the movie was so well made that you’d find yourself rooting for Nazi sailors trying to sink American ships. So here. You find yourself rooting for clever “outsiders and weirdos,” as one of them puts it, who saw what nobody else wanted to see — that an immense structure of mortgage based securities was doomed to collapse because it rested on the backs of subprime borrowers who couldn’t support the weight and should never have been loaned the money. We have been taught by generations of fiction to identify with characters who are outsiders and rebels. Because these guys are smart, because they are antisocial and because they were laughed at by smug fools who believed the conventional wisdom, you identify with them, and you wait anxiously for their vindication. Then you realize that their vindication means the collapse of the American economy. They were the guys on the Titanic who knew what the iceberg meant and booked reserved seats in the lifeboats.
Michael Lewis, from whose book the movie was adapted, got his training at Salomon Brothers in the mid-80s, as mortgage based securities were being invented. (There’s an early shout-out to Lew Ranieri, the Salomon trader who invented them.) As anyone knows who’s read Lewis’s memoir of those days, Liar’s Poker, the culture at Salomon was that your job was to be smarter than everybody else in the bond market, understand values better, and know what other traders were going to do before they knew it themselves. If you were smart enough, you deserved whatever you took away from somebody less smart on the other side of the trade. That’s why Lewis admires his protagonists and that, despite a thick coating of moral outrage, is the heart of the movie. The guys who shorted the housing market weren’t any more virtuous or less greedy than the great majority of complacent, conventionally minded bankers who believed that the trees would keep growing all the way up to the sky. They just saw more clearly and had plenty of nerve and faith in their own judgment. If they had been wrong, as shorts often are, they and their clients would have been wiped out. When they turned out right, they took the money and kept it, even if some of them felt guilty about it.
I know somewhat about this area, having litigated some of the aftermath. The celebrity cameo explanations of subprime debt, collateralized debt obligations, and synthetic CDOs are not only simple but accurate — the two involving Anthony Bourdain and Selena Gomez are downright elegant. The key concept of the credit default swap comes out nicely through the dialogue — a chance to buy fire insurance on the house down the street just before it catches fire. There are a couple of more points that could have used the same thing, especially when people start talking about “FICO scores.” It could also have been a little more clear that the eventual collapse was delayed because the smarter investment banks like Goldman finally woke up, saw it coming, unloaded their CDO inventory on investors who were still asleep, and cut their losses by buying swaps themselves. But this is a smart, entertaining telling of an outrageous true story. It deserves all the praise it has gotten, and maybe an Oscar for best adapted screenplay. If it teaches people without a financial background a little of what went on, it will be more than a momentary entertainment. But it will certainly entertain.
A Funny Movie About The World Of Finance
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.
Original Language en
Runtime 2 hr 10 min (130 min)
Genre Biography, Comedy, Drama
Director Adam McKay
Writer Charles Randolph, Adam McKay, Michael Lewis
Actors Christian Bale, Steve Carell, Ryan Gosling
Country United States
Awards Won 1 Oscar. 37 wins & 81 nominations total
Production Company N/A
Sound Mix Dolby Digital, Datasat, DTS (DTS: X)
Aspect Ratio 2.35 : 1
Camera Arricam LT, Angenieux Optimo Lenses, Canon EOS C500, Panavision Primo Lenses
Laboratory Company 3 (digital intermediate), EFilm (digital intermediate)
Film Length N/A
Negative Format 35 mm (Kodak Vision3 250D 5207, Vision3 200T 5213, Vision3 500T 5219), Digital
Cinematographic Process Canon Cinema RAW (4K) (source format) (some shots), Digital Intermediate (2K) (master format), Super 35 (3-perf) (source format)
Printed Film Format D-Cinema