10 years later
Still relevant
Still kino
10 years later
turns aside to the camera to explain everything to the audience
Uses clever analogies to help the viewer understand unfamiliar concepts
Kino
and does it in a way that infantilizes the audience by explaining something simple, while not even explaining things well
The Anthony Bourdain one in particular. Tranching is not complex, and that explanation just makes it more complicated rather than more clear. I fucking hate Adam Mackay.
trivializes life and death issues by turning the subject into a cartoon and refuses to point out the perpetrators helped get Obama elected who, in turn, did fuck all to hold anyone to account
I fucking hate Adam Mackay.
He honestly should have stuck to making boner comedies with Will Ferrell. What a retard.
Margin Call > The Big Short but it's closer than one would think. They're both great in their own way.
I will never know, remember, or understand what happened in 2008. No matter how many times people explain it to me or how many retarded movies are made. It's in one ear and out the other no matter what I do.
Adam McKay is god tier for the simple fact that his movies are always interesting while at the same time staying digestible enough to keep the pleb masses attention. He's up there with Alex Garland for my favorite current directors.
with jews you lose and they win.
Banks gave massive home loans to retards who couldn't afford them, people bought their debt as an investment because banks found a way to pretend the retards weren't retarded, all the money lead to home prices skyrocketing and the debt owed by the retards increasing, the retards who couldn't afford the homes in the first place had even more of a debt burden and stopped paying the debt...the retards lost their homes, everyone who bought their debt as an investment lost their savings, people who the banks used to pretend the retards weren't retarded took credit hits, the value of real estate for people who owned their homes plummeted.
That's it. Not that complicated.
This post made me shudder
Especially after trump destroyed the economy
Oh, I forgot. Everyone got fucked by inflation because Obama printed massive amounts of money to bail out the bankers who had actually made money by fucking everyone over.
Every time someone gets dubs, 40,000 people die.
I read the plot the other day. You’re telling me that most of the world went through a major economic recession (which many European countries haven’t even recovered from yet) because some American bankers did some shady shit? Is America really that powerful?
mortgage-backed securities(MBS) were being bundled into collateralized debt obligations(CDO) in order to make them appear less risky.
then people started to bet on these CDOs using Credit Default Swaps(are they going to default or not?), and these are called synthetic CDOs.
once people realized that these MBS were actually very risky and going to default, everything crashed and a lot of money(from the synthetic CDOs) just disappeared.
That doesn't dumb the subject down, retard. The trick is not using the same jargon the robbers used to obfuscate their robbing.
the bankers are "American" and not globalists
Who's gonna tell him?
then maybe that faggot should start learning something.
reminder that they're doing this again but this time pension funds are buying them and the term is now only a month
Seeing as you're more advanced than him you should know language is used to mask things and jargon is always a huge red flag.
Any Adam McKay movie will get threads for days due to the simple fact that there is something there to talk about instead of being forgettable slop #489.
something there to talk about
Talking about what wasn't talked about and mocking how lowbrow the propaganda is from the retard king of aught era boner comedies.
Mckay made nixon so he’s ok in my book chud
the book of a guy who has never read a book
Not interested.
but it's not complicated
mortgage-backed security is just a financial vehicle to invest in mortgages
collateralized debt obligation is just what it sounds like. you're collateralizing the debt obligation(mortgages) into a nice diversified group
credit default swaps are swaps that bet on whether those mortgages will default. a swap is just "i'll give you this monthly premium in exchange for a huge payout if im right"
I’ve just finished reading persuasion: a Jane Austen joint actually and it was kino. Try again, chud.
money isn't real
GameStop
Steve Carell trying to play a serious role never works.
mortgage-backed security
financial vehicle
collateralized debt obligation
diversified group
credit default swaps
bet/default
What did I just tell you about jargon? Stop being a midwit.
fiction
Lol
once people realized that these MBS were actually very risky and going to default, everything crashed
Why did this happen?
A vapid, preachy and historically false movie that is based upon fiction that the uneducated and uninformed will obediently lap up.
The Community Reinvestment Act of 1977 added thousand upon thousands of pages of regulations that forced banks to lend money to low-income areas. Yes, forced.
This is the typical liberal prescription for all the ailments of society: Throw logic and reason out the window, and use a warm and fuzzy touchy-feeling legislation to try to fix an imagined injustice.
The Federal government (through the FDIC and FFIEC) required banks and mortgage companies to advertise and make super-low mortgage loans to people who should not have been buying a house in the first place.
If the banks refused to take on these dangerous loans, they risked steep fines, being audited, and even being taken over by the government while that particular bank was being given (yes, given) to another bank in the area.
So what did banks do? They made loans to everyone. What did that do? Made house prices SOAR. Which did what? Turned a $50,000 house into a $150,000 house.
Now you have a family, who barely had any money to being with, trying to pay a $1,000 mortgage when their total income was maybe twice that. Their home gets re-assessed by the government, then their property taxes skyrocket.
Why? Because the leftists and liberals said 'everyone deserves the right to own a home'.
People began defaulting on loans. Missing payments. Houses were repossessed. The market crashed.
it was simply a matter of time in the mid-late 2000s. these risky people stopped paying their mortgages. the lenders started to demand immediate payment, which didn't come. they foreclosed on the homes, meaning they seized them and resold them to recover the debt.
Why? Because the leftists and liberals said 'everyone deserves the right to own a home'.
That's only half the story. Libtards voted based on propaganda saying that's what they were promoting while the donor class were really just making more $$ while being shielded from any consequences of their risk. Basically, they were betting with your money and their loyal army of NPCs would attack you for being heartless if you called it out.
lenders were handing out money to basically anybody for a house in the 2000s. then
from a cinema perspective, I think it's great because the actors get to show some range and depth they don't always get to show. big name actors get typecast and end up doing the same character over and over.
as a fictional portrayal based on real events it's good- it dumbs things down enough for people to follow while still having plenty of substance
I think it touched on some things that don't get discussed- how the crash helped Obama get elected, he printed tons of money to bail the banks out and no one was held accountable. there are layers to that- the DNC wanted Hillary to win. Obama campaigned in towns and in inner cities, places politicians never campaign, and registered people to vote. he won the Democrat primary by getting new voters registered. his original economic plan was made with input from civil rights activists from the 60s and had stuff that worked for minorities then. the DNC opposed all of that. the Democrat establishment didn't want Obama to win
there are a lot of bad people in politics, and the higher you go the worse people get. both parties work for corporation and for billionaires. George Soros is an actual nazi, his parents were friends with adolt hitler. and Biden gave him the presidential medal of freedom, because fascism is the goal of the DNC.
so bad people made a lot of money of off shady mortgages and made more money off of the bailouts. they are at it again, Biden/Harris made it so banks have to give loans to high risk minority applicants and give loans to illegal aliens. Biden/Harris and the other criminals wanted a repeat of 2008, and they tried to assassinate the guy who prevented it
The 2008 financial crisis was precipitated by a confluence of macroeconomic imbalances, regulatory arbitrage, and a systemic underestimation of correlated risk exposures within the shadow banking sector. At its core, the crisis stemmed from the proliferation of subprime mortgage lending, facilitated by lax underwriting standards and securitization practices that disintermediated credit risk through collateralized debt obligations (CDOs) and other complex structured finance vehicles. Financial institutions, incentivized by originate-to-distribute models, offloaded increasingly toxic mortgage-backed securities (MBS) to a global investor base, many of whom relied on flawed Value-at-Risk (VaR) models and overoptimistic credit ratings conferred by conflict-ridden rating agencies operating under an issuer-pays model. The widespread use of over-the-counter credit default swaps (CDS), particularly by undercapitalized counterparties such as AIG Financial Products, introduced significant counterparty risk and systemic fragility, while the opacity of off-balance-sheet special purpose vehicles (SPVs) and structured investment vehicles (SIVs) obfuscated institutions' true leverage ratios. Meanwhile, a prolonged period of accommodative monetary policy by the Federal Reserve contributed to an asset bubble in real estate, exacerbated by procyclical regulatory frameworks such as Basel II, which failed to adequately account for tail risk. The collapse of Lehman Brothers catalyzed a broader liquidity freeze as interbank lending markets seized and confidence in counterparties eroded, resulting in a cascading failure of market functioning and necessitating unprecedented central bank interventions and fiscal backstops to prevent total systemic collapse.