'The Big Short: Inside The Doomsday Machine'

The Big Short is a fantastic movie made in 2015. It is based on the 2010 critically acclaimed book, “The Big Short: Inside the Doomsday Machine” by Michael Lewis. The movie, which does have some comedy value to it, is about the financial crisis of 2007 to 2009. It dives in the causes of the crisis and it how it was caused by the housing bubble and subprime lending. It also shows how certain investors actually made money off the crisis itself. The film stars Christian Bale, as Michael Burry, Steve Carell as Mark Baum, Ryan Gosling as Jared Vennett, John Magaro as Charlie Geller, Finn Wittrock as Jamie Shipley, and Brad Pitt as Ben Rickert.
The movie starts approximately 3 years prior to the financial crisis. Michael Burry is a hedge fund manager,

Another hedge fund manager Mark Baum (based on real life Steve Eisman), learns about Jared’s plan. After doing some analysis of his own, Mark buys the credit default swaps from Jared. As part of Jared’s analysis and narration, he explains that the crisis is also because of packaging subprime loans into collateralized debt obligations (CDO). What is a CDO? It is structured financing that takes cash flow generating assets and repackages them into separate tranches (portions of debt), which will then be sold to investors. The assets of a CDO include mortgages, bonds, and

They would approve mortgages with adjustable rates, knowing that if interest rates increase, the borrower has no way to repay. There was a scene where the one broker was speaking with Mark and explaining his lavish lifestyle because he was able to sell mortgages to just about anyone. They never gave the entire picture to the lender. With adjustable rates, if interest rates rise, your payments will rise with it. Can the lender be blamed as well? Of course they should. Mark was speaking with a “female dance” and she was explaining how she has all these properties. She should have done her homework. It took Mark to give her a Mortgage 101 lecture before she realized she could potentially default. There was some satisfaction, at the end of the movie, when the one mortgage broker was sitting in a room, with what we can only assume were other out of work mortgage brokers, seeking other means of income. Someone losing a job is never good and is sad. However, it showed that greed finally caught up to