I watched this, I still don't really understand what happened 100%.
What is a "short". How can you "bet" against something in finance?
So Trash people who can't afford loans, get loans due to no preventative measures and people being greedy. These "shit loans" get put into groups and the group is then designated "not shit". Then what happens with the groups of "not shit" loans?
>>67848995
kek the people on this board just get stupider and stupider.
A short is where you borrow an asset with a promise to return the asset at x date. Before you return it, you sell the asset and then rebuy it at a much lower price, thereby profiting.
back to r*ddit pleb retard scum
>Adam MacKay wants an oscar
>let's just do Wolf of Wall Street but with Duplexcam
>also Brad Pitt has offered to put a good word in with the academy so long as he can play the morally sensitive whiteknight
>>67848995
Did you watch the movie? They literally explain all of this
Something feels very strange about all these 'fuck the big players' movies getting churned out by fucking Hollywood. It's like when you see a parody of something featuring people actually from what it's making fun of, it just feels wrong.
>>67849042
i see what you did there
>>67848995
They all got screwed at the end except a few. It's a semi-docu-drama that doesn't really deals with either a personal story or getting deep into the problem to show what really happened in my opinion. I think "Short" implies almost everyone in the story comes "Short" on the results. Of course, you bet against "Odds" that being calculated the statistics & trend dummy !!! It almost feels like playing at Vegas (笑´・艸・)
In order to buy this film you have to buy a fuck ton of falsities regarding the nature of the housing market and foreclosures, and some really reductive moral arguments. It's a comfy blanket movie, allowing the audience to succumb to everything they already know (that's either simplified, false, or both) instead of actually challenging them.
I fucking hated it
>>67848995
What is a short? Seriously? Life is going to be very hard for you son..
For starters, how could you not know how and what caused the GFC long before this film came out? Do you live in an oblivious little bubble of ignorance.
Anyway it explained it to the audience like they were 5.
People sold to house mortgages to people that couldnt afford it. When the occupants couldnt pay their mortgage, the banks sold the loans to somebody else, and then they sold it, and this kept happening until the buck had to fall somewhere. This is the crash
>>67849382
you fucking moron. a short is when you sell something you don't own yet. its a financial instruments. a particularly risky one - since you dont own it yet and its value could either increase or decrease significantly between the time of the contract and the time the money is due
>>67848995
They literally explain to you directly the entire premise of a short and everything else that would make the average Americans head go hurty.
>>67849424
what falseities. There was obviously artisitic liberty involved, but it did a good job and describing how toxic MBS were created, and how these lead to the crash.
Margin Call is another good one that shows what course of action probably took place when Lehmanns realized what was going on, and pricked the bubble
Kek it was explained in a way that even a small child could understand.
>>67849662
Margin Call was breddy gud. I'm doing an economics elective at uni and the lecturer recommended it.
>>67849680
Americans have the intelligence of lawn chairs.
>>67849680
I like how the fact that the film believes its audience is too stupid to understand the financial crisis is not cited as a reason for the financial crisis. Otherwise, it's like that Planet Money series recited by movie stars with bad hair, so, you know, fun.
I don't even understand how investing works. You buy a piece of company but they don't actually get the money for it.
>>67848995
They literally explained all of the terms in the most dumbed down way possible throughout the flick.
>>67848995
>Then what happens with the groups of "not shit" loans?
Since despite what these banks try to say, everyone knew they were shit, they dumped them on pension funds and other retirement funds, it was a pretty smart way for the wall street jews to essentially steal all the money in those funds by trading worthless garbage for real money. It was basically the stock market version of selling a Playstation 4 box with a brick inside. And at the end the powerless plebs end up holding the bag, and the criminal scammers get bailed out.
All main characters acted like autists and spergs. Goose one was obvious though
Watch Inside Job if you had trouble understanding it
>>67849975
If you ever become a criminal/decide to make a crime make sure it is too big of a crime to get you jailed.
This world is twisted tbqh familias
>>67849424
stfu, read you post back yourself, and realize that you have said not qualified a single fucking thing you said
>le hurr durr im smart with my rhetoric man
>>67850274
And you sound scared, scared that you might've been fooled by a pleb film.
>>67848995
>What is a "short". How can you "bet" against something in finance?
retard spotted
Basically a giant moneybomb was about to go off and the 4 protagonists knew how to get outta there. The american economy then took the bomb right to the face and it became known as the 2008 recession.
>>67850015
Ain't we all autists though?
>>67850309
>TFW you live in a country that almost entirely dodged the GFC
>>67850342
so a shithole
Why are people here so fucking insecure? Are you all teenagers?
>>67848995
It's called deravative. Most of the finance industry is just people betting (this will be worth this much by then, nuh-uh). The most tangible, non-abstract part of finance is stocks, where u buy a share and the board decides whether or not u get any profits as shareholder.
>>67848995
They were all shit right up to the top. Thats what the movie said.
Also all finance is betting. You bet against each other about the future. Its a casino, the banks are the house.
https://www.youtube.com/watch?v=5LLS9ZwRo3k
>>67849802
well, i was busy watching that bitch from Wolf of the Wallstreet, my natural autopilot turned on by itself and I just started nodding and saying :"yes ............sure..." every 2 minutes...
>>67850496
So, you are admitting you're retarded?
>>67850015
>>67850471
With Goose you never loose
>>67848995
This movie was terrible. So pretentious. It wanted to be revolutionary but had no originality just the same comfortable explanation for the crisis as everyone else has had previously
>>67849320
They're all whores. These are people who humiliate themselves for money.
Nobody has respect for this industry because it's so shameless.
>>67850589
You wanted explosions or something?
A couple of sex scenes for no reason?
>>67850652
No. I wanted a movie that wouldn't peddle the official line. It was a boring documentary designed to make try hards who don't actually know anything about finance feel good about themselves
No one understands in this thread clearly considering it's all just "OMG YOU DID NOT GET IT xD" or weak one line explanations.
To actually get it all you probably need to read up on the ideas in the movie cause it's a lot to follow and it's not explained in much depth
>>67850520
Well, m8, i also bought CDS from bank, so you tell me...
>>67849142
this. selena gomez explains it.
>>67850520
Heh, they're like ants...
>>67850015
If you have a good job then you're not autistic you're just eccentric
>>67850400
Insecure about what? I'll have you now i have a 10 inch dick, wear a leather jacket and fuck blondes on the go. I am in no way insecure lol.
>>67850763
The casino analogy was half way there.
They explained the housing bubble as people bettig against each other.
What they missed that went over peoples heads is that finance is the casino itself. Its ALL gambling
>>67849373
what did he do
>>67850692
What line would you want them to peddle?
>>67848995
Regardless if you understood the specifics
Accountants and professional bankers play games with your money and normal people are the ones that get fucked
>>67850015
Goose was the man and you know it. If I had half as much personality, my life would be 20X better
>>67848995
When you are short something, it means your investment will go up if the something goes down in value and vice versa.
When you short something, you borrow it from someone, sell it, then buy it back at a certain later time, so you make money if it goes down in price.
The people in the film were short mortgage bonds but they did not short mortgage bonds. They used a derivative. A derivative is a contract. They went to the investment bank and made a contract that required them to make monthly payments. If the mortgage bonds went down in value, their contract paid them money (i.e. like buyint home insurance). Who pays this money to them? I don't think it was the banks. I think it was AIG, a reinsurer (a company that sells insurance for insurance companies).
>What happens to groups of loans?
They give interest to the people who hold them. Just like how if I gave you a loan, you'd pay me back with interest (and I could sell our agreement contract to someone else, so they get your payments while I get some money now). The reason these loans are grouped together is because investment companies have shitloads of money and want to buy tonnes at once.
Bale was good in this
>>67848995
Indirect Swastika on cover! Dropped
>>67848995
Wait, Brad Pitt was in the movie? What the fuck. Who was he playing?
