In the final moments of The Big Short, the intelligent and stylized argument that filmmaker Adam McKay slowly builds from the opening frame — an argument that effectively unmasks, not simply the unethical, but the institutionalized criminality that exists at the epicenter of global financial markets — is completely lost. 1,049 more words
Tags » Mortgage Crisis
Much of what occurs on Wall Street and within the global financial world is Enemy #1 of local economic development. Don’t believe me? See the movie The Big Short. 262 more words
Fannie Mae and Freddie Mac own or guarantee nearly half the $12 trillion U.S. mortgage market. Not long ago, they were the darlings of Wall Street, ranking next to U.S. 2,560 more words
I don’t like a lot of movies a lot, but I’d say I love “The Big Short” were I not prone to understatement.
In case you don’t know, it is about the collapse of the housing market in 2008 and under most circumstances it would never have become a movie. 366 more words
While promoting his new book, former Federal Reserve Chairman Ben Bernanke told USA Today that he believes the federal government should have prosecuted more bankers responsible for the financial crisis of 2008. 817 more words