During the Cold War, an American lawyer is recruited to defend an arrested Soviet spy in court, and then help the CIA facilitate an exchange of the spy for the Soviet captured American U2 spy plane pilot, Francis Gary Powers.
Harvard student Mark Zuckerberg creates the social networking site that would become known as Facebook, but is later sued by two brothers who claimed he stole their idea, and the co-founder who was later squeezed out of the business.
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 ... Written by
In "The Big Short," there are three types of mortgage bonds. Subprime mortgage bond (SMB) is the most basic of the three; it is only home loans. The next is Mortage-backed security (MBS), this is tranches of loans that is backed up and all the loans in it are given a triple A rating. This means if you short the bond, it has a very low risk of defaulting, you will get paid first, but not earn as much money. And the final one (known as MBS on steroids) is a bond called collateralised debt obligations (CDO), which are loads of loan-backed security (so not specifically home loans and mortgages). See more »
In the flashback of Burry playing football as a child, in the late 1980s, the officials wear black pants. That wasn't common until the mid-2000s. See more »
The rich get rich and the poor get evicted. Ain't we got Fun
Don't know how Adam McKay made deplorable humans, blinding fear, gut-boiling outrage and gleeful shaming so much fun to watch. He brought along his bag o' laffs but planted them in such rich soil so we had to hack our way through the thick underbrush of tainted greenbacks and marked decks.
Everyone's in top form. Didn't recognize Brad Pitt for awhile. Ryan Gosling funniest. Christian Bale let us feel his pain and lonely genius. Steve Carell dug deep and came up with a real mensch.
Nice to see Marisa Tomei, Hamish Linklater, John Magaro, Rafe Spall, Finn Wittrock, Max Greenfield and talented others working at a solid level.
I walked out of the Westwood Bruin Theater in awe and mad as hell.
208 of 268 people found this review helpful.
Was this review helpful to you?