So, The Big Short is about a twenty-three year spree where one idea from a man named Louis Tennant transformed banking - one of the most boring jobs in the world - to a job that landed you wealth and ability to stay for hours at your local bar. However...no billionaire really became a billionaire by being honest. Have you ever heard of mortgage bonds? This movie smartly expresses that the bank people made it sound hard and boring and told everyone to basically f off and let them do it. The banks began filling these bonds with riskier and riskier mortgages, which are actually sub-prime, which means the loans or deposits are from people with poor credit history. Our man, Michael Burry, played by a Christian Bale who looks nothing like I thought he looked after watching the atrocious American Hustle looked at these rates and noticed that several people more and more are paying their bills late, but the connection is the housing bonds only don't work if millions of Americans don't pay their bills which has never happened before. If Burry wants the help he wants, he'll need someone who can accept a punch in the face. The solution? A credits default swap, to pay insurance on these bonds when they fail, cause what happens when a bond gets risky? All the crappy bonds get thrown together. Melissa Leo's excuse for always making the rating Triple A? If they don't, they'll go to their competitors instead.
So what did I think of the way the movie presents this issue? Well, in case you didn't already know, this is a movie based off of the events that lead to the 2008 financial crisis where 6 million people lost their homes and 8 million people lost their jobs, and I first heard of this issue when I saw how some people were concerned when the Confessions of a Shopaholic movie came out because it was at the time of this crisis. There are pictures of tents and outside furniture that I think are real and give people hints of how this affected the economy, and a few hints of it, but essentially, it's like a giant meeting that's in desperate need of a coffee break. The movie spends so much time giving out information that it forgets to be human and show what all these big numbers mean and what they meant for the actual economy, even though it seems that's what the movie tries to do throughout the whole running time. I felt like I was watching a university accounting class and not a real movie. For instance, Michael Burry's character keeps needing to change the scion value number in his minature banking industry more and more but I kind of didn't understand what that actually meant. That's when I realized: I'm 17. I hardly know the difference between chequing and savings; I might as well be the man on the line the characters talk about who didn't even know what a COD was: something that's expressed by the end of the film as bad and one of the main reason for losses. So I have a faint suspicion that if I rewatch this film in five or ten year's time, I'll love this film. But as I said, the reason I'm giving this movie a negative grade is not because it's complicated.
In fact, there's a lot to admire here. During a banking scene where two garage entrepreneurs end up feeling foolish for not having an ADSM or whatever it was, they find a...revealing, article and one points out that he didn't in real life actually find this here. That was unique. And there are actually some funny moments, especially with Steve Carrell at the helm as Mark Baum, and his terrible (to the people around him but not to us, really) temper. However, the movie's attempt to give off an actual relation to the audience is about as powerful as Christian Bale's character when he gives a lazy "Um..." And I really hope those "Um's" were intentional...You see, what I was expecting was a story about the people who had to leave their homes, not the people trying to argue over a solution. What kind of doesn't help is how we already know it happened, but for those of us who don't, we're informed of it in the very beginning. i'm all for a professional argument too, but if it goes on for too long, even if there's some humour in it, the atmosphere simply calls for something different. Another thing I wish the movie did more of was emphasize on the scene when Burry closes an account, sends an email, and all of a sudden he's getting numerous calls he ignores. That and, the last few paragraphs that every biography movie has gives more information that I picked up on than the entire movie. Ouch!