The Big Short – Read this before you go

You haven’t seen The Big Short yet?  It doesn’t look interesting to you?  Well, if five Academy Award nominations and an all-star cast including Brad Pitt, Ryan Gosling, Steve Carell and Christian Bale don’t convince you to see it, there is nothing I can say to get you to go. However, if you do plan on seeing it, I suggest you do your homework first.  If you are already a financial person with a good understanding of what happened in the housing market crash of 2008, you can excuse yourself from this post.  However, if you are like the rest of us and don’t really understand, CDO’s, triple A ratings and the bond market, you may want to beef up before  you go.  My husband and I spend about 45 minutes before the movie trying to understand the factors that led to the crash and still had only a loose  understanding of it.  The screenwriters, Charles Randolph and Adam McKay, put great effort into trying to explain complicated financial concepts in a simple and straightforward way through a series of light-hearted cameos by Margot Robbie, Selena Gomez and Anthony Bourdain.  But my engineering mind that understands how F=ma still had trouble understanding the complicated economic concepts outlined in this movie.  In searching the internet, I found a nice little blog post from Mr. Matt Henderson from 2011 that does a much better job explaining the factors of the housing market crash than I ever will.  If you plan on seeing the movie (and I highly recommend that you do), I would suggest reading Mr. Henderson’s post before you go.

The Big Short — A brief summary of the 2008 financial collapse

 

 

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2 Comments Add yours

  1. Royce says:

    Very good advice. There is a typo in third sentence (to instead of so). 😊

    From Royce’s iPad

    >

    Like

  2. tracyfillip says:

    Thanks! Typo has been corrected!

    Like

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