'The Big Short: Inside The Doomsday Machine'
It was a challenge for me to understand and follow the flow of events in the film “The Big Short”, but it kept me interested throughout the whole 130 minutes. The movie is based on the economic crisis of the 2007-2008 that was caused by an unstable housing market of the USA. It is adopted from the book “The Big Short: Inside the Doomsday Machine” by Michael Lewis, which was published in 2010.
The movie starts with a Dr. Michael Burry, who decodes the housing market in the USA to find out that there is a bubble in the market and anticipates the market to crash in the second quarter of 2007. Not only that, he also foresees a way to gain profit form this event by shorting housing bonds and buys credit default swaps from several banks. While Burry …show more content…
In addition to that, it also brings in light how the general American population were adversely affected by this, yet the corporations took no liability and were not punished in any way. Instead, immigrants and poor were accused for the disaster. It shows how the greed and deception of the wealthy population broke the economy causing middle and lower class to suffer and how easily they got away with it. This film relates to issues like the adversaries of capitalism and nativism. It resembles the 1920s The Great Depression in many ways; assets bought on credit was actually liabilities to the owners and the crash of the market resulted in millions of people losing their jobs, homes, pensions, and social security. In both the cases, banks conducting risky investments was the cause of the calamity.
O. A Scott in his review of the film in the New York Times, talks about the film in a positive tone. He praises director McKay for his success in portraying the characters with humor and moral at the same time. In conclusion he says, ““The Big Short,” in many ways a startlingly ambitious film, is modest about what it can do. It offers no solutions, and no comfort. The best it can do is put down a marker.”(New York Times, 2015). I completely agree with his opinion as for me that is the best way
The movie starts with a Dr. Michael Burry, who decodes the housing market in the USA to find out that there is a bubble in the market and anticipates the market to crash in the second quarter of 2007. Not only that, he also foresees a way to gain profit form this event by shorting housing bonds and buys credit default swaps from several banks. While Burry …show more content…
In addition to that, it also brings in light how the general American population were adversely affected by this, yet the corporations took no liability and were not punished in any way. Instead, immigrants and poor were accused for the disaster. It shows how the greed and deception of the wealthy population broke the economy causing middle and lower class to suffer and how easily they got away with it. This film relates to issues like the adversaries of capitalism and nativism. It resembles the 1920s The Great Depression in many ways; assets bought on credit was actually liabilities to the owners and the crash of the market resulted in millions of people losing their jobs, homes, pensions, and social security. In both the cases, banks conducting risky investments was the cause of the calamity.
O. A Scott in his review of the film in the New York Times, talks about the film in a positive tone. He praises director McKay for his success in portraying the characters with humor and moral at the same time. In conclusion he says, ““The Big Short,” in many ways a startlingly ambitious film, is modest about what it can do. It offers no solutions, and no comfort. The best it can do is put down a marker.”(New York Times, 2015). I completely agree with his opinion as for me that is the best way