Why Everyone Should See "The Big Short"

Photo of capital courtesy of morguefile.com
Laguna Woods, California
December 28, 2015 11:09pm CST
No matter where you live in the world, did you or someone you know lose a job, business or home between 2007 and 2010? If so, you will want to watch "The Big Short." It explains in terms anyone can understand the causes behind the Great Recession. While you may think you know what happened, you will still be shocked by all the greed and fraud behind it. The movie even uses people like Selena Gomez at a Blackjack table in Las Vegas to explain in ordinary terms what happened. My husband is a stock analyst who read the book, "The Big Short." On the way to the theater, he wondered aloud how that book could be made into a movie. When we left, he said he was impressed by what a good job they did in explaining everything that happened.
16 people like this
16 responses
• United States
29 Dec 15
Yes, I too saw the movie and think everyone should see it. It is a huge warning. If we don't learn from the past... This film exposes greed and corruption, but it also shows rampant stupidity. There are many things that were and are still legal that are both stupid and unethical.
4 people like this
• Laguna Woods, California
31 Dec 15
A lot of it happened because they dismantled the Glass-Steagle Act and it allowed all of this to happen. The Glass-Steagle Act needs to be reinstated ... and a lot of other regulations, too.
1 person likes this
• United States
31 Dec 15
@DeborahDiane I agree completely with your last comment. We need all the anti-trust laws back. It is in no one's best interest for all of these companies to keep devouring each other. Competition is good. Greed is bad.
1 person likes this
• Laguna Woods, California
1 Jan 16
@ElizabethWallace - Well said! Competition is good. Greed is bad!
1 person likes this
30 Dec 15
i've heard that is pretty good movie. we were taken advantage of when we bought our home in 2006. it was sort of crazy. we got lucky and refinanced, but we should have never bought our home when we did. it was the absolute worst time. making due now!
4 people like this
• Laguna Woods, California
31 Dec 15
I'm sorry you got burned in the housing disaster, too! I know a lot of people who did. It was very sad. The movie is well worth seeing.
@LadyDuck (171600)
• Switzerland
29 Dec 15
I have read the book "The Big Short", also my husband was a stock analyst.
3 people like this
• Laguna Woods, California
31 Dec 15
Then you and your husband know exactly what happened!
1 person likes this
@LadyDuck (171600)
• Switzerland
31 Dec 15
@DeborahDiane Yes, it's pretty scary because there are all the conditions because this can happen again.
1 person likes this
• Laguna Woods, California
1 Jan 16
@LadyDuck - Yes, it is shocking that so little has changed. Congress failed to fix any of the laws that allowed this to happen, so it absolutely could happen again!
1 person likes this
@Platespinner (17047)
• Winston Salem, North Carolina
29 Dec 15
Sounds like an interesting book and movie...I will add it to my list!!
3 people like this
• Laguna Woods, California
31 Dec 15
Yes, I hope you do read the book and see the movie. They are well worth it.
@TRBRocks420 (81237)
• Banks, Oregon
29 Dec 15
I will have too watch that, sounds interesting.
3 people like this
• Laguna Woods, California
31 Dec 15
Yes, it really is an interesting movie. I hope a lot of people see it, because I would never want this to happen again.
@paigea (22452)
• Canada
29 Dec 15
Luckily I don't know any one who lost a job or their home in that time period. Most people I know lost value in their mutual fund type investments. But now people in Alberta are losing their jobs. This is an oil province.
3 people like this
• Laguna Woods, California
31 Dec 15
Yes, the world economies are still struggling. Many countries and people never recovered from what happened.
1 person likes this
@BelleStarr (39631)
• United States
30 Dec 15
I don't have anyone who lost a job, business or home but I still think it sounds interesting.
2 people like this
• Laguna Woods, California
31 Dec 15
You were very lucky if no one you know was hurt during the Great Recession. Millions of people lost their homes and others suffered in other ways.
1 person likes this
@BelleStarr (39631)
• United States
31 Dec 15
@DeborahDiane I think we were not part of the that because we bought our house in 1973 and never moved. Most of our friends are similar and I always put my investments in guaranteed funds so I can't lose. I am not a gambler with our future. I retired in 2010 hubs in 2013. I never lived beyond our means and since we had our kids when we were young so college was paid for long ago.
1 person likes this
• Laguna Woods, California
1 Jan 16
@BelleStarr - People who bought homes a long time ago and never moved were protected from that disaster. Of course, sometimes people have to move for jobs or other reasons, and many of those people got badly hurt. People who had invested their savings in the stock market got hurt, too.
1 person likes this
@birjudanak (7293)
• India
31 Dec 15
its look good and somethings look very interesting while we watch it instead of reading and we also remember for long time as we show it,so its good for you that you watched it..
2 people like this
• Laguna Woods, California
31 Dec 15
Yes, seeing the movie was very interesting.
1 person likes this
• India
31 Dec 15
@DeborahDiane sometimes we also learn from movie so its good..
1 person likes this
• Laguna Woods, California
2 Jan 16
@birjudanak - Yes, sometimes we can learn from a movie.
1 person likes this
@JudyEv (130708)
• Bunbury, Australia
29 Dec 15
I haven't heard of the film. No doubt, it will get here in time - if it isn't here already.
2 people like this
• Laguna Woods, California
31 Dec 15
I'm sure it will get around the world, but what happened in the U.S. during that period of time affected people in other countries, too.
1 person likes this
@JudyEv (130708)
• Bunbury, Australia
3 Jan 16
@DeborahDiane World affairs are having a bigger impact on other countries than they ever did.
1 person likes this
• Laguna Woods, California
4 Jan 16
@JudyEv - You are so right. Economics are not local anymore. They affect everyone in the world.
1 person likes this
@Tampa_girl7 (25840)
• United States
31 Dec 15
I haven't heard of this movie. I feel so sad for those that lost jobs and homes.
2 people like this
• Laguna Woods, California
31 Dec 15
Yes, the economy hurt a lot of people, and a lot of hit happened because of greed on the part of bankers.
@hiru84 (956)
• Malaysia
1 Jan 16
I don't know about that book or movie, but I think they are very nice. It is a very difficult thing that stay in house without a job.
1 person likes this
• Laguna Woods, California
1 Jan 16
It is an important movie, because we never want this to happen again!
1 person likes this
@hiru84 (956)
• Malaysia
1 Jan 16
@DeborahDiane I'll try to watch it.
1 person likes this
• Laguna Woods, California
2 Jan 16
@hiru84 - Great!
1 person likes this
@simone10 (21647)
• Louisville, Kentucky
31 Dec 15
I've heard other people talking about it also and it has peaked my curiosity. We don't go to movies but I will definitely rent it when it is available.
1 person likes this
• Laguna Woods, California
1 Jan 16
I don't think this movie will be in the theaters long, so I hope a lot of people rent it. It is an important movie.
1 person likes this
@simone10 (21647)
• Louisville, Kentucky
5 Jan 16
@DeborahDiane We will definitely rent it.
1 person likes this
• Laguna Woods, California
6 Jan 16
@simone10 Yes, "The Big Short" is definitely a movie that would be just as good on television.
1 person likes this
@just4him (124457)
• Green Bay, Wisconsin
31 Dec 15
Sounds interesting. I haven't seen any commercials for the movie.
1 person likes this
• Laguna Woods, California
1 Jan 16
There have been very few commercials for it. However, it is well worth watching. We don't ever want it to happen again ... and it could!
1 person likes this
@just4him (124457)
• Green Bay, Wisconsin
1 Jan 16
@DeborahDiane I saw it's playing here.
1 person likes this
• Laguna Woods, California
2 Jan 16
@just4him - It's a great way to understand what happened to cause the 2007 recession ... in terms anyone can understand.
1 person likes this
• Preston, England
2 Jan 16
many companies fleece their staff now - since the fall of communism, capitalists have no one to stop them so greed rules everything
1 person likes this
• Laguna Woods, California
6 Jan 16
Sadly, greed does seem to rule the lives of many people!
1 person likes this
@jstory07 (69315)
• Roseburg, Oregon
31 Dec 15
Sounds like a really good moie. I(n 2008 our business at the flea market went from really good to really bad. So we quit selling out there.
1 person likes this
• Laguna Woods, California
31 Dec 15
Yes, a lot of businesses went from really good to really bad during that period of time. This movie is bringing back a lot of bad memories for many people.
@Dalane (700)
• United States
30 Dec 15
I just saw the movie and also posted about it. This is a movie everyone should see. The system that everyone trusts has gone terribly wrong due to greed and easing of regulation. Sadly, the big banks got away with the crime of the century. I do not think the Recession is over, even thought he media will have us believing otherwise.
• Laguna Woods, California
31 Dec 15
You are so right! I am glad that other people are posting about it, too. I would like to see as many people as possible go to see this movie.
1 person likes this