The Big Short Review

A couple of weeks ago when a couple members of the class went to watch The Big Short, I kept thinking of what I wanted to write on. I'm still not 100% positive on what I'll be writing on, but I know that I've been wanting to write a review of the movie for a long time now. The movie was actually a lot better than I originally thought it would be. It had a lot of humor and a lot of drama combined into one, which makes the movie twenty million times better.

From time to time it would be very difficult to understand exactly what the movie was talking about because it would use terms that I am not familiar with. But the directors tried to break it down by having random celebrities describe what exactly the terms mean. I mean...they tried to but it didn't really work. How is it that even with Selena Gomez and Margot Robbie (the woman in the bubble bath) trying to explain it that it was still difficult to understand?

Overall, what I got from the movie was that the financial crisis happened because certain individuals, mostly with banks, got greedy and thought it would be nice to screw everyone else over. The people that sold the bad loans to people were just as guilty as the people that decided to bet against the housing bubble. All members involved should be just as guilty as everyone else because of the greed involved. The individuals that sold the mortgage loans knew that the people they sold to would not be able to pay them back...especially as they were selling them to people that couldn't afford one house, let alone multiple. They didn't care about the people they were selling to, they just cared about themselves. The individuals betting against the bubble saw the weakness in the bubble and decided to exploit this weakness for themselves, no matter who they screwed over.

In the end, the economy collapsed because of all of the individuals involved in this scheme. Even though the government knew what happened and who played what role in the collapse, these individuals were not arrested and prosecuted. Instead, the government decided to bail the banks out because of the close ties with the politicians involved. Had the government not decided to bail the banks out and had they forced these individuals to pay back all of the money themselves, then we would not have had as bad of a crisis as we originally did.

Shame on the US Government and the big banks that were involved in this crisis!!!!!