9/26/2023 0 Comments The big short stripperThey foresaw that the housing market and the supporting subprime mortgages were going to crash, and they found a way, using credit default swaps, to bet that the housing market would crash, and they won.Īlong with them is a supporting cast of stupid, sleazy bankers and real estate brokers who sold subprime mortgages, created the fraudulent subprime mortgaged backed synthetic securities, and defrauded investors. The main characters are money managers Michael Burry (Christian Bale) and Mark Baum (Steve Carell), who foresaw the crisis and found ways to make over a billion dollars profit from it. ![]() ![]() The movie is a description of the financial crisis, based on Michael Lewis’s bestselling book “The Big Short: Inside the Doomsday Machine.” I saw the movie “The Big Short” yesterday (Christmas), and found myself becoming increasingly upset and infuriated as it went along.
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