Microbiologist-turned-homemaker, she is a foodie with a flair for cooking. An avid traveller and voracious reader, she also loves to paint and indulges in photography.
Published January 25th 2016
A True Story
Hailed by the American Film Institute as one of the top 10 movies of 2015, The Big Short is nothing short of the accolades it has earned. With a very handsome star cast (central characters quirkily morphed) and fantastic performances, the film, directed by Adam McKay, is a serious review of the world of money and mortgages and the impact it can have on the customers who trustingly engage in the offers without second thoughts.
It's 2005. The financial institutions have bloated to the level of bursting with their flawed schemes and yet, the would-be-victims fail to see the fatal blow coming their way. The drama revolves around a bunch of uber-smart individuals and their counterparts who see through the looming financial apocalypse. Through very calculated steps, a barefooted, geeky and music addicted, hedge fund manager Michael Burry (Christian Bale) having foreseen the US housing market collapse, engages in credit default swap with numerous banks. His actions come as a tip for Wall Street trader Jared Vennett (Ryan Gosling), who alerts another hedge fund manager Mark Baum (Steve Carell) with a proposal to mutually make profit from the situation. Together they start gathering insider information and are devastated upon learning about collateral debt obligations (CDOs).
In another place, investors, Charlie Geller (John Magaro) and Jamie Shipley (Finn Wittrock) serendipitously come across a paper by Vennett on the market condition. They immediately plan to partake in credit default swaps, roping in Ben Rickert (Brad Pitt) for help. American Securitization Forum in Las Vegas draws the players, where their fears are confirmed and final deals are made. The investor duo make every attempt to alert the media and their families, but to no avail.
The market ultimately collapses. Unfortunately, no indictments happen. But our protagonists make their own life-changing choices having understood one thing - their wisely made profits came at the cost of bankruptcy of the milling multitude.
Risky loans, fraudulent schemes, over confident finance giants, unsuspecting masses and biased ratings form the plot of this eye opener which is based on the New York Times Bestseller - "The Big Short" by Michael Lewis. Therefore, my dear fellow movie enthusiasts and those of you who have not yet read the book, watch this movie and be cautioned.
I saw this movie last night and came home rather tired. It's one that I really enjoyed. It takes a lot of energy. This stuff really did happen! Sure, there are elements of spoof-like fiction, but it is based on fact. Sometimes you need to exaggerate things to make a point.
Interestingly, much of the audience was in the 'more mature' age group.