Wow, this has been a really special experience. In an endless sea of reactors all watching the same movies, you choose an amazing film that pretty much no one has reacted to! Not only that, but Freddy actually has serious knowledge about banking which brings a great new layer to the reaction of a movie that I love. On the one hand, I find The Big Short entertaining, but mostly I rewatch it to keep reminding myself what kind of a system I’m dealing with-sheesh! Thanks so much for this, guys I really enjoyed it!
@@domorethings2115 She's right. All of the popular RUclips movie reactors are literally reacting to the same films. But, I get it. For some, yes, they're too afraid to react to the more obscure films because they won't get 40,000 or more views. I've seen it. They take the risk, and it doesn't payoff. Unless, you have a big channel and you're so popular that you get 50k views regardless of the obscure movie. But, mainly it's because they're trying to grow their channels. And you can't go wrong with The Lord of The Rings trilogy, Star Wars, the MCU, some DC films, Saving Private Ryan, Schindler's List, the Jurassic Park franchise, very recently the Scary Movie franchise, etc. It is what it is. Me personally, I just want a reaction to Munich (2005).
@@domorethings2115 You guys should really react to "Too Big To Fail". I found that to be the most accurate representation of exactly what happened during the financial crisis from my experience on working on Wall Street during the time. Obviously, Hollywood puts their own commentary in there which isn't accurate, but it's pretty little and the rest of the movie is pretty accurate. It was taken from the book of the same name written by Andrew Ross Sorkin who is one of the three hosts of CNBC from 6 AM.
I watched it but I felt The Big Short explained it better and it went more places and covered more time than Margin Call did. It's still a good movie but I'd put The Big Short over it.
8:36 yea my parents didn't get it either they were just so happy to be first time home buyers that could have their kids in their own separate rooms instead of sharing 1. then the mortgage went from 1500 a month to about 3600 a month and that just wasnt possible. they where both working full time plus overtime with me taking care of my two siblings alot. cooking and cleaning and babysitting just to make the 1500 payment on top of other bills and expenses. it was so gut wrenching getting kicked out. the house sat empty for almost 8 years after too.
Thanks. It is great to see someone who actually understands the events depicted in this film. It is also astounding that Adam McKay, who directed this film and “Vice,” also made Will Ferrell comedies!
I'm totally surprised to see a reaction video to this. It's one of my favorite movies to rewatch as I pick up more and comprehend it better. It's a wildly entertaining way to explain the crisis. Can't believe it's by the same guy that did Anchorman. Superb acting and a film that everyone should watch and then maybe we would have some actual finance reform. Valuing money making money over earned income is one of the things I wish people would wake up to.
The rating agencies had their incentive for sure. Also, when you add multiple events then their probability of happening the new event is lower. One mortgage can go down with say a probability of 50% If we add one more to the pile then the probability of the pile going bust is reduced as the probabilities get multiplied. Mortage A must fail *AND* mortgage B must fail. if we add 100 such mortgages then the probability of failing all of these is considerably low and hence the rating shoots up. The catch is this formula applies only if the underlying events are unrelated - like one coin toss from another. Diff mortgages coming from diff locations and diff households are unrelated but only up to certain point. They all have the underlying economy as the common theme. So, there is a small chance that ALL of these will fail. By increasing their volumes to astronomical proportions the bankers were knocking/ hammering on that door. It finally happened. i am from India and non-finance background. This is my understanding. Would love to hear comments on my understanding. Liked the reaction. Thanks, Regards,
I upvoted first time I watched, but I gotta back it up. I've watched this at least 5 times. I effing love this. I like Freddy knowing what it means and reacting. You should do the other 2008 financial crash movies - "Inside Job", and "Margin Call". If there are others, please tell me, I love these movies. For some weird reason Freddy's stoic-faced reactions while he's talking truth is really compelling to me. I mean, he emotes, but somehow not seeing much emotion and then seeing like 30% what an actor might do makes it seem even more impactful. Weird! Don't start a Hedge Fund without me, bro! ;)
I like reactions to The Big Short. There were lots of people who knew about the real estate bubble back in 2007, most of whom, unfortunately for them, were only trying to call attention to artifically high housing prices rather than figuring out a way to bet that prices would collapse. Anyways, my main point is that this movie, in its effort to show us how Wall St. works (or malfunctions) unintentionlly confuses us by conflating Wall. St -created securites, which are merely pieces of paper, with houses. That is how Wall St. rolls. It doesn't sell stuff that actually exists in the real world. It uses a laser printer to kechunk out endless pieces of paper that act as surrogates for real world assets, then tries to find buyers for the pieces of paper, earning commissions on each sale. One big advantage to that business plan is that once your've created and sold some pieces of paper, once every asset on the planet has a paper surrogate, you can stay in business by kerchunking out more pieces of paper which are bets as to whether the surrogate pieces of paper will go up or down in price by some future deadline date. But I digress. The precipitous drop in the prices of MBS and securities derived thereon had nothing to do with the collapse of housing prices or the many mortgage defaults. They involved loss of value in the papar surrogates. Maybe very indirectly if a big mortgage lender also invested heavily in the surrogate paper in highly leveraged fashion and went bankrupt and could no longer write mortgage loans. Maybe indirectly when Wall St. stopped slapping together and selling MBS, causing the front line mortgage offices to lose their only customer and actually have to face holding NINJA mortgages to a maturity that will never come. If housing prices rose to an apex only because of the availabilty of easy money, that's a credit bubble bound to eventually burst, whereupon housing prices will return to actual values much closer to the cost of building a home, but is that a bad thing? Should anybody involved in bursting that bubble feel guilty about it or be blamed for "crashing the housing market and the national ecoonomy? I say, resoundingly, "NO". The many mortgage defaults, I'm sorry to say, were caused by dummies who signed mortgages they had no chance to ever repay, aided by real estate agents who didn't give a shit about the inevitability of default because they were being paid a nice commission on every sale. I love The Big Short, but I am constantly annoyed at the "we bet against the American housing market" aspect of it. No, they bet against the paper version of that market, and made paper profits and caused paper losses. Wall St. is funny that way. They believe the paper surrogates are the underlying asset. No, they are not.
Great reaction and I loved how Freddy understood what he was watching. I’m assuming you’ve already seen Boiler Room and Wall Street but have you seen Rogue Trader and Margin Call yet? Great movies if you’re really into finance. I’m also going to check out Inside Job because of your recommendation
I love the character interactions between Steve Carrolls character and his hard ass that works for him. They are really at each other throughtout but at the end when hes begging him to sell he has compassion for Steve's character. He knows its not just money to him but a matter of principle and he pays respect to that.
In the book, the investors all had an enormous amount of stress that led to physical symptoms from betting against the economy. Having the foreknowledge that the system was doomed was just too much to proces, especially as it all began to fall apart precisely as they had predicted.
You're absolutely right about adjustable rate mortgages ARMs. I never put clients in them unless they had really bad credit and always set them up for a refi a year or two later 6 mos before the rate was set to adjust. Never sold a ninja, stated or any of those other crazy loans even once. Always fixed. Made plenty of money doing the right thing by my clients. Never leave a client out to dry. Never.
Michael was the head of a private hedge fund and the investment agreement his clients signed did give him the power to restrict withdrawals and sole say in investment strategy. Michael's fund made about 489% profits, or 2.9 billion Marks' fund made about a billion, and the two kids with Brownhole made 84 million in profits. Even the guy who got Mark involved with the wrong number phone call, made 47 million in commissions and bonus. While this movie isn't a documentary, it is very factual. The characters were real though some names were changed for legal reasons. Some things were embellished, after all, it is a movie and has to be interesting.
"you can't just tell people that you can't get their money" YES you can when the ORIGINAL INVESTOR CONTRACTS DICTATES THAT, which he SAYS OUT LOUD while he is writing the mass email.
Fun fact, many fund managers actually have full autonomy with investor funds. Or there could be massive penalties of as much as 50% for pulling your money out early from a fund. A lot of funds have very strict rules. And investors can make a large sum of money but most fund managers have stringent rules put in place to either heavily discourage investors or lock out investors from their money. Its because fund managers have a fiduciary responsibility to the fund, not the investor.
Micheal Burry did have the right to limit investors withdrawls. As the head of a fund you almost have full autonomy of the money in the fund. You can pretty much do whatever you want, even though it will make the investors mad
I got into this industry in 2013. I work at an independent firm in Detroit. Still see shady things every day that the "big guys" sell to people. They are ruthless liars.
The banks sold a lot of swaps and owed a lot of money to a lot of people. So it was either sell it for less than face value while still making a profit, or risk the bank not being able to pay you anything.
They didn't cover how during the 90s they started fining banks who weren't including subprime loans in their bonds. So Mark's "they knew" doesnt quite capture it. The US government encouraged it.
That requires more context. Since the banks were handing out mortgages to almost everyone, it made it even more egregious than normal that they still weren’t lending money to minorities. The government was fining the inequity of their practices. Banks could have trimmed back their loan volume to make it equitable but they of course decided to hand out more loans instead.
Wow! You guys are the only ones that have reacted to this great film. Cool! Great reaction! Please react to Munich (2005). It's a great Spielberg gem. 💎
After I saw this film with my parents a month after I got it on BLU Ray, he said, "There's gonna be another housing market crash and we're all screwed because those idiots on Wall Street have been ripping us off for far too long, they got too greedy."
If, at any time, you say "a financial crash is coming", you will be right. Crashes aren't unfortunate disasters - they're an essential part of a system that cares only about production for profit.
This is true, but the huge nature of the bust, is because its encouraged by government intervention in the market, giving people a false sense of security. There will be booms and busts, but that should be up to investors, and the government should bug out. They are just trying to put out the fires with gasoline.
Christian Bale met the guy he is playing. Christian Bale says he has an agreement and carte blanche to do what he thinks is best because they know he is good at it.
I saw inside job too as my first foray into stocks etc. then after I saw this. The big short it made me even more mad but loved how they portrayed it. Amazing.
If you haven't, you should watch Margin Call. Great stuff there too. And the acting... stellar! Addendum: They all made money. To varying degrees. Mark Baum made money, but off his parent's company "too". Hence the less stellar celebration. Also, he didn't do it for the money. In the movie.
I tell people to watch Inside job, Bigshort and Margin call in that order. That gives about the full picture of what happened on 3 different level. Also, Jeremy Irons as a top level bank boss is crazy good!
Hey! Great reaction video! The movie is based on a book of the same name by Michael Lewis, and goes much more in depth on a technical level. Totally reccomend.
The banks paid back the bailout money. The US government actually made $109 billion from the interest. Although they probably lost way more in tax revenue during the collapse and recession.
But, those same reckless banks are still in business, fessing up the next bubble, the next huge disaster. If they'd been allowed to go bankrupt, then the banks at the top now, would be the ones that didn't jump on the bandwagon, and remained fiscally prudent. What the government has done, is reward reckless risk taking behaviour, with the general public as a backstop. Not a good move.
There is an interview with the author of the book, the director of the movie, Ryan Gosling, Christian Bale and Steve Carrel. The interviewer at the end asks if being in the movie made them want to invest or increase their investments and almost in unison they all said, "NO". ruclips.net/video/98ZhPHz_XCM/видео.html
In reality Jared Vennet's role in the whole Subprime story is WAY WAY WAY less "honorable". He was one of the architects of the crisis, BEFORE everything blew up. It's worth to read something about the guy. I don't know why they changed his role in this story. Probably they needed one "charachter" to link Banking System and short sellers...
I tried watching a different reaction by you guys, I couldn't get into it, can't remember what it was. I wasn't salty or anything, nor did I leave a nasty comment, just moved on and avoided. Fast forward to now, I'm looking for some one reacting to this movie and see you guys. I think, ah hell I'll give em a shot. I'm just halfway through this reaction and I'm really enjoying your commentary. You may not be experts on the subject, but you know alot of little things. So thanks for doing reactions guys, and thanks for reacting to something no one else does.
Freddy, don't go back to working for the man. If you have a little money, open up your own trading account. Do like Brownhole, they weren't buying and selling stocks, they were trading options.
Glad your reacting to this film its amazing but must reactioners don't have the guts to react cause it covers investment banking , which can be complex for the average person.
would you bet against the housing market in a few decades? if there is another collapse coming more people will be aware of it so i wonder how a collapse would be altered due to the experience of the last one. I dont get all this lmao
Great pick, guys. Loved the extra layer of your experience that you brought to the table. What really guts me is that you could live your life staying away from sh** and be smart with your money and not extending yourself with your credit, like the guy who just wants to live his life looking after his family and paying his rent on time, and you think nothing can happen to me as well... then you see that if his landlord f***s up, he in turn gets f***ed and is out on the street. That killed me. From a construction point of view and squeezing broccoli into twinkies, this movie is pretty phenomenal. The director, Adam McKay, did a similar treatment with Vice, the flick about Dick Cheney.
You can tell the guy on the left had seen this movie before and wanted to be the one to walk someone through it and was a bit disappointed the entire time that the dude on the right already had a sort of preliminary understanding of almost everything in the film and even touched on some things the film didn't cover lol
I got sick of listening to the know-it-all on the right constantly talking and thinking he was explaining it to the dumb friend on the left who didn't say anything all movie.
Just wanted to say thanks for taking on a movie that actually requires a little thought and deserves much more recognition. Well done.
They need to show this to kids in the 1st Grade.
@@frankwolftown We can't even get most adults to understand this movie. Showing to kids seems pointless.
Wow, this has been a really special experience. In an endless sea of reactors all watching the same movies, you choose an amazing film that pretty much no one has reacted to! Not only that, but Freddy actually has serious knowledge about banking which brings a great new layer to the reaction of a movie that I love.
On the one hand, I find The Big Short entertaining, but mostly I rewatch it to keep reminding myself what kind of a system I’m dealing with-sheesh!
Thanks so much for this, guys I really enjoyed it!
wow glad we could bring this reaction out of you and leaving this comment, we both appreciate it. -A/F
You're right.
@@domorethings2115 She's right. All of the popular RUclips movie reactors are literally reacting to the same films. But, I get it. For some, yes, they're too afraid to react to the more obscure films because they won't get 40,000 or more views. I've seen it. They take the risk, and it doesn't payoff. Unless, you have a big channel and you're so popular that you get 50k views regardless of the obscure movie. But, mainly it's because they're trying to grow their channels. And you can't go wrong with The Lord of The Rings trilogy, Star Wars, the MCU, some DC films, Saving Private Ryan, Schindler's List, the Jurassic Park franchise, very recently the Scary Movie franchise, etc. It is what it is. Me personally, I just want a reaction to Munich (2005).
@@domorethings2115 You guys should really react to "Too Big To Fail". I found that to be the most accurate representation of exactly what happened during the financial crisis from my experience on working on Wall Street during the time. Obviously, Hollywood puts their own commentary in there which isn't accurate, but it's pretty little and the rest of the movie is pretty accurate. It was taken from the book of the same name written by Andrew Ross Sorkin who is one of the three hosts of CNBC from 6 AM.
@@JamesASharp I feel exactly the same way
This movie gave me such a headache the first time I watched it because I couldn’t comprehend how people allowed this to happen.
It's the world we live in.
Greed.
They allowed it to happen because countless people along the way wanted their cut, and didn't care who got hurt.
Money
Hell yes, been wanting some reactions to this movie. It’s a freaking ride, and I feel it’s woefully underappreciated outside the finance world.
Happy you found this video ! thanks for leaving a comment !
Is it just me or is the right guy looking a lot like Ted Mosby 😂 ! Jokes aside I enjoyed it a lot hope you guys get more publicity !
If you haven't see it, watch "Margin Call" - really good movie!
I second this recommendation MARGIN CALL (2011) is the PERFECT pairing with THE BIG SHORT. :D
I watched it but I felt The Big Short explained it better and it went more places and covered more time than Margin Call did. It's still a good movie but I'd put The Big Short over it.
I watched Margin Call right after the Big Short and I thought it was incredibly boring in comparison.
YES
100 great film with a solid cast, probably my favourite "underrated movie"
8:36 yea my parents didn't get it either they were just so happy to be first time home buyers that could have their kids in their own separate rooms instead of sharing 1. then the mortgage went from 1500 a month to about 3600 a month and that just wasnt possible. they where both working full time plus overtime with me taking care of my two siblings alot. cooking and cleaning and babysitting just to make the 1500 payment on top of other bills and expenses. it was so gut wrenching getting kicked out. the house sat empty for almost 8 years after too.
Thanks. It is great to see someone who actually understands the events depicted in this film. It is also astounding that Adam McKay, who directed this film and “Vice,” also made Will Ferrell comedies!
Ted Mosby really knows his stuff! Lol
But good reaction. Enjoyed the commentary. Good stuff bois
That's all I could think every time I look at that guy. Hey Ted! LOL
I'm totally surprised to see a reaction video to this. It's one of my favorite movies to rewatch as I pick up more and comprehend it better. It's a wildly entertaining way to explain the crisis. Can't believe it's by the same guy that did Anchorman. Superb acting and a film that everyone should watch and then maybe we would have some actual finance reform. Valuing money making money over earned income is one of the things I wish people would wake up to.
so glad y'all are reacting to this underrated masterpiece
The rating agencies had their incentive for sure. Also, when you add multiple events then their probability of happening the new event is lower. One mortgage can go down with say a probability of 50% If we add one more to the pile then the probability of the pile going bust is reduced as the probabilities get multiplied. Mortage A must fail *AND* mortgage B must fail. if we add 100 such mortgages then the probability of failing all of these is considerably low and hence the rating shoots up. The catch is this formula applies only if the underlying events are unrelated - like one coin toss from another. Diff mortgages coming from diff locations and diff households are unrelated but only up to certain point. They all have the underlying economy as the common theme. So, there is a small chance that ALL of these will fail. By increasing their volumes to astronomical proportions the bankers were knocking/ hammering on that door. It finally happened. i am from India and non-finance background. This is my understanding. Would love to hear comments on my understanding. Liked the reaction. Thanks, Regards,
I upvoted first time I watched, but I gotta back it up. I've watched this at least 5 times. I effing love this. I like Freddy knowing what it means and reacting. You should do the other 2008 financial crash movies - "Inside Job", and "Margin Call". If there are others, please tell me, I love these movies.
For some weird reason Freddy's stoic-faced reactions while he's talking truth is really compelling to me. I mean, he emotes, but somehow not seeing much emotion and then seeing like 30% what an actor might do makes it seem even more impactful. Weird! Don't start a Hedge Fund without me, bro! ;)
I like reactions to The Big Short. There were lots of people who knew about the real estate bubble back in 2007, most of whom, unfortunately for them, were only trying to call attention to artifically high housing prices rather than figuring out a way to bet that prices would collapse.
Anyways, my main point is that this movie, in its effort to show us how Wall St. works (or malfunctions) unintentionlly confuses us by conflating Wall. St -created securites, which are merely pieces of paper, with houses. That is how Wall St. rolls. It doesn't sell stuff that actually exists in the real world. It uses a laser printer to kechunk out endless pieces of paper that act as surrogates for real world assets, then tries to find buyers for the pieces of paper, earning commissions on each sale. One big advantage to that business plan is that once your've created and sold some pieces of paper, once every asset on the planet has a paper surrogate, you can stay in business by kerchunking out more pieces of paper which are bets as to whether the surrogate pieces of paper will go up or down in price by some future deadline date. But I digress.
The precipitous drop in the prices of MBS and securities derived thereon had nothing to do with the collapse of housing prices or the many mortgage defaults. They involved loss of value in the papar surrogates. Maybe very indirectly if a big mortgage lender also invested heavily in the surrogate paper in highly leveraged fashion and went bankrupt and could no longer write mortgage loans. Maybe indirectly when Wall St. stopped slapping together and selling MBS, causing the front line mortgage offices to lose their only customer and actually have to face holding NINJA mortgages to a maturity that will never come. If housing prices rose to an apex only because of the availabilty of easy money, that's a credit bubble bound to eventually burst, whereupon housing prices will return to actual values much closer to the cost of building a home, but is that a bad thing? Should anybody involved in bursting that bubble feel guilty about it or be blamed for "crashing the housing market and the national ecoonomy? I say, resoundingly, "NO". The many mortgage defaults, I'm sorry to say, were caused by dummies who signed mortgages they had no chance to ever repay, aided by real estate agents who didn't give a shit about the inevitability of default because they were being paid a nice commission on every sale.
I love The Big Short, but I am constantly annoyed at the "we bet against the American housing market" aspect of it. No, they bet against the paper version of that market, and made paper profits and caused paper losses. Wall St. is funny that way. They believe the paper surrogates are the underlying asset. No, they are not.
thank you for actually reacting to the contents of the movie. i had fun watching you!
And the lady at the rating agency is portrayed as being blind. Hammering in the metaphor :D
The answer is Dr Michael Burry made around 100 million in personal profit and his fund investors’ total profit was around 700 million +.
Great reaction and I loved how Freddy understood what he was watching. I’m assuming you’ve already seen Boiler Room and Wall Street but have you seen Rogue Trader and Margin Call yet? Great movies if you’re really into finance. I’m also going to check out Inside Job because of your recommendation
I love the character interactions between Steve Carrolls character and his hard ass that works for him. They are really at each other throughtout but at the end when hes begging him to sell he has compassion for Steve's character. He knows its not just money to him but a matter of principle and he pays respect to that.
In the book, the investors all had an enormous amount of stress that led to physical symptoms from betting against the economy. Having the foreknowledge that the system was doomed was just too much to proces, especially as it all began to fall apart precisely as they had predicted.
You're absolutely right about adjustable rate mortgages ARMs. I never put clients in them unless they had really bad credit and always set them up for a refi a year or two later 6 mos before the rate was set to adjust. Never sold a ninja, stated or any of those other crazy loans even once. Always fixed. Made plenty of money doing the right thing by my clients. Never leave a client out to dry. Never.
Michael was the head of a private hedge fund and the investment agreement his clients signed did give him the power to restrict withdrawals and sole say in investment strategy. Michael's fund made about 489% profits, or 2.9 billion Marks' fund made about a billion, and the two kids with Brownhole made 84 million in profits. Even the guy who got Mark involved with the wrong number phone call, made 47 million in commissions and bonus. While this movie isn't a documentary, it is very factual. The characters were real though some names were changed for legal reasons. Some things were embellished, after all, it is a movie and has to be interesting.
I think you meant to say, 4.89 billion, not 489 billion.
@@stefsmurf I had to go back and check and edited my post. It was 489% profit, 2.9 billion for Scion.
"you can't just tell people that you can't get their money" YES you can when the ORIGINAL INVESTOR CONTRACTS DICTATES THAT, which he SAYS OUT LOUD while he is writing the mass email.
Fun fact, many fund managers actually have full autonomy with investor funds. Or there could be massive penalties of as much as 50% for pulling your money out early from a fund. A lot of funds have very strict rules. And investors can make a large sum of money but most fund managers have stringent rules put in place to either heavily discourage investors or lock out investors from their money. Its because fund managers have a fiduciary responsibility to the fund, not the investor.
Micheal Burry did have the right to limit investors withdrawls. As the head of a fund you almost have full autonomy of the money in the fund. You can pretty much do whatever you want, even though it will make the investors mad
Really liked both of you two's reaction :D
btw, yes your hair looks nice xD
I got into this industry in 2013. I work at an independent firm in Detroit. Still see shady things every day that the "big guys" sell to people. They are ruthless liars.
So fuxking impressed with how fast you caught on.
The banks sold a lot of swaps and owed a lot of money to a lot of people. So it was either sell it for less than face value while still making a profit, or risk the bank not being able to pay you anything.
They didn't cover how during the 90s they started fining banks who weren't including subprime loans in their bonds. So Mark's "they knew" doesnt quite capture it. The US government encouraged it.
That requires more context. Since the banks were handing out mortgages to almost everyone, it made it even more egregious than normal that they still weren’t lending money to minorities. The government was fining the inequity of their practices. Banks could have trimmed back their loan volume to make it equitable but they of course decided to hand out more loans instead.
Wow! You guys are the only ones that have reacted to this great film. Cool! Great reaction! Please react to Munich (2005). It's a great Spielberg gem. 💎
Subscribed.
After I saw this film with my parents a month after I got it on BLU Ray, he said, "There's gonna be another housing market crash and we're all screwed because those idiots on Wall Street have been ripping us off for far too long, they got too greedy."
If, at any time, you say "a financial crash is coming", you will be right. Crashes aren't unfortunate disasters - they're an essential part of a system that cares only about production for profit.
This is true, but the huge nature of the bust, is because its encouraged by government intervention in the market, giving people a false sense of security. There will be booms and busts, but that should be up to investors, and the government should bug out. They are just trying to put out the fires with gasoline.
This is the most heartbreaking movie ever. The dude that looks like Robert Downey Jr. actually has a clue about this stuff. Nice job guys.
I remember watching this. Thought it was really good.
Christian Bale met the guy he is playing. Christian Bale says he has an agreement and carte blanche to do what he thinks is best because they know he is good at it.
I saw inside job too as my first foray into stocks etc. then after I saw this. The big short it made me even more mad but loved how they portrayed it. Amazing.
If you haven't, you should watch Margin Call. Great stuff there too. And the acting... stellar!
Addendum: They all made money. To varying degrees. Mark Baum made money, but off his parent's company "too". Hence the less stellar celebration. Also, he didn't do it for the money. In the movie.
Love this movie! The dude on the right looks like ted from how I met your mother!
Amazing movie. You guys also understood this pretty well which was hard for me on the first watch
Inside Job (2010) is really good
Thanks for this reaction to a wonderful movie.
Another good movie on this setting is Margin Call. A must see.
I tell people to watch Inside job, Bigshort and Margin call in that order. That gives about the full picture of what happened on 3 different level. Also, Jeremy Irons as a top level bank boss is crazy good!
Hey! Great reaction video! The movie is based on a book of the same name by Michael Lewis, and goes much more in depth on a technical level. Totally reccomend.
Is This Movie (The Big Short) Like The Other Guys?
The banks paid back the bailout money. The US government actually made $109 billion from the interest. Although they probably lost way more in tax revenue during the collapse and recession.
But, those same reckless banks are still in business, fessing up the next bubble, the next huge disaster. If they'd been allowed to go bankrupt, then the banks at the top now, would be the ones that didn't jump on the bandwagon, and remained fiscally prudent. What the government has done, is reward reckless risk taking behaviour, with the general public as a backstop. Not a good move.
There is an interview with the author of the book, the director of the movie, Ryan Gosling, Christian Bale and Steve Carrel. The interviewer at the end asks if being in the movie made them want to invest or increase their investments and almost in unison they all said, "NO". ruclips.net/video/98ZhPHz_XCM/видео.html
Thanks for the video. I enjoyed it.
Excellent review ! Very interesting!
Ted mosby?
In reality Jared Vennet's role in the whole Subprime story is WAY WAY WAY less "honorable". He was one of the architects of the crisis, BEFORE everything blew up. It's worth to read something about the guy. I don't know why they changed his role in this story. Probably they needed one "charachter" to link Banking System and short sellers...
Lol black and white explanation
I tried watching a different reaction by you guys, I couldn't get into it, can't remember what it was. I wasn't salty or anything, nor did I leave a nasty comment, just moved on and avoided.
Fast forward to now, I'm looking for some one reacting to this movie and see you guys. I think, ah hell I'll give em a shot. I'm just halfway through this reaction and I'm really enjoying your commentary. You may not be experts on the subject, but you know alot of little things. So thanks for doing reactions guys, and thanks for reacting to something no one else does.
wow thanks for the comment!
Freddy, don't go back to working for the man. If you have a little money, open up your own trading account. Do like Brownhole, they weren't buying and selling stocks, they were trading options.
it's just me or the guy in the right is Ted Mosby?
At the end Michael burry write +489%. So yes he made lots of money.
Glad your reacting to this film its amazing but must reactioners don't have the guts to react cause it covers investment banking , which can be complex for the average person.
Michael Bury made $489 Million in profit.
Nah he made 100 mil for himself and 700 for his investors
Too bad he was dead wrong about Bitcoin. But, it's not too late for XRP (Ripple).
Great film...annoying AF Reaction hosts
would you bet against the housing market in a few decades? if there is another collapse coming more people will be aware of it so i wonder how a collapse would be altered due to the experience of the last one.
I dont get all this lmao
Still waiting for the gamestop movie.
Watch 'Margin Call' next
Yessss
Inside Job, the Denzel movie?
You're thinking Inside Man.
@@ben_spiller true
Dude on the right sort of looks like that actor from Nightcrawler.. I'm a straight man but he is sexy, just saying... Got brains too.
Watch Too Big to Fail.
Unfortunately, Wall Street has morphed from investing into legalized gambling. 👍
Good reaction, but FFS use the pause button when talking.
These guys totally watched this movie before "first time reacting" to it
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Hey Ted Mosby
Edits in the middle of sentences, a lot of talking and eating, Hmmmm... You can take or leave the advice.
fail. will not watch with the huge imprint.
Great pick, guys. Loved the extra layer of your experience that you brought to the table.
What really guts me is that you could live your life staying away from sh** and be smart with your money and not extending yourself with your credit, like the guy who just wants to live his life looking after his family and paying his rent on time, and you think nothing can happen to me as well... then you see that if his landlord f***s up, he in turn gets f***ed and is out on the street. That killed me.
From a construction point of view and squeezing broccoli into twinkies, this movie is pretty phenomenal. The director, Adam McKay, did a similar treatment with Vice, the flick about Dick Cheney.
You can tell the guy on the left had seen this movie before and wanted to be the one to walk someone through it and was a bit disappointed the entire time that the dude on the right already had a sort of preliminary understanding of almost everything in the film and even touched on some things the film didn't cover lol
I think he was more disappointed that his friend was showing off his education instead of just reacting to the movie.
I got sick of listening to the know-it-all on the right constantly talking and thinking he was explaining it to the dumb friend on the left who didn't say anything all movie.
Trop de coupe.