That’s a nice populist punchline, but it’s a lie… I am not sure if you really understood what happened… the government bailed the banks out… sure, which means the government lent money to some banks, and after a few years these banks returned the money plus interest, which means the government actually MADE money with the banks bailout. Specifically, in 2008 the government gave 245 billion to the banks, and few years later the banks paid back 275 billion to the government, so the government netted a cool 30 billion profit from the banks! So I am sorry but you should learn a bit more before criticising the banks. Also, if you really want to know, the government on top of mailing out banks also bailed out other folks, including the auto industry, various small businesses, and also some homeowners, etc. These folks actually didn’t pay the money back (or paid only partially). So the banks are those who paid back in full and even made money for the government, and the “small businesses”/ordinary people you love actually just took the money and didn’t pay it back. So I really don’t know if you know what you are taking about.
Student Loan Asset Backed (SLAB) Securities. There's about $2 trillion held in collateralized debt obligations (CDO's ring any bells?) in the U.S. financial markets. Look at some of the interest rates that people are paying in these loans. It's frightening.
That’s all the markets are. Held together because of confidence. Second that confidence goes - it all just disappears into thin air. Nobody loses anything because they never had it in the first place. It’s just digits on a screen.
Alot of the criminals like Bernard Madoff did go to jail, and so will the con artists this time like Sam Bankman-Fried . It`s not the same now. In 2008 and 1929 it was a crisis of confidence in the entire system. What we se know is just a market crash ( it can still alot more down). A panic at this magnitude happens, but not so frequent. Over the " long" time the market`s go up as they also did in 2009. Turn of the news, and focus on your trade. And keep investing passivly in the S&P500 and you are going to be fine over the long run
You're right they never learn. I was an underwriter for a large bank and we all knew what would happen in 2008. We warned our bosses, they warned their bosses but the CEO's wouldn't listen. Why would they? They walked away with huge golden handshakes. Luckily I got out just before it crashed but a lot of my friends didn't, looking for jobs in the finance sector that weren't there anymore. None of the senior brass saw any hardship from the decisions they made.
@@UlfilasNZ Oh, I know, I know. Market's going to collapse. The financial world is afire, and it will only get worse, etc., etc., etc. My buddy has successfully predicted 50 of the past three Recessions since we were in high school (1970's). So now my 401k is well over 7 figures, my house is paid for and it's over 7 figures. He predicted a Recession in 2022. 2023. 2024. Next Year ? He's predicting a Recession... Oh, and eventually he'll be correct. In time, sure.
@@UlfilasNZ Oh, and I should add... This year alone (2024).... My portfolio is up half a million. Granted, that's mostly within my 401k, but still... Had I listened to my buddy, I'd still be renting a house, and my net worth would be barely in the six figure range... Instead, well, you get the picture.
In 2008, after the banks received their 700 Billion bailout, the bank CEOs and managers received hefty bonuses while millions of Americans lost their homes and jobs.
That is just not true. Noting; in many cases, the banks were seized by federal regulators. In such a seizure (most notably if the shop is being liquidated), the top staff are terminated on the spot. The board of directors are terminated, the regulators take charge of the shop and sell it off, piece by piece. Typically takes 6 to 18 months, BTW. Oh, and the "real" money for the C-Suite ? The 457f's..... The 457f's (and all stock options, etc.) are seized. And, I quote "An attempt to pay them out, proximate to a downturn in financial performance, can be construed as an attempt to de-fraud subsequent creditors." With the federal government being the subsequent creditor... I know the above to be true for an absolute fact in that I was a federal regulator for 32 years. I was a liquidation agent; and yes. I was rather busy from 2008 to 2013. As an aside, my retirement gig is CFO at a bank, so I consider myself qualified to comment on the topic.
It’s unbelievable people were misled by being told to focus on abortion and other mis-directions so people couldn’t prosecute the bankers and the politicians who aided them by voting them out of office. Both Parties.
And most every bank executive not only escaped prosecution, but managed to keep the vast majority of their individual wealth; money created off the backs of tens of millions of Americans who lost virtually everything.
@@paulattaboyatreides6414 Did you actually read my post? For if you had, then a response like the one you sent would not have occurred. I gotta ask, have you been smoking a lot of weed?
@@stoneymcneal2458 you said “managed to to keep the vast majority of their individual wealth”, as if they had to forfeit some of it, no they increased it by getting paid bonuses.
I would have finished whatever it was that I was eating and drinking before I left the room. Unless they had another event scheduled and someone was going to hurry us out.
it would go faster now because of the digitalizatiin of currency as well as the management of it (physical exchanges, etc. don't have to occur, it will be a bobsled to the bottom).
I think the biggest problem with this film is that it was released too close to the crash. The film was filmed in 2009 and released in 2010, just two years after the crash. If they would’ve given it another couple of years, they would’ve had more to work with and a fuller understanding of what happened. Probably would’ve made the film a lot better.
@@martinmanifold2241 The governments funding is from the American tax-payer we know. Government generates no product of tangible monetary worth, it simply accepts monies & places $$$ invested where decreed by political affiliations. It spends more than it can extort. It relies mainly on borrowing & assigning pay back to the The American People as tax payers. It rewards itself handsomely for the shuffle.
On a bigger scale. You should be thankful you are at least isolated geographically. This way even if you collapse nobody will invade you. For us eastern Europeans things arent quite so safe. If you Americans pack up your soldiers and leave things will get dicey here.
Anyone who thinks there isn’t an elite that takes care of itself and America is capitalism for the ordinary families and socialism for the rich needs to get their head examined
Don't fret, historicaly Market has "crashed" and we have set safety limits for it not to totally collapse. I would not have approved bailouts. In the long run market always rises.
I understand what a curch IS. Yes, ,,money" never sleeps. Question: are the chairs owend AND buyed? This is how it goes with a chair. Not neccesarly a chairman! Corina Ijac
The reality is that innovation cannot survive without banks. Banks literally are the hearts of the free market. The free market is the heart of innovation. Most people can't handle the truth of this. This reality defeats all other phylosophies, such as politics, religion etc. If you cannot have an economy your only other choice is war. An economy facilitates trade and employment. Would people prefer wars over a stabilized economy?
Dude don’t knock the whistle guy, he’s (one of) the reason(s) I searched for this scene. There is better no way to express the weight of the situation than by doing the whistle-guy thing. Words are insufficient. Edit: I misunderstood when I first read your comment.
Det. Trupo and Don Altobello getting $800 billion??? Now thats some SERIOUS money! Makes all that gambling and drug money they made look like spare change found in the couch.
"Socialism, I have fought it all my life"... As a European I tend to forget that Americans see Socialism as a dirty word akin to Communism, it's strange to see the animosity that the word evoques. Yet, as I sit here in Europe with comprehensive Socialised Medicine, I can't help but think that America got the wrong end of the stick, none of us go bankrupt from medical bills! It's sadly ironic that America spends more per capita on healthcare but it's people recieve a worse standard of care.
Feel free to contribute more to your own defense. If you didn’t have our big stick to ward off the predators, you’d see just how much you could afford for your socialism. To say nothing of the absurd amount of taxes you guys all pay, and the lack of freedoms that come with it.
Americans really do have a sadistic, self-harming desire to label universal healthcare as "socialist" and instead plow billions into privatized healthcare that only harms them in the end. It's madness, and quite possibly the biggest domestic policy blunder in the nation.
Do you know why our medical costs have gotten to be stupid expensive? Because our wonderful socialist President Barack Obama brought socialist healthcare into our system. We don’t have e a free market, which could bringing down prices and we don’t have single payer like you, where the quality would suffer but at least affordable, we have this Frankenstein crap for more than a decade now. Regarding where you sit in Europe with your “healthcare”, that’s super I’m glad you enjoy your life. For the most part Americans, or those of us who came to America, are often in search for a different life, one not dependent on the government but a life rewarded through our own hard works and risks by presented opportunity, opportunity which barely exists in Europe and elsewhere.
@@swmig19Einstein, we don’t have a privatized system if we did our coats would be far less which is the nature of competition. We have a Frankenstein system and it’s a joke
Do you want to know the root of the problem? Community Development Act in 1990s, Bipartisan populist law. Average Americans are as much as guilty as them through their voting rights.
@@GamingDualities North Korea, iran, and Cuba are examples of countries that don’t play the game. That’s why their our enemies. I never met a Cuban, North Korean, or Iranian trying to take my sovereignty…
This auto market is gonna get worse big time. With toyota recalls, to GM recording 800 million dollar loss to the electric vehicle market, to stelantis ruining dodge. Its gonna get worse i feel in 2025. Especially the 4th quarter of this year "2024" . Save you money. It will get worse before it gets better. Stay strong 💪🏼💪🏼
@@northernking2604 I didn't have anyone I knew that died from it. Also where I live in GA we only had a brief halfway lockdown, and that was just for certain stores and shops. We could go out like normal. The 08 crash was FAR worse
@METROGYNY == Imagine having to get UP FROM YOUR CHAIR at the END OF THAT TABLE then walking all the way over to the OPPOSITE END of that table at least 6 TIMES for the #1 SALT #2 PEPPER #3 SUGAR #4 KETCHUP #5 MUSTARD #6 COFFEE CREAMER ******
Well, since you put a lot of O’s in now. Or people could stop looking at phones and speak to each other about real issues, and start doing, making, building things again.
Are you for real? Go talk to the poor people in China, N. Korea and Cuba and ask them how it's working out for them over there. Or better yet, go live there for 5 years and see if you have the same attitude.
Privatize profits, nationalize losses... that is the real trick
YOU SAID IT.
Americans not realizing they are in the most socialist country to ever exist.. it's just not socialism for them 😂
Because your forced them to, Community Development Act in 1990s
That’s a nice populist punchline, but it’s a lie… I am not sure if you really understood what happened… the government bailed the banks out… sure, which means the government lent money to some banks, and after a few years these banks returned the money plus interest, which means the government actually MADE money with the banks bailout. Specifically, in 2008 the government gave 245 billion to the banks, and few years later the banks paid back 275 billion to the government, so the government netted a cool 30 billion profit from the banks! So I am sorry but you should learn a bit more before criticising the banks. Also, if you really want to know, the government on top of mailing out banks also bailed out other folks, including the auto industry, various small businesses, and also some homeowners, etc. These folks actually didn’t pay the money back (or paid only partially). So the banks are those who paid back in full and even made money for the government, and the “small businesses”/ordinary people you love actually just took the money and didn’t pay it back. So I really don’t know if you know what you are taking about.
Spoken like a true Oracle!
Jesus Christ , Tuco made it to Wall street with three bags of money. Great job
FOUR!!!!
Underrated comment :D
No, this is son, Taquito. His father Tuco invested those 4 bags of gold wisely for sure!
100,000$ in gold back then was a shit ton in todays wealth lol
They saved this scene to do a remake in 2008. Probably saved 2008 to do a remake in 2025.
That sounds prophetic.
Cryptocurrency Crash 2025 ?
sooner
I'd say more like 2024.
Student Loan Asset Backed (SLAB) Securities. There's about $2 trillion held in collateralized debt obligations (CDO's ring any bells?) in the U.S. financial markets. Look at some of the interest rates that people are paying in these loans. It's frightening.
Whoever kept a straight face on the old man whistling deserves an Oscar
That old man was in a very famous Clint Eastwood movie back in the 60's
That old man is Eli goddamn Wallach, you heathen! ;-)
What does that whistling sound mean?
@@daytonarol3xEli Wallach aye, great actor
@LiamBar2010
Wallach was also brillant in Polanski's "The Ghost" !
And that's coming from an Antisemite 😅 !
Just here for the whistle at the end
That’s all the markets are. Held together because of confidence. Second that confidence goes - it all just disappears into thin air. Nobody loses anything because they never had it in the first place. It’s just digits on a screen.
I want that for my ring tone!
Same bro !
Sad thing is none of the banking criminals went to prison. No lessons learned, and now it’s happening again.
The current problem is the government that spends much more money than they have which generates BIG inflation.
Alot of the criminals like Bernard Madoff did go to jail, and so will the con artists this time like Sam Bankman-Fried . It`s not the same now. In 2008 and 1929 it was a crisis of confidence in the entire system. What we se know is just a market crash ( it can still alot more down). A panic at this magnitude happens, but not so frequent. Over the " long" time the market`s go up as they also did in 2009. Turn of the news, and focus on your trade. And keep investing passivly in the S&P500 and you are going to be fine over the long run
Someone needs to commit a crime to be a criminal…
No its not. It's not happening what the hell r u talking about? And you apparently don't know that the law favors the rich dumbass. Wake up.
You're right they never learn. I was an underwriter for a large bank and we all knew what would happen in 2008. We warned our bosses, they warned their bosses but the CEO's wouldn't listen. Why would they? They walked away with huge golden handshakes. Luckily I got out just before it crashed but a lot of my friends didn't, looking for jobs in the finance sector that weren't there anymore. None of the senior brass saw any hardship from the decisions they made.
The old man whistle got picked up by Matthew McConaughey in " The Wolf of Wall Street" during his lunch with Leonardo.
Elli wallace was still acting in his 90s
And always a dubious character .. Lol
Wallach
Yes.. a solid actor of a villaine/funny character.
All they had to do was stop eating out and make their own coffee. Problem solved
You’re forgetting about skipping the Avocado toast
Are you the real Kevin O'Leary??? Lol
Yes. Lord give them curry.
Don't forget stop buying fancy 🍎 📱...😂
Lol I remember when a 500 point drop was a massive deal
Its September, 2023. The year is not over.
Market's doing awesome into 2024. Your comment aged really, really poorly.
@@ButcherBird-FW190D Let's see how this one ages.
@@UlfilasNZ Oh, I know, I know. Market's going to collapse. The financial world is afire, and it will only get worse, etc., etc., etc. My buddy has successfully predicted 50 of the past three Recessions since we were in high school (1970's). So now my 401k is well over 7 figures, my house is paid for and it's over 7 figures. He predicted a Recession in 2022. 2023. 2024. Next Year ? He's predicting a Recession... Oh, and eventually he'll be correct. In time, sure.
@@UlfilasNZ Oh, and I should add... This year alone (2024).... My portfolio is up half a million. Granted, that's mostly within my 401k, but still... Had I listened to my buddy, I'd still be renting a house, and my net worth would be barely in the six figure range... Instead, well, you get the picture.
In 2008, after the banks received their 700 Billion bailout, the bank CEOs and managers received hefty bonuses while millions of Americans lost their homes and jobs.
That is just not true. Noting; in many cases, the banks were seized by federal regulators. In such a seizure (most notably if the shop is being liquidated), the top staff are terminated on the spot. The board of directors are terminated, the regulators take charge of the shop and sell it off, piece by piece. Typically takes 6 to 18 months, BTW. Oh, and the "real" money for the C-Suite ? The 457f's..... The 457f's (and all stock options, etc.) are seized. And, I quote "An attempt to pay them out, proximate to a downturn in financial performance, can be construed as an attempt to de-fraud subsequent creditors." With the federal government being the subsequent creditor...
I know the above to be true for an absolute fact in that I was a federal regulator for 32 years. I was a liquidation agent; and yes. I was rather busy from 2008 to 2013. As an aside, my retirement gig is CFO at a bank, so I consider myself qualified to comment on the topic.
@@ButcherBird-FW190D As they say on Wall Street " A man`s got to eat"
@@ButcherBird-FW190Dbullshit
@@drewlester4566 No, my commentary is valid. I doubt you are even aware of what I wrote. You have my pity.
It’s unbelievable people were misled by being told to focus on abortion and other mis-directions so people couldn’t prosecute the bankers and the politicians who aided them by voting them out of office. Both Parties.
And most every bank executive not only escaped prosecution, but managed to keep the vast majority of their individual wealth; money created off the backs of tens of millions of Americans who lost virtually everything.
They got paid massive bonuses bro, what r u talking about.
@@paulattaboyatreides6414 Did you actually read my post? For if you had, then a response like the one you sent would not have occurred. I gotta ask, have you been smoking a lot of weed?
@@stoneymcneal2458 you said “managed to to keep the vast majority of their individual wealth”, as if they had to forfeit some of it, no they increased it by getting paid bonuses.
@@johnnylakis Since when does voting correct the power imbalance I described?
@@stoneymcneal2458 because some people dont vote
I thought the guy doing most of the speaking was meant to be Hank Paulson but everone is calling him Bill.
Wait until the commercial real estate crisis kicks in, you haven't seen 💩 yet.
dahm... and i've seen it up in the "market". i believe you.
I would have finished whatever it was that I was eating and drinking before I left the room. Unless they had another event scheduled and someone was going to hurry us out.
I love this movie!
it would go faster now because of the digitalizatiin of currency as well as the management of it (physical exchanges, etc. don't have to occur, it will be a bobsled to the bottom).
Don Altobello delivering the bad news
I think the biggest problem with this film is that it was released too close to the crash. The film was filmed in 2009 and released in 2010, just two years after the crash. If they would’ve given it another couple of years, they would’ve had more to work with and a fuller understanding of what happened. Probably would’ve made the film a lot better.
I think that was the strategy with creating "The Big Short"
It's happening... AGAiN !
The current problem is the government that spends much more money than they have which generates BIG inflation.
They never learn or they just dont care ....they always know the government will bail them out
No, it’s not happening again, people are just beginning to realize and feel the reality of what really happened.
@@martinmanifold2241 The governments funding is from the American tax-payer we know. Government generates no product of tangible monetary worth, it simply accepts monies & places $$$ invested where decreed by political affiliations. It spends more than it can extort. It relies mainly on borrowing & assigning pay back to the The American People as tax payers. It rewards itself handsomely for the shuffle.
On a bigger scale. You should be thankful you are at least isolated geographically. This way even if you collapse nobody will invade you. For us eastern Europeans things arent quite so safe. If you Americans pack up your soldiers and leave things will get dicey here.
The real criminals of the world
all profit is private, all losses are public
Comming soon again
And here we go again!
learn to vote
Как называется фильм????
Anyone who thinks there isn’t an elite that takes care of itself and America is capitalism for the ordinary families and socialism for the rich needs to get their head examined
Now Tuco is a banker.....Hollyshet!!
I guess he used that money to go to college
If only Jules was still alive to marry me with those quotes LOL RIP Legend!!!
Don't fret, historicaly Market has "crashed" and we have set safety limits for it not to totally collapse. I would not have approved bailouts. In the long run market always rises.
Oil did go negative a first in its history all those oil wells pumping and it was worthless ouch .
@3:18 Here's the bad news.
I understand what a curch IS. Yes, ,,money" never sleeps.
Question: are the chairs owend AND buyed? This is how it goes with a chair.
Not neccesarly a chairman!
Corina Ijac
The reality is that innovation cannot survive without banks. Banks literally are the hearts of the free market. The free market is the heart of innovation. Most people can't handle the truth of this. This reality defeats all other phylosophies, such as politics, religion etc. If you cannot have an economy your only other choice is war. An economy facilitates trade and employment. Would people prefer wars over a stabilized economy?
There has never been a free market.
@@jacobwatson1818 only in your worthless failed socialistic wishful mind. Why did the Soviet Union collapse?
Can someone please edit the whistle guy along with your fave ex-boyfriend
Dude don’t knock the whistle guy, he’s (one of) the reason(s) I searched for this scene. There is better no way to express the weight of the situation than by doing the whistle-guy thing. Words are insufficient.
Edit: I misunderstood when I first read your comment.
Det. Trupo and Don Altobello getting $800 billion??? Now thats some SERIOUS money! Makes all that gambling and drug money they made look like spare change found in the couch.
"Socialism, I have fought it all my life"... As a European I tend to forget that Americans see Socialism as a dirty word akin to Communism, it's strange to see the animosity that the word evoques. Yet, as I sit here in Europe with comprehensive Socialised Medicine, I can't help but think that America got the wrong end of the stick, none of us go bankrupt from medical bills! It's sadly ironic that America spends more per capita on healthcare but it's people recieve a worse standard of care.
Thanks Mccarthy
Feel free to contribute more to your own defense. If you didn’t have our big stick to ward off the predators, you’d see just how much you could afford for your socialism. To say nothing of the absurd amount of taxes you guys all pay, and the lack of freedoms that come with it.
Americans really do have a sadistic, self-harming desire to label universal healthcare as "socialist" and instead plow billions into privatized healthcare that only harms them in the end. It's madness, and quite possibly the biggest domestic policy blunder in the nation.
Do you know why our medical costs have gotten to be stupid expensive? Because our wonderful socialist President Barack Obama brought socialist healthcare into our system. We don’t have e a free market, which could bringing down prices and we don’t have single payer like you, where the quality would suffer but at least affordable, we have this Frankenstein crap for more than a decade now. Regarding where you sit in Europe with your “healthcare”, that’s super I’m glad you enjoy your life. For the most part Americans, or those of us who came to America, are often in search for a different life, one not dependent on the government but a life rewarded through our own hard works and risks by presented opportunity, opportunity which barely exists in Europe and elsewhere.
@@swmig19Einstein, we don’t have a privatized system if we did our coats would be far less which is the nature of competition. We have a Frankenstein system and it’s a joke
777 could be in Matrix 14.7 it could also 21 as 3 UFO.
Market-socialism saves the day. Keynes was a genius, they forgot that in their greed, from the 70s right to the crash.
Thanos
Not the end of the world, just the end of social democracy.
This is way too over the top.
New York IS over the top.
And this is the begining of how the poor people end up payong the bill.
Do you want to know the root of the problem?
Community Development Act in 1990s, Bipartisan populist law. Average Americans are as much as guilty as them through their voting rights.
100 billionof SFA .................THE GREAT AMERICAN DREAM .................
You people really need to research the central banking system…
The banking system is a bunch of gamblers who profit from others losses.
i heard contries that dont have central banking get ivnaded xd
@@GamingDualities North Korea, iran, and Cuba are examples of countries that don’t play the game. That’s why their our enemies. I never met a Cuban, North Korean, or Iranian trying to take my sovereignty…
😂😂😂
This auto market is gonna get worse big time. With toyota recalls, to GM recording 800 million dollar loss to the electric vehicle market, to stelantis ruining dodge. Its gonna get worse i feel in 2025. Especially the 4th quarter of this year "2024" . Save you money. It will get worse before it gets better. Stay strong 💪🏼💪🏼
Bill..isn't a very good actor
Trump about to cause great recession part 2
Covid was worse...
No it wasn't lmao
@@pnut3844able covid was the whole world. 07/08 was a western banking crisis. Imagine the whole world was grounded 😂
@@northernking2604 uhhhh no, it affected the world economy too
@@pnut3844able did it stop you from going to loved ones funerals? Did it tell you not to leave the house or touch your nose?
@@northernking2604 I didn't have anyone I knew that died from it. Also where I live in GA we only had a brief halfway lockdown, and that was just for certain stores and shops. We could go out like normal. The 08 crash was FAR worse
bitcoin fixes this
This is all so cartoonish😂
Terrible scene.
great history reference.
They bailed out the banks, and let the little man lose his home
this is white previllage
want the opposite? You have Detroit and Chicago.
Jewish privilege*
Tribal privilege you mean
@@mikeg2491 considering what day of the week they worship on, some truth in that too.
Uhhhhh no, this is crooked bank owners and government.
The grand Zero Sum game!
@METROGYNY == Imagine having to get UP FROM YOUR CHAIR at the END OF THAT TABLE then walking all the way over to the OPPOSITE END of that table at least 6 TIMES for the #1 SALT #2 PEPPER #3 SUGAR #4 KETCHUP #5 MUSTARD #6 COFFEE CREAMER ******
This is what jesus is talking about socialism the redistribution of wealth
Its your future or nothing
Socialism or no america
Think about it
Right that must explain all those people clamoring to get into North Korea and Cuba…..
You are clueless to think socialism is ever a better option to anything. Feel free to move to Venezuela.
@Vinny.X it's socialism of jesus
Not marx how ignorant of you
You are blind to reason
Do me a favor GET YOUR FASCIST SELF OFF MY TAIL!
COMMUNISM NOOOOOOW!!!!
Communism is when capitalism fails
Well, since you put a lot of O’s in now. Or people could stop looking at phones and speak to each other about real issues, and start doing, making, building things again.
@Demiurge 86 I love how me critiquing a system that is violently protected some how falls on the individual to fix. Such a libtard
Are you for real? Go talk to the poor people in China, N. Korea and Cuba and ask them how it's working out for them over there. Or better yet, go live there for 5 years and see if you have the same attitude.
Venezuela is laughing at you.
hi-fidelity. HI-FIDELITY !!