Years before the housing market collapse, a minuscule group of people saw what everyone refused to accept: that the subprime mortgages had infested the financial world and major companies were capitalizing on issuing loans to people who were likely to default. Some of these wise men even made millions of dollars by betting against the US economy, and they were right, but as everyone knows, what ensued was the catastrophic collapse of the US economy and a worldwide recession.
I don't presume to be financially savvy, and probably, like most people, understood just the basics of the housing market collapse, but even though I wasn't a fan of the narration format of The Big Short, I think it helped me navigate the murky waters of the financial world.
I'm not even sure I understood everything they threw at me in this movie, and kudos to the production team as well as the screenwriters for even trying, but with the little I think I got, my blood boiled. It made me feel as when I saw Margin Call, another great movie on the financial crisis.
The final message I got from The Big Short is that despite the bailout, financial institutions may be repeating the same formula, and I hate to imagine the consequences if history repeats itself. Could the government impose another bailout on the American people?