Monday, February 1, 2016

The Big Short's Big Shortcomings

The Big Short's Big Shortcomings


"Food Stamp recipients didn't cause the financial crisis," said President Barack Obama in his final State of the Union speech. "Recklessness on Wall Street did."
That's also the message of "The Big Short," a fascinating film that looks at how bankers' greed led to the 2007 mortgage meltdown, the implosion of the housing market, the near-collapse of the financial industry, and the breakdown of the whole economy, including widespread layoffs and foreclosures, from which we have still not fully recovered. Producer Brad Pitt (who also has a quirky part in the film) and director Adam McKay clearly viewed the film as an indictment of the banking system and its insatiable appetite for profits and wealth. They wanted to elicit the audience's outrage at how the bankers' short-sighted gluttony caused so much suffering among millions of Americans through no fault of their own.



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