Basically telling them that it's less like them winning the lottery and more like them winning a 5-star bomb shelter just before the bombs drop.
@graphic9876
5 жыл бұрын
That's a good analogy... Kind of bad that it actually happened 😔
@Chewy427
5 жыл бұрын
bleh recession wasnt that bad
@kbanghart
5 жыл бұрын
@@Chewy427 depends on your position. Many people, including me, lost homes and had our relationships with spouses affected.
@JonathanPoto
4 жыл бұрын
Not really because actually the Great Recession was extremely deflationary meaning that money they made actually was able to buy more than it would’ve before the recession. Also, because the market recovery was V-shaped and they probably went right back to investing they likely made massive returns on the 12 year bull market that followed. See this is why populists hate bankers. They win both ways.
@rigomeza4243
4 жыл бұрын
Jonathan Poto there was no V shape recovery in 08, the bear market lasted 3 years.
@GualaBeatz
2 жыл бұрын
love how dude says "I rarely say this but I think Charlie's right" literally runs a fund with him as the only partner
@Zynpar09
2 жыл бұрын
LOL
@Karynthian
2 жыл бұрын
That's best friends for ya
@elloowu6293
2 жыл бұрын
Yup, your best mate's only as smart as you are
@GualaBeatz
2 жыл бұрын
@@elloowu6293 that's hilarious
@mito88
2 жыл бұрын
@@Karynthian "true friends stab you in the front" oscar wilde
@nkyryry
2 жыл бұрын
I found these 3 to be the most impressive of the story. They didn’t have the cash like the others that allowed them to bet heavily on the lower rated CDO’s. They had to go with the higher rated AA’s which the banks would let them bet on even cheaper. Knowing the bottom was doomed. They knew it would affect the top. It was a genius move considering what they could do.
@rodrigotatter7746
2 жыл бұрын
the problem was that the banks they were betting against were the ones holding the CDOS. They had to sell at 0.30 cents per dollar, bad luck.
@zeroskyline1324
2 жыл бұрын
@@rodrigotatter7746 The fact that the price wasn't moving as the market crashed is criminal
@wobbles7915
2 жыл бұрын
This is called "contagion" or "tail risk" by some, where good companies/people fail due to bad companies/people. You can see it during market selloffs where a drop will go much farther than expected due to panic. Options/swaps that are far out of the money and "unthinkable" per conventional Wall St. knowledge of volatility end up paying out big time.
@rodrigotatter7746
2 жыл бұрын
@@zeroskyline1324 it was criminal as F*, they were keeping the price until the could unload de CDO’S from their books and buy a lot of swaps, but if I make a couple of thousands with BTC I have IRS at my door by the end of the day.
@Nash9r
2 жыл бұрын
You are right. but I still did not like the storyline. The two guys were just so annoying.
@kevinkirk4285
5 жыл бұрын
Some horrifying statistics... "Every time the economy goes down, every time employment drops by 1%, it means 40,000 people die... Did you know that?" ...at least someone at the top had a conscience...
@87krull
3 жыл бұрын
And he was no longer on the inside. Why might that be....?
@renzohernandez3596
3 жыл бұрын
Every time the economy goes down, every time UNemployment GOES UP by 1%, it means 40,000 people die... Did you know that?
@stephanzondiros
3 жыл бұрын
There were a lot of fact checkers in on this quote actually during the release of the film and quite the number of contingencies forgotten about, it still needs further studies to define as 100% true
@CrashB111
2 жыл бұрын
@@stephanzondiros It doesn't have to be 100% accurate to convey the point they were going for. Banking reduces peoples lives to numbers in an excel sheet, but the whole point of Brad Pitt's comment there is that all of this fraud isn't just arbitrary money with no meaning. It's people's lives, homes, life savings, careers, and retirements. Wall Street and the banks, weren't just getting wealthy with no harm done. They were damning the entire nation's middle class and poor.
@nigelft
2 жыл бұрын
@@CrashB111 Even Credit Default Swaps where still grubby ... If you think about it, essentially it was like taking out an insurance policy that basically bet on the likelihood of it being struck by lightning, and it being burnt to the ground ... ... except, what happened was people lost jobs, and many of those lost their homes. The fortunate ones where able to live out of their SUV ... So when $5 _Trillion_ was wiped off of the US economy alone (to say nothing about the global one ...), a hell of a lot of people lost their jobs, and homes ... I don't know how many died in the financial firestorm that happened after, but I can well imagine that Ben's figure, abet in the real world aftermath, may not have been that far off ...
@ReaverLordTonus
2 жыл бұрын
The thing about this is that Ben knows the game, he knows they're right and he knows they'll make a killing on this deal, hes actually impressed with them. The reason he is willing to commit to helping them despite how much he hates it is so they learn from this. His line at the end when they ask him why he was willing to go with them on all this was "you wanted to be rich, now you're rich" is incredibly powerful, he basically has them realize the same thing he did long ago, that success in this business comes at a cost, not only for you but other people in the process.
@lmalino695
2 жыл бұрын
Not always. Success isn't necessarily at other peoples' expense any more than a car dealer's success or an insurance salesman's success. Whether or not they shorted those MBS's, they were going to fail. Their success came about by recognizing certain situations because not all MBS's failed. If anyone profited at the expense of other's misery, it was the people who sold the problematic MBS's and CDO's and those who rated them inappropriately. Properly rated AAs likely didn't fail. Remember Michael Burry read the ones he shorted so he knew they were improperly rated. The movie isn't clear about the AAs Brownfield shorted but if they failed, they weren't properly rated.
@BornInPhillyPA
Жыл бұрын
Original Post and the above reply both made nice points. The original post was specific to these 3, and what they did. The young guys bet against the US housing market based on sound investigation of the fundamentals, messed up ratings, etc. The specific lesson to learn was what Brad Pitt's character said, "If they were right... People would lose their houses." Nobody should be dancing because of that. But also, no. They did Not cause the mess or for people to lose their houses. The second post is also right, in that many things combined that enabled people to over extend their resources and take ARMs to buy a bigger house than they could afford, or even buy multiple houses, and rent them out. People got greedy, banks got greedy. Wall street got greedy. I feel like there should be a follow up book and movie called "Too Big to Fail". What always pissed me off was bailing out the banks and Wall Street, and spending the tax dollars to do it. I feel like the federal government gives all responsibility to regulate to bureaucrats that are rarely held accountable. The system the bureaucrats create never gets readjusted, and the Fed, banks, and Wall Street rake in the tax payers' money while everybody blames the politicians they voted in for taking kickbacks. Things are the same if not worse now. There is no firewall between checking accounts and savings accounts. Basically it's like they want people to spend now and save nothing. I think the best bet is to follow the example of the real life inspiration for Brad Pitt's character. Invest in yourself. Get a homestead, grow your own food.
@lmalino695
Жыл бұрын
@@BornInPhillyPA Beginning in 2002, Bush Admn FNMA and FreddieMac oversight regulators went before the House banking committee and warned them about the problems developing in its early stages. (maybe that's what alerted Michael Burry). Committee members B. F and M.W. accused them of fear mongering and warned them they may be find themselves replaced (saying it pleasantly). M.W. praised F.R. for the wonderful, masterful, blah, blah, job he was doing. Later, F. R. was penalized by withholding a bonus.
@ReaverLordTonus
Жыл бұрын
@@BornInPhillyPA my point is that while they didn't cause this crisis, they had to basically sell their souls to profit off of it. Yes opportunity is great but when it comes in the form of someone else's terrible loss being your gain, there is some moral implications there. For example, there were definitely some people, even if only one or two who on 9/11 looked at what was happening and realized the airline industries stocks were going to tank in the wake of it and so bought it up when it hit the bottom the next day and later profited when they stabilized back to where they were. Most people wouldn't have thought of that because of obvious reasons, but some people can't turn off their greed even in the face of tragedy.
@tomr6955
Жыл бұрын
@@lmalino695 But buying insurance from the banks and getting huge payouts definitely did NOT help the banks and definitely made the problem worse to some degree.
@JimmySteller
4 жыл бұрын
Somebody once described Brad Pitt as a character actor in a lead actor’s body. I think that’s the best description of Pitt that I’ve ever heard.
@giantamagariantka8174
2 жыл бұрын
Don't forget about DiCaprio. Quentin Tarantino also said this about Leo when they were working together on Django Unchained. But yeah, both he and Pitt are not just about the looks
@TheAudioman15
2 жыл бұрын
@@giantamagariantka8174 I think the difference is the ease with which they both do it. DiCaprio always looks to me like he’s trying so hard. With Pitt, it all looks so effortless.
@GhostEye31
2 жыл бұрын
@@TheAudioman15 He does, however I think Brad Pitt has leveraged his success as a leading man in serious blockbusters when he was younger to be able to take on character driven roles as he's gotten older, and good for him really because I think he's just doing it for the love of it now.
@giantamagariantka8174
2 жыл бұрын
@@TheAudioman15 u know what man, I used to think the same thing. But I had watched Django repeatedly (cause i love it so much), that performance was so effortless u kinda forgot that this is the same man who portrayed that simp in Titanic. Maybe he's been effortless all this time, it's just that a lot of his roles were typically fiery characters, that it seemed effortful.
@kevinkanzler495
2 жыл бұрын
@@giantamagariantka8174 when did he say that about Leo? I looked around and didn't see it that quoted anywhere.
@kapnerad
7 жыл бұрын
The fact that I keep forgetting that Brad Pitt was in this movie only shows how brilliant his performance was. He literally disappeared into the movie. Either that or his part was really unremarkable.
@sergiocortez7600
7 жыл бұрын
I feel the exact same thing. Except in the "Just don't fucking dance" moment. That's all Brad Pitt lol.
@crazymonkey19071907
7 жыл бұрын
It might also have been because he has a beard and glasses...
@orandxb
7 жыл бұрын
It's what his role is.Someone who knows so much that he wants to stay as far as possible from the system.
@simonetanzi5103
6 жыл бұрын
That's because his massive talent has been overshadowed, in the eyes of some, by his looks. He's one of my favorite actors together with Bale, which is one more reason why this is my favorite movie
@lee155912000
6 жыл бұрын
Why the hell do I always think of Tom Cruise when someone says Brad Pitt and vis versa ? Every time!
@Dreadnaught1985
2 жыл бұрын
You get a reminder that Brad is a really good actor. That he can provide a monologue that is heartfelt and impactful.
@noahmay7708
2 жыл бұрын
He didn't write the monologue.
@LolWutMikehSM
2 жыл бұрын
@@noahmay7708 no shit thats not the point.
@johna9994
2 жыл бұрын
I forget he is Brand Pitt watching this. A real credit to him as a actor!
@Dreadnaught1985
2 жыл бұрын
@@noahmay7708 I won't contest that. But his delivery was impactful. Just as an FYI, actors often practice monologues to showcase their talents.
@nepntzerZer
2 жыл бұрын
that wasn't a monologue. it was a dialogue. learn the fucking difference please for fucks sake. just do it and save people like me the time and effort that goes into typing out a rebuttal. do you have any idea how long this took to type out? like 20 seconds. 20 fucking seconds i won't ever get back.
@mhaze210
4 жыл бұрын
2:14 is big example of why I like this movie. It can jump from hilariously fun and upbeat... straight into dark territory. I actually get chills when Brad Pitt explains what they bet on, especially when one of them says "Whoa... I just got really scared." That's when the memories of the 2008 Crash come back. My family business was effected as well... so it gets really dark in that moment.
@marlonquintana3466
2 жыл бұрын
Yeah. I had just graduated from high school in 2007 and heard stories of families losing everything. Parents would kill themselves and their children because of it. 😔😭
@TheMacroSlacker
2 жыл бұрын
Yeah and the 2022 crash...
@Rensune
2 жыл бұрын
And the worst part? Almost nobody learned the lesson.
@240devil1
2 жыл бұрын
@@Rensune That’s just not true.
@martinsuper4545
2 жыл бұрын
I lost all equity I ever had in anything. I lost everything I saved as a kid, through high school, and into college. I got a great job out of college, lost every penny I saved from that. Zero. Nothing. Gone. So now I DID learn something. We have a giant crash right around the corner. When THAT happens, Im cashing in!
@datnoob4394
2 жыл бұрын
"Every 1% unemployment goes up 40,000 people die." I feel like people forget the economy is more than just numbers
@CptMole
2 жыл бұрын
A death is a tragedy, a thousand deaths is a statistic.
@magmat0585
2 жыл бұрын
"If it saves just one life" Except it doesn't, it just kills someone else who's younger and healthier in a different way.
@captlanc
2 жыл бұрын
Well it’s 4 percent now
@OnceShy_TwiceBitten
2 жыл бұрын
40k people dying is still a number lol.
@helloterran
2 жыл бұрын
@@CptMole and 900k deaths is fake news
@davidkosa
7 жыл бұрын
This is a horror movie, because it actually happened.
@georgeofhamilton
6 жыл бұрын
That's not what makes a movie a horror movie. "Ooh, 'Remember the Titans' is a horror movie, because it actually happened!"
@serenek623
6 жыл бұрын
I'm sure you understand what david's talking about.
@georgeofhamilton
6 жыл бұрын
I was being a little mean, but I dislike that so many people are liking his pseudo-intellectual comment that doesn't make sense.
@drivingdays1445
6 жыл бұрын
Its happening again!
@geodiesel3143
6 жыл бұрын
DRIVINGDAYS when do you think the economy will collapse approximately?
@NardoVogt-oo6gz
Жыл бұрын
I love the scolding Ben gave the two at the end and brought them down back to earth. Most valuable mentor in this movie.
@TheMidnightPhil
2 жыл бұрын
This movie manages such a careful tightrope walk. Moments of absurdity, moments of rooting for the protagonists, and then all that tempered with disquieting observations like the rebuke Ben gives at the end. All about perspective.
@rangerscoach
2 жыл бұрын
It’s a really clever film. It’s about bad people that were right about an even worse economy and rather than sound the alarm they made money off the collapse. We should take shorts a lot more seriously than we do. They are the dissent that we need in the marketplace that increasingly lies to the public
@allbrosdjay
2 жыл бұрын
@@rangerscoach The housing market was going to tank no matter what they did. They did warn people, people wouldn't listen and it was too late and couldn't be stopped. It wasn't a rather/either or situation. The collapse was going to happen no matter what they did, so they decided to make money off of it.
@friend2194
2 жыл бұрын
@@rangerscoach Who would listen to a retired dude, a lunatic manager and a guy walking barefoot in office talking about the doomsday when everything was at peak? Even a tabloid wouldnt print that story.
@DaKloneLiving
5 жыл бұрын
The banks raised the prices on the B tranches in the midst of the failing loans to discourage the influx of shorts on the failing market; a poor attempt to stabilize and cover the damage. The Brownfield Fund doubling down on the low price of the AAs was a very smart and insightful move; it shows the strength of their understanding of the underlining issue. It was like attacking the dragon where it's armor was weakest.
@CHURCHISAWESUM
5 жыл бұрын
It's literally felonious Securities fraud for them to do that, it's called Pegging. "Pegging is also a strategy deployed by buyers and writers (sellers) of call and put options. Writers are most commonly associated with this practice of driving up or down the price of the underlying security as the option nears expiry. The reason is that they have a monetary incentive to ensure that the buyer does not exercise the option contract." Yet none of the decision-makers who ordered it ever went to jail for a day.
@zeusmultirotor8479
5 жыл бұрын
@@CHURCHISAWESUM are credit default swaps covered by normal securities laws? I thought they were not. I know a credit default swap can't be purchased by normal investors.
@treepeenbawlz1934
5 жыл бұрын
C’mon we all know dragons aren’t real
@kaekillay
5 жыл бұрын
@@treepeenbawlz1934 yeah but dinosaurs are. Ever watched Jurassic Park?
@HVACSoldier
5 жыл бұрын
Pegasi I don’t think they were “pegging.” They were “shorting” a tranche of a mortgage bond. The problem is the people who were creating the mortgage bond, got greedy.
@7elEvan1
2 жыл бұрын
That little shot of the soldier at the slot machine was so damn powerful
@naitai8775
2 жыл бұрын
yea same when they go to the shooting range and uses an osama target with ar15s
@vaibhavgupta4687
2 жыл бұрын
I love how they constantly interlaced scenes of the common American person gambling, showing how they're "betting" for a chance to win big even though we as the audience know they're about to lose everything. Such a good movie with even better cinematography!
@buco1719
2 жыл бұрын
Looking back, this is brilliant because when you watch the vennett Jenga scene, he stops at A’s when he’s popping out the bricks. Even they didn’t think it would hit the AA’s.
@chrisrautmann8936
2 жыл бұрын
The Jenga scene showed that the collapse was goin to hit the AA and AAA tranches, regardless.
@lohvrti
2 жыл бұрын
@@chrisrautmann8936 Yes, but there was still some faith that some of the underlying bonds wouldn't fail, which wasn't the case
@lmalino695
2 жыл бұрын
@@lohvrti What wasn't the case? The underlying bonds didn't fail. The tranches failed[ i.e., the package failed. The CDOs failed and the synthetic CDOs failed. A homebuilding company can go bankrupt but those 100K parcels and 500K homes are still worth their prices. The junk in the tranches wasn't worth anything but the good stuff was still valuable. They just repackaged the good stuff in properly rated tranches.
@lohvrti
2 жыл бұрын
@@lmalino695 well, effectively when the bonds at any level failed, it made them all worthless when it came to cdo's. Hence how the two dudes were able to make so much money off of the double A's
@lmalino695
2 жыл бұрын
@@lohvrti Not correct in real life or in the movie and not even logical or reasonable. Even the movie makes it clear that some of the bonds in the packages were expected to go bad but just a few didn't ruin the tranches and certainly not the other bonds.
@iandhr1
7 жыл бұрын
Love the 4th wall breaks.
@homeofthemad3044
6 жыл бұрын
It is from Shakespeare.
@wonderlasting
5 жыл бұрын
Makes it more a docudrama than movie. Very essential, if you ask me. I can't understand about 50% of what's going on already.
@TheBTD3
3 жыл бұрын
They do it very well. When they do it, it never breaks the story for me
@antoniorivera8942
3 жыл бұрын
@@TheBTD3 and they picked the right people to break it. If Burry or Baum had break the 4th wall, their characters would have been less deep for me.
@The-Financial-Hooper
2 ай бұрын
@@antoniorivera8942great point
@bluecomet1109
6 жыл бұрын
"You just bet against the American economy" "Fuck yeah we did" Lmao I always find that part funny
@PlaneBoy2520
5 жыл бұрын
Damn, I got a USAA bank ad for this video, that’s real ballsy
@DESTRAKON
5 жыл бұрын
*too* ballsy
@jonathanvilario5402
Жыл бұрын
"Just don't fucking dance." His behavior grounds the whole scene together. Sometimes this feels like a game cheering these guys one, and then you remember this ACTUALLY happened, and that their successes were built on the failure of millions of others. They're never bad guys, but there's such morbidness to their success.
@redundantideas
Жыл бұрын
Brad Pitt's line about betting against the US economy is probably the heaviest one in this film.
@240devil1
2 жыл бұрын
I honestly love how they made an average height Brad Pitt look massive to these guys. Signifying his experience and superiority is far above their own and he exudes wisdom. How they instantly go from pure happiness at just scoring the deal of the century to scared teenagers based on this guys words is just awesome.
@banksterkid5930
Жыл бұрын
Brad is 6"1 He's above average
@zainm5919
Жыл бұрын
@@banksterkid5930 I think he's slightly below 6ft actually, maybe he wears big shoes sometimes. The 5'8 guy wouldn't look so tiny next to him otherwise
@User-bl5cw
Жыл бұрын
@@banksterkid5930This is false. He’s 5’11”.
@theDonRua
11 ай бұрын
Brad Pitt channeling Robert Redford.
@valdinoorazhar1571
7 жыл бұрын
Brad Pitt was brilliant in this scene.
@LibertarianJRT
5 жыл бұрын
Best part of the entire movie "Don't fucking dance." Making a fortune off other peoples mistakes is very close to making money off of other peoples misery.
@PuffTheMagicHobo
5 жыл бұрын
Thought he was terrible in this scene, especially the “thought you guys were clowns”, but who cares
@PuffTheMagicHobo
5 жыл бұрын
Last part was good tho
@nuckymancini7013
5 жыл бұрын
Hes always brilliant
@danielvandam
5 жыл бұрын
PuffTheMagicHobo i agree! i thought the lines and delivery here were absolutely terrible. Like they sound like an amateur play or something. He just suddenly out of the blue comes up with ‘let’s bet against the double a’s!’. And ‘kinda brilliant’, that was terrible!
@thedoctor101fez
6 жыл бұрын
this was one of my favourite scene in the movie. It's got so much energy building behind it then BANG reality hits
@1neomonkey
6 жыл бұрын
"For every 1% of unemployment that goes up, 40,000 people die."
@jordanpage3846
5 жыл бұрын
People die no matter what.
@dverd11
5 жыл бұрын
Unemployment is very low now. Thank god.
@WolfsH0ok
5 жыл бұрын
on the bright side. Today, even poor people have too much food 100 years ago it was a possible death sentence
@rios1654
5 жыл бұрын
@@WolfsH0ok I wonder, back then, how many people died from diabetes, heart disease, obesity, high blood pressure, osteoporosis, stroke, cancers and the list goes and goes..
@saintconnnor
5 жыл бұрын
@@WolfsH0ok i dont think you realise what poor actually means.
@toomuchdrivetothrive
5 жыл бұрын
All HS economics classes should do a triple feature of Margin Call, the Big Short, and 99 Homes to teach this catastrophe.
@thriller1911
5 жыл бұрын
Fact. Jeremy Irons was brilliant
@daveblue3733
2 жыл бұрын
I didn't heard about 99 Homes. Thanks for recommending.
@SalvableRuin
2 жыл бұрын
@@daveblue3733 I hadn't heard about*
@HHalcyon
2 жыл бұрын
Well, my economics classes definitely avoided all this mess in detail and actually failed to describe how capitalism is just a huge resource pump built to siphon whatever can be siphoned in favour of the few. People make or break the system so it's just an example. Was only presented bits and pieces without being given the grand picture of what's going on. I learned the details during my career progression through experience and quit.
@lmalino695
2 жыл бұрын
@@HHalcyon Have you bothered to submit your critique to your former HS so it might be incorporated in the economics curricula for the enlightenment of today's students?
@paulcanis6297
6 жыл бұрын
By the way, the banks are currently doing the same thing with student loan debt. Again, the fatal assumptions are a) everyone repays their SLD and b) the value of a college education will just keep going up. Some day we will be watching a film about student loan tranches and ... look, just don't dance.
@shankoja8016
5 жыл бұрын
You weren’t wrong. You have student loan backed securities now. Plus there are even some where if the student defaults the government repays
@shakeandbake3355
5 жыл бұрын
Apparently there's a another recession coming real soon, and it's gunna make the 2008 look like a fucking pebble. Brace yourselves
@khonhlo1476
5 жыл бұрын
Another thing people arent talking about is rich Chinese buying homes in Australia, US and Canada to diversify their investment. The problem is, they arent buying multiple homes to live in but simply a place to stash their wealth. If the Chinese market collapse, they will sell their foreign properties to get cash on hand which could mean millions of home goes on sell all at once. Imagine what that would do to the housing market as a whole. They bought some of these homes in the millions of dollars even though most arent even worth more than 600k to 800k in the best housing market. They will sell for 50-75% loss just to get cash on hand. It will be the best time to buy a home at a tremendous discount. Might be as lucky as the 2008-2009 housing crisis.
@johncase3998
5 жыл бұрын
@@khonhlo1476 Imagine my surprise when it happens and I continue to pay my reasonable mortgage on my reasonable home (just like I did in the last crash) and my life continues onward. Meanwhile people who put hard earned money into paper investments will watch it all vaporize with no ability to stop it.
@khonhlo1476
5 жыл бұрын
@@johncase3998 did you ever considered refinancing a little after the crash? I refinanced my home about a year or so after and got it to 3.3% which is less than 1k monthly mortgage on a fixed 30 year rate which is a steal considering it's a little more than inflation
@watwell
5 жыл бұрын
This movie makes the original financial eye opening movie Michael Douglas's "Wall Street" look like "Sesame Street." If you are into finance and realize that in 2005 there was a trillion dollars in highly, almost defaulted, loans being passed around between "the banks" like a joint at Lynard Skynard concert. Then this is the movie for you.This little oddball, strangely filmed, highly successful movie should be mandatory viewing at any business school and mortgage company on the planet.
@virginiabluebell2350
Жыл бұрын
“ wohhh I just got really scared “ the moment when you truly understand in detail what’s about to happen …..and then it did
@weirdshibainu
2 жыл бұрын
I owned a window covering business from 2001-2009 and spoke to customers and real estate people every day. In 2006, I started questioning home prices and the types of mortgages that were being sold. I asked several real estate and mortgage brokers how one could short the real estate market. All but one of them said it wasn't possible and even if it was, it would be a stupid move. I never pursued it, as I really didn't have a lot of money to invest if I could figure it out and I never got far into the mechanics. However, all the warning signs for a collapse were there. I did pay off all my company debt as quickly as possible and when the housing market collapsed, I shut down my business not owing a dime to anyone.
@wonkothesane8691
2 жыл бұрын
As my Daddy used to say, before he left this cold, cruel world: "If you start building a house of cards in a hurricane zone, don't act surprised when it gets knocked down."
@mituldaniadventureJunkie
6 жыл бұрын
The best subtle part is Ben shaking the hand with banker and noticed that he just touched shit and then he looked at his hand and realized it needed to be washed or sanitized. @2:05
@gabolujan3109
2 жыл бұрын
Basically telling them it’s less like winning the lottery and more like winning the parachute when the plane is about to crash.
@CJW0056
5 жыл бұрын
They way he delivers that line: "they keep calling us brownhole" is hilarious
@sikckaputten
5 жыл бұрын
"Every 1% unemployment goes up, 40000 people die" This is so horrible...
@krackowkid6618
7 жыл бұрын
Really brilliant movie.
@billyramirez2275
6 жыл бұрын
KrackowKid yes sir
@GoddyofWar
5 жыл бұрын
Highly underrated in my opinion. It should be shown in every High School economics class in America.
@Russyo1992
7 жыл бұрын
i love this scene. "the eureka moment."
@rlatjdwo1
7 жыл бұрын
On the side note, congratulations. You are the first one to comment out of +11,625 viewers.
@Russyo1992
7 жыл бұрын
Extractor lol thanks
@TheSaltyAdmiral
2 жыл бұрын
@@rlatjdwo1 Well, I'm the 419th, what do I get?
@jshepard152
7 жыл бұрын
"So the NSA has a 52 billion dollar budget and the ability to monitor tens of millions of calls a second but they’re not using it?"
@soal159
5 жыл бұрын
The National Security Agency by design has to obey the constitution but has power far beyond that. "We have looked at the enemy from the beginning but is there a way to defeat them besides to mimic there exact ways?"
@nickl5658
5 жыл бұрын
Technically, the NSA records all communication. However as long as they do not look at without court order it is all legit. They can save your phone calls so long as they do not look at it. But if your are a non American, it is open season.
@darkchoco7407
5 жыл бұрын
Still, NSA wouldn't understsnd what they are listening
@rig0d633
3 жыл бұрын
"You know what I hate about banking,? It reduces people to numbers...here's a number for you, for every 1% the unemployment goes up = 40,000 deaths" Only banker with a heart
@twilitezn
2 жыл бұрын
What I LOVE about this film is how it shows the viewpoint of everyone...the sharks, the traders, the incompetent people at the top, and, with Brad Pitt's and the Brownfield Boys' characters, the novices and everyday people (the audience) who are shown a peek at the Horror Show.
@Nickdacooldude
4 жыл бұрын
"Where are you going" "I need to return some videotapes"
@josedavidcozarortiz153
2 жыл бұрын
I have seen the movie 3 times, I barely understand what the hell is going on at some points. But man, I can feel the chill and the horror while the characters find out the apocalypsis is coming… and that they are gonna swim in gold after that happens
@ace-lo1nq
2 жыл бұрын
Plunge protection team won’t sleep during that breakdown
@chemicalhap
Жыл бұрын
Financial literacy and even a high level understanding of how markets work needs to be a foundational part of education. Yet it is very conspicuously absent. Because if you are informed, you won't be an easy consumer.
@asecretone
2 жыл бұрын
Brad Pitt in full on Redford mode in this. Love it.
@djo2213
2 жыл бұрын
I always saw similarities in Redford and Pitt ever since Spy Games. I just never share it. Cool to see someone with the same view
@JeremyThompson1978
Жыл бұрын
@@djo2213 Same. I always thought Pitt represented the younger version of Redford in Spy Games. I've never been able to unsee that similarity ever since.
@djo2213
Жыл бұрын
@@JeremyThompson1978 maybe it was more purposeful then I thought!
@kindredhooligans4445
5 жыл бұрын
"Whoa I just got really scared"
@silver292
Жыл бұрын
"Wow I just got really scared." Yep. That's when the reality of what you're doing hits.
@ericwsmith7722
7 жыл бұрын
Appropriate this scene was shot in Vegas,, explains perfectly what Wall Street was doing with our 401K,s . Knowing no matter how much they gamble away ,people will still keep adding to them.
@Fairfieldfencer
5 жыл бұрын
Thanks for uploading all these clips. I had no idea this movie existed and everyone needs to see it.
@bobuncle8704
2 жыл бұрын
I’ve never seen the whole movie, but I really like how they do break outs. The way they stop the movie to explain a specific part and/or what’s really going on.
@yugom488mmmauser2
5 жыл бұрын
Someone at this meeting had to have at least gotten to their hotel room, look in the mirror and say, "something's up, that wasn't normal."
@zeusmultirotor8479
5 жыл бұрын
they were too busy thinking about what they would spend their sales commission on
@acegibson9533
6 жыл бұрын
2:24 that little speech is very old school. Back in the old days when you made a significant short position, there was an informal gentlemen's agreement that you didn't show boat it.
@kirbivore77
3 жыл бұрын
Like betting the Don’t Pass line in craps
@The2KXperience
2 жыл бұрын
Funny enough, this scene reminds me of an old "Treehouse of Horror" Simpsons episode. Everyone is worried about nuclear war, so Homer goes to inspect some bomb shelters, and closes the door on himself so he can help himself to some free shelter food, and it just so happens at that point that the bombs drop and nuclear Armageddon begins.
@Nighthawkforever147
Жыл бұрын
Brad Pitt doesn’t get enough credit in this movie. Granted, it’s Carrell, Bale and Gosling who get the over the top roles. But Brad playing the old burned out role is excellent. This might be one of the greatest movies ever made. It gets better with age.
@teshkit456
2 жыл бұрын
I probably watched 15 clips of this movie, and I think that indicates it's time for a rewatch of the full thing.
@matthewdunham1689
2 жыл бұрын
Awesome scene, I love Brad's humanity.
@LoveThatRod
2 жыл бұрын
Smart of the Director to have Christian, Brad, Ryan and Steve add some real professional acting and thereby up the game of the pretty darn good lesser knowns - add a great story line and voila a great movie!
@bencorwin
6 жыл бұрын
Most memorable scene of the movie for me.
@Balik-Bayan
6 жыл бұрын
"Just don't f*** dance" hahaha
@Riverbed_Dreaming
2 жыл бұрын
I love how they’re playing the Wall Street Casino while within an actual casino.
@bz7661
2 жыл бұрын
I just realized how much I love this movie!
@mrbard1
2 жыл бұрын
I like how Brad's character puts the fear of god in them both like a dad would to watch out for his kids.
@Lethologican
8 ай бұрын
First 90 seconds are probably the most awkward scene in the movie. The idea to short the AA tranches seemingly comes out of nowhere, but Jamie already has paperwork ready to show Ben the numbers, and this is probably Pitt's most wooden delivery in any scene. One case where the filmmakers couldn't figure out a clever way to provide the information.
@MyTEEsharp1
2 жыл бұрын
“Just when I started to think you guys are clowns!” Hahahahaha a way a mentor tells his protégés that he is proud of them!
@drbwhit
3 жыл бұрын
I love this movie so much I could watch it every week
@ProNorden
6 жыл бұрын
....and Brad Pitt as Robert Redford, ladies and gentlemen.
@ruddock7
5 жыл бұрын
Brad Pitt always looked like Robert Redford, even when he when they were both younger!!
@alephmorricone7207
2 жыл бұрын
" You don't have the money or the reputation guys, don't take it personally "..God I love the comedy in this Movie.
@WarlordM
2 жыл бұрын
That quick shot of the army guy with the cig playing slots is at least as effective as Pitt's whole speech, imo
@megabug1010
2 жыл бұрын
marine
@sethost2548
2 жыл бұрын
@@megabug1010 no one cares army weeb
@megabug1010
2 жыл бұрын
@@sethost2548 true
@koolaid28
3 жыл бұрын
One of the best movies I've seen in a while
@karu6111
2 жыл бұрын
i like how Brad Pitt's face just fits in almost every film he does
@mito88
2 жыл бұрын
his face blends in.
@karu6111
2 жыл бұрын
@@mito88Steve Carell looks like Michael from the office, Gosling looks like Gosling, maybe it’s the suit, like I’ve seen him wear that style i dunno, no offense to them both, great performances, But Brad Pitt, now he looks like a retired investment banker, apart from the very recognizable voice and face.
@zainm5919
Жыл бұрын
@@karu6111 christian bale blends in too
@theDonRua
11 ай бұрын
An amazing scene top to bottom, from the build, to the hammer.
@leonthesleepy
2 жыл бұрын
2:19 great example how u can still have drama in a comedy and have it hit
@davidcleaver3300
2 жыл бұрын
That hand shake! The way he looked at his hand as if "What did I just do!". Short but quick!
@_lime.
2 жыл бұрын
"Every 1% unemployment goes up, 40,000 people die." Covid: "Bruh I do that in a weekend"
@sukhmaidickoff
2 жыл бұрын
If people think - that those people who shorted and made millions on the real estate collapse - cared about the people who lost their jobs and got foreclosed, then they are extremely naive.
@vide0gameCaster
5 жыл бұрын
2:07 Ewww. Now I need to sanitize my hand!
@ohgodpleasehelpme4337
Жыл бұрын
0:28 Love how it cuts to the lottery shot and sound effects right after Charlie mention betting against the Double As
@bhughes1986
3 жыл бұрын
The real Michael Burry is in this scene - served a drink by the waitress.
@AnonozChong
3 жыл бұрын
Hmm doesnt look like him, he seems to have cameod in scion’s office when lawrence walked in
@regul8or71
3 жыл бұрын
Might want to double-check your sources. Looks sorta similar but I don’t think that’s him.
@projectjt3149
3 жыл бұрын
Too blurry to tell
@Outworlder
2 жыл бұрын
@@projectjt3149 too... burry? ...I'll see myself out.
@FratBoyFitness
2 жыл бұрын
When I first saw this movie all I could think was how these 2 guys and Brad Pitts character reminded me of Mordecai, Riggby, and Skipps
@rewsterfewd1226
5 жыл бұрын
The way Ben looks at his hand after shaking hands
@heinzyketchupy4175
3 жыл бұрын
Idk why but when they shouted and pointed at each other OHHHHHHHHHHHH, shit was hilarious
@israelnieves7785
2 жыл бұрын
Being that I actually experienced this for myself I bought my first home for $600k back in June 06’ only to find out that by March 08’ it was worth $400k I almost had a heart attack… now I realize my mistake I bought when the market was at its peak…
@luisdelgado6687
2 жыл бұрын
Isn’t that what’s happening right now all over again? The housing market is in a bubble and people are buying overpriced houses for $350k when probably they are worth only $250k or $280k
@israelnieves7785
2 жыл бұрын
@@luisdelgado6687 yes I totally agree with you, prices are high right now so the best plan is to wait till the market cools off then buy when prices are a lot more reasonable…👍🏼
@bricehatcher8391
2 жыл бұрын
@@luisdelgado6687 a hot market is natural. What happened in 08 was a perfect storm that's not likely to happen again. At least it won't manifest itself the same way again.
@SAagreedSA
2 жыл бұрын
@@bricehatcher8391 a hot market is natural? Not this hot, majority of buys are equity firms, this is not a fundamentals driven market, it's a cartel.
@willowandluka5302
5 жыл бұрын
“Just don’t fucking dance” Best line in the movie. That and “Fuck responsibility”.
@scottyflintstone
5 жыл бұрын
vastly underrated movie
@CHURCHISAWESUM
2 жыл бұрын
A line from the book, quoted from Michael Burry: "It felt like being Noah, in the Ark as the waters rise. Yeah, he's safe, his family's safe, but he's not looking out and smiling. That's not a happy moment for Noah."
@fvhitman4hire
2 жыл бұрын
The reality check by Brad Pitts' character is a sobering moment.
@esteban1487
2 жыл бұрын
This movie had a lot of great scenes. Pitt is a chameleon actor too, maybe not as much as a Pacino, or a Strother Martin (for us oldsters) but its kind of cool to see him play this frumpy guy.
@vibovitold
Жыл бұрын
Pacino aa a chameleon? A great actor, but so very distinct :) If you said Gary Oldman, I'd agree...
@JonathanPoto
4 жыл бұрын
Big Short sequel currently in production ;)
@Sight-Beyond-Sight
4 жыл бұрын
This was probably the most entertaining documentary ever created...
@traviswall1982
4 жыл бұрын
This movie is called "The Bubble", heard about it from Peter Schiff. He, Ron Paul, David Stockman, and several other well known Economists are in this documentary. letusdisagree.com/product/thebubble/
@theDonRua
11 ай бұрын
"Just don't fucking dance." best line in the movie. Profound, and applies to so much of the story, the lessons, the fraud, the lack of care for what happens to common people. I assume most of you notice they show the man with his daughter who was renting in miami, later living in their car. Just don't fucking dance.
@3DPT
2 жыл бұрын
Part of me always roots for Brownfield and Barry who stuck it to the banks who got stupid and greedy... Other part of me remembers when the collapse meet an entire block of houses on my street had foreclosure signs and overgrown lawns. 20 houses were foreclosed, 20 different families were evicted because the realtor gave sub-prime loans to anyone with a pulse, to people who thought they were getting a stable place. A lot of young families on the block were sold starter homes so someone at the bank could turn them into MBS's and CDO's and reap huge bonus's for selling trauches of BS securities...
@136jab
2 жыл бұрын
The banks were doing that anyway. The shorts didn't create any of those situations. The banks did by giving out loans to people who couldn't pay.
@bigfriki
Жыл бұрын
And it all was built on mortgages which are nothing else but payments earned with real hard work by normal people so that they can have a roof over their heads. The banking industry is absolutely disgusting.
@Lamporre
7 жыл бұрын
Ben's perfectly right about all the stuff he said about banking and how Jamie and Charlie are profiting from people losing everything, but I find it hard to take him seriously after he was just complicit in helping Jamie and Charlie do that very thing. Later on they ask him "why did you help us?" But frankly, I'm surprised that they didn't ask him at this point. Why WOULD Ben have such disgust for this world but re-enter it just so two guys he barely knows can get rich when they were technically ALREADY rich (they were handling 30 million, how could they not have all the money they needed?)
@PotSmokeGuy
7 жыл бұрын
He didn't create the scenario for it to happen he just made money off of it. I'm not sure he was proud of it, like this scene shows, but it was there to be made so why not make it?
@CorrosiveColin
7 жыл бұрын
Lamporre The market was going under. That is basically the point of this movie. These men saw shit was going to hit the fan. They warned everyone and when everyone said, "Fuck you." they lined their pockets. To me, that's fair. It's fucked up but they made money off of the big banks fucking everyone. If I were in the same position I would do the same... I wouldn't dance though. Maybe a heel click.
@JimmySteller
7 жыл бұрын
I think that Lamporre's concern is the fact that if Ben was actually making money off of it, he would seem hypocritical in his criticism of these two for celebrating. Even more so because the only reason these two are able to make money off of the crisis is because Ben is helping them.
@sohshiowjiuan1408
7 жыл бұрын
i think it underlies how greedy people are at their core.. even the most righteous person in this movie can't pass up on the chance to make money, even if he knows the guilt he will feel afterwards. He knows this is a really bad thing to do, but can't turn down the chance, even if that means he felt disgusted of himself.
@akram4179
7 жыл бұрын
He was fine with making money off of the failure of the American economy. He just wasn't fine with dancing about it.
@nicoles_handle
4 жыл бұрын
charlie's dancing is my new religion
@fhaddad3
2 жыл бұрын
the real question is are we headed down the same path??? and please how can I take advantage?
@SmokeyBCN
2 жыл бұрын
without capital and tailored financial advice there's not much. make sure you can live at least a few months with no incoming, stock up on necessities, then with the rest invest in gold and metals, avoid any sort of credit lines and store surplus in cash. there is money to be made in any movement, but as you see in this film even experienced traders get shat on by the ones up the chain. They want you to make silly trades out of fomo, and will take any chance to trip you up. Don't play their game.
@pogiboy3571
2 жыл бұрын
Brad was BRILLIANT on his role.
@suzclayton783
5 жыл бұрын
I LOVE THE CAESAR'S PALACE VENUE.
@StrangeDaysGaming
2 жыл бұрын
15 million here, 40 million there, who knows how much else on a 200:1 payout. Goddamn.
@joblow626
7 жыл бұрын
I know absolutely nothing about Wall Street... anyway I love a movie that makes you think.
@rajas123able
4 жыл бұрын
Watching it today... Having puts sold... Mark the day...
@sidharthchand8072
4 жыл бұрын
In accidentally wrote the put and still made money
@rlatjdwo1
7 жыл бұрын
Hello everyone, Here is the playlist where you can watch all the clips from both Margin Call (2011) and The Big Short (2015) in the chronological order: kzitem.info/door/PL_eGtR10uhM33lgUrczfm7uZUXCh6a6Zx I would like to thank those who stuck around to see this series through. Please like, comment, share, stay tuned for more series in the future! Thanks
@jeffreyluciana8711
Жыл бұрын
"The banks will think we're high or having a stroke"😆😆😆😆😆Everyone in this movie should have gotten a best actor
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