Author Topic: The Big Short  (Read 1457 times)

Offline toddnkaya

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The Big Short
« on: March 26, 2016, 09:07:24 AM »
This movie was fantastic!! Superb acting, and they through in the perfect amount of filler to make the economic housing collapse entertaining . Don't miss it !!

Offline OldiesButGoodies

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Re: The Big Short
« Reply #1 on: March 26, 2016, 09:33:22 AM »
I liked it too,  worth watching twice.  Ninja loans -  ??? -  most us humans are driven by short term satisfaction.  I saw so many of my friends buying houses during that time that they clearly could not afford using the variable rate (ARM) loans thinking the value would always go up.  When the opposite happened and the crazy high fixed kicked in it was sad to see things unravel.  Crazy decade the 00s.

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Offline bearjew

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Re: The Big Short
« Reply #2 on: March 26, 2016, 01:14:53 PM »
yeah, great movie.  mostly impressed by the music choices throughout; apparently Bale learned to play drums just for that 10 second scene.  He listened to mostly Pantera and Mastodon.

I watched that movie about a week after we closed on our house.  Glad I got a fixed rate :P
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Offline bmwr75

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Re: The Big Short
« Reply #3 on: March 26, 2016, 05:31:44 PM »
I watched it last week.  Making money betting that others will fail just pisses me off.  Shorting and credit default swaps should be against the law........it drives the wrong behavior in society.

Good movie though.
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Offline EmperorNorton

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Re: The Big Short
« Reply #4 on: March 26, 2016, 08:12:42 PM »
The entire casino industry is driven by betting that others will fail.   People love it.
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Offline bearjew

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Re: The Big Short
« Reply #5 on: March 27, 2016, 07:00:37 AM »
The entire casino industry is driven by betting that others will fail.   People love it.

I can vouch for this statement.  People willingly come here and blow their paychecks knowing full well that they will not win anything.
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Offline bmwr75

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Re: The Big Short
« Reply #6 on: March 27, 2016, 09:39:47 AM »
There is a difference though.  When a person goes to the casino they are playing with their own money.  When banks and people issue credit default swaps and similar tools, they are playing with my saved retirement money (invested in the stock market)  and I have no say in the game.
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Offline Sir Thrift-a-Lot

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Re: The Big Short
« Reply #7 on: March 27, 2016, 09:57:45 AM »
There is a difference though.  When a person goes to the casino they are playing with their own money.  When banks and people issue credit default swaps and similar tools, they are playing with my saved retirement money (invested in the stock market)  and I have no say in the game.

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Offline scorpio333

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Re: The Big Short
« Reply #8 on: March 27, 2016, 10:58:37 AM »
Haven't seen the movie, definitely on my list. When we bought the crash came a week before closing and our lender went belly up. They approved us for way more than we could ever afford. Had we not been intelligent it would have ended in disaster. The govt is great at protecting fools unless it involves money. Great example is the buffalo lending commercials, quick way to borrow 10k and owe 48k. That's insane to me.

As for gambling and the lottery, it's a math tax in my opinion.

Offline EmperorNorton

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Re: The Big Short
« Reply #9 on: March 28, 2016, 08:08:57 AM »
There is a difference though.  When a person goes to the casino they are playing with their own money.  When banks and people issue credit default swaps and similar tools, they are playing with my saved retirement money (invested in the stock market)  and I have no say in the game.

I think that we do have some say in the game.  While the overall economy always rises and falls,  we still have plenty of choice in where we invest our money.   Markets are historically risky.   Most of us don't worry about that choice as long as the market is climbing.  The risk that is inherent in the market has to be accepted in good times and bad.  As I approach retirement,  I am planning on moving most of my money out of the market,  especially now that it is back within reach of the all-time high that it hit last summer or fall.    "Buy low and sell high" is a familiar strategy to many here.
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