Watch full the big short 2015 movie online. The men who made millions from a global economic meltdown.
The money smelt, and earned, by the adventurers of this story of the real-life 2008 world economic meltdown is arguably tainted by bad karma. Based on a book by Michael Lewis, “The Big Short” is about how several traders and hedge fund managers made fortunes because they saw that the housing market’s decline would cause a collapse of bonds contrived from sub-prime mortgages. The terminology is both dry and dizzying, the machinations incredibly convoluted. The main thesis of the story, adapted for the screen by director Adam McKay and his co-screenwriter Charles Randolph, is that as banking became the top industry of the United States, bankers deliberately concocted Byzantine financial tools whose main function was to help the rich get richer and screw over the little guy. You can expect a lot of pushback against this film of the “where do these affluent Hollywood types get off criticizing income inequality” but that won’t mean the movie is wrong.
And it really is quite a movie: entertaining and engaging, but also mortifying; a good alternate title might be “American Horror Story.” The film intertwines three discrete storylines. The first focuses on Christian Bale’s Michael Burry, a trained physician with very stunted social skills whose genius at analysis and numbers-crunching found him running a very successful West Coast hedge fund. After finding some terrifying data within the structures of a large number of mortgage bonds, he concocts a radical idea: to “short,” that is, bet against, the housing bond market, which the banks have puffed up as being unassailable. To do this he has to convince those banks to create a new financial tool, a kind of bond insurance policy. If Burry’s right and the market collapses, he and his hedge fund make stupid money. But for as long as the market stays stable, Burry and his fund are obliged to pay stupid money in premiums.