Margin Call was good but there was no humor in itI just saw the trailer for this movie like 5 seconds ago. It does look hilarious.
Margin Call was good but there was no humor in itThe bubble had to collapse. It was a bubble.
The question was, When?
The fact that it collapsed just in time to throw the election to Obama is the main point of interest.
I really enjoyed the book. I would recommend following it up with “A Colossal Failure of Common Sense” by Lawrence G. McDonald, which shows things from the perspective of inside Lehman.
Read the book. Still scratching my head how the managed a screenplay and film out of that.
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I Read the book - great story - it was bad enough that the government - ie Democrats - coerced banks and mortgage institutions into giving loans to poor people who could never pay them back, creating a housing and bond bubble that eventually had to go bust, but when many of those same banks started betting that the bubble wouldn’t burst by selling credit-default swaps - essentially insurance against the bonds failing - financial institutions really put themselves on the hook for billions of dollars more than they could ever hope to cover - the story of how a few people saw what was coming and made millions off the collapse that ruined hundreds of others is fascinating....
Saw it yesterday and wanted to bump this thread. It was good and did try to educate people about what happened. Pretty much totally left out Carter and Clinton and Bush’s involvement kicking things off for the greed and abuse to take over. I will say probably most people who watch it and have no clue as to what the housing bubble was about will be confused. If I had not been listening to Mark Levin for all these years, who has thoroughly covered this more than once, I might have been lost myself. At least they are telling most of the story.