Intriguing but we watched New Years eve in a theater where they served drinks and I was into my Vodka sodas. Great acting, I thought the movie, for Hollywood anyway, subtly did blame government, but did it even handed, basically the government did let this get out of hand, when the dust cleared nobody got in trouble ( yet it was clear they had disdain for the government for bailing out banks and big finance companies that let it happen). A few people got rich at the expense of the individual. As a movie goer it made you sick of both.
The history they went through would have made it hard to just blame Bush and quite frankly not trying to make a political point made it that much better.
Great movie. The scene when Bale went into Goldman Sachs was priceless...true or not it was funny. I know Goldman was selling bags of dog poo in disguise and shorting them but I believe that was much later.
Very accurate!
However the government required, regulated, and legislated the banks into writing those worthless mortgages.
And that’s how they ended up in the swaps- what else were the banks to do with them but what they always did with mortgages?
The movie described how this was an established practice but just ignored why it became dangerous, IMO they fostered the impression that the banks and investors created the empty mortgages on their own.
But it was an enjoyable movie , good acting and writing, fun believable characters.