The Big Short (2015) - Mark Baum: "I Say When We Sell!" [1080p]
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- čas přidán 20. 11. 2016
- "Kathy...What, what is happening?"
"The long exposure is.......15 billion."
"Jesus"
"I SAY WHEN WE SELL!"
Mark Baum (Steve Eisman) learns about Morgan Stanley's Long Exposure - Krátké a kreslené filmy
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Steve Carrell is so good in this movie that you forget he's Steve Carrell.
yeppp perfect character i laughed my ass off when he barged in the meeting said some shit and then left and kept rambing on about that douchebag ceo im kinda like that lols
Maino1 Maino1 Exactly. Perfect observation.
at 0:35 mark what is he congratulations her what object is it and what is it. i have bad eyes and worse net.
He's prison Mike!
+stupidminotaur It's a breast pumping setup. She must have a new baby.
I..declare....B-A-N-K-R-U-P-T-CYYYYYYYY!!!!!!!
You can use the surplus for the copier or new chairs.
Best reply
PERFECTION.
We're gonna go out there during this break and we're gonna come back with a plan, a 45 day plan, 45 points, one point per day, day 45 we're back in business!! I LOVE YOU NEW YORK!!!
I just wanted you to know that you can't just say the word bankruptcy and expect anything to happen.
"Long exposure is... 15 billion." It must be a new experience for Baum to find out that his most pessimistic predictions were so far off the mark.
15. Fucking. Billion. ...What the fuck?
Greed has no limit...
"Off the Mark" HA ! Nice pun
“Long exposure is.... 15 billion”
You might say she dropped the “Baum”.
I’ll show myself out...
You guys seem to know your shit, can someone help explain what that statement means? I tried google but did not get it
The writing in this was amazing, when he congratulates her on the baby and catches her off guard it humanizes her so much and you can see Carrell's character is truly a good person.
There was no baby
@@AA-xk1uv She had a breast pump in her purse. That means she is breastfeeding.
@@mannmuzo1847 Umm women dont usually carry around Breast Pumps just for shits and giggles and in the movie she was pregnant in the beginning.. ROFL..
I thought it was interesting, how the stress of work reduces hard working people into robots focused on their business. After all, she only gives brief answers before returning to her work.
Michael Scarn is not to be trifled with, but is a good person.
Call me crazy, but this was the greatest performance that Steve Carell's ever done.
JimmySteller ever watched the office?
This performance is so much better than his work in The Office. He got robbed, Leo didn't deserve it.
Hes good in foxcather
You forgot about Michael Scarn in threat level midnight
Best dramatic performance for sure. But you forgot about his role as Micheal Scarn in Threat Level Midnight. That may be is best performance of all time
My dad committed suicide during this time. He was a 60 y/o carpenter with a small business while flipping houses on the side. When the housing bubble burst, he couldn’t sell the house he just flipped, and the two mortgages were too much to handle. Business slowed to a halt, he had no money coming in, and he thought my family was going to become homeless. The guilt turned to depression and then the depression unfortunately turned to suicide. It was tough but tbh, we all saw it coming. He was in deep despair for about a year, and he could barely function anymore. I was 13 at the time. I’m 25 now, and I’m currently a risk analyst at a commercial bank.
I have no mean intention, so forgive me if I come off as offending, but isn't it a little ironic that you are a risk analyst at a commercial bank? Being that the banks, and more specifically the analysts, traders, and their big wigs are the people who caused this (at least in part, there is definitely blame for the greedy consumers). Do you see it differently? Sorry about your father.
@@rockbranchlaw7931 It is ironic. No offense taken, and thanks for the kind words at the end. I’ve thought about it a lot and came to the conclusion that I don’t have a moral dilemma as I believe the regulators were the *main* driving force in the housing meltdown.
Everyone has some form of motivation that’s driven by greed, including my father that was making a decent living but decided to flip houses for more money. Greed is a part of the flawed human condition and it’s not always about money. How many people cheat on their significant others? How many people have cheated on a test when they knew they shouldn’t do so? When you get broken up with or get kicked out of school, in hindsight you realize how stupid/greedy you were. We aren’t very good at self regulating, especially when the risk seems minimal at the time (like the housing market crashing). It’s easy to point fingers when things go wrong, but it’s important to understand that hindsight is 20/20. We’ve all done stupid things when we thought the risks were low. Unfortunately, this part of the human condition also expands into the corporate world. After all, corporations are governed by humans.
At the end of the day, we all need to be regulated. Without a legal system, would society advance to where it is today? As a risk analyst, I’m a part of that regulation. To make sure my company and the clients we serve, like my father who lost everything, won’t make the same mistakes that happened in 2008. I think people are too quick to view the finance world in a bad light without even understanding what it is that we do. I’m sure there are plenty of people that think I’m just a greedy banker when they find out I work in this world, so be it.
Horrific story J.D. My condolences to you and your family.
I hope things got better for you.
@@GordiansKnotHere thanks, it was over ten years ago, and things are great now. Bad things happen to all of us, and many people have it a lot worse than me.
RIP to your father, good on you for working for a bank, they are the only ones who win in this new economy, good luck with your future.
I turned 18 the year this happened. All of my peers and I, all our expectations of the world we were entering into, evaporated, overnight. Our parents couldn't help us pay for college, the rental market was absolutely swamped, entry level jobs were impossible to find. My whole neighborhood, at least half the homes were up for sale. My neighbors on both sides lost their homes, the houses went up for bank auction. My friend's dad killed himself because he had lost everything and figured that the only was he could support his family was through the life insurance payout. It was a terrible, terrible time. My mom got cancer that year too, and I don't think I've ever seen my parents so broken, between the two twin calamities. We cannot forget what the sleazy underbelly of the wealthy in this country did to us. They ruined millions of lives in pursuit of an adrenaline high and fast boats.
It's time for some consequences for these people.
Same here. I turned 18 and was going to college and had everything crashed
20,000 people In college fighting for 1 class the next year. Had to drop put because parking was insane. Had to be in class 4 hours early to find parking, then class was so full you couldn't get inside and hear the lectures. So you would miss class and get dropped. It was total chaos. This was in L.A
Who defaulted their mortgages and started all this tho?
@@SuperTsogo You're seriously coming away from this movie with the take that this was the people's fault?
and they'll do it again. Saw a graph the other day that we're averaging 1 trillion dollars of puts per day, they're already getting ready for another collapse.
kathy: "The long exposure is.......15 billion."
mark: "No ... NO.. NOOOOOOOOOOOOOOOOOOOOOOOOO"
n. kelati NEIN NEIN NEIN!
Just like when Toby came back to the office.
Paul Schober Toby invented CDOs
Hey Kathy I have an idea, why don't you leave right now +
I finally got the convo with Kathy
So Benny bought BB and BBB swaps, just like they did. But because the premiums on those swaps were costing too much and the overall profits, Benny decided to issue swaps on the AA and AAA tranches. He thought that the upper tranches would never fail, so it was a safe bet, but because he issued so many of em, he actually lost the bets and owed more than he was going to gain. So his gain would be $5 Billion, while his loss would be over $20 billion, thus the long exposure of $15 billion.
Correct. Also the payouts for losing on the AA and AAA were exponentially higher. IE the B's probably paid out 10 to 1 while the higher traunches were 20/30 to one. Also you would have to issue a lot more of the Higher quality to match the bs
Thanks for the explanation, can you also elaborate on the selling part? Why he wants to wait?
@@gozdea5548 Mark knew that if he sold them, he would be just like the rest of the idiots who caused the mess. Mark knew what would happen and would profit from the crisis. The whole movie he has a superiority complex and somewhat of a hypocritical approach saying "We're not like them" But they do the exact thing like everyone else, make money on Wall Street.
@@ThePumasboy300 thank you!!!!
@@gozdea5548 In my opinion they don't agree with the price. So basically the product is kind of a binary contract, so if 7% of the underlying bonds default, the would receive lets say 100 million USD. At this moment this has not happened, as otherwise they would reveive that money, but the probability that this event happens, has increased, so the price of this "insurance" has increased. In this scene the price is 30 cent per dollar, so they would receiveve 30 million. The trader argues the should do this, as otherwise there is a possability that otherwise Morgan Stanley can not pay the 100 million. But Baum says the true price should be 90 cent per dollar, so he wants to wait until the market offers this price
The longer I work in finance, and the more times I watch this movie, the more I appreciate its genius.
Currently studying bach in finance, dying in accounts currently, but still movies like these keeps me motivated to keep studying to understand at least the rest 30% of what they are talking about
"Margin Call" is another great flick :) not as granular as this but another ensemble cast :)
It’s not just genius, it’s a premonition for every single decade.
Wel buckle up something like this is happening all over again since we bailed the banks out.
Don't forget Margin Call either.
when he talked about responsibility, he took his acting on another level. what a talent!
Soloist Deve I watched that part so many times over, you can watch his face and see his desperation and exhaustion turning into frustration and rage, just from that single word. Even saying it out loud makes him madder. Its Incredible acting.
So Sexy Miss Robinson the English teacher is standing in front of you waving her stick provocatively when stating " Its pronounced - another level - not, an another level".
at 0:35 mark what is he congratulations her what object is it and what is it. i have bad eyes and worse net.
It's a device used to filter the milk out of a woman's breast to make it more pure for a baby. Mark is implying that she had a baby or is going to have one soon so he is congratulating her for that.
at the beginning of the movie Kathy was pregnant, he is congratulating her for the newborn, and the object is a breast pump
Steve Carrell could easily have won an oscar for this role.
Sadly he didn't even get a fucking nomination
@@BirdofKino pretty sure this movie went over the heads of most people, so it's unsurprising.
@@waffleshortage4010 The Best Adapted Screenplay Academy Award says otherwise.
Movie was too much of an ensemble to garner the votes
Too many actors could have won in this movie Carrell, Pitt, Bale...probably split the vote. Gosling wasn't great but he would have been Best Actor since he's the lead and it's tough from there, the other three have equal billing.
"Please tell me citadel doesn't hold the contracts on these GME shorts"
Melvin capital: "long exposure on gme is 15 billion"
DFV: I SAY WHEN WE SELL
except he's never fucking selling. his cost basis is 12 usd. If the stock crashes back to 13 usd he'll still be up
@@TheHighborn We hold the line.
$7K!
WE
LIKE
THE
STOCK
@@TheHighborn Also, he liquidated about 13MM. He's set to ride this train as far as it goes.
He spoke to the waitress like she was TOBY from HR
If I had two bullets and I could shoot Toby or Hitler I would shoot Toby twice!
The long exposure is ....15 billion.
NOOO, GOD! NO, GOD, PLEASE, NO! NO! NO! NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!
oh god... you could deepfake steve from The Office into his character in The Big Short so well because they are the same fucking guy lol. it would be FANTASTIC
😂😂
Steve Carell is totally killing it in this scene !
Daniyar wj
Daniyar I am is working on e
Killing it, or just screaming? How do you tell the difference between a great performance and ham-fisted overacting?
@@russg1801 You can feel the pressure of his every single words that emphasized how making a wrong decision at this moment would make them lose it all or get 300% increase in equity. If you truly put yourself into that place, you would absolutely tell other that his performance is terrific.
@@russg1801 why u crying?
Steve Carrell in this movie… He sells the gravity of the entire thing. I have never seen an actor just wear THIS MUCH silent pain on their face, this bubbling disgust and disappointment that only gets calmer, more cynical and more hopeless as the movie goes on. He deserved to be nominated for this.
Hold strong brothers. We're in for a ride.
all hail to Gamestop
No platform dares halt buying shares now that Robinhood is getting sued and the politicians are asking for an investigation!! GME to $1,000 if you really want them to feel the pain.
@@zechmerquise5281 that wont matter. If brokers cant cover profits and buy ins because they dont have the capital, and the company ABOVE them doesnt have the capital, they will halt trading again so they dont go under. If they dont, whole market breaks
💎👐
@@popballard11 same. Gonna be a great week 🚀🚀🚀
michael scott has really grown as a manager since he left under mifflin
You have no idea how high I can fly!
He used to be so peppy now he’s so mean and angry.
God dude. How about you come up with something fucking original?
Not even the same universe. What a bottom of the barrel joke.
bruh
WE LIKE THIS STOCK
There needs to be some recognition for Adepero Oduye, the actress playing Cathy Tao. The way she performs such a tense scene with Carell at his best is just spectacular. I was glad to see her recently again in "The Falcon and The Winter Soldier".
Totally agree mate....! I didn't knew her before, but I love her acting in this brilliant and important movie!
Bye caaaaaaatheeeeeeee in another scene was hilarious
That’s why she is familiar to me!! I kept thinking “where have I seen her before??”
@Peter Angles damn chill homie hahahahaha
Steve Carell does the best "HEY!"
It's the nasally-ness he gets in it
Yeah sorry I was on the phone with my mom. She asked me what horses like to eat and she couldn't hear me.
"We're *TALKING!* Please..." - so exhausted and frustrated, he barely has enough energy to maintain manners any more, even though he tries ever so slightly. Kudos to Steve - of the few serious roles I've seen him in, he nails them pretty damn hard each time. Same goes for his face earlier at the 15billion comment, or his constantly growing frustration-level at the dinner-table with Mr.CDickO Manager.
I like to imagine he apologized and left a bigger than usual tip.
This is the best part of the movie. "We have a fiduciary responsibility" "No, no we don't! No one is acting responsible, Fuck responsibility our you kidding me?" That's deep
They do have a fiduciary responsibility, though. They cannot legally do something to screw their clients or neglect to do something to protect them (assuming legality).
@@puremercury The thing is, if he's right, then their investors make more money. His motives may be impure, wanting to stick it to the banks, but as the manager, he gets to decide how must risk to take.
@@richard77231 That doesn't make him not a hypocrite, though.
@@puremercury fuck responsibility kid..you understand me??
@Hazard Safe lmao. so deep.
That moment you realize that Steve Carell is for real.
And that moment was Little Miss Sunshine.
I swear bro i felt the same
I know you havent seen Steve in non comedic roles but just watch the office, it will tell you how good of an actor he really is.
Insane, hes amazing actor
My favorite quote from this scene is "we suffered some losses, but our liquidity is strong". Same quotes we're hearing in 2023.
the next time this happens, and it will because nobody learnt any lessons the first time... there will be no bailouts.
@@MrSpacepauls lol yes there will be, and ordinary people will foot the bill, just like they did before.
🙄
@@MrSpacepaulsHere's how american economics works.
1. Numbers are fudged to make things look better than they are.
2. Promises are made by the government to foot the bill when the penny drops.
3. Banks and brokers run buck wild with money that doesn't exist.
4. The penny drops.
5. The government prints money until the books balance out.
6. Rinse and repeat, only with bigger numbers next time.
That waiter interruption was so accurate lol, they really come in the least appropriate time 😂
Don't want to be bothered? Don't eat out, prick.
Lol 😂
Really rude though
@@abdvs325 Two sides of a story
@@abdvs325 He said please and excuse us... This was clearly an extremely heated conversation and the waitress picked an awful time to ask about appetizers.
GME brought me here.
Yes!
This script is like an Aaron Sorkin movie if it was written by comedians. It's sharp, witty, full of colourful characters and riveting dialogue that is on a traditionally dull topic however the weight given to it makes it tense. The drama hits hard. But the more comedic elements are played at just the right moment to give audiences a breather.
This film got me into investing.
I realised the "experts" are morons but the people who take the time to look get the sundae.
Teach me
@@johnnysack2404 haha good point, and those people will be worth more money than I ever will!! I suppose the truth is that when there is a chance to make easy money, people will take it, damn the consequences, and that upsets me more than the whole "economic collapse" thing. What I like about The Big Short is that Dr Burry, Steve Eisman etc. put the work in and looked at the consequences of what was going on. That seems like a smart thing to do and it's what investors SHOULD do. Look at what's going on and make decisions from that.
@@johnnysack2404 Well Jeremy Irons who plays the CEO literally asks spock to explain to him as if he's a 10yr old. They were all fucking stupid. They were just really smart at getting away with it.
The real sad thing is that many of the "people who take the time to look" are actually like that CDO guy...
Trusting a movies presentation to judge the actual people. When something tells you something is that way, you will tend to trust it. Example, this movie, you guys just trusted it. So if a very smart person with a lot of background and education and confidence says "No, this is perfectly safe, you should do this, let me explain all the ways it is safe and fine", you're going to trust it.
Just like they did. Be smart enough to know that you're not actually exceptionally smart. That the greedy people you're calling idiots, could be at least as smart as you. And it doesn't matter.
@@FFKonoko a fair point. Always read the fine print, get a second opinion, don't take somebody at their word, all fair enough. The movie was what got me started with the idea of investing. I bought the book, as well as 3 others on investing, and try to be as sensible as possible (which is hard haha!). Education is the best place to start. As depicted in the movie, those people were idiots. Hollywood of course simplifies things for audiences. They will definitely be smarter than me, however I've never cheated a system in order to line my pockets. Maybe that does make me an idiot.
THE BIG LONG 2021
The Big Short squeeze more like
@@brolint8067 nah literally the opposite of The Big Short
A couple of guys got on early... and waited for the Long ;)
Then it went viral!
@@pewlivepie5006 do you know what a short squeeze is?
A studio has already bought the rights to make a movie about the gme squeeze
HOW in THEEEE F*** did Steve Carrell NOT get an Oscar for this scene alone?!?!?!
💎💎💎MY HANDS ARE💎💎💎💎🚀🚀DESTINATION? TO THE MOON🚀🚀
HOLDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD
TO THE MOOOOOON 🚀🚀🚀🚀🚀🚀🚀
People are saying 7k this is fud in this comment section
It feels like the effects of the housing crash in 08 rippled outwards and we are still feeling them today. When that many assets and that much money evaporates overnight, you alter the world economy forever. Some people never recover. Some people die, actually.
last place I’d expect to run into you lol
Exactly right! They never solved anything. They just printed money. Now we see it in inflation. So all the years of increasing costs with no wage increases is what’s paying for it. But now we have another crisis and little room to move. Each bubble is worse and bigger than the one before
You're not wrong. Lived in northern Philly, watched people's lives evaporate at 14. We moved and couldnt sell our house until 2014 and we moved in 2008.
I'm sorry about your mom Jon, I saw the video; I hope you are able to get everything covered, and I pray that you'll heal from this loss.
That last sentence is actually said in the movie, I believe. It was a scene with another Banker, who was shitting on the two younger guys for being happy about making money off of the collapse.
The sad reality is the next bubble is going to be absolutely destructive. The USA during this time was $10 trillion.. it’s at $34 trillion now. Hold on to your bags and hats cause it’s gonna be hell on earth for 20 years
Kathy: "Thanks for coming so quickly, Mark."
Mark: "That's what she said."
First Republic Bank: I just wanted you to know that our liquidity is strong and there is no cause for concern.
the little bit of screen time this actress received was totally optimized by her. i love her believability and micro expressions. more of her in a lead role please
No.
@@MassEffectFan113 hells yes
@@MassEffectFan113 Why if I may ask?
a detail that I did not notice until now was when the camera pans over to the bottles behind her we see the Harvard diploma. Very nicely placed, as if to solidify that even if smart, ignorance and greed clouds that.
HOLY SHIT! Good eye!
A Harvard degree is useless shit. Conan went there, and he said that it would have been no difference in what he learned if he had gone to any other college.
If you ask me, all college degrees are fucking useless. Nobody gives a fuck about how good at a specific math subject you became, or your understanding of physics. Companies use your diploma and CV more as formalities rather than what you're actually good at and capable of.
If you wanna get anywhere in this world, the way they show in the movies, then it's all about reputation and contacts. It's the reason rich kids always get high paying positions, even though most of them are dumb as fuck. It's also the reason really intelligent and gifted children born in poverty, still struggle for most their lives. And at best, they wind up in middle class lives.
Modern society is just one big fat ugly joke. I'm sorry for the negative outlook, but it is pretty much the truth.
@@Dead-cg1yy so true.
@@Dead-cg1yy in short of what you said though i am pursuing a degree I look at a degree as an expense and then look at people as assets.... damn that's sad
So long as data from the Bureau of Labor Statistics supports degrees leads to a higher median wage, this comment just doesn't hold up.
From 40 Year Old Virgin to this? I'm sold.
I’ve watched this movie 30 times. Could watch it another 30. Fantastic.
3:45
we are going to wait
we are going to wait
we are going to wait
until they feel the pain
until they start to bleed
Heh, I've just noticed Cathy's secretary's defeated attitude for the first time, and how she just waves Mark through to Cathy's office. It's like "She's on the phone and I should probably tell you to wait until her call ends but fuck it, who even cares anymore?"
The secretary was laid off, just like 60% of the firm (for starters). Kids nowadays.
This clip reminded me of what an outstanding film this is-depressing, but outstanding.
What I really love about the "fuck responsability(...)" and the following lines is that it's a genuine battlecry of all the common people who lost everything in this mess. Every word said in that specific tone of his gets us to fill the anger of everyone who lost their homes, money or else and were still asked to keep their lives polietly, civilized, responsable like no one in the high tables and lobbies had something with all the shit that happenend.
@@REB4444 It wasn't just THEM who got affected. It affected *Everybody*. The whole system was trying to mass manufacture those mortgages and pass them along, at what point is it a SYSTEMIC issue and not an individual one? When they're given a blind eye to shove things through to people who saw a deal too good to be refused, mis LABEL them, GAMBLE them, and then get PAID OUT at the end? Even the people who WEREN'T involved were HIT. PENSION funds for my grand parents, who had to crawl back to work, who played every card right, and ignorant fools like you still think that the small people are the real perpetrators. Go swear your soul to the devil and formalize it already
@@comradesillyotter1537 No snowflake in an avalanche ever feels responsible.
Common people were just as greedy tho.
If you're a minimum wage worker, and you buy fucking 5 houses because you think the market growth will pay your premiums?
Then you're a greedy fuck and you deserve to lose everything.
@@ninjagold9244 Where is that from?
@@hiya2793 it’s not just people who bought five houses with mortgages they couldn’t afford who were affected. People who never bought anything on mortgage were affected because the whole economy was wrecked. Many people’s 401k, savings, jobs, businesses, were gone, when they never participated in any of this.
After seeing the metaphors in other great scenes (the "mugging" with Michael Burry, the "blind" rating agency rep) I finally got the one in this one:
The banks were "milking" this as much as they coould.
This movie is a masterpiece.
The acting is incredible, and the financial aspect is explained so well.
Steve Carell is one of the most talented actors I have ever seen.
“Nobody acting responsible! Fuck responsibility, are you kidding me!?”
What an amazing delivery! Filled with frustration and despair.
solid acting steve.
It's almost as if all these men are actually the different parts of the same man. Steve is the consciousness of Mark, and his friend arguing is his idealism. And he is wrestling with this decision. He finally says "enough". Amazing amazing scene.
Bingo. You have just cracked the code of GOOD fiction and character-driven plot. A good writer uses his characters as mediums of their different perspectives, sides and internal conflicts. That's why something as far, removed and technical as a movie about financial instruments speak to our human condition. It's all about characters representing perspectives with nuance.
@@farvezafridifaizurrahman6980 Exactly. Spock and Bones are simply the two sides of Kirk's personality.
Steve Carrell is unreal in this film
"the long exposure is 15 billion" Steve's "holy shit" face was so good in that scene.. Jesus.
The fact his mouth moves but he doesn't say anything too... it's that's shock that's so strong that you lose the ability to speak or think clearly.
Interesting how when Steve Carrell's character offers her congratulations, she is confused. She (presumably) has a new baby, and it's barely on her mind.
To be fair, she's in work mode dealing with the biggest economic disaster since the Great Depression.
It reminds her that there are more important things in life
@@JimmySteller Nope not to be fair these type of "career first" women terribly neglect their child in attention, love or just being there and present with them instead of a paid nanny...
@@jabronisauce6833 Would you say the same thing if Cathy was a man with a new child? Would you lecture him for being a career first dad?
How the banking industry has changed! When I started working for a credit union in 2014, they were STILL feeling the effects from 2008. When the crash happened, they had to watch EVERY single penny. Lights that weren't being used needed to be turned off and every pen had to be accounted for. Every single call center agent had to also become collections agents. Things were EXTREMELY precarious for years, and there was no bail out from the government. All employees who worked at two branches that closed were offered a transfer. It was NOT fun times.
Steve went mental in this scene. Great job
This is on UK Netflix atm. VERY good film.
sattfield a lil confusing tho even with all the examples. IMO
Oh yeah for real. Without those little cutaway scenes (Margot Robbie et al) I'd be lost under the technicality of it all.
sattfield lol I find them over simplified and patronizing lol
+sattfield Assuming you're from the UK, I'm curious to hear what your thoughts on the recession after watching the film since it's deals heavily with American economic concepts. Not that you'd be completely unfamiliar with our economics as both the UK and the US are capitalist countries, but I don't know what the specific differences are.
Prepare for the next crash
He's made a bunch of movies and was the greatest character in The Office, but this is the most important scene of Steve Carell's career.
Steve Carrell was amazing in this movie. This scene gives me chills every time
Mark: please don’t tell me it’s more than 4 billion. how bad is it? What is happening?
Evergrande (2021): The Long Exposure is…..350 Billion
China's real estate market? $62T...oh yeah the pain is coming
@@josephlopez4871 how'd your doom-mongering work out?
I wish there was a sequel to this it was so good. Ryan Gosling character is so funny too.
You want a sequel? Wait till 2024
I think they're actually planning a movie about the Gamestop short squeeze.
We'll see a sequel in 4 years if Kamela Harris gets to finish the last two years of the Biden Presidency.
@@thwwoodcraft1449 😂😂😂
There will be, but it hasn't happened yet, so no book about it...Yet.
This was one of the best scenes. It showed that maybe it wasn't such a slam dunk no brainer decision to short everything, which was the case for most investors. This movie is infinitely watchable.
"no we don't. no one is acting responsible"
Possibly the key scene of the film. This is what it's all about, Baum's observation of the two sets of rules. Society's rules, or the bank's rules. You can play fair, be nice, be responsible, care for those around you. Or you can behave like those in finance behave. Baum knew what the banks were doing, he knew how they were harming society, and he knew that they were getting away with it. It was the fact that there was zero recourse, no way to hold them to account that really go to him. That was, until Jared Vennett walked into his office.
All of a sudden, he had a once in a lifetime opportunity to get back at them, to hurt them, to make them feel a bit of the suffering that they put millions of people through on a daily basis. He was going to play by their rules for once. To hell with any sense of greater responsibility. He was going to use the means at his disposal to make them feel as much pain as he could. As for him getting rich out of it, that was an added bonus.
Actually all this happened b/c the government insisted that the banks give out loans to any minority looking for housing regardless of their ability to pay it back. This cascaded into the banks throwing all standards out the window and lending money to any moron wanting to buy something. Sort of like the way the banks have been pressured into lending student loan money to any idiot looking to blow 100k on basket weaving courses figuring they'll be making that back in a few months after graduating. Only, of course in that case, the government made it impossible to default student loans via bankruptcy.
Try to remember this is a movie. You are seeing what the screenwriters want you to see.
@@barbados3592 it had nothing to do with minorities, just people who would grab a mortgage that they couldn't pay off
Are you aware what fiduciary responsibility is? Not being a smartass, I'm genuinely asking?
Cause at this moment, Baum was more corrupt and acted, with intent and knowledge mind you, against his clients best interests.
If his firm has a fiduciary responsibility agreement with their clients, at this point and with this decision, he was as guilty as the banks of criminality. If not more so, as he was acting on personal interests and against his clients best interests, after being reminded of his agreement.
@@samhansen6320 This is the whole point of the scene. Baum knows what he is doing is wrong. He knows he is going to screw people over and most likely make a fortune from doing so, and then get away scot free. And his whole attitude towards it? Good, where was the fiduciary responsibility of the banks those past 20-30 years? Vennett has given him this opportunity and he's not going to waste it.
Is he a hypocrite? Yes, but again, he doesn't care. Since again this is the fundamental point. He is no longer playing by society's rules. He is acting how the banks act. He is holding up a mirror to them and showing what happens when everyone else behaves like they do, and it is not a pretty picture.
@@marktaylor6491 that's incorrect sir
In this instance he would lose money also if his clients did. He is electing to wait to sell in order to sell for more than they would get now, because be wants to dig in the banks aa much as possible for personal reasons.
Anyone who routinely has intense business lunches can relate to his reaction when the waiter interrupts. LOL
this episode of the office was intense
Place your bets, Wall Street Bets here! Pick up your GME stock!
This movie literally made me sick.
Left the cinema furious
DaFiresMen
Wait for the movie on the upcoming mega-crisis, it will dwarf 2007-08 ten times. Sooner or later someone, authorities with guns, have to stop these financial cretins from ruining billions of people.
@@sandrobindelli5607 There will be no movie as the crises will be so bad 83% of the population will die off. Shit is about to hit the fan. Get your bomb shelter, food, weapons, ammo, water, power, masks, etc.. NOW.
@jack brandt that definitely ain't it chief
@@1deadbeataffiliate825 betcha feel kinda stupid now huh
Imagine eatting at a restaurant and all the sudden listen someone scream: HEY! I SAY WHEN WE SELL
No one even turned around at the other tables. That had to be an editing mistake. Surely someone would have looked over at the crazy man yelling that.
"Hey, hey, HEY! I SAY WHEN WE SELL!."
That's me holding on strong with AMC
Dude amc is a Citadel trap
They took the buy button away, I take the sell button away
Amc strong
I’ve seen this movie before but I forgot she said $15 Billion. When I heard her say it again my stomach dropped
HOLD THE LINE
I have seen Dozens of horror movies over the years but this is without doubt the scariest movie I have ever seen.
I'm excited to watch the Canadian big short
I have never held so much respect for a movie I understood so little of
The more you watch it, the more you understand it.. GREAT MOVIE 🍿.
Great scene and movie with a rollercoaster ride of emotion.
Steve Carrell does "HEY!" just as well as he does "NO!"
Reading these comments, I’m sorry for the people that lost everything; including family members. My parents were immigrants who worked manual labor jobs and in 2007 we finally were able to buy a house. Lost the house in a year, and jobs were hard to find. I was 17 and had to stay at my fast food job till I was 22. That was about it. We basically didn’t lose much cuz we didn’t have much to begin with. A struggle then but I’m realizing; a blessing in disguise now. Go figure
I hope you're doing better now.
I’m studying for my Series 65 exam now. This movie is pure gold.
This was easily Steve Caroll’s best role. Awesome
Nope. 40 year old virgin still tops the list.
This film should be required viewing in every high school in America. There should be discussion groups regarding tranches, cbd’s and all that other greed head crap that almost broke the world!
2:19 That feeling when the actual situation is so much worse than you possibly could have imagined.
The stare Baum has just oozes confidence and anger.
But on the bright side, the US government came in and bailed all the banks with $750 bn. The public picked up the bill and everyone (except the tax payer) when home happy. A happy end. Spring 2019, 10 years later we will have episode 2.
Thanks Obama
@@janetsminten8196 it was George Bush's government that issued the bailout.
There is no indication that there will be a recession in 2019.
@@Dan.frampton LOL they polled American's and major business leaders and they all voted we are going or currently in the start of one.
@@vivi44 no they didn't. If we were in the start of a recession the US markets would be receeding hence the name "recession". I get that there has been some turbulence but US equities are still very much growing. What would I know though, I'm only a financial adviser...
Steve Carrell is amazing - just look at the stress and worry in his eyes through that first scene, looks damn near real as it gets.
WE DONT SELL. LET THE BOURGEOISIE FEEL THE PAIN!!
Bourgeoisie is the working class. Make the rich bleed!
you realize a bunch of firms are already planning on shorting GME when the stock jumps right? Then they issue their new shorts on GME then when the stock crashes (which it absolutely will) they will make fucking bank.
@@ryanharris5045 one hedge funds short squeeze is another funds perfect short
You *are* the bourgeoisie
I like Steve Eisman’s foresight of the bailout, which is why he bet big and said “Wait.”
Steve Carrell was friggin AWESOME in this movie!!!! One of thee best of all times!!!!
This movie has to be made mandatory viewing in schools across USA.
"The long exposure is.......15 billion." i wish there'd be a longer reaction scene to that
Great acting. Must be all those lessons at improv.
The complex, arcane nature of something so simplistically terrifying was beyond the comprehension of most people just trying to live their lives. This film, with its incredible script and amazing acting, did more to help people understand the real world they live in than any politician or classroom could ever do. I just wish more people saw it. Maybe things would be different today, maybe there would have been real accountability, maybe there wouldnt have been a $5 trillion tax break for the rich in the 2019 Tax Cut that promised to add $1.8 trillion in "trickle down" revenue but instead added $2.3 trillion to the national debt and did nothing to raise GDP. The rich just keep gaming the system while the rest of us pay the bill. Like always.
that is simply because the rich own the system. Even if you get back at them a little, in the end, its still theirs and its still in their hands at the end. Its capitalism. Other countries have different systems, and different people own the system. Either the government, either private business, etc. The government isn't owned by the people, it's owned by the rich. That is why they are rich. It's like some rich people own a S&M shop and you've been tied up in the basement your whole life. For a minute you get free and they are held down and they go "you have 10 minutes, do with them what you want." in the end, they still own the shop, all the devices, and are back in charge after you are done with your revenge.
"We get 30 cent on the dollar"
"They're worth 3 times that."
🤔
"Look, I get that this is personal for you but we've got responsibility..."
"Fuck responsibility, nobody's acting responsible."
Bruh, I got an ad for USAA bank on THIS video 😂
Actually USAA is considered America's "good" bank. It didnt take a penny of the bailout money because it didnt need to. They weren't involved in CDO trading. USAA isnt publicly traded, and only serves military members and their families, the vast majority of which are middle class citizens and not greedy elitists.
Steve Carell deserves more than an Oscar for this role...
Thanks for uploading! God bless :)
That absolute dumbfounded silence was the loudest response possible…
I love the little happy relief that Cathy has had a baby, it's supposed to show us that there is more important things in life thn money.
The death glare at Vinny by Mark at the end is epic. That's a definite "stay in your fucking lane" stare.
Diamond hands💎🙌🏻
1:48 CZ talking with Bankman on the FTX deal