The Big Short (2015) - "Ali vs Foreman" of the Financial World [HD 1080p]
Vložit
- čas přidán 20. 11. 2016
- "It's that for 15,000 years fraud and short-sighted thinking have never, ever worked. Not once.
Eventually, people get caught, things go south. When the hell did we forget all that?"
Mark Baum (Steve Eisman) speaks against a fund manager bullish about Bear Stearns . - Krátké a kreslené filmy
![The Big Short (2015) - Mark Baum''s Final Decision & The Aftermaths (Re-Upload) [HD 1080p]](http://i.ytimg.com/vi/Bu2wNKlVRzE/mqdefault.jpg)
i would have jumped out of a window if i owned Bear Stearns stock.
Bear Stearns' stock price still would have dropped faster than your free fall.
Russell Lee Massive W
Russell Lee a bunch of people actually did.
Only if you frogot to diversify.
Did anybody jump out windows there?
I was a young, newly married man in 2007 purchasing my first home. I made about $30k/year. The lender said I qualified for a loan up to $250k. I remember laughing out loud and thinking they made an error. Looking back now I realize that was certainly no error.
In 2006 and 7 I had soooo many people telling me I should buy a house instead of rent my apartment. I had been raised knowing that a mortgage was 20% down, 30 year fixed rate, and my savings account was, well, $0 I was 40, living paycheck to paycheck, and had only just emerged from student loans a few years before. I knew that there was no way in hell I could get a mortgage, but I was reassured that “No one does those old-fashioned loans anymore! You don’t even have to put anything down.” I knew that was bullshit and rent to this day. My sister and BIL moved from Vegas in about 2010, and couldn’t sell their house for two years, renting it out until they finally were able to get what they paid for it in 2007.
@@kathyastrom1315 there's no shame in paying rent. Only shame is who we have to pay our rent to.
You were not young in 2007, JD Salinger. You were like 90.
Correction you made an error. They approved you for $250K note. You didn't independently do your own math and approve yourself for a $250K note. also its not approval its selling. They sold you a mortgage and once they made their money dumped it on the open market to leave someone else with the risk. And as Mark Baum said BOOM.
@@writerconsidered "You didn't independently do your own math and approve yourself for a $250K note."
Oh wow, I never realized I could just tell them what I'm worth and what I should get and they'll just fork it over!
The way Baum just ends the whole debate by saying "BOOM," still gives me chills. I was pleasantly surprised by Steve Carell's performance in this movie.
oh yeah, Carell fucking kills the whole movie.
This movie was more terrifying than any Stephen King story. These bankers are the real terrorists.
With this and his Foxcatcher performance, he really proved himself
Tyrunner0097 Was he nominated?
I farted when he said boom
this movie is so criminally underrated it's sickening.
Can't wait for the sequel.
Nobody misses a mark by a hair, end to end.
You may like The movie margin call as well. It's very very good. Same storyline
it got nominated for best picture, i wouldnt call that underrated
Agreed. Amazing movie. It's hard to take a complicated and dry concept and make the story interesting, funny, engaging, emotional, and genuine.
0:00 worst handshake of all time
Lolololol never noticed that until now
loooool awkward
holy shit lmao I never noticed that
Wayne Donoghue Freemason handshake. They do this to tell who is a member and who to help/ trade with. Each different handshake tells your which degree they are of the masons
TheoXaris crazy how it’s right under our noses
Let's do some math, he had 200 million in his stock and the stock dropped 38% from the time they started talking up until the guy mentioned it, so that means he lost 76 million in one short conversation and yet he'd still buy more.
What the fuck is he going to say? "Yeah we're totally fucked, go ahead and sell."
It wasn't his money, he's a a fund manager- He was actually loosing oither people's money and probably not even his fat bonuses which are tied to a miriad of other aspects and investments.
Its the equivalent of losing 38%, had you bought the high, but it's plausible they bought at a much lower price. You never know.
Bezzzzo If it drops 38% you can be pretty sure you'll have to deal with insolvency, which means losing pretty much everything.
+TheLaughIndustry "2% drop can make a lot of people panic." Where'd you hear about that?
This movie should be required viewing for all Americans.
If ONLY!
everybody on the planet.
A lot won't understand.
This movie is so dumbed down and pandering, most people who watch this and think it's "deep" can barely control their own bowel movements.
@@zsedcftglkjh Awww. Look at you trying to achieve even just pseudointellectualism. Get off the high unicorn, sweetie.
I've seen people make seven-figure profits in both declining and rising markets; it all depends on the information and methods used. There is no doubt that the recession and crisis have benefited some people significantly.
I was left holding worthless positions in the market in 2020 because to these market uncertainties, which is why I don't base my market assessments and decisions on rumors and hearsay. Before I started noticing any noticeable improvements in my portfolio, I had to fully redesign it with the assistance of an advisor; I've been working with the same advisor and have scaled up to $750k.
@@danieljackson87 I have been involved in all of them for a very long time, even though I won't pretend to have made or lost a fortune in any of them. If you know of a specialist who offers a range of financial options, please let me know. You can count on hearing from me.
@@andrewlogan7737 Funny that you brought that up since I completely understand. Look into Ruth Loralann Brennan; she received a lot of press in 2020. I'm not sure I can put this into words. My portfolio is also managed by her.
Totally agree. You just make more shorting especially during a recession
He'd buy more because it'd be worth over 1.5 billion today.
The camera focuses on the last guy leaving the room and it is a look of fear and disbelief that was executed to perfection. All the Actors in this move deserve an Oscar.
I especially love the choice of the actor for that man, because...look at him, it's not just an old white dude, the guy looks like he could be my grandpa, you can see he's been wealthy for longer than most people even live. He looks outraged by the simple fact that things are not going his way, as if the world was always supposed to be generous to him... and now he doesn't really know how to react, so he's defaulting to giving a contemptuous look to Baum and/or Miller. At least that's how I interpret it.
Are you guys for real? THATS WARREN BUFFET NOT A RANDOM OLD MAN😂😂😂😂😂
As much as I love this movie, it's kind of frustrating because it always reminds me the exact same thing is still happening.
And average people will continue to be hit hardest by it….
The sheep won't believe you.
They'll call you a conspiracy theorist because that's what the media tells them.
...So, did you take the waxxine?
RIP
Actually, we're MUCH worse off now.
What's absolutely disturbing is most people (even those who have an idea something's wrong) think we're ok
@@Rensune care to elaborate a little more? …. Specific ramifications and consequences, please…. (Honest invitation)
@@DrakeBrunette For starters, the majority of the World's powerful economies have overinflated their currencies so much over the last two years that a crash is inevitable.
And soon.
0:49 The woman addresses Bruce as "Mr. Bruce Miller" but Mark only as "Mark Baum."
0:57 Her extended hand gets ignored by Bruce.
After Mark does shake her hand, she emphasizes “Mr Baum” before he starts his speech.
I loved the small details of the movie.
She is anti-Semitic
@@jiukalita ?
She doesn't extend a hand shake for Mr. Baum. She leads Miller to seat down. After that she and Mr Baum do the hand shake
in great movies it is ALL about the details:
- how Bruce Miller effectively patronize the lady moderator by ignoring her hand for the handshake, and when she expected to be ignored as well by Mark, he looks after her hand to shake it instead.
- how she keeps pronouncing Mark's last name BAUM like the word BOMB, and later Mark picks the mic and says "BOOM!"
THIS level of detail is the kind of things that make you watch a movie over and over again. I don't know how many times I come back to watch scenes of the film. The more time passes by, the more of a masterpiece this becomes in my appreciation
Mark Boom...
I missed that with the handshake. Perfect acting.
"- how she keeps pronouncing Mark's last name BAUM like the word BOMB, and later Mark picks the mic and says "BOOM!""
That's how everyone pronounced his name, so I assume that's how his name is pronounced. Instead, I believe the "Boom" is based on Mark's earlier statement that the banks turned the mortgages into an economic "atomic bomb of fraud and stupidity that's on its way to devastate the world economy". The stocks started falling, leading to Mark indicating that the bomb exploded.
YES ‼️
This is the comment I was looking for…this small detail was super intriguing
Mark sure dropped a baum.
and Bear Stearns' stock price
I see what you did there...NICE!
This comment deserves a award
you could say Baum made his mark that day.
Boom!
That last few seconds is so well executed it's mind-blowing. When the guy asks the Bear question you can see on the moderators face she knows it's a question that could have existential even world-ending consequences. Then he says "sure, why not?" (which is most insane possible response that would make the average WSBer turn greenish-white) and she just stares at him in complete shock like "are you f**king serious dude?". Then you can hear the pure terror in her voice as she tries to close the session with people looking for the Bear escape pods. It's so amazingly executed, subtle and easy-to-miss genius. That's how good Adam McKay is.
everyone there had a come to jesus moment and realized that theyre all responsible for how fucked the situation was
@@WrangleMcDangle And what the bullish speaker said only underscored the problem. No investment bank had ever gone under, unless caught in criminal activity. So if Bear Stearns went down (and it was going down in real time as people were sitting there listening to him), there was no precedent for who else might go down with them. Which they did.
And it's true for the whole movie, every character, every actor, even the unimportant ones appear for 2 minute, every detail, incredible, a masterpiece!
and nobody gives a shit about Greenspan, although he was quite a figure )
I most like the bit at end 4:38 the last shot of the guy turning back, an old finance veteran just looks back to Mark with terror spelled on his face like a nuclear reactor went into meltdown right on stage.
each actor in this movie have portrayed the real life people with great passion. they understand how important it was to let viewers know the real life ppl of this story.
You really should do your research before commenting. They changed a lot of names and personalities, even names of funds and organizations for the film. Example the Jared Vennet character, was not the crass vulgar personality of the film in real life and the real man refused to allow his name to be used for the character in the film because of how the writers changed his character's personality for their script.
The expression on the very last guy's face right at the end of the clip is so great...total disbelief and fear.
Everybody in that room was worth over $1 million apiece even after the crash. Don't feel bad for any of them.
I love that expresion in white collar thiefs. Its like the are getting away from something that exploded very close to them. Hurt and disoriented
@@gusngregg5127 most of those people never worked in the industry again if they were directly involved in ABS sales, packaging and management. Hard to say because they're nameless faces but the guys who really fucked up in ABS are laying low still.
Lmao that was priceless
That truly was a jem in the movie. Even "rage", if I may add, at the blind false bullish narrative.
My Dad lost his dream job when all this went down. They then lost the house the dream home they built for themselves and my 3 brothers. My dad never really recovered because he had no education, he had just worked his way up from the very bottom to a high salary job. I remember hearing him talk about it, that they would always go with someone younger and with a degree. Til this day, I still wish I was old enough to have been able to help him.
I had an uncle with the same situation. truth is these people are writing shitty loans to people that couldn’t afford it and put them on the street. Your pops and my uncle got exactly what they deserved for fucking over average Americans. When the bondsman says he “used to be a bartender, and now he owns a boat”, it literally described my dumbass uncle.
In life there are winners and losers 🤷♂️
Sadly government mostly decides who wins and who loses.
I keep watching Big Short and Margin Call from times to times… they are just so good.
Same
Too big to fail
Same. I'd like to know what date Margin Call takes place in relation to events in this movie.
@@stevee.6725 Yeah same!! I cant but help wondering how soon before everyone else they discovered that the mortage bonds were absolute shit?
@@stevee.6725 I like to think margin call happened the night before brad Pitts young friends went to the news paper. What jeremy irons decided to do is exactly what those two were trying to get public.
4:07 Miller's nervous chuckle and the mediator's utter shock says it all.
That Bill made his fortune back by his early investment in Amazon and Bitcoin. Why the assholes always lucky?? 😡
He owned $200,000,000 in stock. It's value had just dropped 38%. So in the amount of time he'd been sitting there he'd lost about $76,000,000. I'm amazed he managed to remain composed and not immediately get on the phone and scream to his broker to sell.
It's not his money. he's investing on behalf on clients
The guy "loses" $76 million in 3 minutes.
76 million of Wall Street BS funny money.
The problem is, it spends just like real money. But your average working schlub cannot make even 1% as much with his labor.
"Hard work pays off in the end" Bullshit. If that were true, every 14 year old working Third shift in a Garden City packing house would be a gazillionaire.
@@bizjetfixr8352 At least back in the Feudal age they peddled the lie that the serf's award awaited them in Heaven. >.>
@@bizjetfixr8352 only smart and opportunistic work pays off. Ofcourse you still have to work hard for it. That's probably what the quote should mean anyway. Dumb hard work will turn you into a slave
@@putinski666 very good point
I always thought "BOOM" was his mic drop. I just barely realised he imitated the Atomic Bomb they created. (1:49)
*"BOOM"* Room clears from imminent destruction. (4:01)
Boom went the dynamite.
insight people don't drop the mic
@@IMatchoNation
... which, in the Implosion-type, created the symmetrical pressure, igniting the plutonium core, as in the 'Fat Man' bomb ... only took < milliseconds, but, yeah ... one boom letter to a bigger one ...
Fun fact: first time visiting the Imperial War Museum, here it London, England, I came across a metal mock up of 'Little Boy' ...
I'm only 5'2", so hardly anything, but, looking at it, it's length could not have been more than 5'5" long ± 1" ...
That's when it _truly_ hit me. I have seen the photos, not least that of a young, teenage boy, whose body was turned to pure charcoal ...
So it actually see a life sized replica, and just how _small_ the damn thing was, almost left me frozen to the spot for a few seconds, as my poor brain tried to truly comprehend what it was seeing ...
And, yes, I did take a few photos, and when I find them on my phone, I still get a chill, recalling that moment when I first saw it ...
To answer Mark's question: America and the world financial system forgot all that when they took people's skin out of the game - when we didn't make the people who gave bad advice pay consequences for giving that bad advice, or at least pay the consequences when that advice turns out wrong. In that respect, the ratings agencies are most culpable: you can forgive, even guard against self-interest, but not a conflict of interest. The very idea of giving a private company responsibility for rating something -- that is, responsibility over a public good -- was insane. Literally insane. And it doesn't matter which government, Democrat or Republican, gave them that responsibility: both sides allowed it to continue. One banker went to jail for all this. Nobody from a ratings agency has.
The Romans had a better way of dealing with this sort of situation. They made those who built bridges spend time with their families underneath those same bridges. They knew how to put people's skin in the game.
post recession, they introduced something called risk retention. Issuers of these types of securities had to maintain a 5% hold across all tranches or 5% in the most junior tranche (the residual piece). This helped insure that these issuers had skin in the game for every bond they issued
You're right the rating agencies were the core of the problem here
@@AlexMoreno-zj7po Yup, people who were buying supposedly triple a mortgage bonds thought they were taking a borderline risk free investment so it's a little unfair how the media characterizes them as being greedy and reckless. They still bear some of that responsibility but it really does lie with the ratings agency, who basically caused everybody to invest economy ending amounts of money into insanely risky investments without realising it.
@@arandombard1197 precisely. I wish the movie made that more clear/focused on it more
Crazy thing is that it still continues today - zero down payment is stupid crazy
Who is here after Silicon Valley Bank collapsed?
Been here since jan 21 with gamestop. This is one of my favourite films
Silicon Valley Bank collapse is drastically different than the 2008 financial crisis in every single aspect. Especially in the factors of events.
@@jimmyli319- lol sure....
Not the same relax
Me before watching this clip: Why is CZcams making me watch this movie?
Me now: I need to watch this movie!
Its a warning
It's pretty good. It cuts through all the Fox "News" BS about Freddie Mac and Fannie May and poor bankers being "forced" to issue subprime mortgages and tells the TRUTH -- that Wall Street let limitless greed get the best of them in a Wild West of reckless speculation, and it blew up in their face.
It's a great movie with great actors. Best 4€ ever spend
The tragedy is that it's happening again, here and now, once more with an almost universal blame toward the poor and immigrants. Those who are willing to take a bullet for the rich should do so already. Capitalism will run out of backs it can burden when people cannot afford to live more than a week.
Same here, watched these clip yesterday and just finished watching movie.
Great indeed
This movie has Godfather-levels of incredible acting and storytelling. Its maybe one of the best films of this century so far; just amazing
No just no lol
@@TonyDanza4Lyfe sorry Tony, but yes just yes LOL
@@TonyDanza4Lyfe why did you say that
Kids on the internet.
thats not realy saying much though, it`s not even the first quarter of the century.
The buzzing cellphones in this clip stressed me out.
imagine what it was like for all those people that when after looking at their phone and seeing that they were losing all their money.
The staggered timing of multiple pagers and cell phones going off has always been a classic movie technique announcing doom.
It's suppose to.
"I'm glad you still have a sense of humor. I wouldn't. If I were you." Great line. 2:03
i loved that old blackberry model. best model for emailing ever
mightykc73 me too! I miss the feel of physical keys.
Thats why I still have my Blackberry and using it everyday.
Hi Grandpa!
I am not, I am 30.
+Raj R. how old are you kid 21 Raj R
One subtle thing I love from this scene (and correct me if this is just me overreaching) is how the host refers to Bruce Miller as Mr. and Mark Baum with no prefix. Showcasing the lack of respect Wall Street has against Baum and his firm.
I prefer to think it's just for the sake of brevity. Saying "Mister" for both names would feel somewhat redundant, but that's an interesting way to look at it!
No, not just the lack of a Mr. but the tone used showed a pretty clear bias.
She later emphasizes "Mr. Baum" after he doesn't ignore her proffered handshake.
Atomic Baum!
ITS HAPPENING😂😂 Not the housing but the shortsightedness.
Me watching GME today
Boom. Housing will fail too. Everything is a bubble at this point. Everything is short.
💎👐🦍🚀🚀🚀
Niccee
The housing too
“We live in an era of Fraud … Govt, Banking, Society.” Things have only become exponentially worse since 2009.
GameStop 2021: BOOOOOOOM
No, it went up.
@@Ozymandias1 That's what he's implying. That when it explodes, "BOOM" the DD was right
AMC "BOOM"
Few weeks and we are done i hope.
Bought more today
@@NeverStartTradingOptions How's that going?
this movie should be shown in every economics class throughout america
They'd just take it as inspiration.
I don't think high school students would really grasp all the concepts in this movie.
There was a another doc in my econ class we watched. It was the one where it showed how the people who created the problem were than teaching the businessman and woman of the future the same slimy tricks that led to the crash. It's s never ending story of decay and it will only stop once global warming wipes out the industrial world and we have to go back to a agrarian/hunter gather economic model.
@@Spacemonkeymojo I think they would. The movie does a really good job at explaining complex financial concepts in simple terms. And it connects those explanations with celebrities so most people can somewhat relate to it.
@@Spacemonkeymojo hell, I keep rewatching this movie because I haven't grasped the full size of the fraud that led to the recession. It wasn't just a national housing bubble, but a bunch of banks that unloaded their bad positions after propping them up
Video ended literally right as I was getting chills with that guys face walking out looking at Mark… smh that’s the best part of the whole scene lmao
As I'm typing this FB board is going mad on 26% crash
@@banksterkid5930 hahaha! Boom.
That's how the scene cuts in the movie too, stays on that guy's face for a couple of seconds.
03:00 "I thought we were better than this, I really did. And the fact that we're not doesn't make me feel all right and superior. It makes me feel sad."
Steve Carell deserved an Oscar for this movie.
Wtf 😂
agree
The fact that i dont see him as an actor in the office or 40 year old virgin, etc. but as someone completely different is confirmation.
He was way better in Foxcatcher
@@jmurda8533 exactly! he blew me away... i absolutely hate the office and the style of acting in it... its just not funny to me... i had to look up who played Mark because it was such a 180* from how Steve usually is
he did an amazing job
This movie had such a weird vibe and overall feel. No movie like it. One of the most unconventionally terrifying movies I've seen.
Because it is real and was real and may continue to be real.
My only question is:
After this film, HOW has Blackberry not recovered, nay, surpassed, its original greatness?
Would you buy more BlackBerry?
Failed to meet consumer damand. Apple and Samsung had their platforms for apps, blackberry did not.
@@Shteven Nokia´s fate. forgot consumer.
That poor woman announcing the guests at the end, she's trying to keep the environment all calm and controlled when even she knows that the situation is screwed up beyond all reason.
"I'm glad you still have a sense of humor. I wouldn't, if I were you."
Daaaaaaaaaaaaaaaaamn
2:54 Can we note the irony that the most optimistic man in the movie is the one to be announcing that Bear Stearns is plummeting?
"BOOM."
more like "BAUM"
So perfect
Roasted
Love how serious he is. Our culture values chill, comfortable attitudes. That's fine in most situations but when the going gets tough, the tough guys and gals are heroes.
Still get goosebumps watching this.
It's crazy, in one week Bear Sterns went from solvent and openly trading to bankrupt and sold off for pennies.
FTX giving off shades of Bear Stearns all these years later.
Crypto like a mortgage is an awesome idea with great potential but like anything it can go awry when frauds insert their overly financialized needlessly complicated instruments into the market with a clear intent to shamelessly cheat people.
I’m not entirely certain we aren’t about to witness a repeat of a lot of this in the next couple years.
And now we follow that up with the crypto exchange FTX.
Visiting this masterpiece in 2021 during the great GameStop revolution
This is going to make this event look like a tiny insignificant event
lol "revolution"
more like the The GameStop window
If you think it is about to happen again, (this time with Fail to Deliver and naked shorts,) buy and hold GameStop stock. If you think Im wrong, go ahead and short GME
@@goodadvice7305 where's this "moass" the so called apes talk about? Sure hear it a lot, it's gonna be fun Monday! Monday comes nothing happens, then again some other day and nothing happens🤷♂️
I don't understand all of the lingo in this movie, but I watch it regularly. As I do, I learn more and more. This is an EXCELLENT film.
Mark actually had long position in the bank during the time he was giving that speech. His analyst left the meeting in the middle to cut the position. They bought at 53ish and sold at 28ish.
Interesting
From what I read in the big short their position was very short term, and they’d sold them at a profit right before the speech
@@davisluong2060 But he did buy Bear stocks at 53. You can read in the book tenth chapter. His wife said that "he said nobody could aquire Bear bcoz of their culture." "He saw himself in that company".
And now the exact same thing is happening only this time also with treasury bonds.
The fact that M1 (overall liquidity in the economy) jumped 400% since May 2020 and since February 2021 has gone unreported...
The fact that big banks are now working 24/7 all over the globe and begging for money from investors despite record profits...
The fact that all big bank CEO’s are being called to testify before Congress this month for “unspecified reasons”...
The fact that the SEC and the DTCC have been changing stock infrastructure like there’s no tomorrow ever since the first GME squeeze and Archegos blew up...
The fact that Michael Burry posted another warning on Twitter of an impending financial disaster and has since been silenced by the SEC...
The fact that Warren Buffett pulled out of all his bank positions in December and issued a warning about the future of bonds in his Berkshire Hathaway annual letter...
This is going to happen all over again...
What the movie never told you:
- In 2005, $625 billion in sub-prime (crap) mortgage loans were sold and $507 billion of that were transferred into mortgage bonds.
*Collateralized Debt Obligations (CDOs), Synthetic CDOs, Credit Default Swaps (insurance policies) were all chasing that money...IN JUST ONE YEAR!!!*
Sure, that's the idea but it's only a way to hedge a bet if you're in on the bet to begin with. Since anybody could buy a CDS - even though it's really a zero sum transaction - the extremely leveraged balance sheets of firms buying them meant that swaps created more systemic risk than they curbed.
According to the movie, the value of mortgage bonds was 20 times bigger, then the value of the mortgages. If in 2005 there were $507 billion worth of mortgages, then there were 507x20 = $10 trillion worth of mortgage bonds and it's only 1 year. During 2000-2007 there can be 8x10 = $80 trillion worth of bonds, which is 4 times bigger, that US national debt. Adding synthetic CDOs to this amount is making it even more crazy. And all world invested in it, that's why real estate market crash was so severe and painful. Now I understand. I want good old times, when there were no mortgage bonds.
@@CompletelyRandomUser Yeah, as one of the main characters said, "...it's like the end of capitalism." *Oh, and in 2019, amounts outstanding for contracts in the derivatives market was an estimated $640 trillion.*
@@billyroberts4351
Indeed ...
The reason why swaps is rather distasteful to many, is it is like taking out fire insurance on the house next door ...
... in anticipation that lightning will strike it, and would cause the house to burn fully down to its foundations, whilst somehow keeping its roof, all whilst the family, and kid(s), escaped unharmed ...
... whilst the insurance company that you took out that policy with, hands you a generous payout, in return ...
Steven Eisman, the guy Mark Baum is based on, is the only person who they didn't use their real name for in the movie. Eisman lost a child in rather dark, tragic circumstances and the writers didn't want to go there so they changed it to him losing a brother and changed his name in the script.
I've just watched the film for a second time and I immediately started watching clips afterwards.
I watch this daily who else
Hari stan I watch it too...
Hari stan Could you explain the video a bit?
911RoyMan explains the fall of bear stearns.
Not the US, the BBC Documentary “The Bank That Almost Broke Britain” describes a similar situation with RBS’ Fred Goodwin where an audience member asks why he’s so confidence when since he started speaking the share price dropped 30 or so %. It’s 4 minutes into the documentary.
who's here after credit suisse crisis?
2021 says, "BOOM".
In the fall of 2006, I went to an academic finance conference and listened to a talk by a researcher on the state of the mortgage market. His conclusion was that the market appeared stable despite some unusual results normal analysis could not explain. In the Q&A portion of the presentation, I asked if he had considered whether fraud somewhere in the process could be responsible for the unusual findings. He responded that it wasn’t possible given the vetting process in the system. How completely wrong he was!
"It's that for 15,000 years fraud and short-sighted thinking have never, ever worked. Not once. Eventually, people get caught, things go south. When the hell did we forget all that?"- My favourite quote. Then comes the "BHOOM" 😍😍
The two most stressful things a human can watch without being able to change are a general watching his troops enter a full rout and a fund manager watching his finances drop my millions or billions of dollars a minute.
On a much, much smaller scale, I am a Pattern Day Trader and Swing Trader for my income. I use my own money, not other peoples (OPM). Stress is part of any risk taking endeavor.
Maciano Van der Laan No one talked about physical pain
Still cannot get over this movie. It was so good
RBS went from 580 to 6
I remember my line manager stood up and speak of that in RBS
StuckDucks watch margin call
The irony of a permabull wanting to buy more "bear" sterns
That’s how I felt every time I hear the name “Bear Sterns.” It’s like naming a software company “Crashsoft.”
This movie is so epic it should be required viewing.
For those watching in 2020 during the Carona Virus, Bear Sterns collapsed in March '08, the stock market went up 15% over a 70 day period following this and did not crash until 6 months later. You would think people would learn from history but people never do.
That you said about people never learn is part of a quote in the end of the movie .
What are you suggesting??? September is coming and I’m getting word from close friends that the worse is yet to come from this outbreak!! Care to elaborate?!
@@2krez254 I'm not a financial advisor, but I pretty much agree. The virus goes through phases where it goes away and comes back. The market is really over bought right now and could do for a pullback. At the same time though tech has really been on fire in terms of earnings beats. But how much of that is priced in and what will be the next play I couldn't really tell you but I will say I am out.
Are we ready for bubble nr. 2?
AMC TO THE MOON
This scene has been one of my favorites in the big short movie.
You could hear the contempt in the mediators voice when she said Mark Baum.
this is 1 of the best movies I've ever watched directed beautifully the acting was impeccable not a weak link in this entire movie. as usual Christian Bale was on fire he hammered then nailed this role, Steve also hammered n nailed this role especially because he's known for comedic roles he killed this role. this movie should be studied by film students
The empty seats right before the Alan Greenspan introduction is scary. Good luck to everyone for October 2019
The tone transition of the moderator, from prideful and pretentious when she introduce both speakers, to desperation when the audience left, should be studied as best example of dark comedy.
You know everyone's life is crumbling because Alan Greenspan is like the Beatles to them and they promptly left before he came on lol.
One of the best 3-4 movies I have seen in my life, and I have seen many.
The Accent Podcast what are your others I’m interested
that "BAUM" is priceless
And we still haven't learned...
Most people lack the knowledge c
The best part is we’re allowing them to do it again.
That guy smiling at the end when everyone is panicking and leaving……..must have those short positions
The musc in these scenes really intensifies the horror of this really happening
This music is honey to my ears
that boom is one of the best mic drops in cinematic history
It’s not just a mic drop, it’s the atomic bomb that just went off.
@@awilmart
Exactly ...
When the Soviets set off the Tzar Bomba, with the yield of 50-57MT TNT equivalent, the stratospheric shock wave encircled the Earth nine times. The only reason nobody knows the exact yield was the test instruments failed at ≈ 50MT, but the blast effects were greater ...
The truly insane thing was the design was a Fission-Fusion-Fission core, with one initiating the other, which, on paper, had a calculated yield of ≈100MT ...
... but not even the Soviet scientists were that crazy, so the test bomb replaced the last fission step with an equivalent mass in lead ...
Even so, 57MT, still the largest man-made thermonuclear detonation in history, however impractical, is still is seen as a city killer, never mind a 100MT. My best guess, is, if a 100MT thermonuclear bomb blew up in the middle of London, England, all roughly 600sq miles would be gone, or mostly gone, with only the bits close to the M25, kinda intact. But easily a 10 mile radius around the hypocenter would be not more than smoldering soil ... if that ...
Truth. One of the true hopes for the future, along with kindness, gentleness.
When he says he has to stand up is a brilliant but terrifying line
What I found really funny is how dimissive the moderator is when she introduces Mark Baum at 1:39. She props the Bear Stearns doofus up as this absolute OG of investing then treats Baum as if he isnt good enough to clean the shit off of buddy's shoes, yet ultimately, Baum is the one who wins in the end. Poetic justice I say.
Here are playlists of all the financial motion picture highlight clips.
They are ordered as they appear in each respective films for your viewing convenience.
Margin Call (2011)
czcams.com/play/PL_eGtR10uhM355Fq3cqMjXh_l22VKE_L-.html
The Big Short (2015)
czcams.com/play/PL_eGtR10uhM1yz78V7Ag589_qDMP19s9t.html
2008 Financial Crisis Motion Pictures
czcams.com/play/PL_eGtR10uhM33lgUrczfm7uZUXCh6a6Zx.html
Extractor, what about Too Big To Fail?
Extractor the big short to me is the better
If there's a hero to come out of the financial crisis, it's Michael Lewis.
I love the little touch that the other guy doesn’t reciprocate the mediator’s handshake
It amazes me that the American people never held those responsible accountable. They just ignored it, sat there and took it. What a bad joke.
Ah, welcome back everyone.
I was about to be like "who's Steve Eisman? It's Steve Carrell". Instead, I went and learned something.
Is there video available of the real interview?
Does anyone of you noticed that the girl tryna shake hand this old guy but left her hanging two times in a row 0:56
Does anyone know what the real conference this scene is based off?
I want to read more about the real events that inspired the movie.
Is there a real footage of this ?
Go find Peter schiff 2006 speech and watch till Q&a
Too big to fail...LET IT FAIL.
Thats not what we did at all though, the top dogs got bailed out and still exist free to fuck up all over again.
I like to think that the guy grinning at 4:35 while everyone is running out to sell is fully invested in farmland with water producing springs and gold
Mark Baum was right about present andd future. He knew about the crash and he knew who is gonna pay for it ultimately.
You put the baum on? Who told you to put the baum on? I didn't tell you to put the baum on!!! Why'd you put the baum on? You haven't even been to see the doctor. If you’re gonna put a baum on, let a doctor put a baum on!
Yup, and what happened behind closed doors was, JPMorgan bought Bear for $2 a share. Meanwhile empty heads like Jim Cramer said “don’t sell, it’ll never fail” and just like that, people lost their investment.
two favorite points, 1 is there isnt the trope where before the person speaks into the mic there is feedback 2 the mic carell picks up and talks into is not designed to be spoken into that close, so there isn't a great sound quality so either they recorded directly from that mic or added some low pops in post
The failed fist bump at the start was something I missed while watching the movie 🤣
Miller doesn't shake the hosts hand at the start. Interesting little bit.