Ryan Gosling explains how to turn debt into money | The Big Short | CLIP

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  • čas přidán 4. 08. 2022
  • Ryan Gosling has the millionaire mindset in this clip from The Big Short
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  • Krátké a kreslené filmy

Komentáře • 915

  • @BoxofficeMoviesScenes
    @BoxofficeMoviesScenes  Před rokem +318

    Hi everyone! What grade (out of 10) would you give this video?

  • @Nhamp2000
    @Nhamp2000 Před měsícem +3673

    "The whores at the rating agencies". To me, the most important line in the whole movie. None of this happens if they rate the bonds as crap like they should've.

    • @markwilliams7091
      @markwilliams7091 Před měsícem +73

      Spot on.

    • @jhinckle90
      @jhinckle90 Před měsícem +133

      Moodys, standards and poors job isn’t at all to ensure fairness or equity, not exactly. No more than the commissioner of the NFL is, it’s really about ensuring people play by a set of rules. Since everyone was able to make obscene money, nobody complained and they were incentivized to keep the gravy train rolling. If they didn’t, they’d find someone else, as the movie mentioned. It’s why big banks are so predatory, they can afford to shaft the people, pay fines, and then get bailed out-none the worse for the wear.

    • @NovusGM
      @NovusGM Před měsícem +13

      If human beings were not flawed, this would not happen. Alas, we are flawed beings who make honest mistakes and worse.
      Which is why these things happen again and again.
      EDIT: Apparently, people are incapable of comprehending what they read. I have not linked the above to honest mistakes. The events leading to 2008, obviously, fall into the "and worse" category. I never imagined this could escape so many but whatever. I hope it is clear now.

    • @jhinckle90
      @jhinckle90 Před měsícem +30

      @@NovusGM well these weren’t honest, as a person who does banking. When a CDO is mostly BB and BBB-it’s unstable. Those are high risk, making sure 90 to 92% of them were subprime meant it could collapse. People banked on continued unparalleled and unchecked growth, coupled with lax laws and also, to whit, historical data that showed the housing markets stability. VAR, as they call it, is less than stellar at predicting unpredictability. With slow growth and a bad economy, this left many to default on houses in waves never seen before. It’s why now, it’s much harder to get a second house, as was more the custom two decades ago-not to mention inflation being sky high, interest rates being astronomical and other factors.

    • @jhinckle90
      @jhinckle90 Před měsícem +6

      @@NovusGM cheap free money made us gluttonous and enticed us, banks still win if the have to collect on their lien.

  • @JaredKaiser24
    @JaredKaiser24 Před měsícem +2517

    “Explain it to me like I'm 5” - Michael Scott

    • @DRod1517
      @DRod1517 Před měsícem +44

      "Okay, but are you sure that's not being a little ambitious?"

    • @blue_scene
      @blue_scene Před měsícem +35

      ​@@DRod1517 " thats what she said "

    • @romainrahni8682
      @romainrahni8682 Před měsícem +18

      Okay here's the famous chef Anthony bourdain to explain ! 😂

    • @goblincomic4522
      @goblincomic4522 Před měsícem +29

      "Daddy and Mommy give you 10$ for lemon stand ...."

    • @johncarroll5178
      @johncarroll5178 Před měsícem +12

      Or a golden retriever.

  • @davideassis87
    @davideassis87 Před měsícem +1674

    This Office reboot is really wild.

  • @imademas3347
    @imademas3347 Před 29 dny +777

    The way the Quant guy kept fixing his glasses nervously made him look even smarter

    • @AM-ml7et
      @AM-ml7et Před 23 dny +24

      HIS NAME'S YANG!

    • @imademas3347
      @imademas3347 Před 23 dny +4

      @@AM-ml7et that exact moment just never fails to make me laugh 🤣

    • @Sebaz1835
      @Sebaz1835 Před 23 dny +6

      And his his "i just got out of bed" hair

    • @keenynthewise
      @keenynthewise Před 12 dny +6

      @@AM-ml7etit’s actually Jiang, and he came in 2nd at the national math tournament

    • @mieblock4856
      @mieblock4856 Před 6 dny

      Fkn hustlers lmao

  • @brunomunemassa8266
    @brunomunemassa8266 Před 29 dny +1293

    I love how Jiang tries to play himself a little down but he's still smart as hell.

    • @calzonesdefuego8523
      @calzonesdefuego8523 Před 21 dnem +21

      Humbleness is a virtue

    • @dontokoi30
      @dontokoi30 Před 21 dnem +66

      Jiang probably hates the guy but will keep his mouth shut, knowing they'll get rich together.

    • @youbigtubership
      @youbigtubership Před 21 dnem

      He enjoys white privilege too.

    • @yuriel6691
      @yuriel6691 Před 14 dny +11

      ​@@dontokoi30 that's exactly how the world works 😂 you work with people you don't like to get more money

    • @arfx7521
      @arfx7521 Před 12 dny +2

      @@yuriel6691 Nope.

  • @sarge-T.O.
    @sarge-T.O. Před měsícem +910

    Best scene in the movie.
    "He won a national math competition ...... in China!" 😅

    • @YorumiTech
      @YorumiTech Před 27 dny +22

      😂 stereotype used as a tool to convince😂😂😂

    • @sasibudiarto3046
      @sasibudiarto3046 Před 26 dny +18

      The hardest math competition in the world obviously😅

    • @areichental
      @areichental Před 21 dnem +2

      Queue chinese housing crisis

    • @michaelurban2969
      @michaelurban2969 Před 18 dny +1

      Our math competitions in the U.S. are dog poop wrapped in cat poop!

    • @JonLeonardF10
      @JonLeonardF10 Před 17 dny

      Using Abacus 🧮 😊

  • @Anthony-ot8vl
    @Anthony-ot8vl Před měsícem +795

    This movie is so underrated. It's funny yet puts things in simple terms how things went down.

    • @possiblyinsane6995
      @possiblyinsane6995 Před 28 dny +24

      i must be stupid cause i still dont understand

    • @rellrylio5567
      @rellrylio5567 Před 26 dny

      @@possiblyinsane6995You have to watch the whole movie 🍿
      Some terms are difficult to understand but you get like 85 per cent of it 💯

    • @degensanonymous
      @degensanonymous Před 20 dny +6

      I don’t know anyone that underrates it? I assumed (wrongly it seems) that everyone thought it was a blinder..

    • @zd9386
      @zd9386 Před 17 dny

      Basically investment banks sold bad assets and then provided insurance on the assets "credit default swap". Everyone kept doing this until the amount of money the insurance would have to pay out was more than they could afford. The United States Government didn't want the majority major banks to go bankrupt so they bailed out the debt owed with extremely favorable loans.@@possiblyinsane6995

    • @stickystick105
      @stickystick105 Před 14 dny +1

      ​@@possiblyinsane6995 It's ok. It's meant to be hard to understand.

  • @csabaimate
    @csabaimate Před měsícem +473

    I'm happy for Kendall Roy, he's doing good after his beef with the family.

  • @tomas.lambert
    @tomas.lambert Před měsícem +473

    Every time I had a course in college and they wanted to explain the 2008 crash, they told us to watch this movie cause of how well it explains the concepts

    • @DarrinSK
      @DarrinSK Před 25 dny +29

      And not a single word was said about Central banking controlling interest rates through Fiat

    • @teachingwithipad
      @teachingwithipad Před 25 dny +5

      @@DarrinSKthank you!

    • @MarlinFinancialAdvisors
      @MarlinFinancialAdvisors Před 22 dny +3

      @@DarrinSK thats got nothing to do with it.

    • @Grande79
      @Grande79 Před 14 dny

      @@DarrinSKor Congress regulations that incentivized banks to loan to people who they knew could not pay back the loans

    • @enclave6285
      @enclave6285 Před 13 dny +16

      Actually it does. In the lead up to the financial crisis the government was pushing wider credit availability and variable rate mortgages. Then the fed cut rates making these no downpayment variable rate loans look appealing. Then they drastically raised rates. Tell me again how the government had no part in this crisis?

  • @BigstickNick
    @BigstickNick Před měsícem +730

    Love how even the dude with him got the answer wrong

    • @TheLirJEt86
      @TheLirJEt86 Před měsícem +72

      He really didn’t cause a few lines later he says “opportunity” and his boy kinda smirks. Peep it it’s funny

    • @generaltheory
      @generaltheory Před měsícem +5

      This got me all sorts of hysterical emotions when I first saw the film. Now I'm just rofling HARD to this.

    • @scipio2074
      @scipio2074 Před 29 dny +13

      whatever he's gonna answer to that will be wrong because Ryan was playing at him.

    • @calumcookson740
      @calumcookson740 Před 24 dny

      Fckin A

  • @ethanlouque2054
    @ethanlouque2054 Před rokem +2638

    This movie literally explained the housing market crash in 2008 to me

    • @jimmiller5600
      @jimmiller5600 Před měsícem +77

      Watch Margin Call too.

    • @lowenization
      @lowenization Před měsícem +67

      you should prolly read a book or two instead, the movie gets a whole lot wrong

    • @josephrafferty6763
      @josephrafferty6763 Před měsícem +79

      ​@lowenization It does, but it's right in the essentials.

    • @samadams7224
      @samadams7224 Před měsícem +37

      We need a new movie to explain inflation.

    • @russellm785
      @russellm785 Před měsícem +74

      Most of these movies conveniently leave out Congress… this idea didn’t just pop into the mind of banks out of nowhere.

  • @zachtuesday
    @zachtuesday Před měsícem +289

    “My whole department’s long on this stuff. They call me chicken little. They call me bubble boy” - bar after bar in this scene

    • @AC-iz7eh
      @AC-iz7eh Před měsícem +10

      Not an American didn't get the context would you be kind enough to explain 😂

    • @Dntjockme43
      @Dntjockme43 Před měsícem +27

      @@AC-iz7eh two comedy movies where the main character is clowned extensively for their beliefs/motives, so ryan was relating to them

    • @shaun4772
      @shaun4772 Před 29 dny +25

      @@Dntjockme43 It works on another, more literal level too. In financial markets, when a stock or a sector is overbought because it's believed that it's "too big to fail", then it's described as a bubble, as in it's a market that's heavily inflated and just waiting to pop.

    • @brock5946
      @brock5946 Před 29 dny +2

      ​@@shaun4772I understood where bubble boy came from but not chicken little lol but after Dnt's explanation I recall it being a movie haha

    • @jamescrock2213
      @jamescrock2213 Před 28 dny +1

      They call me night master

  • @veltcardio
    @veltcardio Před měsícem +562

    “Look at his eyes!”
    “That’s pretty racist”

    • @khaagos
      @khaagos Před měsícem

      I love how the idiots from Michael Scott's (IDK his real name or his character's name in this movie) only cling on irrelevant details and make comments about anything, but the real issue they are there to find out about. A bunch of useless twats 😂

    • @Jehty21
      @Jehty21 Před 29 dny +16

      That's gay.

    • @benb9284
      @benb9284 Před 29 dny +15

      @@Jehty21That’s homophobic.

    • @ElChronicler
      @ElChronicler Před 29 dny +13

      @@benb9284 That's black

    • @benb9284
      @benb9284 Před 29 dny +13

      @@ElChronicler That's racist.

  • @oakleyorbit
    @oakleyorbit Před měsícem +395

    Supposedly the dude with gosling is one of his closest friends, And then says “Shut your fuckin mouth”😂 what a delivery to your boy!!

    • @fryncyaryorvjink2140
      @fryncyaryorvjink2140 Před měsícem +36

      I thought I had heard he was just a guy on the set of the movie, but they hit it off so well that they made him his assistant in the movie

    • @oakleyorbit
      @oakleyorbit Před měsícem +4

      @@fryncyaryorvjink2140 ohh ok maybe that’s what the story is.. 2nd hand information not always trust worthy!

    • @willmiller7693
      @willmiller7693 Před měsícem

      @@fryncyaryorvjink2140yeah there’s a few diff sites w interviews w the guy. Pretty cool story imo

    • @matchesmalone2625
      @matchesmalone2625 Před měsícem +4

      @@fryncyaryorvjink2140that’s what he was. Just some dude lol

    • @bully3628
      @bully3628 Před měsícem +21

      I read that he was originally just supposed to be an extra with no speaking lines, but him and Gosling hit it off so well on set that they wrote a couple of lines for him in this scene.

  • @zachtuesday
    @zachtuesday Před měsícem +158

    One of the best scenes in a movie I’ve seen. Gosling steals the show in this movie.
    “MY QUANTITATIVE”

    • @justbodies877
      @justbodies877 Před 12 dny +1

      My quant YANG! Understand!?~ Smartest guy that works for me and proves life! I have him!

    • @Grizabeebles
      @Grizabeebles Před 6 dny +1

      I find it terrifying that "guy who does the math to find out the actual value of a financial product" is a specialty job in finance and not a basic requirement for working in finance.
      It seems like an admission that the industry is overloaded with salesmen and middle-managers who don't actually know how anything works.

  • @christiantarnoski1231
    @christiantarnoski1231 Před měsícem +244

    Getting second in a national math competition in the most populated country in the world and with how intense those kind of events get is insane. That "quant" is probably 10 times worth his current value.

    • @YOSHIERIDER
      @YOSHIERIDER Před měsícem +4

      Being good at math doesn't mean you have the skills to do a particular skill.
      Being fluent in English and good at math is a good start; he'd pick it up real quick I'm sure.

    • @christiantarnoski1231
      @christiantarnoski1231 Před měsícem +22

      @@YOSHIERIDER except that his work is ONLY about maths. So him speaking english is just a plus: 99.99% assured that he was hired 'cause he is good at maths. Most things can be learned, but innate world-class talent in a specific area (specially something so basic and yet important as maths) that has fully bloomed is something that has immeasurable value. Bennett himself more than likely has less value than his "quant" in the eyes of everyone that works in Wall-Street. Is actually quite easy to understand why: he saw an opportunity but only knows that is one 'cause the dude who is good at numbers did his job and confirmed his suspicions.

    • @generaltheory
      @generaltheory Před měsícem

      ​​​@@christiantarnoski1231How is digging into tables and just seeing that they're all filled with BS math?

    • @kaboomonme
      @kaboomonme Před měsícem +7

      ​@@generaltheory you'd be surprised at how many people would just collapse from mental exhaustion looking at a table, let alone analyze it. I would know, cos I'm one of them lol

    • @christiantarnoski1231
      @christiantarnoski1231 Před měsícem +9

      @@generaltheory moreover, the only person that got the time, capacity and the very idea of doing it was none other than Michael Burry, Bale's character. The dude saw the bubble after checking an insane amount of data from the market. A Quantitative Analyst's job (Burry and the "quant") is not just seeing those numbers but to turn them into valuable information by understanding how they are related and what they mean. And it was insanely hard to see at that: no one knew what was happening until Burry made the effort to check and then each group that shorted had their own "maths guy" check if he was right, which he was.

  • @Kraken9911
    @Kraken9911 Před měsícem +171

    Pitching a business idea AND roasting your client's shirt 😅. This movie never gets old.

    • @Grizabeebles
      @Grizabeebles Před 6 dny +4

      Roasting the shirt shows Gosling's character is good at reading a room. Someone made a personal jab at him and his motives, so he pushed back in a playground bully way to discourage further questions from the second-rankers. Then he looked the head of the firm directly in the eye and answered the question. "I am an outlier at my own firm. I am a salesman selling you a product. My product is fire insurance on a building that's already burning."

    • @ongaku7342
      @ongaku7342 Před 5 dny

      @@Grizabeebles I like how you explained this. I watched this scene so many times, like 8 already and for the life of me I didn't get why the guy that said "Dora the Explorer" smirked at the jab.

  • @vinniechan
    @vinniechan Před měsícem +412

    That seafood stew is a very under rated analogy
    If you think a bit more deeply it explains most crap in life

    • @AaronaCreates
      @AaronaCreates Před měsícem +2

      💯

    • @SOSOLRAK
      @SOSOLRAK Před měsícem +5

      Like??

    • @aaronvoss38
      @aaronvoss38 Před měsícem +72

      Except it's even worse. It would be like if the fish not only didn't sell, it didn't sell because it was contaminated. And then they put it in stew and spiced it up to where it didn't smell bad. But when you ate it... You puked your guts out

    • @WayStedYou
      @WayStedYou Před měsícem +13

      Except the seafood stew is still decent for you instead of a pile of dog poop

    • @Peterotica
      @Peterotica Před měsícem +11

      @@SOSOLRAKlike yo mom, used good. but put on some makeup, yo daddy picked her right up

  • @luxmaster
    @luxmaster Před měsícem +89

    the integrity of the Finance Industry explained accurately in this film clip. The "Rating Agencies" absolutely pointless.

  • @obvioustruth3000
    @obvioustruth3000 Před 5 dny +5

    "That's a nice shirt, do they make it for men?"
    I think that was a genuine laugh that they almost broke character.

    • @colonelkurtz2269
      @colonelkurtz2269 Před dnem

      Like Mazda Miatas are nice cars. What color purse does it come with?😅

  • @DixieRect
    @DixieRect Před rokem +239

    fuckin' A Jared

  • @luisuzcategui5704
    @luisuzcategui5704 Před 7 dny +20

    The quant joke is one of my favorite jokes in the history of movies, it's completely unexpected because if you pay attention they never show him until that guy asks Ryan's character if he's sure of the math, and after the joke, Yang breaks the 4th wall and explains the situation which makes it more hilarious, this joke was a masterpiece because its timing is on point, I was so focused trying to understand all of the Jenga metaphor and then suddenly this happens, amazing movie

  • @Birthhammer
    @Birthhammer Před 28 dny +166

    I like how Steve Carrell runs a hedge fund and doesn’t know what a quant or a CDO is

    • @erikopnemer
      @erikopnemer Před 24 dny +30

      That's because it's the angriest hedge fund in America.

    • @menglongzzz
      @menglongzzz Před 21 dnem +27

      That happens when Michael Scott is the manager.

    • @rawraj1578
      @rawraj1578 Před 21 dnem +12

      Because they were a new thing back then

    • @smartwhip.
      @smartwhip. Před 14 dny +12

      @@rawraj1578quantitative analysis was NOT new in 2008 😭😭😭

    • @chasfredricks
      @chasfredricks Před 12 dny +8

      I am in the middle of studying for the series 7 exam, and there's no way that he would not have known any of those terms

  • @87in7
    @87in7 Před 13 dny +12

    I like how throughout this scene, Steve Carell is doing his impression of Michael Scott doing an impression of Jim Halpert.

  • @markwilliams7091
    @markwilliams7091 Před měsícem +73

    @1:26 "You're too close" Golden!

  • @lancet878
    @lancet878 Před měsícem +34

    “Let’s not talk about my margins” 😂

    • @Anthony-un4yz
      @Anthony-un4yz Před 11 dny +1

      "Nice shirt, do they make it for men?" LOL

  • @GreatFavorit
    @GreatFavorit Před 5 dny +2

    i just love how chris says "opportunity" and is corrected into "no, money!", then later jared says "and that... is an opportunity" xD

  • @GlassesAndCoffeeMugs
    @GlassesAndCoffeeMugs Před 22 dny +11

    Fun fact: None of these guys went to jail, in fact many gave themselves lavish bonuses with taxpayer-funded bailouts

    • @Pecisk
      @Pecisk Před 6 dny +4

      Not only that, movie explains how rich will use crisis to blame teachers and immigrants. And it did fucking happened.

  • @genericreference6969
    @genericreference6969 Před 27 dny +11

    Love the way Jiang goes from full Beaker mode, looking blankly around and pushing his glasses up on his face, to his polished aside :)

  • @galiciaart
    @galiciaart Před 26 dny +6

    This movie changed entirely how i view economics. I used to thought there was a kind of control in everything, a control that would keep things balanced, i was wrong

  • @VAOdin
    @VAOdin Před měsícem +65

    I always lose it when he explains his quant. Lol.

    • @chucklos391
      @chucklos391 Před měsícem +5

      The way the “quant” starts fidgeting adjusting his glasses and moving his head with confusion as everyone looks at him. He sold it well. Fucking hilarious! “I’ll give you a hint…his name is YANG!” 😂😂😂

  • @beaubellamy2999
    @beaubellamy2999 Před měsícem +178

    This movie should be shown in schools everywhere

    • @adamdaniel8909
      @adamdaniel8909 Před měsícem +5

      Too much swearing...

    • @goober8798
      @goober8798 Před měsícem +22

      @@adamdaniel8909 I think the 1st graders can handle it.

    • @adamdaniel8909
      @adamdaniel8909 Před měsícem +4

      @@goober8798 that's fair...

    • @connoro1373
      @connoro1373 Před měsícem +4

      Was shown to us in high school

    • @edge21str
      @edge21str Před měsícem +8

      They will watch this, ignore everything fucked up about it and conclude that this was super smart and cool. Ever talked to kids who watched Wolf of Wallstreet? Belfort is their role model.

  • @DOMSGUITARS6140
    @DOMSGUITARS6140 Před měsícem +77

    I love this movie. Was so relevant to me as i bought my first house in 2007 for top price and a year later value of my house dripped by more than half

    • @SA2004YG
      @SA2004YG Před měsícem +2

      Whats it at now?

    • @DOMSGUITARS6140
      @DOMSGUITARS6140 Před měsícem +18

      @@SA2004YG well we lived there for 15 years and it came back and we sold for a profit in a good market at the time and we sold it almost two years ago n value of it still growing

    • @doctorx2771
      @doctorx2771 Před měsícem

      @@DOMSGUITARS6140So it’s all about time…

    • @Almightyboj
      @Almightyboj Před měsícem

      @@DOMSGUITARS6140Well done! That’s the beauty of property, even in a time of crisis as long as you can financially support yourself and ride out the tough times, the property will eventually catch up and make you money in the long run. Same goes for stocks etc. The difficulty is when you overextend and are unable to cover yourslef or your family during economic downturns.

  • @TheJaviferrol
    @TheJaviferrol Před 25 dny +7

    I watched this movie for the first time as a teenager but didnt appreciate the brilliance of It until my 20s. Especially considering the worldwide financial crisis happened back then.

  • @LloydChristmasful
    @LloydChristmasful Před měsícem +14

    When I first saw this movie and scene, I lost it because I thought he said “Mike Kwan, Mike Kwantitative!” 😂😂😂

  • @Xumenade
    @Xumenade Před měsícem +100

    6:13 the first time I watched this movie I thought, "why is he so mean to him," but several watches and years down the road I now I couldn't agree with Jared more

    • @jameskaihatu6209
      @jameskaihatu6209 Před měsícem +18

      The actor who played Chris was apparently an extra that they asked to play that role.

    • @dallasron51
      @dallasron51 Před měsícem +16

      They worked it out in advance. Treating the guy that way makes Ryan’s character look more dominant, which helped with his presentation to his doubting audience.

    • @stikkippy1481
      @stikkippy1481 Před měsícem

      Another aspect of it, you don’t gloat to the people you’re trying to fuck over. You do that after you leave the office.

  • @irakli9604
    @irakli9604 Před měsícem +18

    Most interesting role Gosling ever played

  • @gmq402
    @gmq402 Před 9 dny +14

    5:15 "Somehow you're like Dora the Explorer and you're the first person who found this thing" 😂😂😂

  • @deezynar
    @deezynar Před měsícem +55

    We were taught about the tulip bubble in 5th grade. Around 2004 I started telling lots of people about it. I thought everyone had been taught about it in school, but I was wrong. The fact that anyone got caught with their pants down in 2008 is ridiculous. Nothing keeps going up in value forever. Nothing.

    • @foxfireman188-ls1kv
      @foxfireman188-ls1kv Před měsícem +11

      Once again people in the know are incentivized to ignore what is happening. House prices keep climbing as private companies buy them up to flip or rent. Mortgage defaults aren't going to be the fuse for the next collapse. It'll be the lack of people able to afford all of these properties that companies can no longer unload, the market plateaus, and they're forced to maintain properties at a loss or sell at a bigger loss. As the bubble starts to go it becomes more expensive to maintain than to sell, and companies will race each other to get rid of these properties. Add to that all the CDOs and synthetic CDOs that will quickly become worthless and we've got another collapse.

    • @erickbravo5800
      @erickbravo5800 Před měsícem +5

      Im sure they knew. But too much opportunitt to make money kept them going. The ones responsible made a ahit ton of money. The regular joe got fucked. Same ol story.

    • @deezynar
      @deezynar Před měsícem

      @@erickbravo5800
      I knew people who were flipping houses and making money. They just couldn't get their heads wrapped around the fact that house values would not keep going up forever. So those people were not Wallstreet types, but greed was still motivating them to keep going when it started to look shaky. I told one guy that it was getting close to the end, and he refused to listen. He lost some money on a big house had built, and I don't have any compassion for him, or others in the same boat. As for people who were buying those houses to live in 05, 06, 07, and before the crash in 08, they were just idiots. The folks who bought before that were not quite as stupid, but even they should have understood that they were paying overvalued prices for a house and should have thought that they would lose the price different if the market had a correction.
      I bought my house in 93 just after the FED lowered the prime rate. I rushed out to buy because I knew that house prices were going to start going up. We bought an old, beat up house, and we got low mortgage rates. It is all paid off, and still beat up. I'll fix it up someday, but having a beat up house that is paid off is worth much more than a slick one that has a mortgage.

    • @imzjustplayin
      @imzjustplayin Před měsícem

      @@foxfireman188-ls1kv It will be a soft landing if the properties are not mortgaged.

    • @LarsLarsen77
      @LarsLarsen77 Před měsícem +2

      Bitcoin does.

  • @patrickwhittaker5285
    @patrickwhittaker5285 Před 3 dny

    "That's a nice shirt. Do they make it for men?" legit the best line of the movie

  • @andriinazarov5218
    @andriinazarov5218 Před měsícem +4

    the best scene in the movie. stellar performance from Ryan

  • @Danjr704
    @Danjr704 Před měsícem +8

    So relevant now. And even at end of the movie, they basically say everything the government did to supposedly prevent this from happening again, is essentially the same practices just with a different name.
    Inflation at crazy heights, salary growth is minimal, mortgage rates crazy high, yeah things are getting worse and no sign of improving

  • @stevenbrown6079
    @stevenbrown6079 Před rokem +95

    AAA. They told us back then and here it comes again.

    • @KarlOlofsson
      @KarlOlofsson Před měsícem

      Well, that's why they also want to make us addicted to lifestyles we can't afford so that we stop caring about our financial futures.

    • @brock5946
      @brock5946 Před 29 dny +1

      Boom bust boom

  • @spaya003
    @spaya003 Před měsícem +2

    The accuracy of this is so great, best depiction of the IB community in a movie lol

  • @velingtonfernandes8361
    @velingtonfernandes8361 Před 27 dny +4

    The comic timings in this movie were insane

  • @benjaminperez7328
    @benjaminperez7328 Před měsícem +44

    I MISS Anthony.
    😔

  • @HughManatea
    @HughManatea Před 12 dny +2

    The fire insurance line really sums it up.

  • @jimnasium3208
    @jimnasium3208 Před 6 dny +1

    I rewatch this and Margin Call every time I see a video of it😂

  • @davidrpriest
    @davidrpriest Před měsícem +37

    " I can hear you judging me. " LOL

  • @IC3_B3AR
    @IC3_B3AR Před měsícem +11

    The way he pronounces money got me rolling 😂😂😂😂

    • @BM-wy3wl
      @BM-wy3wl Před 11 dny

      MAHNE. You smell MAHNE.

  • @brysimm404
    @brysimm404 Před 6 dny +1

    I love this movie! Did such a good job of explaining the housing crisis that even I understood what happened 👍

  • @HummingbirdSound
    @HummingbirdSound Před 27 dny +3

    So much “Shut up, Meg” energy

  • @drek9k2
    @drek9k2 Před 25 dny +3

    4:58 that actually makes a CDO sound a lot better than it actually is.
    ngl most restaurants do a thing like that, three day old fish ain't THAT bad either. Stew's probably fine.

  • @ron7928
    @ron7928 Před 29 dny +3

    This movie actually helped me understand certain things in the housing industry.......

  • @QuestMode
    @QuestMode Před 3 dny

    Ryan Gosling friggin’ nailed that.

  • @Blondelo
    @Blondelo Před 9 dny

    These scenes seem like 25% or so improv, which in my opinion really elevates them.

  • @special_k400
    @special_k400 Před měsícem +6

    Every time I watch I learn something new

  • @DavitBarbakadze
    @DavitBarbakadze Před měsícem +3

    This scene is legendary!

  • @rjsmith5339
    @rjsmith5339 Před měsícem +36

    The fact that no one went to jail for this is INSANE

    • @mrguy89
      @mrguy89 Před měsícem +2

      One person, technically. And technically, that is an infinite improvement, lmao.

    • @LarsLarsen77
      @LarsLarsen77 Před měsícem

      It's not illegal to take risks. Especially when the government is insuring everything.

    • @MrColdwilliam
      @MrColdwilliam Před měsícem

      In Law people like this don't get punished. Clearly.
      This is one of the many reasons that when examined, we will find that ultimately: Law *impedes* Justice.

    • @shaun4772
      @shaun4772 Před 29 dny +8

      @@LarsLarsen77 Depends. When financial advisors sell products, they have a fiduciary obligation to their clients to disclose known risks associated with those assets. If the advisors knew that the assets were risky, or that ratings agencies had given the bonds fraudulent ratings (which they often did, as shown later in this movie), then they're defrauding their clients. Taking risks isn't illegal. Misrepresenting those risks while acting as a fiduciary on behalf of your client very much is. Not an easy thing to prove in a criminal court though.

    • @DanSwanson2070
      @DanSwanson2070 Před 11 dny

      It’s capital punishment; if you have the capital, you don’t do the punishment.

  • @BabyBearRudy
    @BabyBearRudy Před 23 dny +1

    Honestly Ryan Gosling made this film watchable cuz he’s so fun

  • @drywallloverkenzach2271
    @drywallloverkenzach2271 Před měsícem +17

    yeah, he's literally me

  • @halonut96
    @halonut96 Před měsícem +8

    I mean too be fair coming in 2nd in a national math competition in China is still fucking amazing

  • @danielkcarica7425
    @danielkcarica7425 Před 8 dny +2

    This movie should be #1 in the horror movies rankings.

  • @ShapeshifterOS
    @ShapeshifterOS Před měsícem +14

    And now we get to do this all over again with commercial real estate yay!!!

    • @LarsLarsen77
      @LarsLarsen77 Před měsícem

      Actually its car loans this time.

    • @ShapeshifterOS
      @ShapeshifterOS Před měsícem +1

      @@LarsLarsen77 Commercial real estate is a $20 trillion market.

  • @Q-1424
    @Q-1424 Před 24 dny +9

    THIS MOVIE IS THE BEST DEFINITION OF "EXPLAIN IT LIKE I AM FIVE"

  • @mannykhan7752
    @mannykhan7752 Před měsícem +4

    This scene alone is oscar worthy

  • @xchazz86
    @xchazz86 Před 5 dny +1

    He actually explained how to leverage a corrupt system into free money.

  • @niuage
    @niuage Před 16 dny

    I get such a kick every time i rewatch that. So good.

  • @erikricardoboscolo4779
    @erikricardoboscolo4779 Před měsícem +4

    "Opportunity" 😂😂😂😂😂

  • @jasonmcmillan4373
    @jasonmcmillan4373 Před měsícem +26

    Having an occasional housing market crash is still preferable to everything just continually rising in value. That's how you end up with a housing market like that of my country, Australia, where almost no-one who just wants to buy their first home so they can live in it and avoid paying rent can do so. Real-estate here has been the golden goose for investors for far too long and now most that don't own even one property can't, thanks to all those who own two properties or more and borrow against their portfolio to buy up even more property.

    • @DavidSanchez-zq8fp
      @DavidSanchez-zq8fp Před měsícem +15

      The crash doesn’t help first time buyers. When the housing market crashes it crashes the loan markets too, and it makes it impossible for first time buyers to get loans. The crash only helps the rich buy up more properties because they don’t have to borrow the money or have enough assets to borrow against.

    • @TheMGIvideos
      @TheMGIvideos Před měsícem +6

      ​@@DavidSanchez-zq8fplol this scene is literally about this, guys with money making even more money off the crash

    • @FantasticOtto
      @FantasticOtto Před měsícem +5

      ​@DavidSanchez-zq8fp Do you think this is why so many inner city properties are now in the hands of rich landlords instead of private owners compared to before? Existing rents are insane and getting worse. Seems to be a problem in every single medium to large city around the globe. Does it trace back to 2008?

    • @LarsLarsen77
      @LarsLarsen77 Před měsícem +2

      @@DavidSanchez-zq8fp Bro you can buy a house for $20,000 when that happens. People with $20,000 in the bank are not rich.

    • @DavidSanchez-zq8fp
      @DavidSanchez-zq8fp Před měsícem +4

      @@LarsLarsen77 I’m not your bro, grow up. You can’t buy houses for $20K after a market crash. The house values drop sharply, maybe as much as 50%, but the value doesn’t go to nothing. If the average house in your market sell for $600K before the crash they will still cost $300K after, so yes, you have to be rich to have $300K in cash sitting in the bank.

  • @91Indrek
    @91Indrek Před 28 dny

    I have watched this movie at least 10 times. One of the best ones!

  • @carterlucianus7786
    @carterlucianus7786 Před 18 dny +1

    This is one of my favorite movies no cap . Its a movie you watch and go i understand the full monty

  • @BufordTJustice42069
    @BufordTJustice42069 Před měsícem +3

    Right out of the Federal Reserve's playbook.

  • @asronomics101
    @asronomics101 Před 17 dny +1

    Greatest finance movie of all time

  • @RobBoss420
    @RobBoss420 Před 29 dny +1

    He’s doing such a different role here as alll his other roles.

  • @delrey874
    @delrey874 Před rokem +19

    Adam McKay is a great filmmaker 👌

    • @TheRealMeaney
      @TheRealMeaney Před měsícem +2

      he went way too soft on the government's role in legislating the crisis to happen in the first place.

    • @yassineassane9577
      @yassineassane9577 Před 5 dny

      What isnthe name of The film please

  • @steppahouse
    @steppahouse Před měsícem +4

    Never have seen this movie, but for some strange reason I keep going back to watch Margin Call, likely because of the sheer, unmitigated star power on display. I had NO idea this movie was effectively built on 4th wall breaks :) Now I must watch it.

    • @Pecisk
      @Pecisk Před 6 dny +1

      Margin Call was good human drama, this movie however does explanation really well, even at its own expense, director and script writers commiting to a bit. And it works. And it makes you way more angry because you realize someone got away with fraud and no one cared because it was good for "economy" for a while.

  • @larsekman8244
    @larsekman8244 Před 9 dny

    Best line is the ”Fking A, Jared” at the end

  • @petezahut9545
    @petezahut9545 Před 12 dny

    "His name is Jang. Of course I am sure!" 🤣🤣🤣

  • @WrongedSports
    @WrongedSports Před měsícem +7

    The explanation of the CDO made the whole housing crisis make sense

  • @alanhernandez1339
    @alanhernandez1339 Před měsícem +20

    Kendall Roy was less of a douche back then

    • @Kraken9911
      @Kraken9911 Před měsícem +2

      It's 2024 and I'm just now realizing who he is in the future.

  • @MiguelCarrilloInfante
    @MiguelCarrilloInfante Před měsícem

    Chris has mad stacking abilities

  • @thegrind5273
    @thegrind5273 Před měsícem

    lol the last line was hilarious

  • @HeeroAvaren
    @HeeroAvaren Před měsícem +13

    Can this happen again please I want to live on my own without a roommate again.

    • @JM-bl3ih
      @JM-bl3ih Před měsícem +1

      ive banked so much money expecting this to happen. I can probably buy 2 houses in full if everything crashed and houses short saled to 2009/2010 prices

    • @Tony-.
      @Tony-. Před měsícem

      After each crisis, there is a reform of the system. I.e. such a thing may happen, but for some other reason, if there is one. As far as I remember, they banned the approach where the company itself valued its own assets, as in this example. So no more passing off rotten fish as fresh fish and selling above its value.

    • @LarsLarsen77
      @LarsLarsen77 Před měsícem

      @@Tony-. No, INDEPENDENT credit agencies valued their assets.

    • @NothingToPointOut24
      @NothingToPointOut24 Před 6 dny

      Look at it this way, there was a pandemic and the real estate market went up. People already expected this to happen again and because of 2008, a new market infiltrated every single major US market in the country. The Asian Market. And trust me, they will pay double or triple what you will pay on that house/apartment. And by doing so, increase the price of every single apartment/house in that general area.
      Incase you ever wondered how we got to paying as much for housing as we do.

  • @CShivery
    @CShivery Před měsícem +19

    The really sad thing is Americans didn't understand it in 2008, and they still don't understand it. I bought my house in January, 2008, at what ended up being pretty much the worst time to buy. Because so many of these high risk borrowers defaulted on their loans, they dragged everybody down with them. My $350,000 house went down in value to $200,000. I took a huge hit from the crash.

    • @ganthc
      @ganthc Před měsícem +24

      You only took the hit if you needed to sell or took out equity loans. If you stayed there how much is your house worth now?

    • @Dimes607
      @Dimes607 Před měsícem +2

      only if you needed to sell. otherwise you made out when the taxes on the house went down

    • @mybocks3
      @mybocks3 Před měsícem +4

      Only if you were a house flipper. If it was a long term investment, or where you planned to live it didn't matter. It's the same mistake people make in thinking about the stock market. As long as you own the asset, you haven't lost anything.

    • @CShivery
      @CShivery Před měsícem +17

      Thank you to all the commenters who proved my point that Americans to this day don't understand the 2008 Stock Market Crash. One uniquely American trait in the modern era is to see themselves as (A) the only one whose opinion and whose loss matters and (B) temporarily displaced billionaires, they show no interest or empathy of the average working man's plight.
      What the 2008 crash did was (1) raise interest rates on variable rate loans, (2) destroy 401(k) investments, and (3) close American factories. We lived near an IBM factory that shut down because of the downturn. It was crazy to see all the neighbors who just abandoned their houses. We were both facing being laid off and our 401(k) retirements were left pretty much useless, so we ended up doing a short sale and changing careers to keep from being homeless. We were professionals who I'd say were very comfortable, but we didn't come from money. Corporations got great bailouts. I went from a $100,000 career to starting a new career at $34,000. We're doing better, but my wife and I met almost every benchmark of people who'd be hit hardest by the 2008 Stock Market Crash.

    • @josiahjones9521
      @josiahjones9521 Před 23 dny

      350 back then, 3/4 mill right now.

  • @garrettcal1812
    @garrettcal1812 Před 24 dny +1

    Next to Brad Pitts scene. "Just don't fucking dance." This takes a back seat.

  • @joshcantrell8397
    @joshcantrell8397 Před 13 dny

    Gotta love the fact the treasury allowed this to happen

  • @njdriving
    @njdriving Před měsícem +5

    The govt shouldn’t be backing any mortgages or any kinds of loans for that matter…

  • @TP1988
    @TP1988 Před měsícem +4

    His name is *YANG*.

  • @EmigTune
    @EmigTune Před 6 dny

    "So mortgage bonds are dog shit,
    CDOs are dog shit wrapped in cat shit"
    Steve Carell is awesome.😂

  • @solodollloooooo
    @solodollloooooo Před 29 dny +1

    We need more movies like this one

  • @muhammadjawadzahid9675
    @muhammadjawadzahid9675 Před měsícem +5

    Anthony explained it so well that the powers that be, decided he needed a permanent vacation

  • @alexww8606
    @alexww8606 Před 26 dny +3

    As an Econ student, all my knowledge of the Financial Crash comes from this movie

  • @BiffTannenBTTF
    @BiffTannenBTTF Před 6 dny

    I lived through the crash, working in the Real Estate industry. I got in the industry in 2009 and it was a crazy time.

  • @ichuisaac123
    @ichuisaac123 Před 15 dny

    I can’t stop seeing brunette Ryan Gosling in my nightmares someone help me

  • @ryanm2834
    @ryanm2834 Před měsícem +17

    It's explaining 2008 and soon 2026 also

  • @threedeenyc6680
    @threedeenyc6680 Před měsícem +3

    Federal Reserve. Fiat Currency. Fractional Reserve banking. This movie stopped short of the real reason the market went bust.

  • @simonmcguire4290
    @simonmcguire4290 Před 28 dny +2

    Forgot all about this movie, absolutely brilliant and worth a re-watch off the back of this clip. Funny and horrific in equal measures 😬

  • @fiskmasadventures
    @fiskmasadventures Před měsícem +2

    Always liked the seafood stew metaphor - it works in some aspects of society, for example doing it in a restaurant would be positive from both guest, waste and ownership standpoints.
    ...It just REALLY shouldn't be used in some other areas of society.