Three Movies You Should Watch to Understand the Economic Collapse of 2008
Most of us know a lot about 2008 but maybe there is a bit more to know: "Some commentators argue that the American economy has not recovered from the collapse of 2008. The lingering recession and slow growth certainly played a role in the election of Donald Trump. These films are worth watching to be reminded of what happened, why it happened, and why it may not be over."
The article houses 3 short promotional clips of each film, I admit to being intrigued.
The Big Short even..." stops at various points to actually instruct the viewer in the problem at hand."
I found all three of these movies on Netflix.
Have any of you seen one of these movies?...tell us what you think.
The article houses 3 short promotional clips of each film, I admit to being intrigued.
The Big Short even..." stops at various points to actually instruct the viewer in the problem at hand."
I found all three of these movies on Netflix.
Have any of you seen one of these movies?...tell us what you think.
I loved "margin call". It's a tight drama (screenplay nominated for Academy Award) well worth watching. Not sure how much it tells about the underlying causes. It's good on the mind-set. The writer/director J.C Chandor (it's his first film) is the son of a Merrill Lynch investment banker and grew up in the environment. If you don't mind a "spoiler" -- and really we do know there was a melt-down, here is a critical meeting: https://www.youtube.com/watch?v=Hhy7J...
I think the slow growth recovery was Obama trying to recreate the FDR depression by using the crisis to expand the government and pile on regulations.
Thank you for your commentary, I will view the youtube clip next.
I thought Trump was going to stop that from happening...did I miss it?
Since when you are buying a house, the majority of your mortgage payment, at least in the first few years, is almost all interest. The amount of a loan you can afford is almost entirely driven by the interest rate.
With cheap loans people could pay ever higher prices for homes -- and they did. It was almost impossibly to make a bad purchase -- 105% LTV? Just wait a few months and you have a profit. If you can't pay the mortgage you can sell. Someone will pay more than you did.
But the Fed started raising rates and by mid 2006 it got to 5.25. Suddenly people who couldn't afford to pay for the homes they had bought started being unable to find a buyer. The monthly payments had risen too high.
The Fed started dropping the rates, but it was too late.
Thanks for posting, OUC. I did see The Big Short and I plan to watch the other two ASAP.
Margin Call seemed more like a cover up from Hollywood trying to make the traders who caused the crash appear less than guilty.
While I could feel some empathy for one of the brothers' situation in Hell or High Water, it just felt like a sloppily done production and the dialogue was very boring.
Movies like these give new meaning to the term "Money is the root of all evil". I will have to view the other 2 but I am sure there are and will be many more along these same lines. The Bernie Madoff story should be one we all pay very close attention to. Along those same lines I have often declared that Donald Trump made his decision to run for the Presidency simply because he played in the swamp with all the fat cat rip off artists and got burned a number of times while there. This is Pay Back and you can pretty much be assured many who screwed him are now paying for their deceit.
I take the same perspective on Trump, not affected by the Stockholm syndrome, he did what he had to the best way he could until he could no longer take it any more. He survived and prospered but witnessed all the immoral perversions that permeate the system and now he has the means to fight back and take out the system.
The question becomes: 1, will he retain his reignited moral roots and stand tall as an example to us while playing the game against the system and those that run it? 2, will it last, will we be able to keep it or will we fall back to sleep only to be over powered again.
I enjoyed "The Big Short". I got to work in the industry for several years and the regulatory framework that the Feds set up not only drastically changed what you see in that movie, but it crushed the little firms (thanks Obama).
As for what's also a good action movie, I've already seen Hell Or High Water (for it came with subtitles) via Netflix.
These brothers had really come to hate banks. Ironic is how they used a bank to turn loot into a trust fund for their kids to escape the cycle of poverty.
A lawman, who had the brothers pegged but lacked evidence for an arrest, told them, "Oh, the things we do for our kids."
I use it all the time because I can't watch with a normal volume level at work or at home unless I am alone. My wife only enjoys "Stupid" and so called, reality TV....she doesn't want to learn anything more about anything.
https://dvd.netflix.com/Movie/The-Dev...
A lot of cheap horror movies say "No" beside subtitles. Me dino was curious about The Queen Of The Desert with Nicole Kidman in it but it says "No."
https://dvd.netflix.com/Movie/Queen-o...
As for The Big Short and Margin Call, I was surprised to find both in my queue stacked with over 400 flicks--al with subtitles but sometimes a claim to subtitles turns out to be a lie.
Liars get returned with one star which means "I hate it."
I kicked both of your recommended flicks to the top. I'll see them next weekend.
My queue method may be excessive but it really paid off when a F5 tornado missed me by a quarter of a mile. My cable and internet was out for a month, though the power was back on in 3 days.
So how did I watch TV? Had my own collection of some favorite DVDs and Netflix kept sending me movies as fast as I'd watch and return them.