
Three separate but parallel stories of the U.S mortgage housing crisis of 2005 are told. Michael Burry, an eccentric ex-physician turned one-eyed Scion Capital hedge fund manager, has traded traditional office attire for shorts, bare feet and a Supercuts haircut. He believes that the US housing market is built on a bubble that will burst within the next few years. Autonomy within the company allows Burry to do largely as he pleases, so Burry proceeds to bet against the housin... (Full plot summary below)
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Three separate but parallel stories of the U.S mortgage housing crisis of 2005 are told. Michael Burry, an eccentric ex-physician turned one-eyed Scion Capital hedge fund manager, has traded traditional office attire for shorts, bare feet and a Supercuts haircut. He believes that the US housing market is built on a bubble that will burst within the next few years. Autonomy within the company allows Burry to do largely as he pleases, so Burry proceeds to bet against the housing market with the banks, who are more than happy to accept his proposal for something that has never happened in American history. The banks believe that Burry is a crackpot and therefore are confident in that they will win the deal. Jared Vennett with Deutschebank gets wind of what Burry is doing and, as an investor believes he too can cash in on Burry's beliefs. An errant telephone call to FrontPoint Partners gets this information into the hands of Mark Baum, an idealist who is fed up with the corruption in the financial industry. Baum and his associates, who work at an arms length under Morgan Stanley, decide to join forces with Vennett despite not totally trusting him. In addition to Burry's information, they further believe that most of the mortgages are overrated by the bond agencies, with the banks collating all the sub-prime mortgages under AAA packages. Charlie Geller and Jamie Shipley, who are minor players in a $30 million start-up garage company called Brownfield, get a hold of Vennett's prospectus on the matter. Wanting in on the action but not having the official clout to play, they decide to call an old "friend", retired investment banker Ben Rickert, to help out. All three of these groups work on the premise that the banks are stupid and don't know what's going on, while for them to win, the general economy has to lose, which means the suffering of the general investor who trusts the financial institutions. That latter aspect may not sit well with Baum. Some of these assumptions may be incorrect and may be far more manipulative than they could have ever imagined, which in turn may throw curves into the process.
Leave your thoughts about The Big Short.
| Brooklyn MagazineAdam CookDramatically, it's a bit stilted and awkward, with uneven storytelling and a lack of real character development-but the film's performances, momentous editing, and prevailing attitude of sheer anger and frustration overshadow its lesser parts. |
| Daily Express (UK)Allan HunterDirector Adam McKay displays a little bit of Martin Scorsese's stylish swagger as he uses every possible means to make high finance seem sexy and compelling. |
| The Sun (UK)Alex ZaneAlthough it's easy to get caught up with these men and their mission, their success still means millions will end up homeless. That's the true success of The Big Short - it's such a tremendously enjoyable ride but leaves you reeling in frustration. |
| Liverpool EchoGeorgia MorganWe might not always keep up with McKay's dazzling film and its rapid-fire, whipsmart dialogue, but by the end credits, we're not far behind. |
| Cinema em CenaPablo VillaçaIt's always entertaining without forgetting the seriousness of the story it's telling. [Full review in Portuguese.] |
| Screen It!Jim JudyA thoroughly engaging, entertaining, funny and ultimately horrifying look at what happened to our financial system. (Full Content Review for Parents - Sex, Profanity, Violence, etc. - Also Available) |
| Killer Movie ReviewsAndrea ChaseFast-paced, scathingly intelligent, wryly cynical, and totally engrossing from start to finish, it is a first-rate screed and a compellingly relevant film. |
| Capital Times (Madison, WI)Rob ThomasLike its oxymoronic title, "The Big Short" is a very funny movie that's dead serious about credit-default swaps and subprime mortgages, a great time at the movies that's also profoundly depressing at the end. |
| Charlotte ObserverLawrence ToppmanThe Big Short, which he directed and wrote with Charles Randolph from the book by Michael Lewis, jumps off the screen in every scene and pins an elusive subject firmly in place. |
| St. Louis Post-DispatchCalvin WilsonThe Big Short is the film that “The Wolf of Wall Street” wanted to be. |