“The Big Short” is a movie that truly lives up to it’s title. Not only does it describe how shorting in the “real estate bubble” caused several people to become very wealthy while the rest of the nation suffered but it leaves out the politics that caused this to occur in the first place. There is no mention of the prime cause, which is that the Federal Government put pressure on all banks to give mortgages to individuals who’s credit was warranted for such loans because of past wrongs some banks practiced in discriminatory actions. That the Presidency under Democratic and Republican administration continued this policy because it looked good that the housing market was growing and nobody wanted to be accused of discriminatory practices. The banks had a fiduciary responsibility to protect their own companies and therefore found instruments to hide such poor investments by bundling them together but of course this wouldn’t fit with the “liberal agenda Hollywood is glued too”. Of course many in Wall Street acted in a malicious, unethical and vicious way but the government created the shark in the first place and once it was created it kept building it’s kill. “The Big Short” is a fine movie that kept you interested in a topic that could have you reaching for the remote but a bit more balance would have made an excellent movie instead.
*** Big Short