The Big Short was a complete turnaround for comedy filmmaker Adam McKay. The director that brought us raunchy comedies like Step Brothers was suddenly Oscar nominated. The Big Short was nominated for Best Picture, Best Director, Best Supporting Actor, and Best Film Editing. McKay won Best Adapted Screenplay alongside Charles Randolph. The Big Short: Inside the Doomsday Machine is a non-fiction book by financial journalist Michael Lewis about the U.S. housing bubble that led to the financial crisis of 2007-2008. The Big Short is just as confusing and difficult to follow as I expected. I understand the severity of an economic collapse, but financial jargon confuses me no matter how old I get.
Which is why McKay was smart to have a semi-comedic tone with several characters breaking the fourth wall and using celebrity cameos to explain complex financial terms. The Big Short owes a lot to The Wolf of Wall Street, so it only made sense to have Margot Robbie explain subprime mortgages in a bubble bath. Anthony Bourdain explains CDO while cooking and Selena Gomez explains synthetic CDO while playing cards with Richard Thaler. They’re an entertaining addition to the true story, but the ensemble cast is just as stacked. Christian Bale earned his nomination for the barefoot anti-social hedge fund manager Michael Burry. He was the first to short or otherwise bet against the housing market until its inevitable collapse. Tracy Letts is one of his prime investors Lawrence Fields. Ryan Gosling is the smug narrator and salesman Jared Vennett who benefits financially from Burry’s prediction.
The only outright comedian is Steve Carell, but this is when his career took a dramatic turn. Mark Baum is the frequently on edge hedge fund manager who ends up shorting despite moral objections. Marissa Tomei is Baum’s wife who tries to keep him centered. John Magaro and Finn Wittrock are young investors Charlie Geller and Jamie Shipley who team up with Brad Pitt as former trader Ben Rickert who points out how wrong it is to profit off people losing their jobs and houses. Scion Capital, FrontPoint Partners, and Brownfield Capital are all affected, but they rarely intersect. Melissa Leo, Karen Gillian, and Adepero Oduye play just a few of the women involved in the crisis. Max Greenfield and Billy Magnussen are two of the sleazier brokers who took advantage of underprivileged home buyers. I can’t follow everything, but The Big Short is a clever look at a troubling time in modern history.
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Margot Robbie explains subprime mortgages