The Big Short

[A.J. Holst]

Playing on Netflix.

Simplified explanation of the 08 meltdown, but overall enjoyable film.

System broke down based  the premise, "who the he'll doesn't pay their mortgage."

Then add unchecked greed and tin foil hat conspiracies that everyone (or nobody) knew.

Synthetic CDOs...you find out at the end of the film, investment banks are still doing them under a new name.

Most non credit union auto lenders use the ABS market to  obtain funding for new loans. They use the loans they originate as asset-backed-securities. As the loans pay, the lender pays the security holders and retains the difference in rate to cover expenses and earn profit. Delinquency rates in these pools are reaching levels and in some cases higher than 2006. 2015 had record setting car sales...demand  or relaxing of credit standards?

Another tax layer bail out?

Wall Street and Government have learned tax payers pony up  without representation ...S&L Bailout of the 90s, 2003 government kick in for our mini recession, 08 of course.

What's next?

 

Edited July 17, 2016 by Gotthegoods

[Sam1]

no one knows.

Oh there a correction coming!  market drops 10% in 48 hours.  Oh the correction is over, market goes up 12% in 48 hours.  Everything is safe now!

makes no sense.

[gregintenn]

I watched that movie a few nights ago. I really enjoyed it.

[btq96r]

Saw it in theaters last year.  Steve Carell especially was awesome.  Margot Robbie in the bathtub was hilarious.

There is talk of turning Flash Boys into a movie, that one will be just as good if it ever makes it to the screen.