2016 Postmortem
Related: About this forumDirector of ‘The Big Short' on Clinton: I really want her to see my movie
"McKay, who has earned an Academy Award nomination for his direction of The Big Short an adaptation of Michael Lewis comedy-horror insider chronicle of the 2008 financial crisis is a big Bernie Sanders supporter, a huge Elizabeth Warren fan and a potential hold my nose Hillary Clinton general election voter. In other words, hes a progressive Democrat under the age of 65."
http://www.politico.com/story/2016/02/director-of-the-big-short-on-clinton-i-really-want-her-to-see-my-movie-219297
Glenn Thrush, Politico
angstlessk
(11,862 posts)I am looking forward to the movie....as soon as I finish the book
liberal_at_heart
(12,081 posts)I wish I had seen it but hubby wasn't in the mood for a movie that would piss him off.
rhett o rick
(55,981 posts)from the 99% to Clinton's 1% because of that "crisis". Nothing was done to prevent it happening again. Clinton's friend Goldman-Sachs made out like bandits while people I know lost jobs, homes and retirements. Fuck the status quo that Clinton and her fans are pushing.
amborin
(16,631 posts)Red Oak
(697 posts)The deregulation of the derivatives market, signed into law by Bill Clinton, with Hillary lobbying for it, was a major, many economists say THE major cause of the financial crisis of 2007 and the Great Recession. See: https://en.wikipedia.org/wiki/Gramm%E2%80%93Leach%E2%80%93Bliley_Act
It took the banks some time (from 1999 to 2007) to burn through honest mortgages and to develop the toxic sub-prime fraud that brought the world's economy to its knees. Goldman just last month paid a $5.1Billion dollar fine for fraud for this. (Guess what - no one went to jail or even got a parking ticket, but they paid the government $5.1B (but not to the people they screwed out of homes and savings).
Bill Clinton, with Hillary, did this.
And this doesn't even include the horrible "free" trade deals that Bill (and Hillary) promoted such as NAFTA and getting China into the WTO.
If there is a point cause, it was Bill being lobbied by the money on Wall Street to deregulate.
Sound familiar?
Wonder why Hillary won't release those transcripts?
Spitfire of ATJ
(32,723 posts)For the same reason Romney wouldn't release his taxes.
Spitfire of ATJ
(32,723 posts)Told from the perspective of money managers who saw the entire world economy was built on fraud and bet against it. They are anti-heroes in that they made a fortune while the world suffered.
I didn't agree that it was all stupidity as mentioned in one part of the film but then they cover the criminality when they talk about the bailout. (They knew, they just didn't care) People should have gone to jail. The corrupt ratings agencies even had the nerve to retaliate against even the slightest TALK of holding them responsible by lowering the credit rating of the United States itself. (Something the movie didn't cover in the post crash)
The banks got a bailout, then another quiet bailout, then a "secret" bailout. All told the amount they got was equal to the total value of all of the real estate in the United States and they are still going after the homeowners who they screwed out of their homes as if they never got paid a dime.
Flash forward 7-8 years and Hillary is claiming the banks and Wall Street were not involved or were minor players and she points at places that can't sue her for fingering them because they went out of business.
JDPriestly
(57,936 posts)Festivito
(13,452 posts)Movie shows them thinking it was stupidity, then they realize it wasn't. The fix was in. "Bernanke walked out of the White House." The banks could refuse to admit the CDOs were losing value because the gap was to be filled by our tax dollars.
Enjoyable, good movie. Fantastic primer on the crash. I can't say how amazing it is that a movie about this crash could be as interesting as this movie is. And, not just for DUer level readers.
Spitfire of ATJ
(32,723 posts)Uncle Joe
(58,425 posts)Thanks for the thread, Red Oak.