Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Red Oak

(697 posts)
Tue Feb 16, 2016, 12:57 AM Feb 2016

Director 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, he’s 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

13 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Director of ‘The Big Short' on Clinton: I really want her to see my movie (Original Post) Red Oak Feb 2016 OP
I have the book on audio.com angstlessk Feb 2016 #1
My daughter and her boyfriend went to see that movie. They said it was very good. liberal_at_heart Feb 2016 #2
The movie showed what we Sanders supporters are fighting. 5 trillion dollars moved rhett o rick Feb 2016 #3
she would fit right in with the plot amborin Feb 2016 #4
... tosh Feb 2016 #5
Bill and Hillary were the foundation of the financial crisis Red Oak Feb 2016 #6
"Wonder why Hillary won't release those transcripts?" Spitfire of ATJ Feb 2016 #8
It's an interesting perspective.... Spitfire of ATJ Feb 2016 #7
Thank you. JDPriestly Feb 2016 #9
Yes. Well done. Festivito Feb 2016 #12
Watching this movie reminded me I still have my Blackberry too. Spitfire of ATJ Feb 2016 #13
K&R quantass Feb 2016 #10
Kicked and recommended. Uncle Joe Feb 2016 #11

liberal_at_heart

(12,081 posts)
2. My daughter and her boyfriend went to see that movie. They said it was very good.
Tue Feb 16, 2016, 01:02 AM
Feb 2016

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)
3. The movie showed what we Sanders supporters are fighting. 5 trillion dollars moved
Tue Feb 16, 2016, 01:30 AM
Feb 2016

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.

Red Oak

(697 posts)
6. Bill and Hillary were the foundation of the financial crisis
Tue Feb 16, 2016, 02:21 AM
Feb 2016

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)
8. "Wonder why Hillary won't release those transcripts?"
Tue Feb 16, 2016, 03:30 AM
Feb 2016

For the same reason Romney wouldn't release his taxes.

 

Spitfire of ATJ

(32,723 posts)
7. It's an interesting perspective....
Tue Feb 16, 2016, 03:26 AM
Feb 2016

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.

Festivito

(13,452 posts)
12. Yes. Well done.
Tue Feb 16, 2016, 04:27 AM
Feb 2016

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.

Latest Discussions»Retired Forums»2016 Postmortem»Director of ‘The Big Shor...