#The big short characters movie#

He gives an order to his team to short everything by saying, вЂњShort everything that guy has touchedвЂ™. It just matters of time before the bubble bursts, and everything starts to go downhill from there. Only after the conversation with the bankers, who unconcernedly reveals all the potential risks, Mark Baum finally concludes that the risk is much larger than he ever imagined. They all expect the housing price to continue to rise.

They saw an alarming problem with many late payments, foreclosure of uninformative people. His team took the street and witnessed the housing bubble with their eyes. Unlike Michael Burry, Mark Baum does not dive into spreadsheets to find his answer he is more about the real world. He hears about the potential crisis, but not entirely sure about the scale of it. He is a fund manager who recently undergoes a family tragedy. Eventually, he was able to hold on long enough to make the trades and cleared his name, but it left a deep scar in him.ДЄnother character that affected and played a significant role in the financial crisis is Mark Baum, portrayed by Steve Carell. He predicted it so ahead of times that he had to hold on and potentially stuck with a significant loss. Michael BurryвЂ™s prediction about the market was correct, but his timing is off. Later, investors turned their backs with threats and lawsuits against him. As time goes by, while waiting for the market to collapse, he loses a lot of money, and his investors become impatient. He threw more than 1 billion dollars into CDS, which catches the attention of other stockbrokers, as well as confusion and fear in his investors.

Thus, he created a credit default swap (CDS), which is a short-selling investment strategy, and allowed him to bet against the United States mortgage market for profit. No one selling them seems to understand that concept cause they too busy making money and believed that the market is uncrashable. The main reason for this is because they based on high-risk subprime loans, which provide fewer and fewer returns. Since early on, even though no one trusted him, he recognized and believed that the housing market was unstable. In the film, he is a hedge fund managing director with socially inept. This paper will look at some of these individuals and how they contributed to the worst financial meltdown in history.ДЇrom the very beginning of the movie, the first character that discovered the potential crash of the financial market is Michael Burry, played by Christian Bale. These characters knew that the market crash was imminent, decided to use this knowledge to profit themselves, and short bet against the вЂњalways stableвЂ™ mortgage market. Within the film, there are three different stories, which all linked together because of the housing bubble.

#The big short characters movie#

Not only that, but the movie also focuses on some investors who foresee in advance the mortgage securities market will meltdown and crash. It helps the world to understand the economic collapse on Wall Street in New York, to the meltdown of the financial market, and its impact globally. Still, the director excellently added some pop-culture explanations of finance and humor between characters in the film to grab the viewerвЂ™s attention. The movie may be too dry for people without a finance background. The film tells the story that led up to the 2007-2008 financial crisis and the housing bubbles. The Big Short is a movie based on a non-fiction book вЂњThe Big Short: Inside the Doomsday MachineвЂќ by Michael Lewis in 2010.