>>1045909 They were, but it wasn't as pervasive as the movie seems to indicate. It was more subtle and hinted at. Look at any news articles or finance magazines that were published at the time. Even if you read the Wikipedia article on the mortgage crisis, one of the causes is stated as "large number of low income immigrants given mortgage loans". It's not like they're fooling anyone though. The general public is naive but they know, even if in a vague sense, that it was the banks that caused this.
>>1045917 >shady landlords Yea you're right, it shouldn't have been the main focus, but it was a pretty common occurance. A lot of people that owed more money than thier house was worth just decided to default on thier loans. I don't blame them. The shady ones were the landlords that still decided to charge thier tenants rent when they themselves weren't paying thier mortgage. I'm not sure about other states but in California you couldn't evict someone who defaulted on a mortgage loan for a whole year. That means that people who bought homes during a bubble (some of them on ARMs or Ninja'd in) who were on FHAs and only put 3.5% down with barely any equity in the property, actually profited. The people who made the riskiest purchases and should have been hit the hardest ended up benefiting the most by illegal means.
it was ok the reason i died a little inside though was every time gozzle would explain a financial term, he'd be like "and now here's somebody else to explain it in even stupider terms, because you're MAIN STREET and that's how we relate to you"
No, that's what I mean. The subject matter was very interesting but the execution of the characters by the actors just made me grate my teeth.
Steve Carrell's character was atrocious, Bale's character made me want to stab myself in the face with a broken beer bottle, Gosling's character felt contrived and the two garage trader dorks were unbearable.
I'm not saying that the actors were so good that they made me loath the IRL characters, no, the actors themselves did such a bad job, they ruined what could have been a decent flick.
There was another really bad movie about the 2008 crisis from a while back, it was equally bad and even more forgettable: I think it had that fag with the eye brows that plays spock.
>>1045909 It literally was partially their fault though.
Mortgage brokers give every home buyer a payment schedule that explains what each payment is and how much goes towards interest and principle. Even if they were misled verbally by the broker, they could easily check the timetable of payments
Only people who judge a movie by whose in it rather than whats in it could like this lazy ass movie. All of Christian Bale's scenes were filmed in one room. Steve Carell is just awful. It feels like they filmed this in a week, threw some wolf of wall street references and called it a day.
>>1045932 It wasnt directly the banks it was the democracts under Clinton. They wanted every one to have a house, even when they couldnt afford it. Hence they all defaulted because "a home for everyone" sounds nice for democrats.
The issue was home owners who were speculating and purchasing large numbers of houses they couldn't make the payments on with the intention of flipping the houses for a profit. Think of the scene where there's the stripper who owns six houses and a condo.
>>1046737 The collapse of Freddie mac caused the crisis. And Freddie mac is a government sponsored enterprise, and incredibly corrupt. FM pools mortgages into MBS or mortgage backed securities, which were then insured against default with credit default swaps, and given a AAA rating from credit rating agencies. Then they were sold to everyone. All these mortgages failed.
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