I just watched The Big Short. Great film but how accurate is

>>1715559

In fact it's pretty acuratte on Dr. Burry's story, the rest of the Stories (Brownfield... etc) not so much, it's ok but not all the details.

>>1715559
>https://www.bustle.com/articles/136706-what-is-a-bespoke-tranche-opportunity-the-big-short-ends-with-a-big-warning

>movie ends with a blatant lie how everyone blamed poor people and immigrants

>>1715559
It's accurate to the workings of the derivatives, but it isn't accurate as to that being what caused the financial crisis.
That was the Reserve Primary Fund that really caused it by making everyone freak the fuck out.

>>1715559
Close enough that you won't get laughed out of the room if all your friends are normies. The ending was horrible with it's blatant propaganda about how bankers should have been jailed, etc.

>>1715601
From personal experience I have spoken to a few people who think the main factor is people with low credit scores, including immigrants, taking loans.

>>1715636
Emails from investment banks including Goldman Sachs shows they were aware that CDOs they sold (called Timberwolf) were "one shitty deal". This is securities fraud, which is a jailing offense.

The pension funds are also suing the credit rating agencies for misrating CDOs.

>>1715580
I loved the Dr. Burry character.

Is the top tier of the finance world filled with autistic geniuses?

>>1716195
Look up Abacus as well. Goldman has been crooked for a long while but they have so many employees go on to work within various governments that they can't be touched.

>>1716195

I'm no expert, but I still think that the risk is insufficient to result in another "Lehman moment"