Recession drama in The Big Short

Monday January 18, 2016 Written by Published in Entertainment

The Big Short first caught my eye for its star-studded cast.

 

How often do you see stars such as Christian Bale, Brad Pitt, Steve Carell and Ryan Gosling sharing screen space? The Big Short have them together and much more.

And then, when the Academy Award nominations were announced on Thursday, the movie bagged five nominations which includes Best Picture and Director.

Is it that good?

Yes. The Big Short is unique and probably one of the best biopics based on business to have been made recent times.

The movie is centered on the collapse of the American economy which resulted in a global financial crisis.

It is based on 2010 book of the same name by Michael Lewis and is about the financial crisis of 2007–2008, which was brought on by the build-up of the housing market and credit bubble.

The Big Short is about four outsiders, who predicted the financial meltdown and discovered the dark secrets of modern banking.

The movie is narrated by trader Jared Vennett (Gosling), who isn’t the main hero of the movie, but one of the clever ones who gains from the recession.

In 2008, hedge fund manager Michael Burry (Christian Bale) created a credit default swap market after discovering that the US housing market was highly unstable.

Burry’s bold investment was met with outrage from his investors, who threatened to pull their money out.

But Burry suspended the withdrawal as he awaited for the market to collapse, which it eventually did, skyrocketing his company’s profit.

Vennett after hearing Burry’s “insane” proposition, figured out the latter’s predictions could be true and decides to put his own stake in the credit default swap market.

He attracts the attention of another hedge fund manager Mark Baum (Steve Carell), who is convinced to join the scheme.

Baum also digs out the degree of fraud associated with the market which ultimately proves to be the major cause in the collapse of the economy.

Young investors Charlie Geller (John Magaro) and Jamie Shipley (Finn Wittrock), who turned their relatively modest investment into a $30 million fortune, get hooked in the credit default swaps scheme after reading about it in a flyer.

They seek assistance from retired banker Ben Rickert (Brad Pitt) to pull off the trades necessary to profit from the situation.

And when the global market eventually collapsed in 2008, these four who the business world thought were crazy had something to smile about.

Based on a true story, The Big Story must have been a tricky movie to execute especially when there is more than one scenario to focus on but director Adam McKay’s style of portraying the story makes it all easy to understand.

There are times when you can easily lose track of the plot because of the jargon associated with the subject matter and that’s when McKay, who is known for the hilarious “Anchorman,” sprinkles a bit of fun to get the audience back on track.

In a nutshell, The Big Short is about the dirty world of modern banking which led to a global crisis from - which many are still recovering.

It’s not for action lovers, because there is none. It’s more for those who value money and the life associated with it.

The Empire Cinema is also showing The 5th Wave, adapted from a young adult, science fiction novel, and it promises some thrilling action.

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