The Big Short (US, 2015)

You couldn’t make it up

Michael Lewis’ book The Big Short brilliantly explained how the financial system went tits up because of bankers’ fraudulent behaviour. I was sceptical as to whether a film could do the same especially when it needs to get a return on its $28m budget. It managed a $70m return at the North American box office and that’s an indicator that they’d made an entertaining movie; it’s also pleasing to report that it’s fully in keeping with Lewis’ book and makes no bones about the failure of capitalism.

So great credit to Brad Pitt’s Plan B company for producing it and the talent, Christian Bale, Steve Carell and Ryan Gosling – as well as Pitt – who appeared in it and made the film marketable. Unlike Scorsese’s The Wolf of Wall Street (2013, which was more interested in physical rather than financial debauchery, The Big Short focuses on the financial machinations of the few who realised that the system would crash because the mortgages it was built on were shit. McKay throws as many techniques he can think of to make it interesting (too fast to see editing, direct speech to camera) to keep our attention through the financial details and he, most of the time, succeeds. It’s also funny because in reality the behaviour of bankers was farcical except of course the outcome was tragic for the many ordinary folk who lost their jobs and homes.

The ending is particularly good: it offers a ‘happy ever after’ where everyone learned their lessons and the miscreants went to jail; this, of course, is appended with an ‘as if’. The real ending is that the poor and migrants are being blamed for the ‘master of the universe’s’ faults and we are highly likely about to suffer another crash, except this time there’s no ammunition in central banks’ armoury (interest rates can’t get any lower). And what will the taxpayer think about bailing out the banks again? Head for the hills bankers!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: