The Big Short

Synopsis: Three separate but parallel stories of the U.S mortgage housing crisis of 2005 are told. Michael Burry, an eccentric ex-physician turned one-eyed Scion Capital hedge fund manager, has traded traditional office attire for shorts, bare feet and a Supercuts haircut. He believes that the US housing market is built on a bubble that will burst within the next few years. Autonomy within the company allows Burry to do largely as he pleases, so Burry proceeds to bet against the housing market with the banks, who are more than happy to accept his proposal for something that has never happened in American history. The banks believe that Burry is a crackpot and therefore are confident in that they will win the deal. Jared Vennett with Deutschebank gets wind of what Burry is doing and, as an investor believes he too can cash in on Burry's beliefs. An errant telephone call to FrontPoint Partners gets this information into the hands of Mark Baum, an idealist who is fed up with the corruption in the f
Director(s): Adam McKay
Production: Paramount Pictures
  Won 1 Oscar. Another 37 wins & 79 nominations.
Rotten Tomatoes:
130 min

Hi ya Frank, how are the wife and kids?

You know, shouldn't y'all be considering

treasury bonds or utility stocks?

In the late seventies

banking wasn't a job you went into

to make large sums of money.

It was a f***ing snooze!

Filled with losers!

Like selling insurance,

or accounting

and if banking was boring...

Then the bond department at the bank

was straight up comatose.

We all know about bonds...

You give em to your snot nosed kid

when he turns fifteen

maybe when he's thirty

he makes a hundred bucks.


That is until Lewis rainieri

came on the scene at Salomon brothers

you might not know who he is

but he changed your life more than Michael

Jordan, the I-pod and YouTube put together!

Hey gentlemen, let's get

some money in here.

Let's make some money!

What do you say?!

You see, Lewis didn't know it yet,

but he already changed banking forever

with one simple idea.

The mortgage backed security.

Or... private label mbs

you got your average persons mortgage

fixed rate, thirty years, boring!

Same, small payoff. Right!


When you add thousands of them

all bundled together

suddenly, the yield goes up, but the

risk is still small, because...

Well, they're mortgages, and who the

hell doesn't pay their mortgage?

What exactly is the

credit-rating on this bond?

This bond gentlemen...

Is AAA-rating!

This is exactly what the Michigan state

pension fund has been looking for!

I'll buy twenty million!

Oh come on, live a little!

Twenty five million!

The money came raining down!

And for the first time, the banker went

from the country-club to the strip-club.

Pretty soon, stocks and savings

were almost inconsequential.

They were doing fifty, a hundred,

two hundred billion in mortgage bonds

and dozens of other securities a year.

And America barely noticed that it's number

one industry became boring old banking

and then one day,

almost thirty years later, in 2008

it all came crashing down!

Bear sterns was in a death spiral

and the fed brokered it's sale.

In the end Lewis Rainier's

mortgage backed security mutated

into a monstrosity that collapsed

the whole world economy

and none of the experts, or leaders,

or talking heads had a clue it was coming.

And I'm guessing most of you

still don't really know what happened.

Yeah, you got to have somebody to repeat

so you don't sound dumb, but come on

Our financial institutions are strong!

But there were some who saw it coming.

While the whole world was

having a big old party, few

outsiders and weirdos saw

what no-one else could.

Not me, I'm not a weirdo,

I'm pretty f***ing

cool, but we'll

meet again later!

These outsiders saw the giant lie

at the heart of the economy

and they saw it by doing something the

rest of the suckers never thought to do.

They looked

through the nineteen thirties

The housing market collapsed...


By approximately 8 percent.

And halve of all .. Eh... worries that...

It wasn't default.

There were.. Very...

Specific identifiers.

Extremely recognizable.

Wait... for instance

w-w-w-w one of the hallmarks of mania.

Is that rapid rise and complexity,

and the rates... they are fraud-ed

did you know...

They're going up!

I've always been.. More comfortable..

When alone.

I believe... maybe... it's because of...

My glass eye.

I lost the eye...

In a childhood illness.

Separates me from people.

Did you know... they're going up!

Highest frog-rates since

the nineteen thirties.

No, I didn't know that.

I mean.. Ghe Ghe Ghe...

Nine... nineteen thirty three

the fourth year of the great depression

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Charles Randolph

Charles Randolph is an American screenwriter and producer for film and television. Randolph was born in Nashville, Tennessee. He was a cultural studies and philosophy professor. At age 33, Randolph spent a weekend in Los Angeles giving lectures at the University of Southern California. From a chance meeting with someone who worked for the Farrelly brothers, Randolph was inspired to attempt screenwriting.Randolph is married to Israeli actress Mili Avital, with whom he has two children. more…

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Submitted on August 05, 2018

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