"In 2008, Wall Street guru Michael Burry realizes that a number of subprime home loans are in danger of defaulting. Burry bets against the housing market by throwing more than $1 billion of his investors' money into credit default swaps. His actions attract the attention of banker Jared Vennett (Ryan Gosling), hedge-fund specialist Mark Baum (Steve Carell) and other greedy opportunists. Together, these men make a fortune by taking full advantage of the impending economic collapse in America."
I saw a competition to win a double pass to an advanced screening for this film, but I passed on it. I then received an email specifically asking if I would like to go to the screening, but I was still hesitant. A financial film, starring an eclectic mix of male actors, it didn't catch my interest. But with free tickets available, and free time on my hands, I agreed to attend, and looking back on it, I'm glad I made that decision.
This is indeed a film based on a book about the global financial crisis of 2007-08, and it will spend time explaining to you the different aspects of it; credit default swaps, collateralized debt obligations etc. It sounds horrifically boring, but this film is well done. Directed by Adam McKay (the writer of Anchorman), his influences are ever-present in this biographical comedy-drama. That's right, comedy.
To make the content easier to understand, we are fed a mixture of narrators, actors breaking the fourth wall, and some eye-catching cameos from celebrities to help put difficult concepts into easy to understand terms. The fact that the film is based around someone creating something and having to convince people to help him achieve it, lends itself to a wide variety of explanations. That being said the over-explaining gets a multitude of responses too; sometimes it provides welcome comic relief, often rightly explains a complicated expression, but there are also times that it can come across patronizing and unwelcome.
In all honesty, I was a little uncertain at the start of the film. When I saw some shaky cam and documentary style footage, I thought my earlier hesitance may have been on the right track, but I soon became fully engaged in the film. Each main character had his own specific style of camera shot, which helped to separate the storylines and prevent confusion when switching focus between characters. But most importantly, I learned something with this film. I left that theatre with a greater understanding of what happened to cause the global financial crisis (and it had nothing to do with any possible causes that I had originally thought may have been to blame). I came out of the theatre understanding the hate that was directed towards the bankers and banks. I came out understanding the effects that it had on the United States (New Zealand was obviously affected to a much lesser extent).
I thoroughly enjoyed this film. when it ended, I was disappointed. I wanted it to continue on, and tell me what happened next. I was left with so many unanswered questions of "what next?". The actors performed well. Steve Carell was probably the actor that closely resembled his past work. Christian Bale, however, showed none of his action-era work, instead successfully pulling off a socially awkward outsider with a visual impairment. Brad Pitt manages to provide a stellar performance in a supporting role, not stealing the limelight.
While well explained, The Big Short requires a mature mind to understand, but I greatly recommend anybody from teen-age upwards to view this film. I would recommend purchasing this when released on DVD, but heck, now you can just stream it on Netflix!
Originally posted to: http://djin.nz/Kr6855