Wednesday, December 30, 2015

The Big Short

It is ludicrous to believe that asset bubbles can only be recognized in hindsight. There are specific identifiers that are entirely recognizable during the bubble’s inflation. One hallmark of mania is the rapid rise in the incidence and complexity of fraud…. The FBI reports mortgage-related fraud is up fivefold since 2000. Bad behavior was no longer on the fringes of an otherwise sound economy; it was its central feature.

Awesome adaptation of Mike Lewis' book (although the book was much funnier); Steve Carell has the best role and he has done a phenomenal job. Although nothing changed with Wall Street since the book came out; I am glad at-least we got a good movie.





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