The movie's is about a few folks shorting the housing market around the time of the subprime mortgage crisis

the amount of fraud going on in the banking industry is quite depressing and it doesn't seem like there's any cure for it since all they do is pay a cut of the profits they made of screwing people over

nawwwww

Was good movie. Saw it 4 times.

Margin Call was much better and less effeminate in its exposition.

If people didn't want to get screwed over, they would learn math and not get loans with payments twice their salary

Or then we could make loangivers more accountable for their exploits. The problem is that in the case of an ignorant loantaker, there's nobody to stand behind him. Loangivers are rarely ignorant of their own terms and they usually know a thing or two about how the process works out in the large and long scale, so what we have is a clear case of information asymmetry. The most feasible way to correct the asymmetry would be authoritarian measures that penalize banks for making contracts that fuck their customers over. The biggest hurdle is that authoritarianism rings a bad bell in the contemporary economical discussion, even though there's nothing intrinsically bad about it when the result would be less misery.

This post was edited by Neptunus on Jan 31 2016 08:12am

Yeah some people are just dumb with money. It happened in the movie, I don't know about real life though, where someone renting a house was paying rent but the landlord still couldn't afford the mortgage so they got kicked out. But I'm sure that's a small minority of people that lost houses.

Banks are crooked, they just get away with their fraud.

Just saw it, good shit.

Its true. Half of the problem was clients overextending themselves, but the other half was indeed the banks knowingly doing it and the government passively "okaying" it. The government even encouraged this behavior. The biggest twist though is that the largest mistake in the crash was actually an added government regulation, mandating banks to meet a minimum criteria of mortgages, which in turn caused banks to lower their lending standards.

If people in the government or elsewhere took a more decisive stance on either one of those two fronts, a lot of suffering could have been avoided.


Was still a solid movie overall.

if only those queers in Oregon took up arms vs corrupt bankers