Ryan Gosling explains how to turn debt into money | The Big Short | CLIP

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  • Опубліковано 4 сер 2022
  • Ryan Gosling has the millionaire mindset in this clip from The Big Short
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КОМЕНТАРІ • 938

  • @BoxofficeMoviesScenes
    @BoxofficeMoviesScenes  Рік тому +332

    Hi everyone! What grade (out of 10) would you give this video?

  • @Nhamp2000
    @Nhamp2000 Місяць тому +3851

    "The whores at the rating agencies". To me, the most important line in the whole movie. None of this happens if they rate the bonds as crap like they should've.

    • @markwilliams7091
      @markwilliams7091 Місяць тому +75

      Spot on.

    • @jhinckle90
      @jhinckle90 Місяць тому +136

      Moodys, standards and poors job isn’t at all to ensure fairness or equity, not exactly. No more than the commissioner of the NFL is, it’s really about ensuring people play by a set of rules. Since everyone was able to make obscene money, nobody complained and they were incentivized to keep the gravy train rolling. If they didn’t, they’d find someone else, as the movie mentioned. It’s why big banks are so predatory, they can afford to shaft the people, pay fines, and then get bailed out-none the worse for the wear.

    • @NovusGM
      @NovusGM Місяць тому +13

      If human beings were not flawed, this would not happen. Alas, we are flawed beings who make honest mistakes and worse.
      Which is why these things happen again and again.
      EDIT: Apparently, people are incapable of comprehending what they read. I have not linked the above to honest mistakes. The events leading to 2008, obviously, fall into the "and worse" category. I never imagined this could escape so many but whatever. I hope it is clear now.

    • @jhinckle90
      @jhinckle90 Місяць тому +31

      @@NovusGM well these weren’t honest, as a person who does banking. When a CDO is mostly BB and BBB-it’s unstable. Those are high risk, making sure 90 to 92% of them were subprime meant it could collapse. People banked on continued unparalleled and unchecked growth, coupled with lax laws and also, to whit, historical data that showed the housing markets stability. VAR, as they call it, is less than stellar at predicting unpredictability. With slow growth and a bad economy, this left many to default on houses in waves never seen before. It’s why now, it’s much harder to get a second house, as was more the custom two decades ago-not to mention inflation being sky high, interest rates being astronomical and other factors.

    • @jhinckle90
      @jhinckle90 Місяць тому +6

      @@NovusGM cheap free money made us gluttonous and enticed us, banks still win if the have to collect on their lien.

  • @JaredKaiser24
    @JaredKaiser24 Місяць тому +2629

    “Explain it to me like I'm 5” - Michael Scott

    • @DRod1517
      @DRod1517 Місяць тому +47

      "Okay, but are you sure that's not being a little ambitious?"

    • @blue_scene
      @blue_scene Місяць тому +38

      ​@@DRod1517 " thats what she said "

    • @romainrahni8682
      @romainrahni8682 Місяць тому +19

      Okay here's the famous chef Anthony bourdain to explain ! 😂

    • @goblincomic4522
      @goblincomic4522 Місяць тому +32

      "Daddy and Mommy give you 10$ for lemon stand ...."

    • @johncarroll5178
      @johncarroll5178 Місяць тому +12

      Or a golden retriever.

  • @imademas3347
    @imademas3347 Місяць тому +862

    The way the Quant guy kept fixing his glasses nervously made him look even smarter

    • @AM-ml7et
      @AM-ml7et 28 днів тому +27

      HIS NAME'S YANG!

    • @imademas3347
      @imademas3347 28 днів тому +4

      @@AM-ml7et that exact moment just never fails to make me laugh 🤣

    • @Sebaz1835
      @Sebaz1835 27 днів тому +6

      And his his "i just got out of bed" hair

    • @keenynthewise
      @keenynthewise 16 днів тому +7

      @@AM-ml7etit’s actually Jiang, and he came in 2nd at the national math tournament

    • @mieblock4856
      @mieblock4856 11 днів тому +1

      Fkn hustlers lmao

  • @davideassis87
    @davideassis87 Місяць тому +1784

    This Office reboot is really wild.

  • @sarge-T.O.
    @sarge-T.O. Місяць тому +968

    Best scene in the movie.
    "He won a national math competition ...... in China!" 😅

    • @YorumiTech
      @YorumiTech Місяць тому +23

      😂 stereotype used as a tool to convince😂😂😂

    • @sasibudiarto3046
      @sasibudiarto3046 Місяць тому +19

      The hardest math competition in the world obviously😅

    • @areichental
      @areichental 25 днів тому +2

      Queue chinese housing crisis

    • @michaelurban2969
      @michaelurban2969 22 дні тому +1

      Our math competitions in the U.S. are dog poop wrapped in cat poop!

    • @JonLeonardF10
      @JonLeonardF10 22 дні тому

      Using Abacus 🧮 😊

  • @brunomunemassa8266
    @brunomunemassa8266 Місяць тому +1357

    I love how Jiang tries to play himself a little down but he's still smart as hell.

    • @calzonesdefuego8523
      @calzonesdefuego8523 26 днів тому +21

      Humbleness is a virtue

    • @dontokoi30
      @dontokoi30 26 днів тому +69

      Jiang probably hates the guy but will keep his mouth shut, knowing they'll get rich together.

    • @youbigtubership
      @youbigtubership 26 днів тому

      He enjoys white privilege too.

    • @yuriel6691
      @yuriel6691 19 днів тому +11

      ​@@dontokoi30 that's exactly how the world works 😂 you work with people you don't like to get more money

    • @arfx7521
      @arfx7521 17 днів тому +2

      @@yuriel6691 Nope.

  • @BigstickNick
    @BigstickNick Місяць тому +743

    Love how even the dude with him got the answer wrong

    • @TheLirJEt86
      @TheLirJEt86 Місяць тому +73

      He really didn’t cause a few lines later he says “opportunity” and his boy kinda smirks. Peep it it’s funny

    • @generaltheory
      @generaltheory Місяць тому +6

      This got me all sorts of hysterical emotions when I first saw the film. Now I'm just rofling HARD to this.

    • @scipio2074
      @scipio2074 Місяць тому +14

      whatever he's gonna answer to that will be wrong because Ryan was playing at him.

    • @calumcookson740
      @calumcookson740 29 днів тому

      Fckin A

  • @csabaimate
    @csabaimate Місяць тому +492

    I'm happy for Kendall Roy, he's doing good after his beef with the family.

    • @devanshdesai8926
      @devanshdesai8926 Місяць тому +8

      Na he was here thats why he had beef with his family

    • @raleighcunningham2538
      @raleighcunningham2538 15 днів тому +1

      dude really shit the bed

    • @Gringo-Billy
      @Gringo-Billy 10 днів тому +2

      His bed is his toilet. Optimism!

    • @anthonyreed480
      @anthonyreed480 7 днів тому +2

      At least he's running with one of the Green Street hooligans.

  • @Anthony-ot8vl
    @Anthony-ot8vl Місяць тому +828

    This movie is so underrated. It's funny yet puts things in simple terms how things went down.

    • @possiblyinsane6995
      @possiblyinsane6995 Місяць тому +27

      i must be stupid cause i still dont understand

    • @rellrylio5567
      @rellrylio5567 Місяць тому

      @@possiblyinsane6995You have to watch the whole movie 🍿
      Some terms are difficult to understand but you get like 85 per cent of it 💯

    • @degensanonymous
      @degensanonymous 24 дні тому +6

      I don’t know anyone that underrates it? I assumed (wrongly it seems) that everyone thought it was a blinder..

    • @zd9386
      @zd9386 22 дні тому

      Basically investment banks sold bad assets and then provided insurance on the assets "credit default swap". Everyone kept doing this until the amount of money the insurance would have to pay out was more than they could afford. The United States Government didn't want the majority major banks to go bankrupt so they bailed out the debt owed with extremely favorable loans.@@possiblyinsane6995

    • @stickystick105
      @stickystick105 19 днів тому +2

      ​@@possiblyinsane6995 It's ok. It's meant to be hard to understand.

  • @tomas.lambert
    @tomas.lambert Місяць тому +497

    Every time I had a course in college and they wanted to explain the 2008 crash, they told us to watch this movie cause of how well it explains the concepts

    • @DarrinSK
      @DarrinSK Місяць тому +32

      And not a single word was said about Central banking controlling interest rates through Fiat

    • @teachingwithipad
      @teachingwithipad 29 днів тому +5

      @@DarrinSKthank you!

    • @MarlinFinancialAdvisors
      @MarlinFinancialAdvisors 27 днів тому +4

      @@DarrinSK thats got nothing to do with it.

    • @Grande79
      @Grande79 19 днів тому

      @@DarrinSKor Congress regulations that incentivized banks to loan to people who they knew could not pay back the loans

    • @enclave6285
      @enclave6285 17 днів тому +16

      Actually it does. In the lead up to the financial crisis the government was pushing wider credit availability and variable rate mortgages. Then the fed cut rates making these no downpayment variable rate loans look appealing. Then they drastically raised rates. Tell me again how the government had no part in this crisis?

  • @zachtuesday
    @zachtuesday Місяць тому +304

    “My whole department’s long on this stuff. They call me chicken little. They call me bubble boy” - bar after bar in this scene

    • @AC-iz7eh
      @AC-iz7eh Місяць тому +10

      Not an American didn't get the context would you be kind enough to explain 😂

    • @Dntjockme43
      @Dntjockme43 Місяць тому +27

      @@AC-iz7eh two comedy movies where the main character is clowned extensively for their beliefs/motives, so ryan was relating to them

    • @shaun4772
      @shaun4772 Місяць тому +25

      @@Dntjockme43 It works on another, more literal level too. In financial markets, when a stock or a sector is overbought because it's believed that it's "too big to fail", then it's described as a bubble, as in it's a market that's heavily inflated and just waiting to pop.

    • @brock5946
      @brock5946 Місяць тому +2

      ​@@shaun4772I understood where bubble boy came from but not chicken little lol but after Dnt's explanation I recall it being a movie haha

    • @jamescrock2213
      @jamescrock2213 Місяць тому +1

      They call me night master

  • @obvioustruth3000
    @obvioustruth3000 9 днів тому +12

    "That's a nice shirt, do they make it for men?"
    I think that was a genuine laugh that they almost broke character.

    • @colonelkurtz2269
      @colonelkurtz2269 6 днів тому

      Like Mazda Miatas are nice cars. What color purse does it come with?😅

  • @oakleyorbit
    @oakleyorbit Місяць тому +406

    Supposedly the dude with gosling is one of his closest friends, And then says “Shut your fuckin mouth”😂 what a delivery to your boy!!

    • @fryncyaryorvjink2140
      @fryncyaryorvjink2140 Місяць тому +36

      I thought I had heard he was just a guy on the set of the movie, but they hit it off so well that they made him his assistant in the movie

    • @oakleyorbit
      @oakleyorbit Місяць тому +4

      @@fryncyaryorvjink2140 ohh ok maybe that’s what the story is.. 2nd hand information not always trust worthy!

    • @willmiller7693
      @willmiller7693 Місяць тому

      @@fryncyaryorvjink2140yeah there’s a few diff sites w interviews w the guy. Pretty cool story imo

    • @matchesmalone2625
      @matchesmalone2625 Місяць тому +4

      @@fryncyaryorvjink2140that’s what he was. Just some dude lol

    • @bully3628
      @bully3628 Місяць тому +21

      I read that he was originally just supposed to be an extra with no speaking lines, but him and Gosling hit it off so well on set that they wrote a couple of lines for him in this scene.

  • @veltcardio
    @veltcardio Місяць тому +591

    “Look at his eyes!”
    “That’s pretty racist”

    • @khaagos
      @khaagos Місяць тому

      I love how the idiots from Michael Scott's (IDK his real name or his character's name in this movie) only cling on irrelevant details and make comments about anything, but the real issue they are there to find out about. A bunch of useless twats 😂

    • @Jehty21
      @Jehty21 Місяць тому +16

      That's gay.

    • @benb9284
      @benb9284 Місяць тому +15

      @@Jehty21That’s homophobic.

    • @ElChronicler
      @ElChronicler Місяць тому +13

      @@benb9284 That's black

    • @benb9284
      @benb9284 Місяць тому +13

      @@ElChronicler That's racist.

  • @zachtuesday
    @zachtuesday Місяць тому +168

    One of the best scenes in a movie I’ve seen. Gosling steals the show in this movie.
    “MY QUANTITATIVE”

    • @justbodies877
      @justbodies877 16 днів тому +1

      My quant YANG! Understand!?~ Smartest guy that works for me and proves life! I have him!

    • @Grizabeebles
      @Grizabeebles 11 днів тому +1

      I find it terrifying that "guy who does the math to find out the actual value of a financial product" is a specialty job in finance and not a basic requirement for working in finance.
      It seems like an admission that the industry is overloaded with salesmen and middle-managers who don't actually know how anything works.

  • @Kraken9911
    @Kraken9911 Місяць тому +181

    Pitching a business idea AND roasting your client's shirt 😅. This movie never gets old.

    • @Grizabeebles
      @Grizabeebles 11 днів тому +4

      Roasting the shirt shows Gosling's character is good at reading a room. Someone made a personal jab at him and his motives, so he pushed back in a playground bully way to discourage further questions from the second-rankers. Then he looked the head of the firm directly in the eye and answered the question. "I am an outlier at my own firm. I am a salesman selling you a product. My product is fire insurance on a building that's already burning."

    • @ongaku7342
      @ongaku7342 10 днів тому

      @@Grizabeebles I like how you explained this. I watched this scene so many times, like 8 already and for the life of me I didn't get why the guy that said "Dora the Explorer" smirked at the jab.

  • @christiantarnoski1231
    @christiantarnoski1231 Місяць тому +248

    Getting second in a national math competition in the most populated country in the world and with how intense those kind of events get is insane. That "quant" is probably 10 times worth his current value.

    • @YOSHIERIDER
      @YOSHIERIDER Місяць тому +4

      Being good at math doesn't mean you have the skills to do a particular skill.
      Being fluent in English and good at math is a good start; he'd pick it up real quick I'm sure.

    • @christiantarnoski1231
      @christiantarnoski1231 Місяць тому +23

      @@YOSHIERIDER except that his work is ONLY about maths. So him speaking english is just a plus: 99.99% assured that he was hired 'cause he is good at maths. Most things can be learned, but innate world-class talent in a specific area (specially something so basic and yet important as maths) that has fully bloomed is something that has immeasurable value. Bennett himself more than likely has less value than his "quant" in the eyes of everyone that works in Wall-Street. Is actually quite easy to understand why: he saw an opportunity but only knows that is one 'cause the dude who is good at numbers did his job and confirmed his suspicions.

    • @generaltheory
      @generaltheory Місяць тому

      ​​​@@christiantarnoski1231How is digging into tables and just seeing that they're all filled with BS math?

    • @kaboomonme
      @kaboomonme Місяць тому +8

      ​@@generaltheory you'd be surprised at how many people would just collapse from mental exhaustion looking at a table, let alone analyze it. I would know, cos I'm one of them lol

    • @christiantarnoski1231
      @christiantarnoski1231 Місяць тому +9

      @@generaltheory moreover, the only person that got the time, capacity and the very idea of doing it was none other than Michael Burry, Bale's character. The dude saw the bubble after checking an insane amount of data from the market. A Quantitative Analyst's job (Burry and the "quant") is not just seeing those numbers but to turn them into valuable information by understanding how they are related and what they mean. And it was insanely hard to see at that: no one knew what was happening until Burry made the effort to check and then each group that shorted had their own "maths guy" check if he was right, which he was.

  • @ethanlouque2054
    @ethanlouque2054 Рік тому +2730

    This movie literally explained the housing market crash in 2008 to me

    • @jimmiller5600
      @jimmiller5600 2 місяці тому +80

      Watch Margin Call too.

    • @lowenization
      @lowenization Місяць тому +68

      you should prolly read a book or two instead, the movie gets a whole lot wrong

    • @josephrafferty6763
      @josephrafferty6763 Місяць тому +81

      ​@lowenization It does, but it's right in the essentials.

    • @samadams7224
      @samadams7224 Місяць тому +37

      We need a new movie to explain inflation.

    • @russellm785
      @russellm785 Місяць тому +75

      Most of these movies conveniently leave out Congress… this idea didn’t just pop into the mind of banks out of nowhere.

  • @vinniechan
    @vinniechan Місяць тому +419

    That seafood stew is a very under rated analogy
    If you think a bit more deeply it explains most crap in life

    • @AaronaCreates
      @AaronaCreates Місяць тому +2

      💯

    • @SOSOLRAK
      @SOSOLRAK Місяць тому +5

      Like??

    • @aaronvoss38
      @aaronvoss38 Місяць тому +73

      Except it's even worse. It would be like if the fish not only didn't sell, it didn't sell because it was contaminated. And then they put it in stew and spiced it up to where it didn't smell bad. But when you ate it... You puked your guts out

    • @WayStedYou
      @WayStedYou Місяць тому +13

      Except the seafood stew is still decent for you instead of a pile of dog poop

    • @Peterotica
      @Peterotica Місяць тому +11

      @@SOSOLRAKlike yo mom, used good. but put on some makeup, yo daddy picked her right up

  • @luxmaster
    @luxmaster Місяць тому +92

    the integrity of the Finance Industry explained accurately in this film clip. The "Rating Agencies" absolutely pointless.

  • @markwilliams7091
    @markwilliams7091 Місяць тому +77

    @1:26 "You're too close" Golden!

  • @lancet878
    @lancet878 Місяць тому +35

    “Let’s not talk about my margins” 😂

    • @Anthony-un4yz
      @Anthony-un4yz 16 днів тому +1

      "Nice shirt, do they make it for men?" LOL

  • @Birthhammer
    @Birthhammer Місяць тому +176

    I like how Steve Carrell runs a hedge fund and doesn’t know what a quant or a CDO is

    • @erikopnemer
      @erikopnemer 29 днів тому +35

      That's because it's the angriest hedge fund in America.

    • @menglongzzz
      @menglongzzz 25 днів тому +29

      That happens when Michael Scott is the manager.

    • @rawraj1578
      @rawraj1578 25 днів тому +12

      Because they were a new thing back then

    • @smartwhip.
      @smartwhip. 18 днів тому +12

      @@rawraj1578quantitative analysis was NOT new in 2008 😭😭😭

    • @chasfredricks
      @chasfredricks 16 днів тому +9

      I am in the middle of studying for the series 7 exam, and there's no way that he would not have known any of those terms

  • @DixieRect
    @DixieRect Рік тому +250

    fuckin' A Jared

  • @genericreference6969
    @genericreference6969 Місяць тому +11

    Love the way Jiang goes from full Beaker mode, looking blankly around and pushing his glasses up on his face, to his polished aside :)

  • @luisuzcategui5704
    @luisuzcategui5704 11 днів тому +23

    The quant joke is one of my favorite jokes in the history of movies, it's completely unexpected because if you pay attention they never show him until that guy asks Ryan's character if he's sure of the math, and after the joke, Yang breaks the 4th wall and explains the situation which makes it more hilarious, this joke was a masterpiece because its timing is on point, I was so focused trying to understand all of the Jenga metaphor and then suddenly this happens, amazing movie

  • @galiciaart
    @galiciaart Місяць тому +10

    This movie changed entirely how i view economics. I used to thought there was a kind of control in everything, a control that would keep things balanced, i was wrong

  • @VAOdin
    @VAOdin Місяць тому +69

    I always lose it when he explains his quant. Lol.

    • @chucklos391
      @chucklos391 Місяць тому +5

      The way the “quant” starts fidgeting adjusting his glasses and moving his head with confusion as everyone looks at him. He sold it well. Fucking hilarious! “I’ll give you a hint…his name is YANG!” 😂😂😂

  • @irakli9604
    @irakli9604 Місяць тому +19

    Most interesting role Gosling ever played

  • @DOMSGUITARS6140
    @DOMSGUITARS6140 Місяць тому +78

    I love this movie. Was so relevant to me as i bought my first house in 2007 for top price and a year later value of my house dripped by more than half

    • @SA2004YG
      @SA2004YG Місяць тому +2

      Whats it at now?

    • @DOMSGUITARS6140
      @DOMSGUITARS6140 Місяць тому +18

      @@SA2004YG well we lived there for 15 years and it came back and we sold for a profit in a good market at the time and we sold it almost two years ago n value of it still growing

    • @doctorx2771
      @doctorx2771 Місяць тому

      @@DOMSGUITARS6140So it’s all about time…

    • @Almightyboj
      @Almightyboj Місяць тому

      @@DOMSGUITARS6140Well done! That’s the beauty of property, even in a time of crisis as long as you can financially support yourself and ride out the tough times, the property will eventually catch up and make you money in the long run. Same goes for stocks etc. The difficulty is when you overextend and are unable to cover yourslef or your family during economic downturns.

  • @gmq402
    @gmq402 13 днів тому +16

    5:15 "Somehow you're like Dora the Explorer and you're the first person who found this thing" 😂😂😂

    • @noroardanto
      @noroardanto 10 днів тому

      Yup the screen writer is a genius

  • @beaubellamy2999
    @beaubellamy2999 Місяць тому +180

    This movie should be shown in schools everywhere

    • @adamdaniel8909
      @adamdaniel8909 Місяць тому +5

      Too much swearing...

    • @goober8798
      @goober8798 Місяць тому +22

      @@adamdaniel8909 I think the 1st graders can handle it.

    • @adamdaniel8909
      @adamdaniel8909 Місяць тому +4

      @@goober8798 that's fair...

    • @connoro1373
      @connoro1373 Місяць тому +4

      Was shown to us in high school

    • @edge21str
      @edge21str Місяць тому +8

      They will watch this, ignore everything fucked up about it and conclude that this was super smart and cool. Ever talked to kids who watched Wolf of Wallstreet? Belfort is their role model.

  • @GlassesAndCoffeeMugs
    @GlassesAndCoffeeMugs 26 днів тому +13

    Fun fact: None of these guys went to jail, in fact many gave themselves lavish bonuses with taxpayer-funded bailouts

    • @Pecisk
      @Pecisk 10 днів тому +5

      Not only that, movie explains how rich will use crisis to blame teachers and immigrants. And it did fucking happened.

  • @LloydChristmasful
    @LloydChristmasful Місяць тому +15

    When I first saw this movie and scene, I lost it because I thought he said “Mike Kwan, Mike Kwantitative!” 😂😂😂

  • @87in7
    @87in7 17 днів тому +14

    I like how throughout this scene, Steve Carell is doing his impression of Michael Scott doing an impression of Jim Halpert.

  • @GreatFavorit
    @GreatFavorit 10 днів тому +2

    i just love how chris says "opportunity" and is corrected into "no, money!", then later jared says "and that... is an opportunity" xD

  • @HughManatea
    @HughManatea 16 днів тому +3

    The fire insurance line really sums it up.

  • @velingtonfernandes8361
    @velingtonfernandes8361 Місяць тому +5

    The comic timings in this movie were insane

  • @TheJaviferrol
    @TheJaviferrol 29 днів тому +7

    I watched this movie for the first time as a teenager but didnt appreciate the brilliance of It until my 20s. Especially considering the worldwide financial crisis happened back then.

  • @davidrpriest
    @davidrpriest Місяць тому +37

    " I can hear you judging me. " LOL

  • @IC3_B3AR
    @IC3_B3AR Місяць тому +12

    The way he pronounces money got me rolling 😂😂😂😂

    • @BM-wy3wl
      @BM-wy3wl 16 днів тому

      MAHNE. You smell MAHNE.

  • @spaya003
    @spaya003 Місяць тому +2

    The accuracy of this is so great, best depiction of the IB community in a movie lol

  • @Danjr704
    @Danjr704 Місяць тому +9

    So relevant now. And even at end of the movie, they basically say everything the government did to supposedly prevent this from happening again, is essentially the same practices just with a different name.
    Inflation at crazy heights, salary growth is minimal, mortgage rates crazy high, yeah things are getting worse and no sign of improving

  • @deezynar
    @deezynar Місяць тому +55

    We were taught about the tulip bubble in 5th grade. Around 2004 I started telling lots of people about it. I thought everyone had been taught about it in school, but I was wrong. The fact that anyone got caught with their pants down in 2008 is ridiculous. Nothing keeps going up in value forever. Nothing.

    • @foxfireman188-ls1kv
      @foxfireman188-ls1kv Місяць тому +11

      Once again people in the know are incentivized to ignore what is happening. House prices keep climbing as private companies buy them up to flip or rent. Mortgage defaults aren't going to be the fuse for the next collapse. It'll be the lack of people able to afford all of these properties that companies can no longer unload, the market plateaus, and they're forced to maintain properties at a loss or sell at a bigger loss. As the bubble starts to go it becomes more expensive to maintain than to sell, and companies will race each other to get rid of these properties. Add to that all the CDOs and synthetic CDOs that will quickly become worthless and we've got another collapse.

    • @erickbravo5800
      @erickbravo5800 Місяць тому +5

      Im sure they knew. But too much opportunitt to make money kept them going. The ones responsible made a ahit ton of money. The regular joe got fucked. Same ol story.

    • @deezynar
      @deezynar Місяць тому

      @@erickbravo5800
      I knew people who were flipping houses and making money. They just couldn't get their heads wrapped around the fact that house values would not keep going up forever. So those people were not Wallstreet types, but greed was still motivating them to keep going when it started to look shaky. I told one guy that it was getting close to the end, and he refused to listen. He lost some money on a big house had built, and I don't have any compassion for him, or others in the same boat. As for people who were buying those houses to live in 05, 06, 07, and before the crash in 08, they were just idiots. The folks who bought before that were not quite as stupid, but even they should have understood that they were paying overvalued prices for a house and should have thought that they would lose the price different if the market had a correction.
      I bought my house in 93 just after the FED lowered the prime rate. I rushed out to buy because I knew that house prices were going to start going up. We bought an old, beat up house, and we got low mortgage rates. It is all paid off, and still beat up. I'll fix it up someday, but having a beat up house that is paid off is worth much more than a slick one that has a mortgage.

    • @imzjustplayin
      @imzjustplayin Місяць тому

      @@foxfireman188-ls1kv It will be a soft landing if the properties are not mortgaged.

    • @LarsLarsen77
      @LarsLarsen77 Місяць тому +2

      Bitcoin does.

  • @stevenbrown6079
    @stevenbrown6079 Рік тому +95

    AAA. They told us back then and here it comes again.

    • @KarlOlofsson
      @KarlOlofsson Місяць тому

      Well, that's why they also want to make us addicted to lifestyles we can't afford so that we stop caring about our financial futures.

    • @brock5946
      @brock5946 Місяць тому +1

      Boom bust boom

  • @andriinazarov5218
    @andriinazarov5218 Місяць тому +4

    the best scene in the movie. stellar performance from Ryan

  • @danielkcarica7425
    @danielkcarica7425 13 днів тому +4

    This movie should be #1 in the horror movies rankings.

  • @ShapeshifterOS
    @ShapeshifterOS Місяць тому +15

    And now we get to do this all over again with commercial real estate yay!!!

    • @LarsLarsen77
      @LarsLarsen77 Місяць тому

      Actually its car loans this time.

    • @ShapeshifterOS
      @ShapeshifterOS Місяць тому +1

      @@LarsLarsen77 Commercial real estate is a $20 trillion market.

  • @Xumenade
    @Xumenade Місяць тому +100

    6:13 the first time I watched this movie I thought, "why is he so mean to him," but several watches and years down the road I now I couldn't agree with Jared more

    • @jameskaihatu6209
      @jameskaihatu6209 Місяць тому +18

      The actor who played Chris was apparently an extra that they asked to play that role.

    • @dallasron51
      @dallasron51 Місяць тому +17

      They worked it out in advance. Treating the guy that way makes Ryan’s character look more dominant, which helped with his presentation to his doubting audience.

    • @stikkippy1481
      @stikkippy1481 Місяць тому

      Another aspect of it, you don’t gloat to the people you’re trying to fuck over. You do that after you leave the office.

  • @jimnasium3208
    @jimnasium3208 10 днів тому +1

    I rewatch this and Margin Call every time I see a video of it😂

  • @DavitBarbakadze
    @DavitBarbakadze Місяць тому +4

    This scene is legendary!

  • @rjsmith5339
    @rjsmith5339 Місяць тому +39

    The fact that no one went to jail for this is INSANE

    • @mrguy89
      @mrguy89 Місяць тому +2

      One person, technically. And technically, that is an infinite improvement, lmao.

    • @LarsLarsen77
      @LarsLarsen77 Місяць тому

      It's not illegal to take risks. Especially when the government is insuring everything.

    • @MrColdwilliam
      @MrColdwilliam Місяць тому

      In Law people like this don't get punished. Clearly.
      This is one of the many reasons that when examined, we will find that ultimately: Law *impedes* Justice.

    • @shaun4772
      @shaun4772 Місяць тому +8

      @@LarsLarsen77 Depends. When financial advisors sell products, they have a fiduciary obligation to their clients to disclose known risks associated with those assets. If the advisors knew that the assets were risky, or that ratings agencies had given the bonds fraudulent ratings (which they often did, as shown later in this movie), then they're defrauding their clients. Taking risks isn't illegal. Misrepresenting those risks while acting as a fiduciary on behalf of your client very much is. Not an easy thing to prove in a criminal court though.

    • @DanSwanson2070
      @DanSwanson2070 15 днів тому

      It’s capital punishment; if you have the capital, you don’t do the punishment.

  • @drywallloverkenzach2271
    @drywallloverkenzach2271 Місяць тому +17

    yeah, he's literally me

  • @special_k400
    @special_k400 Місяць тому +6

    Every time I watch I learn something new

  • @brysimm404
    @brysimm404 11 днів тому +1

    I love this movie! Did such a good job of explaining the housing crisis that even I understood what happened 👍

  • @halonut96
    @halonut96 Місяць тому +8

    I mean too be fair coming in 2nd in a national math competition in China is still fucking amazing

  • @benjaminperez7328
    @benjaminperez7328 Місяць тому +44

    I MISS Anthony.
    😔

  • @metatechnocrat
    @metatechnocrat 16 днів тому +2

    One of my favorite films, funny and very educational to how bogus our economic systems are.
    Best line: so mortgage bonds are dog shit
    and CDO's are dog shit wrapped in cat shit.
    Perfect analogy.

  • @niuage
    @niuage 20 днів тому

    I get such a kick every time i rewatch that. So good.

  • @HummingbirdSound
    @HummingbirdSound Місяць тому +3

    So much “Shut up, Meg” energy

  • @drek9k2
    @drek9k2 Місяць тому +3

    4:58 that actually makes a CDO sound a lot better than it actually is.
    ngl most restaurants do a thing like that, three day old fish ain't THAT bad either. Stew's probably fine.

  • @ron7928
    @ron7928 Місяць тому +3

    This movie actually helped me understand certain things in the housing industry.......

  • @ericwong4213
    @ericwong4213 День тому

    Vinny was the only one took notes under the desk. But I think Mark just took note inside his mind.

  • @Q-1424
    @Q-1424 28 днів тому +9

    THIS MOVIE IS THE BEST DEFINITION OF "EXPLAIN IT LIKE I AM FIVE"

  • @erikricardoboscolo4779
    @erikricardoboscolo4779 Місяць тому +4

    "Opportunity" 😂😂😂😂😂

  • @xchazz86
    @xchazz86 9 днів тому +1

    He actually explained how to leverage a corrupt system into free money.

  • @carterlucianus7786
    @carterlucianus7786 23 дні тому +1

    This is one of my favorite movies no cap . Its a movie you watch and go i understand the full monty

  • @mannykhan7752
    @mannykhan7752 Місяць тому +4

    This scene alone is oscar worthy

  • @jasonmcmillan4373
    @jasonmcmillan4373 Місяць тому +26

    Having an occasional housing market crash is still preferable to everything just continually rising in value. That's how you end up with a housing market like that of my country, Australia, where almost no-one who just wants to buy their first home so they can live in it and avoid paying rent can do so. Real-estate here has been the golden goose for investors for far too long and now most that don't own even one property can't, thanks to all those who own two properties or more and borrow against their portfolio to buy up even more property.

    • @DavidSanchez-zq8fp
      @DavidSanchez-zq8fp Місяць тому +15

      The crash doesn’t help first time buyers. When the housing market crashes it crashes the loan markets too, and it makes it impossible for first time buyers to get loans. The crash only helps the rich buy up more properties because they don’t have to borrow the money or have enough assets to borrow against.

    • @TheMGIvideos
      @TheMGIvideos Місяць тому +6

      ​@@DavidSanchez-zq8fplol this scene is literally about this, guys with money making even more money off the crash

    • @FantasticOtto
      @FantasticOtto Місяць тому +5

      ​@DavidSanchez-zq8fp Do you think this is why so many inner city properties are now in the hands of rich landlords instead of private owners compared to before? Existing rents are insane and getting worse. Seems to be a problem in every single medium to large city around the globe. Does it trace back to 2008?

    • @LarsLarsen77
      @LarsLarsen77 Місяць тому +2

      @@DavidSanchez-zq8fp Bro you can buy a house for $20,000 when that happens. People with $20,000 in the bank are not rich.

    • @DavidSanchez-zq8fp
      @DavidSanchez-zq8fp Місяць тому +4

      @@LarsLarsen77 I’m not your bro, grow up. You can’t buy houses for $20K after a market crash. The house values drop sharply, maybe as much as 50%, but the value doesn’t go to nothing. If the average house in your market sell for $600K before the crash they will still cost $300K after, so yes, you have to be rich to have $300K in cash sitting in the bank.

  • @QuestMode
    @QuestMode 7 днів тому

    Ryan Gosling friggin’ nailed that.

  • @patrickwhittaker5285
    @patrickwhittaker5285 7 днів тому

    "That's a nice shirt. Do they make it for men?" legit the best line of the movie

  • @delrey874
    @delrey874 Рік тому +20

    Adam McKay is a great filmmaker 👌

    • @TheRealMeaney
      @TheRealMeaney Місяць тому +2

      he went way too soft on the government's role in legislating the crisis to happen in the first place.

    • @yassineassane9577
      @yassineassane9577 9 днів тому

      What isnthe name of The film please

  • @steppahouse
    @steppahouse Місяць тому +4

    Never have seen this movie, but for some strange reason I keep going back to watch Margin Call, likely because of the sheer, unmitigated star power on display. I had NO idea this movie was effectively built on 4th wall breaks :) Now I must watch it.

    • @Pecisk
      @Pecisk 10 днів тому +1

      Margin Call was good human drama, this movie however does explanation really well, even at its own expense, director and script writers commiting to a bit. And it works. And it makes you way more angry because you realize someone got away with fraud and no one cared because it was good for "economy" for a while.

  • @91Indrek
    @91Indrek Місяць тому

    I have watched this movie at least 10 times. One of the best ones!

  • @avijitvikramsinghkiraula4820
    @avijitvikramsinghkiraula4820 Місяць тому +1

    One of the best cinema moments in history “That’s my Quant”

    • @mikahina3909
      @mikahina3909 20 днів тому

      Why was that funny? That his math specialist is Chinese?

  • @HeeroAvaren
    @HeeroAvaren Місяць тому +13

    Can this happen again please I want to live on my own without a roommate again.

    • @JM-bl3ih
      @JM-bl3ih Місяць тому +1

      ive banked so much money expecting this to happen. I can probably buy 2 houses in full if everything crashed and houses short saled to 2009/2010 prices

    • @Tony-.
      @Tony-. Місяць тому

      After each crisis, there is a reform of the system. I.e. such a thing may happen, but for some other reason, if there is one. As far as I remember, they banned the approach where the company itself valued its own assets, as in this example. So no more passing off rotten fish as fresh fish and selling above its value.

    • @LarsLarsen77
      @LarsLarsen77 Місяць тому

      @@Tony-. No, INDEPENDENT credit agencies valued their assets.

    • @NothingToPointOut24
      @NothingToPointOut24 11 днів тому

      Look at it this way, there was a pandemic and the real estate market went up. People already expected this to happen again and because of 2008, a new market infiltrated every single major US market in the country. The Asian Market. And trust me, they will pay double or triple what you will pay on that house/apartment. And by doing so, increase the price of every single apartment/house in that general area.
      Incase you ever wondered how we got to paying as much for housing as we do.

  • @alanhernandez1339
    @alanhernandez1339 Місяць тому +20

    Kendall Roy was less of a douche back then

    • @Kraken9911
      @Kraken9911 Місяць тому +2

      It's 2024 and I'm just now realizing who he is in the future.

  • @PanduricaBlues
    @PanduricaBlues 3 дні тому

    I love the way they break the 4th wall here and there

  • @thegrind5273
    @thegrind5273 Місяць тому

    lol the last line was hilarious

  • @BufordTJustice42069
    @BufordTJustice42069 Місяць тому +3

    Right out of the Federal Reserve's playbook.

  • @WrongedSports
    @WrongedSports Місяць тому +7

    The explanation of the CDO made the whole housing crisis make sense

  • @petezahut9545
    @petezahut9545 16 днів тому

    "His name is Jang. Of course I am sure!" 🤣🤣🤣

  • @MiguelCarrilloInfante
    @MiguelCarrilloInfante Місяць тому

    Chris has mad stacking abilities

  • @CShivery
    @CShivery Місяць тому +19

    The really sad thing is Americans didn't understand it in 2008, and they still don't understand it. I bought my house in January, 2008, at what ended up being pretty much the worst time to buy. Because so many of these high risk borrowers defaulted on their loans, they dragged everybody down with them. My $350,000 house went down in value to $200,000. I took a huge hit from the crash.

    • @ganthc
      @ganthc Місяць тому +24

      You only took the hit if you needed to sell or took out equity loans. If you stayed there how much is your house worth now?

    • @Dimes607
      @Dimes607 Місяць тому +2

      only if you needed to sell. otherwise you made out when the taxes on the house went down

    • @mybocks3
      @mybocks3 Місяць тому +4

      Only if you were a house flipper. If it was a long term investment, or where you planned to live it didn't matter. It's the same mistake people make in thinking about the stock market. As long as you own the asset, you haven't lost anything.

    • @CShivery
      @CShivery Місяць тому +17

      Thank you to all the commenters who proved my point that Americans to this day don't understand the 2008 Stock Market Crash. One uniquely American trait in the modern era is to see themselves as (A) the only one whose opinion and whose loss matters and (B) temporarily displaced billionaires, they show no interest or empathy of the average working man's plight.
      What the 2008 crash did was (1) raise interest rates on variable rate loans, (2) destroy 401(k) investments, and (3) close American factories. We lived near an IBM factory that shut down because of the downturn. It was crazy to see all the neighbors who just abandoned their houses. We were both facing being laid off and our 401(k) retirements were left pretty much useless, so we ended up doing a short sale and changing careers to keep from being homeless. We were professionals who I'd say were very comfortable, but we didn't come from money. Corporations got great bailouts. I went from a $100,000 career to starting a new career at $34,000. We're doing better, but my wife and I met almost every benchmark of people who'd be hit hardest by the 2008 Stock Market Crash.

    • @josiahjones9521
      @josiahjones9521 28 днів тому

      350 back then, 3/4 mill right now.

  • @njdriving
    @njdriving Місяць тому +5

    The govt shouldn’t be backing any mortgages or any kinds of loans for that matter…

  • @larsekman8244
    @larsekman8244 13 днів тому

    Best line is the ”Fking A, Jared” at the end

  • @SofaKing401
    @SofaKing401 18 днів тому +1

    Upon rewatching the scene, I realize his assistant has some serious Jenga skills to get blox 2 and 3 fast enough for the bit to work

    • @thefogg
      @thefogg 12 днів тому

      i noticed it too. but i'll let it slide for informational purposes

  • @TP1988
    @TP1988 Місяць тому +4

    His name is *YANG*.

  • @alexww8606
    @alexww8606 Місяць тому +4

    As an Econ student, all my knowledge of the Financial Crash comes from this movie

  • @RobBoss420
    @RobBoss420 Місяць тому +1

    He’s doing such a different role here as alll his other roles.

  • @solodollloooooo
    @solodollloooooo Місяць тому +1

    We need more movies like this one

  • @muhammadjawadzahid9675
    @muhammadjawadzahid9675 Місяць тому +5

    Anthony explained it so well that the powers that be, decided he needed a permanent vacation

  • @ryanm2834
    @ryanm2834 Місяць тому +17

    It's explaining 2008 and soon 2026 also

  • @Blondelo
    @Blondelo 14 днів тому

    These scenes seem like 25% or so improv, which in my opinion really elevates them.

  • @designeranthony
    @designeranthony 9 днів тому

    This is one of my all time favorite movies!

  • @Swat_Dennis
    @Swat_Dennis Місяць тому +9

    The joke is, we are deeper in the shit than back in ‘08
    Just no-body cares enough at this point

  • @threedeenyc6680
    @threedeenyc6680 Місяць тому +3

    Federal Reserve. Fiat Currency. Fractional Reserve banking. This movie stopped short of the real reason the market went bust.

  • @pb34r46
    @pb34r46 Місяць тому

    One of my top movies for sure. Great all around!

  • @garrettcal1812
    @garrettcal1812 29 днів тому +1

    Next to Brad Pitts scene. "Just don't fucking dance." This takes a back seat.