Don't confuse financial risks with malicious fraud

Morgan 2022-03-23 09:01:14

This movie describes an independent story in which three funds anticipated the subprime mortgage crisis and shorted subprime mortgages under the general background. Regarding the securitization of real estate loans itself is a good thing, due to the 2008 financial crisis in China, there is no corresponding product so far, purely because of choking. The financial crisis lies not in securitization itself, but in reducing investment risks. Financial investment risk diversification and packaging cover up the facts, coupled with the benefit of credit rating agencies, leading to fraud. The irony is that reducing risk has become a cover-up, and credit rating has become an exchange of benefits.

So only these three groups of people belong to smart people, do they only see the truth? Obviously not. They just shouted the kid who broke the emperor’s new clothes. As a result, they withstood the tremendous pressure and won respect. But it is also very possible that they could not withstand the pressure of funds before dawn and left the scene sadly. Obviously, they almost Nothing.

Is the truth really that important when the whole society is in hustle and bustle? Some people are stupid, while others are greedy. When greed is supplemented by fraud and forming alliances, the whole society becomes a slaughterhouse. When it cannot be closed, the government will come out to save the field. Taxpayers pay the bill. Greedy fraudsters. The seemingly stupid innocent Feng Danyunqing started a new round of reshuffle.

This is not a product risk, this is malicious fraud, but what can be done, this is a game for smart people.

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Extended Reading
  • Anabel 2021-10-20 19:01:00

    I don't like that there is something in it... which is very self-sensational, and that kind of deliberate ridicule, which is very boring. How should I put it, this kind of self-engulfing of capitalism, there is nothing worthy of reflection or emotion. It is almost an objective, unshakable instinct. We seem to have made reflections, borrowing the eyes of a few marginal people. In fact, everything is rooted in blood, and all reflections seem naive. Nothing will change.

  • Jermain 2022-03-25 09:01:05

    The application of the arrangement techniques commonly used in documentaries to fictional narratives once made people eye-catching, and it tested the skills of script and editing. However, the final effect can only be said to be unsatisfactory and only visible. Although the actor’s performance is up to standard, its function is nothing more than flat character display and straightforward information. In a limited time, it can’t show the credibility and vitality of real characters. Fortunately for the subject of the subprime mortgage crisis, these are not counted. Too fatal problem.

The Big Short quotes

  • Lawrence Fields: Michael, give me my money back. Michael, do you hear me? I want my money back. Give me my fucking money back, you motherfucker.

  • Mark Baum: [on the phone] Ok, I want you to walk back in there and very calmly, very politely tell the risk-assessors to fuck-off!

    Vinnie Daniel: [Walks into the room] Gentlemen, I just spoke with Mark Baum and he says to 'fuck off'.