A closer look at… The Big Short

© Paramount, 2016.
© Paramount, 2016.

The Big Short is rated 15 for strong language, sexualised nudity

The ScoopA mixed bag of a film which nevertheless acts as an effective primer on the financial crash.

It’s 2005, and socially inept hedge fund manager Michael Burry (Christian Bale) thinks he’s spotted something huge. The housing market, long considered to be the foundation of the American economy, is far less stable than everybody believes. In fact, Burry predicts, a huge and catastrophic crash is on its way. If he plays his cards right, he can benefit from it.

Paying visits to numerous incredulous banks, Burry ‘shorts’ the housing market, effectively placing bets against it. When trader Jared Vennett (Ryan Gosling) hears about what Burry is doing he accidentally alerts another hedge fund manager, the cynical Mike Baum (Steve Carrell), and they team up to short the market themselves. Meanwhile, another team – young investors Charlie (John Magaro) and Jamie (Finn Whittrock), and their older mentor Ben (Brad Pitt) – have also stumbled on Burry’s prediction and are doing the same.

As Baum and his colleagues dig deeper into what is causing the market collapse, they discover a financial system riddled with more fraud, corruption and stupidity than they could have imagined. The party will soon be over – and it won’t be the banks who have to pay.

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