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

@jonjone661

Ай бұрын

7

@robertoabati2732

Ай бұрын

9

@epileric8489

Ай бұрын

Did you swap some of the scenes? They seem weirdly cut.

@raymondfloyd9046

Ай бұрын

10. it whets your appetite to watch the whole movie. which was very good by the way.

@genericreference6969

Ай бұрын

AAA rating from me - no questions asked

"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

Ай бұрын

Spot on.

@jhinckle90

Ай бұрын

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

Ай бұрын

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

Ай бұрын

@@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

Ай бұрын

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

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

@DRod1517

Ай бұрын

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

@blue_scene

Ай бұрын

​@@DRod1517 " thats what she said "

@romainrahni8682

Ай бұрын

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

@goblincomic4522

Ай бұрын

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

@johncarroll5178

Ай бұрын

Or a golden retriever.

This Office reboot is really wild.

@Daniel__Nobre

28 күн бұрын

It’s a mashup of The Office + Succession 😂

@nevertellmethaoddz8581

12 күн бұрын

Everything gotta be dark and gritty now 😂

@namelessone5968

5 күн бұрын

Jim literally became asian

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

@AM-ml7et

24 күн бұрын

HIS NAME'S YANG!

@imademas3347

24 күн бұрын

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

@Sebaz1835

24 күн бұрын

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

@keenynthewise

13 күн бұрын

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

@mieblock4856

7 күн бұрын

Fkn hustlers lmao

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

@YorumiTech

28 күн бұрын

😂 stereotype used as a tool to convince😂😂😂

@sasibudiarto3046

27 күн бұрын

The hardest math competition in the world obviously😅

@areichental

21 күн бұрын

Queue chinese housing crisis

@michaelurban2969

19 күн бұрын

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

@JonLeonardF10

18 күн бұрын

Using Abacus 🧮 😊

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

@calzonesdefuego8523

22 күн бұрын

Humbleness is a virtue

@dontokoi30

22 күн бұрын

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

@youbigtubership

22 күн бұрын

He enjoys white privilege too.

@yuriel6691

15 күн бұрын

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

@arfx7521

13 күн бұрын

@@yuriel6691 Nope.

Love how even the dude with him got the answer wrong

@TheLirJEt86

Ай бұрын

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

@generaltheory

Ай бұрын

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

@scipio2074

Ай бұрын

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

@calumcookson740

25 күн бұрын

Fckin A

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

@devanshdesai8926

27 күн бұрын

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

@raleighcunningham2538

11 күн бұрын

dude really shit the bed

@Gringo-Billy

6 күн бұрын

His bed is his toilet. Optimism!

@anthonyreed480

3 күн бұрын

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

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

26 күн бұрын

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

@teachingwithipad

26 күн бұрын

@@DarrinSKthank you!

@MarlinFinancialAdvisors

23 күн бұрын

@@DarrinSK thats got nothing to do with it.

@Grande79

15 күн бұрын

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

@enclave6285

13 күн бұрын

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?

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

@possiblyinsane6995

29 күн бұрын

i must be stupid cause i still dont understand

@rellrylio5567

27 күн бұрын

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

@degensanonymous

20 күн бұрын

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

@zd9386

18 күн бұрын

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

15 күн бұрын

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

“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

Ай бұрын

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

@Dntjockme43

Ай бұрын

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

@shaun4772

Ай бұрын

@@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

29 күн бұрын

​@@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

29 күн бұрын

They call me night master

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

@khaagos

Ай бұрын

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

Ай бұрын

That's gay.

@benb9284

Ай бұрын

@@Jehty21That’s homophobic.

@ElChronicler

Ай бұрын

@@benb9284 That's black

@benb9284

Ай бұрын

@@ElChronicler That's racist.

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

@jimmiller5600

2 ай бұрын

Watch Margin Call too.

@lowenization

Ай бұрын

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

@josephrafferty6763

Ай бұрын

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

@samadams7224

Ай бұрын

We need a new movie to explain inflation.

@russellm785

Ай бұрын

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

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

Ай бұрын

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

Ай бұрын

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

@willmiller7693

Ай бұрын

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

@matchesmalone2625

Ай бұрын

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

@bully3628

Ай бұрын

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.

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

@justbodies877

13 күн бұрын

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

@Grizabeebles

7 күн бұрын

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.

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

@Grizabeebles

7 күн бұрын

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

6 күн бұрын

@@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.

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

Ай бұрын

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

Ай бұрын

@@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

Ай бұрын

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

@kaboomonme

Ай бұрын

​@@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

Ай бұрын

@@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.

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

@AaronaCreates

Ай бұрын

💯

@SOSOLRAK

Ай бұрын

Like??

@aaronvoss38

Ай бұрын

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

Ай бұрын

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

@Peterotica

Ай бұрын

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

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

@colonelkurtz2269

2 күн бұрын

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

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

“Let’s not talk about my margins” 😂

@Anthony-un4yz

12 күн бұрын

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

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

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

@erikopnemer

25 күн бұрын

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

@menglongzzz

22 күн бұрын

That happens when Michael Scott is the manager.

@rawraj1578

22 күн бұрын

Because they were a new thing back then

@smartwhip.

15 күн бұрын

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

@chasfredricks

13 күн бұрын

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

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

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

fuckin' A Jared

@mcmarkmarkson7115

3 күн бұрын

"Shut your fuckin mouth" xD

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

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

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

Most interesting role Gosling ever played

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

@chucklos391

Ай бұрын

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!” 😂😂😂

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

@Pecisk

6 күн бұрын

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

This movie should be shown in schools everywhere

@adamdaniel8909

Ай бұрын

Too much swearing...

@goober8798

Ай бұрын

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

@adamdaniel8909

Ай бұрын

@@goober8798 that's fair...

@connoro1373

Ай бұрын

Was shown to us in high school

@edge21str

Ай бұрын

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.

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

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

@noroardanto

7 күн бұрын

Yup the screen writer is a genius

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

Ай бұрын

Whats it at now?

@DOMSGUITARS6140

Ай бұрын

@@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

Ай бұрын

@@DOMSGUITARS6140So it’s all about time…

@Almightyboj

Ай бұрын

@@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.

The comic timings in this movie were insane

The fire insurance line really sums it up.

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.

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

@BM-wy3wl

12 күн бұрын

MAHNE. You smell MAHNE.

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

Ай бұрын

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

@dallasron51

Ай бұрын

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

Ай бұрын

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.

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

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

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

@KarlOlofsson

Ай бұрын

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

29 күн бұрын

Boom bust boom

" I can hear you judging me. " LOL

the best scene in the movie. stellar performance from Ryan

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

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

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

yeah, he's literally me

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

Ай бұрын

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

Ай бұрын

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

Ай бұрын

@@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

Ай бұрын

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

@LarsLarsen77

Ай бұрын

Bitcoin does.

This scene is legendary!

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.

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

Ryan Gosling friggin’ nailed that.

Every time I watch I learn something new

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

So much “Shut up, Meg” energy

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

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

@LarsLarsen77

Ай бұрын

Actually its car loans this time.

@ShapeshifterOS

Ай бұрын

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

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

@mrguy89

Ай бұрын

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

@LarsLarsen77

Ай бұрын

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

@MrColdwilliam

Ай бұрын

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

Ай бұрын

@@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

11 күн бұрын

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

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

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

I MISS Anthony. 😔

@thespacesbetweenstudio3346

Ай бұрын

He got HIllary'd

"Opportunity" 😂😂😂😂😂

Chris has mad stacking abilities

lol the last line was hilarious

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

This scene alone is oscar worthy

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

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

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

Right out of the Federal Reserve's playbook.

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

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

Adam McKay is a great filmmaker 👌

@TheRealMeaney

Ай бұрын

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

@yassineassane9577

5 күн бұрын

What isnthe name of The film please

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

6 күн бұрын

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.

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

We need more movies like this one

Kendall Roy was less of a douche back then

@Kraken9911

Ай бұрын

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

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

Ай бұрын

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

Ай бұрын

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

@FantasticOtto

Ай бұрын

​@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

Ай бұрын

@@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

Ай бұрын

@@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.

"So mortgage bonds are dog shit, CDOs are dog shit wrapped in cat shit" Steve Carell is awesome.😂

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

@mikahina3909

16 күн бұрын

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

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

@JM-bl3ih

Ай бұрын

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-.

Ай бұрын

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

Ай бұрын

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

@NothingToPointOut24

7 күн бұрын

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.

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

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

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

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

Ай бұрын

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

Ай бұрын

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

@mybocks3

Ай бұрын

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

Ай бұрын

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

24 күн бұрын

350 back then, 3/4 mill right now.

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

This scene is hilarious 😂

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

8 күн бұрын

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

His name is *YANG*.

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

Honestly Ryan Gosling made this film watchable cuz he’s so fun

"god damn it". Cracks me up.

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

It's explaining 2008 and soon 2026 also

@The-Anti-Zionist

Ай бұрын

18 year cycle

One of the best scenes in history of film.

Every time Ryan or Ventte gets mad is classic