Greed is an obligation

Darius 2022-03-23 09:01:14

This year's best adapted screenplay was awarded to "Big Short". The financial journalist Lewis's novel of the same name was once the top of the Amazon book list.

What is going on with those financial products, I don’t understand at all, even if comedy director Adam McKay deliberately used sexy actress Margot Robbie to lie in a bubble bathtub with champagne to explain to everyone in a colloquial way, "Debt-backed Securities" ”, celebrity chef Anthony Baudin explained “guaranteed debt certificates” while slaughtering fish, Selena Gomez explained “composite guaranteed debt certificates” at the gambling table, I still don’t understand. But these few cameo laymen explained that the Wall Street game itself is not a huge mockery, and it is hard not to associate bubble bath with the bubble economy, and the metaphorical relationship between fish slaughtering on a cutting board and "man-made knives and fish-meats". Not to mention the gaming tables.

The evil of Wall Street represents the evil of the entire financial system, and Goldman Sachs is the king of evil, showing the evil of human nature at its peak. To sum up, someone saw the fatal flaw of a beautiful Porsche and sold it to Goldman Sachs quietly. Goldman Sachs reacted and immediately packaged the Porsche more beautifully and sold it to those who did not react. Goldman Sachs was convinced Porsche would have car crashes and deaths, and went to the insurance company to take out an insurance policy. All that was left was to wait for the driver and passengers to die in a car accident. The insurance company lost no pants to wear.

The best part of the movie is the two-sided description of the four financial wizards. Due to the early prediction of the subprime mortgage crisis, they made a lot of money in the vacancy loan market. Aren't they just individual versions of Goldman Sachs, condemning Goldman Sachs morally, condemning the huge scams in the financial system, credit rating agencies, and the government all involved in scams, while just waiting for the car accident to happen as soon as possible. In particular, Peter, who played Ben, sternly reprimanded two grassroots funders who were happy because they made money, "You are betting that the U.S. economy will collapse in the future. This means that if the bet is right, people will be homeless. How many people will lose their jobs and their homes because of this. Don’t fucking dance!” While making money, occupy the moral high ground. After buying a large estate and planting organic apples with his wife, Pete won the victory. In fact, only these two grassroots really wanted to expose the evil. They ran to find the reporter friends of the Wall Street Journal and asked to report the shady, and they were ridiculed. Mark was very tortured at the last moment, "If we don't sell it now, we won't have a chance to sell it again!" After a complicated ideological struggle, he pressed the button "Yes", 1 billion US dollars, why can't he make money with the money he got.

Mark finally burst into tears as his wife’s softly persuaded him, and finally confided that his brother had tortured him after committing suicide by jumping off the building, “I know he is in pain in his heart, but my first reaction is that I will give him money”.

There is also an interesting segment: hundreds of CEOs were arrested, behind-the-scenes imprisoned...wait, let’s play with you, the government rescued the market, and the bank executives’ annual salary was taken. Only one hapless CEO was taken. Handcuffs.

"On Wall Street, greed is what it should be, and it can almost be regarded as an obligation"-Michael Lewis

, the handsome North Korean guy in "Death Another Day" said to Bond arrogantly, "I graduated from Harvard and Cambridge, majoring in ' Western hypocrisy'", a few minutes later, he was played to death by Pierce Brosnan and fell into the abyss.

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Extended Reading

The Big Short quotes

  • Jared Vennett: Tell me the difference between stupid and illegal and I'll have my wife's brother arrested.

  • Jared Vennett: [Answering call on his cell phone] Is this America's angriest hedge fund?