The Big Short, based on the book by Michael Lewis, tells the story of the financial collapse that occurred in 2007-2008. This film sheds light on the 2005 American housing crisis, known to be a trigger for the 2007 collapse, through 3 separate sub-stories.
Michael Burry (Christian Bale), a socially awkward hedge fund manager, predicts that the housing market is extremely unstable because of subprime loans. In other words, people with loans that shouldn’t have them. Banks are comfortable giving these loans out because they are tied to a rocket-sized interest rate. Win-win, right?
