From the outrageous mind of director Adam Mckay comes THE BIG SHORT. Starring Christian Bale, Steve Carrell, Ryan Gosling and Brad Pitt, in theaters Christmas.
When four outsiders saw what the big banks, media and government refused to, the global collapse of the economy, they had an idea: The Big Short. Their bold investment leads them into the dark underbelly of modern banking where they must question everyone and everything. Based on the true story and best-selling book by Michael Lewis (The Blind Side, Moneyball), and directed by Adam Mckay (Anchorman, Step Brothers) The Big Short stars Christian Bale, Steve Carell, Ryan Gosling and Brad Pitt.
I think Dr. Bernanke’s doctoral thesis was read, digested, and exploited. It’s just a coincidence he wound up in charge of The Fed when the bubble burst.
A stripper owning 5 houses and a condo??? That sure is ‘efficient markets’ in action!
I think those house purchases were termed naked short selling with a failure to deliver.