Surrender 123: Movie Review: The Big Short

Tonight I watched Best Picture nominated movie number seven of eight, The Big Short, leaving the winner in this Academy Awards category for my final film next week. I deliberately saved tonight’s movie until almost last. Of all the Oscar contenders, I was least interested in this one. I’m a realtor. I’m familiar with the housing market crash of 2008, having experienced the crazy boon before and then seeing the aftermath. I didn’t think I’d enjoy watching a movie that told the bigger story. I was wrong. 


The Big Short stars Christian Bale, Steve Carell, Ryan Gosling, Brad Pitt, John Magaro, and Finn Wittrock. This biographical dark comedy, based on the book by Michael Lewis, was directed by Adam McKay. Rated R for pervasive strong language and brief nudity, the movie has a run time of 2 hours and 20 minutes. 

The Big Short was nominated in five categories including Best Director, Best Supporting Actor for Bale, Best Picture and Best Adapted Screenplay, for which it won an Oscar. 


Michael Burry (Bale), an eccentric former physician, is socially awkward. However as a Scion Capital hedge fund manager, he has a keen ability to see what others can’t. His scrutiny of thousands of mortgage loans reveals a housing bubble that is about to burst. Burry bets against the continued success of the housing market, meeting with the biggest banks and mortgage holders in the US. The banks are happy to accept his proposal, confident the housing market will never fail. After all, who doesn’t pay their mortgages? 


Jared Vennett (Gosling), with Deutsche Bank, hears of Burry’s plan and shares his beliefs. An errant phone call to the wrong institution connects him with a group of investment partners headed up by Mark Baum (Carell). Baum, who is an idealist disillusioned with the whole financial institution, agrees to join with Vennett. Their combined research further uncovers that most mortgages are overrated by bond agencies, with banks collating subprime loans into AAA packages. 


And lastly, a pair of startup investors working out of their garage reviews a prospectus of Vennett’s and want in on the action. Charlie (Magaro) and Jamie (Wittrock) aren’t big enough players on their own, so they enlist the financial perspective and aid of former investment banker Ben Rickert (Pitt). 

These three groups of investors work from the premise that the big banks are stupid and don’t see the impending collapse of the housing market. As the impossible begins to happen and the market shifts, these men discover how deep mortgage deception goes and how large the negative impact will be. Not only will millions lose jobs and homes when the housing bubble bursts, the economy of the world will be affected.


This was a fascinating movie to watch. I thought I wouldn’t like it because being a realtor I know what the crash of the housing market did. However, precisely because I’m in real estate, this true story had a great impact on me. I found myself exclaiming to the tv screen, as new information was revealed, as the depths of fraud and greed and deceit were uncovered. I can’t lie. Watching this movie made my heart race, in an agonizing way. 


The film was extremely well done, with outstanding performances, especially by Bale and Carell. The tone was quirky, and so were the characters based on real people. I liked how the technical jargon and concepts were humorously explained using well known celebrities who taught by way of concrete examples.

The Big Short amazed me, making me laugh, grimace, cheer and even tear up. I’d like to watch the movie again, to gain an even deeper  understanding of what happened in 2006-2008 in the housing industry. 

There’s a quote that appears on the screen that says, “The truth is like poetry. And most people f…ing hate poetry.”  The Big Short holds up the light of truth and uncovers the mess that deception tried to hide. At the end of the movie, more truths appear as words scroll across the screen. Recent truths. I’m carefully pondering those words, very much impacted by this great film. 

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About Cindy Moore

I live and work in the Joplin, MO, area. I am a blogger, writer, realtor and traveler, enjoying the journey through life and helping others along the way.
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