Thus, the film provides various scenes which frame the causes leading to the default of the housing market as well as the responses from different characters. The causes are of how the dilemma began and what the dilemma consisted of. For example, the quote “if you give us free money, we will take it”, depicts the banks attitude towards Burry. The banks assume that Burry does not know what he is talking about as he proposes to bet against the housing market. To them Burry is just giving his money away for a lost cause. Further this leads to the conversation that Jared has with one of the banker and the comment of “a whole new way to make money”, is expressed. This comment further reinforces the bank’s position when it comes to taking money
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The discovery for each set of characters is that none of the bankers are aware of disaster that approaches them in the future. The first major scene of the Vegas trip that stands out is when one of the young traders speaks to a woman who is with the SEC. He asks if the SEC was at all worried about mortgage bonds and she responds that they do not investigate mortgage bonds. This scene specifies that the banks had no one watching their work. Maybe if there would have been some regulation there would have been no crisis. Further, there is the scene in which these same investors discover that if the bottom CDOs fail so will the ones that are on top of them. This realization gave them an upper hand which would contribute to hurt the market even more. After deals are made Rickert becomes enraged at the fact that Geller and Shipley are celebrating their victory on the downfall of the housing market. This scene is important because although their company is making a huge profit they are making it based on the loss off the average worker. Lastly, there is the scene where Baum meets with a CDO manager. This man assures Baum that he assumes no risk in the deals that are made. Baum realizes that this man acts based on his own interest and is not aware of the disaster that is about to occur because of faulty deals. This scene exemplifies
The discovery for each set of characters is that none of the bankers are aware of disaster that approaches them in the future. The first major scene of the Vegas trip that stands out is when one of the young traders speaks to a woman who is with the SEC. He asks if the SEC was at all worried about mortgage bonds and she responds that they do not investigate mortgage bonds. This scene specifies that the banks had no one watching their work. Maybe if there would have been some regulation there would have been no crisis. Further, there is the scene in which these same investors discover that if the bottom CDOs fail so will the ones that are on top of them. This realization gave them an upper hand which would contribute to hurt the market even more. After deals are made Rickert becomes enraged at the fact that Geller and Shipley are celebrating their victory on the downfall of the housing market. This scene is important because although their company is making a huge profit they are making it based on the loss off the average worker. Lastly, there is the scene where Baum meets with a CDO manager. This man assures Baum that he assumes no risk in the deals that are made. Baum realizes that this man acts based on his own interest and is not aware of the disaster that is about to occur because of faulty deals. This scene exemplifies