The Big Short: Inside The Doomsday Machine

The Big Short: Inside the Doomsday Machine is a book written by Michael Lewis, which was published back in 2010. The story is based on a few smart individuals around the country saw something that nobody else did. They detected a behavior with the financing of the housing market that would eventually hit critical mass. A few of the people ran into each other by mistake, where others were former neighbors. In the end, two sets of groups worked together to make a bet on the flip side of the market, a term called shorting but had never been offered on home loans. It is when someone believes that a market is going to go down that that person is bearish. To have an actual market, you need to have someone who is bearish sell so that others can buy including company stocks, currency exchange, bonds, and more. However, this does not happen with loans. However, one person went to the large banks and requested a way to bet against the housing market. Being that Wall Street is based on making money, a deal was made, …show more content…
Through a search on National Newspapers Core, a review written by respect film critic, A.O. Scott was found as part of The New York Times for the theatrical release. In his review from the beginning, Scott points out the purpose of the movie along with the delivery method that is unique from other financial films of similar topic. By describing how the financial crisis of 2008 occurred, the movie communicated the lead up to the crash by taking the viewer on a fast pace, in your face, intense dialog style that is a departure from the dull and boring world of spreadsheets and board