The Big Short, a movie based on true events, is about the people in the financial sector that figured out that there would be collapse in the housing market within the next few years and how they capitalized on this information for their own personal gain. The movie reflects on how financiers exploited the rights ethic of people by not disclosing the actual value and returns to the consumer, if the ends justified the means, ignoring professional responsibility and intuition ethic for financial gain.
Michael Burry, a specialist in wall street and good in numbers, foresaw that the home loans sector was on the verge of failure within a few years when homeowners would start defaulting and since he had the rights to use the funds of his company, he started betting against the housing market by suing more than $1 billion of his investors money into credit default swaps. Burry, along with other investors cashed in on the investments when the financial crisis hit the economic sector in the United States.
The movie, The Big Short, came out in 2015 and was made based on true events in the book by Michael Lewis, 2010. One good thing about the
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He was the main brain behind starting the bets against subprime home loans as he figured out that the housing market was going down within a few years and wanted to make a profit for him and the organization. With this idea in mind to get the plan rolling forward, he involved several financial institutions and banks, showing there would be a large profit for them as well, while assuring the public that the housing market was anything but vulnerable. Another banker Jared Vennett and hedge fund specialist Steve Eisman (Mark Baum in the movie), besides other opportunists who took advantage of the financial crisis and made huge profits. They bought insurances and paid premium on it knowing that once the housing market crashes, they would get a high return on
People who enjoy science fiction would enjoy the movie or the short story the Minority Report. This paper is being written to express the differences between the movie and the story. The paper will be written based on the scenes, characters, and the technologies.
In “The Big Short”, this movie about the economic collapse of 2008 in America highlights how Americans of all racial backgrounds were hit hard when the housing market collapsed. The film provides a very compelling argument and describes how the market crashed because banks began to give out more unstable loans out to people in order to sell more properties, which eventually led to the housing market to be built upon millions of risky loans. This practice grew until the housing market became too unstable because of all the risky loans and resulted in an economic crash. The housing market collapse led to millions of Americans to lose their homes because of foreclosures and led to massive amount of homelessness and unemployment since the Great
Recently, there is a spike of historical films being released lately. One of the films is an Academy Award nominee for “Best Picture,” Selma. The film, Selma, is based on the 1965 Selma to Montgomery voting rights marches. The film shows the struggles of the black community face with the blockage of their voting rights and the racial inequality during the civil rights movement. Selma is about civil rights activist Martin Luther King Jr. heading to the rural Alabama City, Selma, to secure the voting rights for the African American community by having a march to Montgomery. It shows the struggles from what the African American community had to endured during the 1960s. Selma shows a social significance to today’s current events, specifically
The Soloist (Foster, Krasnoff & Wright, 2008), is based on a true story of Nathaniel Anthony Ayers Jr. who develops psychosis and becomes homeless. In the film, Nathaniel is considered a cello genius who is discovered on the streets by Steve Lopez, a journalist from the Los Angeles Times. Steve was searching for a city story and he decided to write a newspaper article about Nathaniel. Nathaniel always had a passion for music. He was a child prodigy and attended Juilliard School of Music. However, he faced many complications at Juilliard, particularly hearing voices speaking to him. Unable to handle the voices, Nathaniel dropped out and ended up living on the streets of Los Angeles. Steve and Nathaniel develops an unexpected friendship, in which Steve tries to help Nathaniel to live a normal life; having a home, treat his mental disorder, and to fulfil his dream of being a cellist again.
Mackay, Tim. "The Ethics Of The Wolf Of Wall Street." Charter 85.2 (2014): 67.Web. 23 Mar. 2014.
Michael Lewis is the author of “The Big Short: Inside the Doomsday Machine” and Lewis’ main theme, or the main point, that he is trying to get across is how the 2008 financial crisis came to be, who saw it coming, and how people reacted. Lewis has experience with Wall Street and has worked for Salomon Brothers when he was younger. Today, Lewis is an American non-fiction author and financial journalist. There were three things I highly enjoyed “The Big Short”: the character development, themes, and personalization.
Jim Braddock, the main character of the movie, went through tough times; he lost his job, couldn’t support his family and witnessed loved ones being lost to the Great Depression. Going through all this just made him a stronger man. This gargantuan mess was created because of the Stock Market crash of the 1930’s. This was a time when the stock market fell to the ground. The crash hurt so many American families, including Braddock.
In having Coach Carter be one of the best critically acclaimed movies of 2005, it also portrayed a sense of emotion to the viewer. It transcends a type of mood in every type of scene in the movie. Coach Carter is about Ken Carter coming into the world of his old high school, Richmond High in a new role. Known for his high school basketball career, he is asked to be the new coach of a broken basketball team with troubled athletes. As Coach Carter, he holds practice after practice. For Coach Carter, sports are a commitment and with that, comes responsibility. So Coach gives the players all a contract to sign to solidify their commitment. All of us know that to participate in sports, you have to have certain grades, and with this contract comes
The Fault in Our Movie Adaptation In 2014, John Green’s famous novel The Fault in Our Stars was brought to life with a film adaptation. The novel tells the story of two star-crossed lovers, Augustus Waters (portrayed by Ansel Elgort) and Hazel Grace Lancaster (portrayed by Shailene Woodley). The novel is written from Hazel’s point of view. However, there is something different about this love story than others. Hazel and Augustus are both cancer patients.
The Shawshank Redemption by Stephen King is both a wonderful film and a brilliantly written short story. There are many themes represented in each form of The Shawshank Redemption. The one major theme that interests me in both the film and the story is freedom. Freedom serves a large purpose for both the story's writer and the filmmaker. Both use similar examples to signify freedom, not only in the jail, but also in a larger context about life. There are many events and examples in both the film and the short story that signifies the theme of freedom. The one main difference is when the film uses the director’s technique to portray a feel of freedom for the inmates. The overall three issues used in this essay are all linked to the feeling of the inmates feeling the sense of freedom with the prison walls.
In the big city of New York there always exist those who push the envelope a bit, and stretch the law. One such man played by Michael Douglas makes money buying and selling others' dreams. He is a stock speculator; but one that succeeds based on illegal inside information. As he puts it "I make nothing, I own" Released in 1987, Oliver Stone's Wall Street is a representation of bad morals and poor business ethics in the business world. It also shows the negative effects, bad morals and poor business ethics can have on society. The film revolves around the actions of two main characters, Bud Fox (Charlie Sheen) and Gordon Gekko (Michael Douglas). Bud is a young stockbroker who comes from a working-class family and Gekko is a millionaire who Bud admires and wants to be associated with. Wall Street points out how wrong it is to exchange morality for money. Gordon Gekko reflects this message, and yet receives a standing ovation at a stockholders meeting after delivering his "greed is good" speech. The underlying theme of the movie is that greed is not only not ethical but it lacks moral substance in today?s society.
The Wolf of Wall Street produced and directed by Martin Scorsese tells a story of Jordan Belfort, a stockbroker living a luxurious life on Wall Street. Due to greed and corruption, Jordan falls into a life of crime and abusive activities. Belfort made millions of dollars by selling customers “penny stocks” and manipulating the market through his company, Stratton Oakmont, before being convicted of any criminal activity (Solomon, 2013). Jordan reveals behaviours and impulses all humans have, however, on an extreme level. This movie illustrates “why ethics is another tool whose importance cannot be overstated” (Delaney, 2014). Without ethics and morality, individuals can never truly live an honest and happy life.
Film Analysis - The Notebook Introduction The film is portrayed in the past and present scenario setting. It is based on a young couple’s love and passion for one another, but are unexpectedly separated due to the disapproval of the teen girl parents and the social differences in their life. At the start of the movie, it displays a nursing home style setting with an elderly man named Duke (James Garner), reading to an elderly woman named Mrs. Hamilton (Gena Rowlands), whose memory is inevitably deteriorating. The story he reads to her is a love story about two teenagers named Allie (Rachel McAdams) and Noah (Ryan Gosling), that met in the 1940’s at a carnival in Seabrook Island, South Carolina.
Individuals like the two young and rambunctious mortgage consultants portrayed in the film gave loans to anyone and everyone that could sign the paper, regardless of the recipient’s ability to pay the loan in full. It is doubtful that all consultants fully understood the ramifications of their actions, but undoubtedly the overall disregard for consequence was the start of the collapse. Mortgage consultants mislead and tricked people into loans they could never afford by playing on their desire to live the American dream. Distributing adjustable rate loans to individuals without jobs, without collateral is unconscionable. Unfortunately, from their perspective they were helping these individuals. In a twisted way, these consultants were acting ethically from a utilitarian point of view. The consultants won because they received utility in the form of a bonus for distributing the loans, and the loanee won because they could now afford the home of their dreams. What the consultants didn’t consider in their calculations were the long term results and utility of their actions, unethically building the flawed foundation of the housing
This movie starts off as Jordan Belfort, the main character in the movie, losing his job as a stockbroker in Wall Street. After losing his job, he goes and gets a job in a Long Island brokerage room. In the brokerage room, he sells penny stocks. Thanks to him being aggressive in his selling skills, he was able to make a profit. With the new income, he gives his wife a bracelet and she asked him why doesn’t he go after the people that can afford to lose money, not the middle-class people or lower income people. That is when he gets the idea to get a lot of young people and train them to become the best stock brokers.