The Big Short: Pitt, Bale, Carrell do the subprime crisis

  • Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!



    Go here and give us your nominations!
    Who's been the biggest Asshat in the last year? Give us your worst ones!
Cad

Cad

scientia potentia est
<Bronze Donator>
25,795
50,568
Houses are generally worth more now than they were before the crash. So...
 
Adebisi

Adebisi

Clump of Cells
<Silver Donator>
27,738
32,842
Xevy_sl said:
Good movie. Expected more being from McKay and everyone's glowing reviews here. Definitely helped explain the entire housing bubble issue and what went wrong and why. Great acting performances by everyone, though. Way too fucking long.

7.5/10
Click to expand...
From Anchorman to Big Short.
 
Khane

Khane

Got something right about marriage
20,556
14,283
Cad_sl said:
Houses are generally worth more now than they were before the crash. So...
Click to expand...
In some markets, and of course you can expect them to raise in value to a certain extent.... 7 years later, due to inflation, etc. You're not arguing that the market was severely over-inflated before the crash are you?

EDIT: Actually I'm not sure what the point you were making was in reference to.
 
khorum

khorum

Murder Apologist
24,338
81,363
Khane_sl said:
And at least with a bad mortgage you can recuperate some of the money after foreclosing/short selling. Do they garnish wages on unpaid student loans?
Click to expand...
On defaults yeah. They can pursue garnishment and liens. I think some states prohibit them now tho.
 
khorum

khorum

Murder Apologist
24,338
81,363
Khane_sl said:
In some markets, and of course you can expect them to raise in value to a certain extent.... 7 years later, due to inflation, etc. You're not arguing that the market was severely over-inflated before the crash are you?

EDIT: Actually I'm not sure what the point you were making was in reference to.
Click to expand...
He's saying that housing prices today can be higher than their overinflated BUBBLE prices before the crash.

It's true----but much worse than that is this: googleBespoke Tranche Opportunity.
 
Khane

Khane

Got something right about marriage
20,556
14,283
Hrmmm, seems like very few people were talking about that before this movie released. And most of the ones who were, spoke of it favorably. It's hard to understand exactly what the banks are selling and who they are selling it to there. Is this something investment banks are engaging in with each other, like the sale of subprime loans from one institution to another without any oversight, or is this something banks are selling directly to consumers like you and I? Or both?
 
Xevy

Xevy

Log Wizard
8,951
4,216
Father was at CES this week and was explaining to me that a client picked out a restaurant to eat at and he said it was a very expensive Japanese place. It was Nobu. I laughed inside, a lot.
 
Palum

Palum

what Suineg set it to
27,301
43,276
khorum_sl said:
On defaults yeah. They can pursue garnishment and liens. I think some states prohibit them now tho.
Click to expand...
Garnishment on federal debt authorized by federal law supersedes state law forbidding garnishment of wages. ED will put liens on property if they sue you through DoJ.
 
Agraza

Agraza

Registered Hutt
6,890
521
Compensating, but with great dignity. The bit with the hungry hungry hippos was lawsome. Respect. Cad wishes he was on the Law Hawk's level.
 
khorum

khorum

Murder Apologist
24,338
81,363
WOOT also nominated for Best Picture!

If Mad Max Doesn't win, I wouldn't mind if this does.
 
You must log in or register to reply here.