Wait, are you guys really fawning over that almost unreadable book? One of the most soporific reads EVER, and I actually like finance. Lewis left soooo many important details out of the book. For starters, he casually skips over the implications of the recession and spent way too much time talking about derivatives. Also, the cast of characters he chose were all uninteresting clowns. HOW THE FUCK DO YOU NOT MAKE YOUR WHOLE BOOK ABOUT JOHN PAULSON? Michael Lewis is a clown.
LOL @ "Eviscerating the entire bond investment market"... you mean the $40 trillion bond market, or are you referring to the thriving MBS market, sonatine?
You tell me, social skills.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Ryan Gosling is in the movie and I hope he's shirtless.
That is all.
being the old autistic guy I am at a loss to understand the nuance of your humor. I trust this is just a troll post and not a reading comprehension issue or more seriously a lack of romance for the markets.Originally Posted by Krypt
When I was your age I read Liars Poker and it gripped me and as much as any other influence created the degen that I am today.
If this stuff doesn't give a finance guy a hard on then you are dead to me. I considered you part of the brotherhood.
Good luck dollar cost averaging.
Edit: lol, just reread your post. Had some booze with dinner and I snapped. Good job kid.
Last edited by Sanlmar; 10-10-2015 at 05:43 PM.
thanks for telling about the book...i read liar's poker, thought it was interesting but about the world of high finance and big business, and i am a small business type, so it didn't make much of an impression
but i will take in The Big Lie because i had a connection to the mortgage crisis....i did do some work for one of the loan packaging companies in the mortgage crisis---Metrocities Mortgage in Sherman Oaks, CA (now Prospect Mortgage) in 2005...i was there on a temp assignment to process the monthly commissions statements of their branches--they were using excel templates to calculate each and I wrote macros & conditional formulas that sped up the monthly processing---their accounting staff/financial staff was woefully weak as I recall (typical of a company that grows too fast and advances clerks beyond their ability) I recall seeing loans being made to single women with kids and a hispanic last name--those loans included 1st mort, 2nd mort, home equity loan, and a interest only time period--i thought there was no way those loans were any good--i even mentioned it to the company controller that i thought the loans were very likely to default--her response was the loans were packaged with others and offered to wall street, so Metrocities' money wasn't at stake...it seems that was the thinking of everyone in the chain from the borrower right up to investors....
also, at the same time my son was working security in the Pasadena sales office of Countrywide...he said he would see loan brokers coming in with another new car every few months
really sick, considering the lending controls had been worked out during the 1930's
(long before there was a PFA i had my Grenade & Crossbones avatar at DD)
More like 2009, took a while for most people to grasp what the fuck happened. Your point is valid though. This is a dated subject at this point.
A movie with probably 75% of America's male acting talent is coming out soon and it's already a dated subject.
Ladies, gentlemen.
Welcome to PFA.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Really. It's pertinent every day we twist & turn on the will she or won't she raise rates.More like 2009, took a while for most people to grasp what the fuck happened. Your point is valid though. This is a dated subject at this point.
We are are still unwinding from this mess and will be for years to come.
We never really paid the appropriate price imo. Economy was pumped with painkillers and we can't wean ourselves off of them.
Feels good now though, huh?
Stop acting like such a mong; the movie trailer, like the book, is bad. Thr movie will flop flat on its arse, because people don't give a fuck about the financial crisis anymore and have moved on.
cant say it's true for everyone, but a huge majority of us kept our jobs and houses after 2008 because of the actions of the government and the Fed back then. Now we are Japan and will likely not see true boom times again as we live with the prospects of another big collapse considering our huge debt levels.Really. It's pertinent every day we twist & turn on the will she or won't she raise rates.
We are are still unwinding from this mess and will be for years to come.
We never really paid the appropriate price imo. Economy was pumped with painkillers and we can't wean ourselves off of them.
Feels good now though, huh?
You really can't estimate how bad things would have been if we did nothing. Shit would have got Real real real fucking bad. But now that we are 7-8 years out I can't help but look back and say should we have just let the collapse happen knowing that by now we would be back on the upswing?
Bumping.
Film isnt great. Not terrible or anything but it fails to do adequate justice to the book. As an agent of delivery for the message its fine, but just trying to keep track of who is doing what on whose behalf is rough. And the style in which its filmed is super distracting and irritating. And where the book manages to make intentionally oblique concepts fairly digestible, the film totally falls flat. There were things in the book I understood perfectly well but somehow when they came up in the movie I was just lost.
Plus Im sorry but Christian Bale's aspie affectations are just pure ham and totally make his character impenetrable.
As always, Steve Carrell is a high point tho.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Sonatine, you read the book finally? Did you fail to convey the over the top love and reverence that this book is due? I trust this was just due to haste on your part and not some veiled attempt to slight me.
I am curious to know what other Michael Lewis books you have to your credit.
This past week I have been listening to about an hour every night as I fall asleep. It's great to have someone you love on the pillow beside you. Someone on Youtube has put up the audiobook. Probably will get taken down soon. Admittedly, it's polluted ia bit with periodic ads.
Movie-wise, I felt I could skip the certain disappointment. I couldn't see how a two hour movie could do the characters and subject justice. The humor with which Lewis describes the ideas and situations would be lost. Lewis generally characterizes Wall Street players as the same lazy, short sighted, nit wits that populate any other walk of life.
You confirmed my take with your review.
Your comment about Carrell surprises me. You felt he was actually a high point. I see the toupee and I think Carrell would just be a huge distraction. I now feel as if I want to go just to see Carrell triumph over my dismissal of him.
Carrell is one of the better dramatic American actors working today, and somehow he carries what they did to his character here (making him the 'voice of outrage' that we all are supposed to identify with).
The book was fantastic but of course most of what I enjoyed was the genius it was describing; I just didnt see much of it on display here.
I think the director/producers fell in love with certain scenes in the book and basically draped a movie over the skeleton. Im willing to bet that Christian Bale not only didnt read the book, but just read the description of the character and went full aspie.
You never go full aspie, Bale.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
That really is a great comment. I now know you did read it. I can see how this wasn't a focus in the movie. Too bad.
The characters and Lewis' character driven writing style is the rai·son d'ê·tre. That the world's economy was headed for the shitter was just scene setting.
So I watched the movie and I thought it was pretty good at explaining at least one part of what went wrong. Having not read the book, I can't imagine them not touching on the entire Dodd/Frank shit sandwich that led to the entire market fiasco in the first place. That those two names were not even mentioned, even though they did their best to implicate the governments' complicity, seems like a glaring omission.
Yeah you should really read the book. Its a good book.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
I probably will, or most likely an unabridged audio.
the movie was decent...saw it last night
I liked the unique style of cutaway clips and cameo narration at certain points of the movie
(Margo Robbie in the bathtub drinking champagne)
seen several other movies about the housing crash I thought were better...but this one has some serious artistic flair
nothing new to see though really....no cinematic or politically induced revelations about the mortgage crisis
Steve Carrell was amazing
/thread
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