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Movie runtime: 2:10:15

No Sync Required Version: https://cinebingers.ca/1LWqlAt8h5 - For Patreon tier "Bingers on The Wall" or higher.

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The Big Short - Patreon Version

Comments

Martin

Excellent choice!

JayF

Ooooooh yeaaaaaah. Great movie. Currently finishing up The Other Guys and jumping on this one as soon as I'm done.

JediLounger

Heck yeah. If you guys want to see a more detailed analysis of the crisis than a narrative movie can provide, Inside Job (2010) is excellent, and will royally piss you off even more than The Big Short will.

JoshG

I don’t remember much because I was 4 or 5 when it happened. I know me, my two brothers, and my dad lived in a hotel room for about 3 months. But my dad did a great job of making it seem fun and cool. Even though he was the sole provider for the four of us, he worked two jobs to make sure we were fed and had some sort of a roof over us.

Martin Roca

Oh wow, time to get scared to death again

Jay Davis

Oh heck yeah! I LOVE this movie. So glad you did it. Watching right meow.

Rash Bandicoot

I knew this what what you were talking about! This is a really good film! Thank you!

Patrick

For as good as this movie is, it makes me so God damn angry that it's true...and will likely happen again. Shorting a stock should be illegal. It literally goes against the whole idea of investing. There's a reason it's illegal to take out a life insurance policy on another person, you have incentive for them to die.

Odd Thomas

Another great true story with Ryan Gosling: First Man

Philipp Roensch

Oh we are getting spoiled this weekend, lovely movie selection! Let's go! I know, got a dark sense of humor. The shit banks pull was and still is a mess. In EU this crisis hit a bit later, but it still hit the taxpayers hard, I remember my dad being livid af and the price for accounts still went up.

voltwaffle

There's a movie called 'Too Big To Fail' that shows the 2008 financial crisis but from the side of the big names: Treasury Secretary Hank Paulson, Federal Reserve Chair Ben Bernanke and the heads of the big Wall Street banks. I think it's an important watch (or read) as it really highlights how complex and far-reaching the consequences were and how, truthfully, no one saw this coming.

Grandalf

Speaking of Crazy Stupid Love, you guys should watch it, even though Simone has seen it, it's hilarious!

Odd Thomas

So in the UK the Tory government bailed out the banks, then introduced a decade of austerity in public spending to 'balance' out the loss. 'We're all in this together'. Except what they were really doing was using it as an excuse to sell off public utilities to their rich pals: water, NHS, public transport, electric. Billionaire's trebled their wealth in just three years while workers got taxes raised NINETEEN times in 13 years. So now nothing works in our country, inflation is through the roof, everything is falling apart (thanks also to Brexit and Covid, both again used by the corrupt gov to enrich themselves) and now the Tories have crashed the economy they're introducing - you guessed it - more austerity to pay for the mistakes. Meanwhile they refuse to even talk about taxing the super rich, who enjoy low taxes and magically avoid criminal prosecution. I'm barely touching the corruption on display; I could go on for pages and pages. Google Michelle Mone Scandal for example.

gobmob2000

The problem I have with this film, is that it does not really get to the root cause of the financial crisis. The crash's root cause was the government manipulating the market causing mal-investment (which is what creates a bubble), which is why we got the sub-prime mortgages in the first place. Which is a problem that has not been fixed and will therefore repeat itself. P.S. the primary cause for this is the Fed artificially lowering interest rates and the Government subsidising subprime loans.

Garrett Mazzuca

So glad you guys did this movie. Definitely underrepresented on YouTube.

hurryupmode

I was just about to graduate college when the housing bubble crashed. Once I got out, I ended up working at Hot Topic for some time and taking additional coursework at a local community college untilI could find something that actually needed a undergrad degree.

JayF

I agree, George. Perhaps the best, most fitting song to ever end a movie.

JayF

Simone, I'm glad you are livid. An odd thing to say but this movie should make you feel that way. It exposed the fraud that our government and the banks committed against us. Hopefully it acted as a wake up call for when the impending collapse of the real estate market happens again. Which it likely will soon. Hopefully there is an absolute uprising if the government tries to bailout these crooks again with our money.

gobmob2000

What you are basically arguing is that we should continue our alcoholism and avoid the hangover by drinking more alcohol and then blaming the doctor for proscribing "alcohol austerity". Yes you can avoid the hangover for some time by drinking more, but eventually you NEED to go through it to sober up. This is a fact! And how long can you keep this drinking up, eventually the nations liver will fail. I do agree that the Gov should not have bailed out the banks, let them fail. But there is nothing wrong with paying back your debt. Yes its going to be tough, but the party is over, its your fault in the first place for demanding ever more public spending.

Cincassette

Would love to see Simone show George some rom-coms like "Crazy Stupid Love". Such a good movie!

Tay Schumaker

So glad you did this. It’s legit one of my favorite movies of the past 10 years

gobmob2000

I never understood the argument "if you have x amount of money, why do you need more". You can make the same argument about going above minimum wage, you can certainly survive of minimum wage, so why do you need more? This really is a bad line of thinking. Just to give and example, one of the reasons why you might need $100 million, which is above the threshold described by you George, is to invest and create a Electric car and Rocket company, like Elon Music did (He used his $100 million he made of paypal). Tbh, any threshold that anyone can ever come up with is just completely arbitrary, you can always find need for more wealth.

Martin Nicholls

Yeah so Adam McKay has a bit of a bee in his bonnet about 2008, that's why he keeps making stuff directly and indirectly about it. In a sort of way it's a comedy, I guess, kinda. Adam McKay also exec produced Get Hard, which is another financial crime comedy. And Succession - and he directed the first episode of it. Jeremy Strong has a tiny part in this, but he almost stole the show in the scenes he was in and McKay dragged him along to Succession after this, he's a really great actor that sort of appeared out of nowhere. Weirdly for me 2008 actually worked out well, probably put back my buying a house by some years, but I stopped contracting and got my current job in 2009, met a lot of people and got interested and involved in finance. It was a sh*tshow of a time, but given you asked actually personally 2008 affected me relatively well, probably helps I didn't own a house at the time. Also I learned the correct lesson of the events in this movie which banks and hedge funds *still* haven't learned - be on the right side of a grossly asymmetric trade. The lesson banks, hedge funds and a concerningly large amount of day traders took the lesson "if it moves, short it, if it doesn't move short it until it does" which will often put you on that wrong side of a grossly asymmetric trade. Ask Gabriel Plotkin what that feels like. You guys mentioned comedy actors in serious roles in another movie, and I think I mentioned this one. I don't like Steve Carell's comedy work, but he's great in this. I could talk for hours about some of the scenes in this and the nuance in some of the scenes, like the Bull v Baum when the guy says "sure, why not" to buying more the look of disgust and utter panic the woman gives him knowing the implications of what he just said is amazing. As for doing it again, it's far far far worse now than it was in 2008. In 2020 the entire market should have collapsed (and Mike Burry was very short the market - contrary to the text at the end, he is still a massive trader, the difference is now people listen, arguably too much the wrong way, the man moves markets) and governments came in and pissed huge volumes of printed cash into the markets to prop them up which is why the world has such a serious inflation problem now. If you really want a Wall Street Crime Indicator, the Fed's reverse repo numbers should turn people green - that's cash being handed to the banks, many billions a day for absolutely nothing. Mike Burry is a great Twitter follow, though he tends to purge his tweets, so it's best to follow one of the accounts that archives them. You guys have actually done a bunch of my favourite biopics now, the two big ones you still haven't done that are on the same tier as Moneyball and this are Steve Jobs (2015) and Charlie Wilson's War. Also, to answer George's question at the end there - you can't fix the world without money. You might be wrong about the ways in which the world is broken (cough, Soros), but you can't make a meaningful impact without it, and anybody who thinks otherwise is as delusional as the woman at S&P in this. Money is power, and you can never have too much power, that's the point.

Elder Lyons

thats not anywhere near the points he was making, hes talking about hoarding wealth. you literally just invented a point he wasnt talking about just so you can argue against it. theyre talking about wealth hoarding, the question of how many mansions can you possibly need, how many private jets is enough.

ChickensAreRacist

Still watching but very much enjoying you two’s reaction. For a reason I don’t know, I think I’ve seen this movie far more times than any other movie.

Patrick

The root of the root is the fact that the Federal Reserve still exists in the first place. It's not even part of the government, it's a bank.

Patrick

Every job that pays more than minimum wage requires a bachelors degree these days. In the US at least. Enterprise Rent-A-Car literally requires a degree, and that job is basically just trying to get people to buy additional insurance on a rental car while you work crazy hours. A modern day bachelor's degree is equivalent to what a high school diploma use to be....it just comes with hell of a lot of student loan debt.

Joe D. MacGuffinstuff

Ew this one is gonna be a hot one in the comments, I'll try to keep it short because, even as mad as I am (especially because it is absolutely happening again), I don't feel like arguing, it's generally useless when it's things as complicated as the economy, especially because its something that affects us personally, so it's pretty much impossible to see objectively. The thing about economics is it's like trying to predict the weather except you can never have all the data, far too many variables, as much as people try to reduce things to a few numbers (like in Moneyball), there are always factors that aren't necessarily intangible, but are often just overlooked, underappreciated, or misunderstood. Just like the Great Depression, if you ask experts even now how the Housing Crash really occured you'll get different answers. Some will say it was too much government overreach and and others will so it was deregulation, and they're both right. Although I would say one of the main factors is obviously the "Hot Hand Fallacy", which is a basic flaw in human nature, and it seems to be the one thing all of the major market bubbles in history share. But I'm probably wrong. Anyway, since you asked, I'm going to mention how the crash affected me, and pretty much all the people I care about. Obviously we were all at least indirectly affected, lots of plans were ruined, a lot of motivated people had to redirect and regroup. Myself, it didn't happen right away but eventually the loss in tax revenue seriously affected the budget of the public university I was going to, to the extent that I had to completely change my plans and, ironically, I could no longer double major in economics lol, not without changing my major and basically wasting all the time and money I'd already invested in my then major, which was meant to be multidisciplinary. Also didn't help that our landlord raised rents to cover his losses, that happened to so many people who were barely making it at the time. One of the worst things I remember though, was what happened to my friend's parents. His dad was really a hard working and intelligent man, he was basically a working inventor, he would design and build machines to do very specific tasks for factories and packaging plants, some were huge and complicated, at least to me. And he was humble, just wanted to provide for his family and retire with his wife out in the desert, so just as he was retiring and had sold the business he built from scratch, they put their house on market, right before the Crash. Lost nearly everything, ended up moving into a tiny house in a retirement community, his health went to shit and he died. And he was one of those guys that just really believed if you work hard, you're responsible and believe in personal accountability, the American Dream is there for the taking. And I remember he became really bitter and blamed immigrants and poor people. Oops, I really meant to be short, unintentional pun, but it is so easy to rant about the subject.

Johnny Liu

To George's Question: To put it in a nutshell, back in 2009 my family lost the house I had lived in since childhood and grew up in for 15 years and we had to downsize to a shitty apartment, which we still have to this day.... To Simone's Question: Lol Miranda? Like from Sex and the City???

djKENTO

yeah he’s playing a real person but Christian Bale is giving the best performance of some one with autism in any film I’ve ever seen.

Odd Thomas

Another great film about an autistic person: Temple Grandin. The best thing Claire Danes has ever done but nobody has seen it. Based on a true story. Speaking as someone who is on the spectrum, it was so rewarding to see and relate to her struggle to be 'normal'.

punterjoe

When I read the Michael Lewis book, I never imagined anyone could turn this into a popular movie. Maybe a PBS documentary.... but certainly not ....entertainment. This is a brilliant adaptation. And if Margot Robbie in a tub is what it takes to get people to pay attention to this lesson, more power to the producers!

Chints' Miniature Mistakes

My future actually changed because of this event. I'm Indian and it's pretty normal in Indian culture for the parents to pay for kids college. My parents had invested in a couple of properties at the time and then the entire real estate market crashed. My parents, aged 50 at the time lost all of the little savings they had. Me going to college no longer became a possibility. I ended up going to a vocational school and I think it was because of this event that I tried to do as good for myself as possible. Ended up getting some side gigs in college that meant that I didn't have to depend on my parents at all and they could just take care of themselves. I suppose in the grand scheme of things it was overall good for me because I learned a lot and grew from it, but ofcourse it absolutely devastated my parents.

punterjoe

A somewhat related movie that you may enjoy (or despise) is "Queen of Versailles" - basically about a married couple of 'go-getters' who bought all-in to the real estate mirage mania ....and what happened when the bubble burst

Terry Yelmene

Thanks George and Simone for sharing this one. It is an important one for us all to see/understand - - - there are a lot of bad people. And I agree, the world can be better... Ted Lasso is so much better!

Lou Gallucci

Graduated college December 2007. Got a job and then got layed off a month later. Took 6 months to find another, worked for 3 months and then got told they couldn't afford to pay me anymore but I could come in and work for free if I wanted. That was a fun conversation to have as a 22 year old straight out of college. Took another 6 months to find another one. Overall I got lucky in that my parents could afford to keep me living at home during that year plus out of college. I know plenty of others who weren't so lucky.

Alexrandom

A great film similar to this one in terms of feeling but not subject is "Spotlight". I really hope you guys watch it, it's pretty great and the actors are incredible (Keaton, Buffalo, McAdams)

Gabriel Garza

Bonus: Kitty purring into the mic helped to keep me calm :)

John

It is a great money and definitely infuriating. I don't think shorting stock is the issue. I think the idea of investing has changed an in some ways become corrupted. Shorting a stock is just taking a bet against a particular stock or position. It might be that you think that company is run poorly and will lose value. I think the greater issue is that there is not transparency in how these things are valued and the idea of buying stock is no longer a long-term investment in a company so that the money might be used to improve the company product. Stock buy-backs artificially increase the value which is benefits the company's paper value but not the actual company. There is also now a vested incentive for governments to keep the value in the stock market elevated even if it does not reflect the actual value of the stocks being traded and that is hinted at here.

Brendan Rafferty

George… you asked for stories from those of us who lived through the 2008 crisis. Here’s mine. I wasn’t working at the time I had spent years making very good money as one of the managers and booking agents of a famous rock club in New York City. The club closed in 2006 when our new landlord refused to renew our lease. I had been careful with money so after a decade and a half of working six nights a week, I had a comfortable chunk saved both in the bank and in hidden rubber banded bundles in the house. I had a lot of what i saved put into a long term retirement investment account. I figured in the next ten years, I could retire before 50. After nearly two years of enjoying working part time here and there, living mostly off cash in the drawers… I decided it was time to look for an actual job…. October 2008, right as the collapse hit. Everything changed overnight. Good jobs were no longer available. Jobs that had advertised good wages with no experience required, were suddenly advertising lower pay and asking for five years experience… because they could since suddenly so many people were looking for work. I wound up taking a crappy low paying job and had to do tons of overtime just to make it work. Many of my fellow underpaid coworkers were recently unemployed wall street folks. My retirement account was wiped out and while I came to the realization that to take care of my family, I would now likely have to work until the day I die, I watched on the news as Wall Street investment bankers justified giving themselves multi million dollar bonuses with our taxpayer funded bailouts.

Christian Rennie

What a rough movie. But is good that we get to hear about it. I was in my 20s and poor back then so I didn't feel it. Lucky I guess. In the movie, I thought at the end Marc Baum says they are "just like everyone else" if they sell and we get the, "we didn't defraud the American people and prey on their dreams." Marc and the others were all just betting on the peoples' nightmares.

Keen7981

If you thought this was a good movie I highly recommend Spotlight. I will say though that it's a difficult watch. It follows the first reporters to break the Catholic Church sex abuse scandal. As difficult as it is, it is well worth the watch though. Very good and enlightening movie.

Jay Davis

I've got a similar story to you. I hadn't bought a home for myself yet back then either. Also, I was "irresponsible" with my money back then in the sense that other than my contributions to my pension and 401k, I just kept all my savings in a checking or savings account. No investments. I have a career that is recession proof essentially, so I wasn't really affected. I finally started shopping for a house after the crash, so I really lucked into a good price and rate. I even got the $8k free from the government that they were giving first time home buyers (which essentially went right into the down payment on my mortgage). And then I lucked out again in the covid market crash. I still wasn't doing anything for investing, but I had saved up a bunch of cash as a down payment for a future rental property purchase. When the market crashed, I told myself I'd figure it out. I invested my money on companies that I was pretty sure were going to survive (certain restaurant companies, some retail, cruise lines, energy/oil companies. and a few others). I lived off credit cards for months so I could put all my paychecks back into the stock market, and I did really well. I just happened to be luckily in the right place at the right time. Ohhhh...now I DID miss out on what would have been a lucky break. I had invested in AMC theaters at one point figuring that movie theaters would make a comeback when the covid shutdowns went away. I sold it all though when there were rumors of bankruptcy and bought Cinemark stock. I sold that AMC a few months before all that Gamestop/AMC stuff with reddit was going on when they drove up the price to insane levels. That was crazy.

Young Blood Priest

I owned several properties with my previous wife and this movie shows the main reason why she’s my previous wife. We got suckered in by the easy to obtain mortgages illustrated in this movie and because of it there was a lot of blaming and finger pointing. We NEVER left any tenants hanging to become homeless like the piece of shit landlord in this movie. We both had to work hella overtime but we kept our mortgage payments up. Thankfully we are handy and could handle most repairs ourselves. We held on and sold them all. She got the last three in the divorce and made a killing when the market rebounded 😡🤬. But hey…that’s life. Like you George this movie was a tough watch. Funny I’ve never heard of it before, much less what it was about, but all in all I enjoyed the reaction.

Tinfoilnation

Another excellent film that goes into this topic is, which I'm sure has already been suggested in other comments and I now second: Margin Call (2011)

Anthony Villena

I was working my first entry-level job around this time and making just a few dollars more than minimum wage. I called a bank to ask about their interest rates for savings accounts. During the call, the rep told me about his $250K+ house in the mountains in Colorado and asked if I wanted to have one of my own too. He said it wouldn't be that hard because he already had my information. I remember after hanging up that I thought that it was weird that they'd be willing to offer such a high loan to someone with little collateral.

akaTheBARON

🖤I assume the intro is a Sex and the City reference but couldn't tell you the scene/episode. I watched a decent chunk of it but it was a while ago and there's lots I haven't seen either. Haven't seen the movies either.

Juley

Great film! And a terrific performance (as always) by William Hurt!

Jeramie Schmatjen

I like The Big Short but I didn't like that they ignored the government's role in the crash. It didn't mention how the government allowed subprime mortgages in the first place. Greed is understandable from the private sector but allowing the greed through law is a different story. Who is worse? The child who does something bad or the adult who lets them do it?

Tay Schumaker

I’ve seen this movie a lot and it hits me every time. Good discussion at the end. It’s both sad and infuriating

Tay Schumaker

Spotlight and this are always connected for me too. I think I watched them at the same time but totally agree. It’s another great movie that is emotionally devastating

Chase Lonnergan

The one thing that this movie neglects, intentionally, is how culpable the government was in ALL of this. The reason that banks started pushing so hard into sub-prime loans was due to pressure from the government concerning red-lining laws and regulations. And, of course, the inordinate number of legislators and even presidents who were, and still are, heavily involved with banking and finance. NONE of this would have happened if the banks weren't being protected from market forces by Planned Economy strategists and political activists. Not to mention the inherent corruption in the Federal Reserve, the FDIC, and the Treasury Department. I used to work in finance, I saw it from the INSIDE... In 2006. The ONLY thing keeping the system corrupt, is the fact that professional politicians and the finance business are permitted to work togeher.

Samuel Bruce

Vice and Spotlight(definitely Spotlight, which one Oscar's) are in the same mold as this movie and worth watching.

Poddington

My story from 2008. I chose redundancy over a different position at the job I was working at due to anger. I was lied to and not made aware of the companies agenda so I chose to leave. I wasn't aware of issues with the market, since it was mostly written as an issue with the US market, but soon it became clear when I started to look for other jobs just how much it had effected others here. I had redundancy money to live for about 6 months, but I had private surgery for £10,000 a year earlier so also had had to make those payments. I was sure I would walk in to another job within a couple of weeks - so i was wreckless. All the signs were there, but I didn't see them. A year later no job. I went to career groups, job centre, did courses to get certificates that may help my prospects, but nothing. 2 Years later and still no job. I decided to take a loan to help me cover my outgoings sure my new job was around the corner. Nope. 3 Years and no job. By the time I got my next job it was 2013 and I'd moved back home with my parents and was £14,000 in debt. Any money I did make went to paying off the debt. I got lucky that the government decided to cancel a chunk of peoples debt and although I wasn't told I was part of it, the debt collection agencies stopped calling. Soon after my credit rating started to climb. I have since checked for the debt and was told I don't have anything so definitely got lucky. Lots of lessons and growing learnt during that period.

Rupert Purcat

Yeah - I'm like George avoiding these movies because I still get kranky . As an economist I knew the housing market was out of wack here in Australia at that time. When average people were buying multiple houses. I left government and bought a business through borrowing against family farm assets. The Australian bank I borrowed with I had been in the same branch all my life - they lost a couple billion in dodgy European bank deals, and to cut market exposure they terminated a shit tonne of loans. The bank sent in receivers the day they sent a letter to me after I had spent a month trying to contact loan managers. And 13 years later the happy upside. living in my sisters shed, brother had to re-buy the family farm, no one in my hometown or family will talk with me and still struggling to find work since I took eight years out of career in business. Thanks for letting me tell my sob story. Cheers

Rupert Purcat

A movie 'Margin Call', 2011 gives a good view from inside the bank as they try and dump the shit CDO's into the market. Great cast, good follow up to Margin Call. Thanks and Cheers.

Jacob King

It might be worth checking out the movie 24-Hour Party People about the post- punk music scene in Manchester which is very much the stylistic predecessor to this film. It’s got a lot of fourth wall breaking and real people turning up in scenes to explain that what you are seeing isn’t true. It wouldn’t be great for YouTube though as it’s all music. Michael Lewis who wrote the book this movie is based on and the books of Moneyball and the Blindside was the main character on last week’s episodes of the Behind The Bastards podcast which were a lot of fun. He, er, doesn’t come off well. Adam McKay’s next film was Don’t Look Up and it is brilliant.

JoeySnowyNoey

I remember liking this movie! Need to see how I feel about it again. But I know for a fact this will piss me off bad. Not for because the movie is bad but because this whole situation makes me livid. Lol not gonna get into it but people should’ve been punished way more than they were.

WTFThisshitagain

Yess,Margin Call is a very good "naturalistic" look on the happenings, i always feel Big Short is too much spectacle.

ChickensAreRacist

On the first watch of your reaction, I didn’t understand Simone’s ‘SUBLIME!!’. But then later yesterday just happened to watch Barbie. Now that we’re watching this reaction a 2nd time, I finally got it. ::Warning: the preceding isn’t that interesting to read::

Paul G

I forgot to mention yesterday that there's another movie from 2010 called "The Company Men" that's also about the '08 crisis. It's not as well known but it's worth checking out.

Jack Burton

Now add Spotlight to your list. Another movie of the same year with the same size irl impact but for different reasons. Same amazing type of movie with a lot of great actors.

Chase Schleich

The rage we had as a country when the government used our money to bail out the banks, didn't arrest anyone, didn't split up any of the banks and didn't even add new rules to how mortgages worked. It was insane. Yet we did nothing about it. We didn't march on Washington with pitchforks, hell, we didn't even vote any different. There were zero consequences for anyone and that's why they just started doing it all again. And when it all collapses again, the government will just bail them out... again. The world won't end in nuclear fire or an asteroid strike. It will end because of Wall Street, the big banks, and the corrupt US government. Someday, the US will fall like Rome, except this time, the whole world will collapse with it. Total meltdown, unrecoverable. All because the entire system is built on a house of cards and we really can't do anything about it. That's just my prediction.

Hussain Rumaih

Me remembers when i was a child my father told me he saw a man burn a hundred dollar bill in front of everyone for fun because he made so much money and when the crisis hit, he lost all his money. He is no longer alive...

UNC

Great reaction! I once again am going to recommend the show Succession. Jeremy Strong (Who played Vinny Daniel numbers guy) is phenomenal along with the rest of the cast and writing. One of the best shows of the last 5 years in my opinion.

Anodyne

You definitely need to watch Margin Call as a follow-on to The Big Short.

Chase Schleich

Wallstreet and it's sequel (decades later) would be good ones to add to the list. I'm sure you've heard the phrase "Greed is good" which comes from that movie. Also, Michael Douglas's cell phone in the 1st film was a lot of people's first time seeing a cell phone and it made everyone want one (only took 20 more years to become affordable lol)

Zoran24

I love Crazy Stupid Love

ExtraBigAssTaco

If you have millions already, why try for more? Because it's the investors' money, and it's your job to make them more... Also, in the US, the prevailing culture is all profit-centered...

Ian

My parents were negatively affected by the crisis, lowkey contributed to their divorce too

JoeySnowyNoey

It's just capitalism. Under that we are rewarded the more greedy we are in this society.

Amelie W

I don't think there needs to be a law against going to work in a given industry after working in the government body for regulating that industry. It just needs to be taken as a big warning sign to look out for if someone does that because it probably means the regulators are failing in their mission and creating an unchecked growth industry that will make them rich fast and then collapse. I live in Sweden, and it's hard to say how anyone I know was "directly" hurt by the crisis. Like, it contributed to the city of Detroit going bankrupt which contributed to Swedish state pension funds going through their own crisis, but that's about the closest connection. It's like a house of cards in multiple dimensions where it's started falling down but hasn't collapsed all the way to all its many edges yet, even as every falling card helps keep pushing up rent and grocery costs and everything for everyone.

Daniasaurus

I disagree there is nothing to be done. I believe it is the system at play in our world and with the overturning of that system humanity could have a chance to build something better. Not perfect cause thats just idealism, but something that actually works better for the majority of people. Where we won't have just millions of homeless on the streets and children being starved. Humanity working together to help each other and the world rather than a couple of people getting to live like kings and the majority kept under suppressed.