RaphaelDLG
YaBB God
Posts: 3,687
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« on: February 27, 2016, 09:06:27 PM » |
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It's a fine, well-acted film, and I think people will take away the correct macro-message of Wall Street=dumb+evil, but both it and Lewis' book lionize the people who, by buying insurance on something they did not own (credit default swaps for the mortgage market), literally gambled against the American economy and poured gasoline on a fire. As a result of the actions of the "heroes" of Lewis'/the film's narrative, an economic crisis turned into a full-blown depression as the banks started to fail struggling to pay out swap contracts.
While the heroes of the film were rewarded handsomely and the villains made out okay, guess who lost in all of this? The American taxpayer and pensioners around the world.
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