Independent University, Bangladesh

Bonus Assignment On

The Big Short Film

Course Instructor:

G. M. WaliUllah

Prepared By:

Course Title: Investment Management

Course ID: FIN 460

 The Big Short

Directed by Adam McKay

Produced by Dede Gardner, Jeremy Kleiner,
ArnonMilchan, Brad Pitt
Music by Nicholas Britell
Cinematography Barry Ackroyd
Edited by Hank Corwin
Release date December 11, 2015 (United
States)
Running time 130 minutes
Country United States
Language English

The Big Short is an American biographical comedy drama film which was directed by Adam
McKay and written by McKay and Charles Randolph, based on the book The Big Short
(2010). The Big Short tells the story of the financial crisis through a group of outsiders and
misfits who predicted the housing collapse and became fabulously rich.The film is noted for
the unconventional techniques it employs to explain complex financial instruments.The film
consists of three separate stories which run concurrently with no plot overlap they are only
connected by the commonality of the predicted housing market collapse.

"The Big Short" is a remarkable, mostly true story that chronicles a group of Wall Street
outsiders who saw what no one else saw coming, the housing crash. This group made
millions betting against subprime housing by buying up credit-default swaps on mortgage
bonds. The plot comes in three frayed strands, all of which are narrated and linked by Jared
Vennett, a sleekly awful trader played by Ryan Gosling in a grey suit, queasy spray tan and
slicked-back wig. He looks awful, and that’s part of the joke. Unlike The Wolf of Wall
Street’s Jordan Belfort, there’s nothing remotely seductive about these men or what they’re
up to. What keeps you glued to them isn’t vicarious pleasure, but mounting disbelief as the
scale of the impending collapse becomes grimly apparent. Eccentric hedge fund manager
Michael Burry discovers that The United States housing market is extremely unstable, being
based on high-risk subprime loans. Anticipating that the market will collapse, as interest rates
would rise from adjustable-rate mortgages, he envisions an opportunity to profit. His plan is
to create a credit default swap market, allowing him to bet against market-based mortgage
backed securities.A misplaced phone call alerts Front Point hedge fund manager Mark Baum
to his plans, and he is convinced to buy credit default swaps from Vennett due to his own
personal distaste with the banks. Vennett explains that the market collapse is being further
perpetuated by the packaging of subprime loans into collateralized debt obligations large
enough to be considered AAA ratings.