The Big Short2015

Jared Vennett:
The money came raining down, and for the first time, the banker went from the country club to the strip club. Pretty soon, stocks and savings were almost inconsequential. They were doing $50, $100, $200 billion in mortgage bonds and dozens of other securities a year, and America barely noticed as its number one industry became boring old banking. And then, one day, almost 30 years later, in 2008, it all came crashing down. In the end, Lewis Ranieri's mortgage-backed security mutated into a monstrosity that collapsed the whole world economy, and none of the experts or leaders or talking heads had a clue it was coming. I'm guessing most of you still don't really know what happened. Yeah, you got a soundbite you repeat so you don't sound dumb, but come on. But, there were some who saw it coming. While the whole world was having a big old party, a few outsiders and weirdos saw what no one else could. Not me. I'm not a weirdo, I'm pretty f***ing cool, but we'll meet again later. These outsiders saw the giant lie at the heart of the economy, and they saw it by doing something the rest of the suckers never thought to do: They looked.