Great movie. Gotta say, it’s pretty infuriating. And, as if we already forgot, the same cycle that keeps happening every 10-15 years is starting again just recently in 2015. Instead of a “credit default obligation” or CDO they are calling it a “bespoke tranche opportunity.” We really just don’t learn, do we?
Bankers are always looking for a new fancy investment gimmick that can make them a bunch of money at the expense of the masses. I’ll be keeping a close eye on this development.
UPDATE 2016-07-25: I was actually lucky enough recently to meet the real person behind this movie, Steve Eisman, (played by Steve Carrell). I asked him about “bespoke tranche opportunities.” He said they are a non-event. They are not anywhere near as threatening as the ending of the movie implies. And he also said, as cynical as he is about the banks, he thinks history is not on track to repeat itself in the near future. Was refreshing to hear from the guy who foresaw the financial meltdown of 2008.
This is why I’ve been meditating almost every day for 15 years. Although I must say, I suck at it and recently I’ve fallen off the wagon. Need to get back on it because like daily cardio exercise, regardless of how hard it is, you always feel better after and even the next day and future beyond that you did it.
Incredibly inspiring, engaging and highly detailed blog and podcast about colonizing mars and exactly how it’ll happen. Then it goes on to explain how from there we colonize the whole solar system and eventually the galaxy.
It really puts everything about life on Earth in perspective. Especially how rare and precious intelligent life is. And how shortsighted most of us are about what really matters.
Long, but totally worth it. You’ll be glad you read it.