Writer and director Adam McKay has enjoyed great success over the last two decades with various comedic films, but his talent truly shines when he takes on serious issues and biopics. He still manages to add his signature comedic take and adds a bit of levity to an otherwise depressing or frightening situation. McKay’s technique is successfully achieved with his 2015 film The Big Short.
The film’s plot centers around an extremely complex and disastrous event that the U.S. faced: the “2007 Housing Market Crash.” This event was nearly as monumental in scale as the The Great Wall Street Crash of 1929 that financially brought this country and its people to its knees. I won’t go into too much detail of how and why this economic calamity unfolded because the film does an amazing job of explaining it. At some points it even goes so far as to break the fourth wall in a truly comedic fashion, and A-list actors and celebrities speak in layman’s terms to describe the intricacies of the corporate finance and fraud.
The characters in this film are based off the real life men that caught on early that the U.S. housing market had formed a bubble due to criminal fraudulent policy and the greed of major U.S. banks, who believed that the housing market was too big to fail. The cast of men who discover these shocking truths are a collection of individuals each in it for their own goals; some wish to be whistleblowers and hold the banks account for their mismanagement, while others see an opportunity to beat the banks at their own game by betting that the housing bubble will burst and thus enrich themselves as it does. Others still are financial experts and hedge fund managers who have become disillusioned with the system. The cast of this film does an amazing job at fleshing out each character’s motivations, mannerisms, and quirks to the point that they become both believable and relatable.
The cast of this film includes outstanding actors such as Brad Pitt, Christian Bale, Ryan Gosling, and Steve Carrel. This film won an Academy Award for Best Adapted Screen Play and went on to get nominations for Best Picture, Best Director, Best Supporting Actor (Christian Bale), and Best Film Editing. The Big Short still stands at a solid 88% on Rotten Tomatoes. The film has also been praised for its shocking levels of accuracy in explaining and portraying the events that transpired. The Big Short can be extremely unnerving for anyone who has an extended financial portfolio of stocks and investments.
The Big Short offers us a funny and frighting insight into how and why the 2007 housing market crash happened, and, perhaps even more terrifying, how it could happen again.
*Please note it is rated R for pervasive language throughout and some brief nudity.*