Saturday, December 19, 2015

The Big Short: New movie about the housing bubble

Paul Krugman turns movie critic in this review of The Big Short. He thinks the movie gets it right - and therefore will come in for increasing pushback from Wall Street and the anti-regulatory forces.

While the movie gets the essentials of the financial crisis right, the true story of what happened is deeply inconvenient to some very rich and powerful people. They and their intellectual hired guns have therefore spent years disseminating an alternative view that the money manager and blogger Barry Ritholtz calls the Big Lie. It’s a view that places all the blame for the financial crisis on — you guessed it — too much government, ...

Check out his review and then: Let's all go to the movies, Lets all go to the movies ...

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