9M views · Feb 10, 2017 · 7:26 · 1 HN recommender · 4 mentions · discussed 2018–2022
A clip from the 2015 film The Big Short in which FrontPoint Partners investigate mortgage lending in Florida and place their first trade. It shows brokers and a stripper-adjacent loan scene illustrating subprime lending to unverified borrowers.
Why Hacker News points people here: Cited as a film scene illustrating subprime lending, housing bubbles, and people bragging about bad behavior.
“They are not confessing; they are bragging.”HN comment, 2022
“Movie recommendations: Margin Call”
Film clip about the run-up to the Great Recession.
Start of the Great Recession. S&P 500 went from 1400 to 800 in six months. I lost 40% of my retirement investment and it was ... distressing to say the least. Movie recommendations: Margin Call link The Big Short this video
“This reminds me of the Mortgage Broker Scene in The Big Short”
Mortgage broker scene illustrating people profiting despite consequences.
This reminds me of the Mortgage Broker Scene in The Big Short where they interview two brokers. It's their job yet they are contributing in spite of consequences. this video
“somewhat NSFW”
Scene illustrating subprime lending to unverified borrowers.
As cash-rich contractors, they were lucrative customers for expensive subprime adjustable-rate mortgages once underwriters stopped verifying steady employment income. somewhat NSFW: this video
“They are not confessing; they are bragging.”
Scene where bragging is mistaken for confessing.
Lately more and more such videos are shared online and the very first thing that came in my mind is this scene from "The Big Short" [1]; - "I don't understand; why are they confessing?" - "They are not confessing; they are bragging." I get the impression we are going to witness this scene in real life sooner than we can possibly imagine and I hope I'll be proven wrong! [1] this video
