Extractor
1 HN recommender · recommended in 4 months, 2018–2022
7:26 · 9M views · Feb 10, 2017
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.
Cited as a film scene illustrating subprime lending, housing bubbles, and people bragging about bad behavior.
4 comments from Hacker News
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
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
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
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