The Big Short (film)

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Movie
German title The big short
Original title The big short
The Big Short Film Logo.png
Country of production United States
original language English
Publishing year 2015
length 130 minutes
Age rating FSK 6
JMK 6
Rod
Director Adam McKay
script Adam McKay,
Charles Randolph
production Dede Gardner ,
Jeremy Kleiner ,
Arnon Milchan ,
Brad Pitt
music Nicholas Britell
camera Barry Ackroyd
cut Hank Corwin
occupation
synchronization

The Big Short (dt. About The Great Shorten or The Big Empty Sell ) is an American film by Adam McKay , who on 12 November 2015 at the AFI premiered -Fest and came in select US theaters on December 11, 2015 . The film was released in Germany on January 14, 2016. The film is based on the book The Big Short: Inside the Doomsday Machine by Michael Lewis .

The film was nominated in five categories at the 2016 Academy Awards. He was ultimately awarded for the best adapted screenplay.

action

The quirky hedge fund manager Michael Burry recognizes the looming bubble in the US real estate market and sees the financial crisis coming. He analyzes the situation meticulously and in particular questions the practice of the large investment banks to mix secure mortgage portfolios with risky portfolios and then have these packages ( CDOs ) rated highly by the rating agencies in order to sell them on to other financial institutions at a profit. In order to use this knowledge, he finally tries to use the resources of his own fund with a newly created financial instrument to bet on the expected price slump (see also long and short ). His business partners, however, mostly employees of other banks, ridicule him as an eccentric, but offer him special credit default swaps (CDS) in view of seemingly secure profits , which Burry takes in large numbers in the fund. Burry's customers are also annoyed by what they consider to be wrong calculations and high insurance premiums and threaten to withdraw their capital from his fund.

Some other investment bankers around Mark Baum, who operate under the umbrella of Morgan Stanley , are made aware of Burry's business by Jared Vennett by chance. Vennett works for Deutsche Bank and knows the risk of the real estate bubble. However, he earns large commissions on the sale of CDSs and bears no risk. He convinces Baum to also include CDSs in his portfolio. Baum is initially skeptical. Baum's team does research in Florida , where they discover numerous vacant houses in a residential complex. They then speak to two men who make their living selling home loans. Without any experience, the two have specialized in selling so-called "ninja loans" (No Income, No Job, No Assets), especially to immigrants, as they often speak poor English and therefore do not understand the complicated contracts. Since the two get five times the commission for loans with variable interest rates, they only sell these, even if a rise in the interest rate means that the debtors can no longer service the loan.

Charlie Geller and Jamie Shipley, two young fund managers, are actually looking for a partner bank to do bigger deals when they stumble upon Vennett's sales documents by chance and, with the help of their mentor Ben Rickert, also get into the CDS business. By betting against the market, they can potentially make gigantic profits with little of their own, especially since they are also betting against relatively well-rated CDOs, as the rating grossly underestimates the actual risk of default. So everyone involved is betting on a large scale that tens of thousands of families will lose their homes.

Baum sees through the game. The warnings he issued about this bubble are ignored by the majority of the other bankers and managers, as the real estate market is "rock solid". Long before the actual crisis, it became clear that the banks had recognized their dilemma: They were selling their own rotten papers to unsuspecting customers and were now betting against the housing market as well. Charlie and Jamie try to publicize this finding, but an editor friend of the Wall Street Journal refuses to publish the story. The idea that banks cheat on such a large scale seems too implausible to him, and too great the risk of losing one's good reputation through a critical article.

In the middle of an expert conference on the subject, a scandal breaks out: Mark Baum debates with Bruce Miller, a banker who still doesn't want to believe in the crisis. During the conference, shares in Millers Bank, Bear Stearns , suddenly plummeted. At the same time, interest rates on interbank loans are being raised, which bursts the bubble: Since many homeowners can suddenly no longer service their loans, Burry's assumption proves to be correct. But he and the few other investment bankers can make a huge profit from their shorts on the housing market. The investment banks, which previously contributed to the growth of the bubble with their questionable business practices, are not getting off so lightly. Hundreds of bankers become unemployed. Mark Baum realizes that he has bet against his own bank and that it is now on the verge of bankruptcy. Burry's fund achieves a return of over four hundred percent. Burry decides anyway to dissolve his fund. Due to the massive slump in prices and bank, company and personal bankruptcies, the entire global economy is finally shaken: the global economic crisis of 2007 has begun. This particularly affects ordinary Americans, represented by a family who is losing their house, although they have always paid their rent on time, since their landlord has taken out loans in the name of his dog. Most of the banks get away scot-free, with only one banker going to jail. Those who caused the crisis, the big banks, will be saved with state money. In the United States alone, eight million people lose their jobs and six million their homes.

In 2015, large banks began to sell CDOs as a so-called “bespoke tranche opportunity”.

background

The financial crisis that began in 2007 , which was part of the global economic crisis , was initiated in the summer of 2007 by the US real estate crisis . It was the result of a speculative bloated real estate market in the USA. Soaring interest rates on interbank loans caused the bubble to burst on August 9, 2007.

The film is based on the published 2010 book The Big Short: Inside the Doomsday Machine (dt. The Big Short: Like a handful of traders gambled away the world ) by Michael Lewis that the jump to the the same year bestseller list of the New York Times managed and was recognized internationally. Michael Burry, whom Lewis portrays in his book, is real. The hedge fund manager was the founder of Scion Capital LLC Hedge Fund , which he managed from 2000 to 2008. The characters Atwood "Porter" Collins, Danny Moses, Vincent "Vinny" Daniel and Wing Chau appearing in the film are also real people. Collins, Moses and Daniel were on the team of stock guru Steve Eisman until 2006, and in 2011 they jointly founded Seawolf Capital , a hedge fund that specializes in and is managed by investing in the stock market. Wing Chau, president and founder of Harding Advisory , later sued Steve Eisman and Michael Lewis for defamation over the negative portrayal of himself in The Big Short .

The characters of Mark Baum (Steve Eisman), Cynthia Baum (Valerie Feigen), Jared Vennett (Greg Lippmann), Ben Rickert (Ben Hockett), Charlie Geller (Charlie Ledley) and Jamie Shipley (Jamie Mai) are based on real people.

production

occupation

In January 2015, it was announced that Christian Bale would take on the role of hedge fund manager Michael Burry, Ryan Gosling would take on Jared Vennett's and Brad Pitt would take on the role of Ben Rickert. Actor Steve Carell took on an Eisman-style role with Mark Baum, a no-ministering fund manager. In April 2015, the roles of Vincent "Vinny" Daniel with Jeremy Strong , Atwood "Porter" Collins with Hamish Linklater , Danny Moses with Rafe Spall , Wing Chau with Byron Mann , Jamie Shipley with Finn Wittrock from Georgia Hale with Melissa Leo and by Cynthia Baum with Marisa Tomei . In addition, Margot Robbie and Selena Gomez play themselves in one scene each.

  • Christian Bale (2009)

  • Ryan Gosling (2014)

  • Brad Pitt (2014)

  • Steve Carell (2014)

  • Jeremy Strong (2014)

  • Hamish Linklater (2011)

  • Finn Wittrock (2015)

  • Melissa Leo (2009)

  • Marisa Tomei (2012)

  • Karen Gillan (2014)

Filming

Filming began on March 18, 2015, and most of it took place in New Orleans and Las Vegas . In addition, scenes were filmed in a pub in Fulmer (England).

reception

Age rating

In Germany the film is FSK 6 . The statement of reasons for the release states: “The strong dialogue film offers children of primary school age practically no points of contact, so that they maintain an emotional distance from the events. Even the sometimes harsh tone of the characters as well as isolated, short scenes at a shooting range or in a strip club do not develop any negative impact: they are perceived by elementary school children as elements of a strange adult world that has nothing to do with their own lives. "

Reviews

The screenwriter and director of the film Adam McKay (2015)

The film was able to convince 88 percent of the Rotten Tomatoes critics (out of a total of 318 critics) and achieved 81 out of 100 points on Metacritic based on 45 reviews (as of November 1, 2019). Andrew Barker of Variety says: " The Big Short is miles away from McKay's previous films like 'Anchorman' and 'Talladega Nights' , but a bit of their abundance remains and his attempts at subtle metaphorical commentary." Norbert Kuls of the Frankfurter Allgemeine Zeitung criticized : "The humor with which McKay loosens up the looming tragedy is a bit rough at times." However, Kuls also notes that the film is "in spite of the true essence at no point as if it were a documentary."

The film service ruled: “The surreally aroused farce unfolds a wild staccato of different narrative means around the stock market mania, leading to the moral demand that banks should pay for the economic damage. The film with prominent cast also tells against its will of the difficulty of formulating politically binding criticism of the financial system using the means of entertainment cinema. "Andreas Busche from epd Film said:" The film, which begins almost two years before the crash, is righteously indignant , moderates his topic but prudently between the morality and the cynicism of his protagonists. "Christian Horn praised the montage and the ensemble at Filmstarts.de :" The Big Short is dynamically staged - solely through the clever associative montage that creates connections and the feeling the fact that the audience is there, you could write your own criticism - but the episodic events, which sometimes seem somewhat jagged, provide emotional resonance above all through the famous cast. "

A critic of Das Film Feuilleton particularly praised the work of McKay: “Even though the eloquent script offers several minutes of dialogue fireworks that are primarily composed of phrases that - especially at this speed! - are hardly comprehensible for normal mortals, Adam McKay counters the verbal overstimulation with such ingenious ideas that The Big Short quickly becomes an understandable matter and, moreover, its design continually breaks narrative dimensions. ”Jan Küveler from der Welt am Sonntag describes the film as "A highly moral, highly comical lesson about the impostures of high finance" and judges that it was "the best film about the financial crisis that one could wish for."

Gross profit

With production costs of 28 million US dollars , the film had recorded in theaters dollars around 133.3 million worldwide. In the US alone, the film grossed around 70.3 million US dollars. In Germany, the film recorded 405,087 visitors, placing it at number 72 in the 2016 annual charts. The income in German cinemas was around 3.4 million euros .

Use in school lessons

In January 2016, The Big Short was presented by kinofenster.de as “Film of the Month”. The online portal also offers materials on the film for use in lessons. Friederike Horstmann wrote there that the sheer amount of visual and acoustic information in the film was a challenge in itself and could make it difficult for viewers to penetrate the complex bond business. Nevertheless, the film wants to make the technical jargon and the accounting methods of the bankers understandable, Horstmann continues: “Also because incomprehensible abbreviations are often used on the financial market for inferior mortgages. For this McKay chooses a humorous and didactic approach. "

Awards

Soundtrack

The soundtrack to the film is by Nicholas Britell , was released on December 11, 2015 and includes 23 songs.

  1. Boring Old Banking
  2. Lewis Ranieri
  3. America's Number One Industry
  4. Glass Eye
  5. Mouseclick Symphony Mvmt 1
  6. Does It Make You Bored
  7. The dopeness
  8. I love my job
  9. gully
  10. Truth Is Like Poetry
  11. Jamie & Charlie & the Sec Girl
  12. Shorting the Aa
  13. Vegas
  14. Neptune
  15. Redemption at the Roulette Table
  16. I Offered Him Money
  17. Restricting Withdrawals
  18. New Century
  19. To Kathy's office
  20. 15 trillion
  21. I say when we sell
  22. Smells Like Sheep
  23. The Big Short Piano Suite

synchronization

The film was dubbed by Interopa Film GmbH. The dialogue book is by Sven Hasper . Antonia Ganz directed the dialogue .

role actor Voice actor
Michael Burry Christian Bale David Nathan
Mark Baum Steve Carell Uwe Büschken
Jared Vennett Ryan Gosling Tommy Morgenstern
Ben Rickert Brad Pitt Tobias Master
Jamie Shipley Finn Wittrock Roman Wolko
Cynthia Baum Marisa Tomei Katrin Zimmermann
Danny Moses Rafe Spall Tobias Nath
Porter Collins Hamish Linklater Marcel Collé
Dan Detone Al Sapienza Ronald Nitschke
Lawrence Fields Tracy Letts Bodo Wolf
Vinnie Daniel Jeremy Strong Nick Forsberg

Web links

Individual evidence

  1. ↑ Release certificate for The Big Short . Voluntary self-regulation of the film industry , December 2015 (PDF; test number: 156 582 K).
  2. ↑ Age rating for The Big Short . Youth Media Commission .
  3. ↑ assets : Vermögen (LEO online dictionary https://dict.leo.org/englisch-deutsch/assets )
  4. ↑ Bear Stearns - Banking crisis plunges stock exchange into turbulence at Spiegel Online, added Dec. 30, 2019
  5. ↑ Alexander Armbruster: Michael Lewis: The Big Short. If nobody believes in the crisis, it is even more worthwhile to count on it. In: Frankfurter Allgemeine Zeitung, July 19, 2010.
  6. ^ The Big Short In: historyvshollywood.com. Retrieved January 10, 2016.
  7. ↑ Linette Lopez, Herbert Bauernebel and Carolin Ludwig: This banker predicted the last financial crisis before anyone else: Now he warns of the next crash In: businessinsider.de, December 30, 2015.
  8. ↑ Eisman's Former FrontPoint Team To Go It Alone In: finalternatives.com, September 14, 2011.
  9. ↑ Porter Collins, Daniel Moses, And Vincent Daniel Bio, Returns, Net Worth In: insidermonkey.com. Retrieved January 12, 2016.
  10. ^ Courtney Comstock: Wing Chau Is Suing Michael Lewis Because "The Big Short" Makes Him Look Like An Idiot In: businessinsider.com, February 28, 2011.
  11. ↑ a b Bory's Kit: Steve Carell in Talks to Join Christian Bale, Ryan Gosling in 'The Big Short' In: The Hollywood Reporter , January 14, 2015.
  12. ^ The True Story Behind The Big Short. In: History vs. Hollywood. Accessed December 31, 2016 .
  13. ↑ Justin Kroll: Brad Pitt, Christian Bale and Ryan Gosling to Star in Financial Drama 'The Big Short' In: Variety, January 13, 2015.
  14. ↑ Ethan Sacks: Steve Carell $ ells it as a moneyman in 'The Big Short,' director Adam McKay's film about the 2008 financial crisis In: New York Daily News , December 4, 2015.
  15. ↑ Mike Fleming Jr: 'The Big Short' Solidifies With Christian Bale, Steve Carell, Ryan Gosling, Brad Pitt In: deadline.com, April 21, 2015 (English).
  16. ↑ Reasons for approval for The Big Short In: Voluntary Self-Control of the Film Industry . Retrieved February 3, 2017.
  17. ↑ The Big Short In: Rotten Tomatoes . Retrieved November 1, 2019.
  18. ↑ The Big Short In: Metacritic . Retrieved November 1, 2019.
  19. ↑ Andrew Barker: Film Review: 'The Big Short' In: variety.com, November 13, 2015.
  20. ^ Norbert Kuls: The Big Short. The financial crisis as a big cinema In: Frankfurter Allgemeine Zeitung , December 25, 2015.
  21. ^ Review of The Big Short In: Filmdienst , January 11, 2016.
  22. ↑ Andreas Busche: Review of The Big Short In: www.epd-film.de, December 28, 2015.
  23. ↑ Christian Horn: Review of The Big Short In: Filmstarts.de , January 11, 2016.
  24. ↑ The Big Short - Review ( Memento from January 3, 2016 in the Internet Archive ) In: dasfilmfeuilleton.de. Retrieved January 3, 2016.
  25. ↑ Jan Küveler: Dummheit im Quadrat In: Welt am Sonntag , January 10, 2016, p. 22.
  26. ↑ The Big Short. Box Office Mojo , accessed January 3, 2020 .
  27. ↑ The most successful films in Germany 2016. In: insidekino.com. Retrieved January 3, 2020 .
  28. ↑ The Big Short. In: kinofenster.de.
  29. ^ Friederike Horstmann: The Big Short. In: kinofenster.de.
  30. ↑ Gregg Kilday: Satellite Awards: 'Spotlight' Collects Four Prizes, Including Best Picture In: The Hollywood Reporter , February 21, 2016.
  31. ^ Satellite Awards 2015. Nominations In: International Press Academy. Retrieved December 6, 2015.
  32. ^ Critics' Choice Movie Awards. Nominations for the 21st Annual Critic 'Choice Awards In: criticschoice.com. Retrieved December 6, 2015.
  33. ↑ The Critics' Choice Movie Awards are bestowed annually by the Broadcast Film Critics Association to honor the finest in cinematic achievement In: criticschoice.com. Retrieved February 1, 2016.
  34. ↑ Matthew Jacobs: 2016 Golden Globe Nominations Highlight 'Carol' And 'The Big Short' In: The Huffington Post , December 10, 2015.
  35. ↑ 2016 Golden Globe Awards In: goldenglobes.com, December 31, 2015, accessed on January 1, 2016 (PDF; 27 kB).
  36. ↑ 2016 Producers Guild Awards Nominees In: producersguild.org, January 5, 2016.
  37. ↑ Eddie Nominees: Nominees for 66th Annual ACE Eddie Awards In: americancinemaeditors.org. Retrieved January 6, 2016.
  38. ↑ Nominees ( Memento of the original from March 4, 2016 in the Internet Archive ) Info: The @1@ 2Template: Webachiv / IABot / aacta.org archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. In: aacta.org. Retrieved January 9, 2016.
  39. ↑ Daniel Krupa: The 2016 BAFTA Nominations have been announced In: January 8, 2016.
  40. ↑ Ethan Sacks: Oscars 2016 nominations: See the full list of Academy Award nominees In: nydailynews.com, January 14, 2016.
  41. ↑ Carolyn Menyes: MTV Movie Awards 2016 Nominees: 'Straight Outta Compton', 'Pitch Perfect 2' Get Musical Nods. MTV Movie Awards 2016 Nominees In: musictimes.com, March 8, 2016.
  42. ↑ The Big Short Soundtrack List Movie (2015) In: songonlyrics.net. Retrieved January 12, 2016.
  43. ↑ a b German synchronous index , accessed on July 6, 2016.