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Hello and welcome back to the podcast I'm Michael I'm Noe we are the Knights of

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Entertainment a podcast covering your favorite and unknown movies games comic books anime

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and more weekly we appreciate you being here and hope you enjoy the show this is what we

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are covering tonight I'm covering the 19th now then you know sometimes you just fuck

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up I'm covering the 2015 movie the big short but before we do like share and subscribe to

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the channel you can enjoy the show on YouTube Spotify rumble Odyssey and more we also have

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membership tiers on those platforms if you'd like to support the channel or you can check out

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buymeacoffee.com forward slash koe podcast alright so the big short is basically well it's based on

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a true story which when a movie is based on a true story it's almost always completely

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read dramatized to fit the narrative of the story because real life isn't story-esque you know like

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if you're if you're in real life you're like you tell someone a real-life story when you're

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telling them history and history does not fit a story of a book format it'd be like another

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alligator jump to the window you're like what what do you mean what the fuck are you talking

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about but you believe it because it happens and it has a story that happened the Florida man and

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the fucking Florida man stories are wild as fuck and okay so it's the 2015 movie the big short

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about the 2007 housing market crash just what you've seen it have you seen the big short fucking

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fabulous movie like I watched that shit to be fair it's been a long time but yeah it was it was like

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1155 at night right I'm like should I go to bed or should I make bad choices so I went on Netflix

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let's watch a movie bad choices yeah let me stay up to 4 a.m. and fucking crash tomorrow morning so

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I wasn't expecting it to just like hit as hard as it did but this movie is if you if you're trying

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to make a screenplay this is the type of movie you watch because there is no fat on this movie

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every scene it gets to the point and it moves on there's no lingering there's no overexposition

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there's no fancy dialogue it is it's to the point you move forward to the point move forward that's

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any scene you have to start at the end think about what your goal is in that scene and move

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to the next scene don't I was watching an episode of the walking dead and that shit just kept fucking

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dragging and drag I love the walking dead but some of those things just fucking drag and fucking

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drag and I'm just like my god they just drag I'm watching Shane lick Laurie's belly button and I'm

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like it's just taking too long so if you watch this movie if you get to the point move on so

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basically it follows three groups of people it follows well I should tell you who the first of

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all it's it's based on a book the big short by Michael Lewis which I ordered because I got to

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read it now it was a dollar a dollar and like fucking six dollars tax so a seven dollar it's

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like a six dollar shipping and handling that's how they do it like oh this books only a dollar

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fifty seven dollars shipping handling like god dang so Michael Lewis wrote it it's a journalist

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so it's a it's a true story just not the the fictionalized version in the movie right the

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screenplay was by Charles Randolph and Adam McKay who also directed it Adam McKay also

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directed the movie I'm trying to memorize screenwriters now for movies so you know if

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I want to write my own screenplay if I actually reach the ones that I actually like oh he makes

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good movies oh he writes good movies you know I mean all right so it is what so it follows who's

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starring it so the star is Christian Bale it's an ensemble so it's Christian Bale Steve Carroll

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Ryan Gosling and Brad Pitt and each of them are in their own separate groups so we start with

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Scion Capital it's the the the actor that come off fucked all over the place I'm so tired so

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it's so silent capital played by the characters Michael Burry played by Christian Bale and he

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runs silent capital this hedge fund he's a hedge fund manager he runs his money for these people

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and he I guess picks what places to send the money to invest for them and generate more money

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for him so he's like he somehow for some reason he figures out that the housing market is about

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to fucking collapse when they defaulted oh seven so he's like he has this fucking grand plan to

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short the housing market and everyone everyone says that it's the most stable thing out there

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like they're lying their tagline is who's not gonna pay their mortgage so that is the fucking

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that's what they believe every all these banks all these all the lame people everybody so what

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everyone believes the the housing market is fucking impenetrable I say I remember that too yeah

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remember what they were saying on they're like not just a movie but if that happened in real life

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oh yeah I remember that so they're like it's fucking infallible and so he's like wait a minute

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because he's like he's like he's one of those like super socially awkward like geniuses with

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math so he's like putting numbers together in his head and he figures out that if he takes out these

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loans and so he creates a credit default swap market allowing him to bet against or short

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market-based mortgage-backed securities for profit and so he just goes to all these banks so basically

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what he was doing is how I there's a couple of these big companies like with GameStop where they

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were trying to short GameStop saying that it's worth less like where is that why that's controversy

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popped up yeah no they didn't have to do with that specifically right that was the same idea they

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were trying to short GameStop because all these investors thought that okay if we take out a loan

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and give everybody this amount of money we're gonna make money whenever they lose a bunch of

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money right and then all these people came in with Wall Street bets and stuff like that that's

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a couple years wasn't it yeah a couple years ago yeah was it last year it's very recent yes very

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I can't remember the news people are losing their shit yeah cuz I sold off right before all that

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happened which looked oh yeah you told me you were like the stock but Wall Street bets came in and

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that's where the diamond hands meme came from because people that bought it it's like no no

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just buy more because then it raises the price back right and then all those people that in those

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companies that were like I think there was a BlackRock and a few of the others they came in

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trying to make money and they ended up losing a fuck ton of money because they couldn't pay

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back everything that they had bet against that's fucking why that's why you don't bet against

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companies like because they will they will figure out a way to fuck you over well it was like the the

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type of thing where aside from this people actually had a recourse to come back it's like fuck the

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big banks now yeah we'll beat them at their own game they were wrong weren't they no they won the

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companies or the people know the people did for the most part against GameStop against the companies

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that were betting against GameStop good for them so they like there's people that became billion

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close to billionaires from it damn yeah all right so Michael Murray Michael Burrell was

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by just I'm gonna say there are actual characters as a fucking Christian Bale goofy as fuck Christian

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Bale in this movie before Batman yeah or 2015 maybe after that's after Batman yeah so his long-term

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bet exceeds 1 billion dollars of his investors money and they fucking flip out on him like that's

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all their money the guy that got him started basically Lawrence Fields is like have you lost

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your fucking mind you can't bet against the banks who did he was in a line who's gonna not pay their

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mortgage and so Christian Bale practically has to put a something a cease on withdrawals of their

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money because he has to keep paying the the premiums on the all these loans for because he'd figure

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it out in like oh so 506 so he would have to keep paying these loans out until the default in in

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07 he was doing a long-term bet so but he needed their money to keep it going to keep paying because

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if you couldn't pay the Brabians I guess he defaults himself so he's like he pretty much

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scared and everyone they're all suing the shit out of him everybody invested with this fucking

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hedge fund is just losing their shit on him and so that's it that's pretty much what he's going

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through with the whole movie so then Ryan Gosling is listening to a so this guy walks up to this one

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banker is sitting down having drinks so he just closed the deal with Christian Bale's character

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because he was he worked at the bank there and this other guy talks to him and he's like you

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know you won't believe what this guy just did he's gonna short the bet of the housing market

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said what who doesn't pay their mortgage that line every fucking all over this fucking baby I swear

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because it's true people think that yes so then this guy goes up to the bar and Ryan Gosling like

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what the fuck he's so happy about and they go you hear you this he's talking about this guy that

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he's he just added he just bought these he pretty much invented Christian Bale's character pretty

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much invented the credit default swap because they didn't exist at the time I guess is what they were

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saying so it's a Ryan Gosling gets like like this to fucking flashlight in his eyes like like money

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signs I wait a minute what so he finds out about it and he starts offering different people different

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like hedge funds investment firms everybody credit swap to short the banking market or the the housing

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market and nobody nobody bites except for Stephen Carroll Steve Carroll and his team they let's see

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they so yeah because so Ryan Gosling runs Deutsche Bank or he doesn't run it but he's a member he's

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a banker in the bank and he's trying to sell he's right do the same thing for other people and he

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ends up meeting I should have probably prepared more so he ends up meeting Steve Carroll who has

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his own little team and they got like maybe 50 million or something they have a lot of money too

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but not enough to the level of Christian Bale and at first they don't want to they don't believe

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him right because Steve Carroll is like there's one of those here's how they describe Steve

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Carroll's character basically he when he was a kid he really read the Quran like he read it deeply

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and it turned out he read it because he was looking for a mistake in God's Word he's the type of

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person that reads the fine print within the fine print so he didn't believe when Ryan Gosling was

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telling him that if this was gonna happen at the the housing market was gonna default in 07 and

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all of the shit was gonna collapse so he did some research he went to Florida him and his team went

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to Florida he they they went to a convention they went to a they went to a strip club and

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Steve Carroll was talking to this woman and she was she was you can see her titties and everything

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but at that moment you're like you're so invested in the movie you don't even think about it you

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know you don't think about it wow and believe me when I deeply invest in something else everything

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else is like a tunnel vision and she's saying that all he's telling her like all this is happening

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to like you know in 07 when you're the all these mortgages default you're you're fucked right and

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she's like on all my loans he's like how many loans you have like I got five houses he's like

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so that strippers fucked and so Steve Carroll finally realized that this is true that this is

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what's gonna happen so he he tells his second command like basically to all right buy those

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shares from Ryan Gosling by the way Ryan Gosling he's the character he's the one in the whole movie

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like every time you see him on screen he takes the whole fucking scene he's just that guy he's so

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fucking funny and I know that character wasn't as funny until he got there I can already tell he

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added some of the health some of his own shit so the guy calls him the the second command calls

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Ryan Gosling and he's just as skeptical Steve so he asked him one question like is this legit like

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what do you get out of this and Ryan Gosling is like all right let me be real honest with you this

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is a hundred percent legit the fucking market's gonna crash in 07 that's gonna happen you guys

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gonna make a bottle of a lot of money but when you do I'll be coming for my stake of that money

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basically he's betting on them to make money so he can get money back he makes like 47 million

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like they even showed a check with 47 million on it he's like he even talks right to the camera

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he talks directly to the camera yeah I you know he's like I'm not the bad guy here I just got

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coming out to make some money but he's over here just wiping his check 40 said I don't know if

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you can even write a check for 47 million dollars so weird shit I've ever seen but there's a lot of

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fourth wall breaks that he told Ryan Gosling talks to you it's fucking hilarious all right so that's

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their team they're doing their thing so then these two guys named Charlie Geller and Jamie

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Schepplin they run a very small firm called Brownfield Capital and by the way all these are

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fictional characters that they had the base of a real people from the book basically so they run

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a small firm out of their garage and they started with 110 grand that they generated into 30 million

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dollars so they're like they're legit too like but they're still small time they're trying to get an

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is the qualification to be able to do higher loans or whatever higher but I'm not a banker I have

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no idea what the fuck they're talking about I'm just so embarrassed I was hard as fuck watching

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this you just ride the random shit that interests me the most kind of the only kind of movie that

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you've watched about finances works like I fucking like yeah like I'm just like man tell me more I

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don't know what's going on but I'm invested and so they they're at they're at this fucking a bank

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trying to get that is the loan or that is the qualification and they fail because they get they

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need like a minimum like trillion in like assets or some shit they only have 30 million so they're

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like fuck and then they find one of I guess Ryan Gosling's like charts for the the credit swap

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short and they're like look they find it on the table because they're out there in the lobby they

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they didn't even get to go to the office to talk to the people they didn't have to they they seen

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some guy in the lobby to tell him fuck off in the nicest way possible and right here at this moment

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the the scene stops and Ryan Gosling says like okay they didn't actually find this paper laying

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and that's not how it happened in real life but for the movie that's how it happened but they

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didn't just find a piece of paper and then it completely changed their their trajectory of what

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they're gonna do that's the first time I've seen someone actually like actually legit say this is

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a story element not real life yeah I was like oh and finally all the bullshit don't don't sell

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me bullshit expect me to eat it like a cereal yeah so that for the story plot they found that piece

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of paper or that like that portfolio it's like a presentation and they basically it was a backroom

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deal they can't say that in the movie yeah something like that and so they take it back and they're

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like whoa this is like like they're running the numbers too and one of the character one of the guys

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I don't know if it's I'm gonna just say it's Charlie Geller or Jack one of them is friends

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he's neighbors with Brad Pitt who his character used to be a legit Wall Street banker like the

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cutthroat leaving dead bodies all over Wall Street type of banker yeah but he got so disenfranchised

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disillusioned that he just he did away with like I can't this is this is the most immoral fucking

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thing ever and he left like he's rich as fuck he's a he's a genius the banker you know he's got a

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super credentials so they go to him because he's got more you know credibility than they do because

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they're young upstarts and they're like Brad Pitt will you help us he's like I will help you on this

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journey so he's like he's so low-key that you don't even realize is Brad Pitt cuz he's got a beard

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he's got his hairs like he's a but it's a Brad Pitt yeah so they buy shares so now now fucking

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Steve Carroll's group with Ryan Gosling Christian Bale Batman and these these two upstarts with

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Brad Pitt they all have they're like the only three people groups in the entire world or America

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that had that knows that the fucking bad housing market gonna crash at 07 and they're trying to

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get the the credit swap thing to fucking take a profit right so there that's pretty much the

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that's the whole movie now toward the end of acts to Steve Carroll the Brad Pitt group they

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realize when they because they go to a conference of bankers and like housing market all this like

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you know like like this really weird ass bad conference I guess everything has a conference

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so like housing market real estate whatever has a conference they go to Las Vegas and they're

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talking to various people and they're like they're trying to figure out whether they're evil because

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they're basically taking sub par loans and they're bundling did bundle it like you're taking C loans

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subprime mortgages was the big thing that's that's the subprime that's what they're doing they're

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taking really shitty loans putting them together and saying they're triple a level and they were

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giving them to people that could not pay them back in any way exactly they were giving it to fucking

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everybody and they were like just fucking just writing checkbooks out it seemed like it's exactly

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what happened and then they realized that right and then Steve Carroll realizes something really

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bad he realized wait this is gonna this is gonna crash the economy and he just like they he realizes

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that Brad Pitt realized that a while ago but he didn't say anything because the two guys were

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dancing because they all do they had just got more shares yeah they were able to get double a loan

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shares to bet against right and like don't dance you know what this means you know what happens after

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every time 1% of unemployment rises like 40 40,000 people die I'm like God Brad Pitt what are you

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talking about just don't dance he was so like calm about it but he was upset with them like

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don't just don't celebrate don't celebrate the money that you're getting right now yeah because

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like you're gonna crush a lot of people's lives I guess it's not really their fault they're just

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betting against the market maybe they won I mean it's not like it's like if I if you're a false

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betting like you say if this guy the surgery is gonna die or not but it's more of the the morality

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of it yeah like you're profiting off like extreme profiting yeah they were man and then that is when

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it's funny cuz at first they were all losing because they were the banks were lying like they

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were they defaulted and those loans were unpayable and but they weren't saying they wasn't showing on

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the the actual face value so the banks were lying their asses off at first until they couldn't yeah

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and when they fucking crashed so when they crashed a brand-filled capital those two guys they made

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84 million dollars out of the 30 that they invested so they made a small firm they made a nice chunk

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of change for themselves it's funny because they asked Brad Pitt because he did most of the heavy

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legwork he's like Brad I know you how you feel about the banks and how you do you think it's

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immortal and you never wanted to be back in that world but why do you help us when we asked and

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Brad Pitt just looked at you just like he's just like well you guys want to get rich huh that's

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basically that's his answer you guys wanted to get rich so he helped him get rich yeah I mean

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84 million dollars split between them and their investors probably nice chunk of change for him

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yeah so Steve Carroll they invest like 50 million then they put like a hundred thousand a hundred

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million shares I can't remember but their shit came out to like a trillion dollars Steve Carroll's

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character made like 400 million dollars like he was set for life but he was so fucking devastated

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morally because of like from what they said at the end of the the movie it's like eight million

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people lost their jobs and like six million people lost their homes yeah I'm like god dang I don't

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remember that at all I was too young it was bad yeah I heard from that was when we were around when

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we were in high school it must have I guess my parents did well because we didn't lose our house

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thank God for that but yeah like from one from going back and seeing it now in retrospect it

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was fucking horrendous very very bad that's also around the same time that the car the industry

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like the car industry the automobile industry when they had to be helped whenever Obama became

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president of the bailouts yeah that's all part of it yeah they got bailed out the bank which I

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think they should have been everybody got fucking bailed out yeah they shouldn't have been they had

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to be no they didn't because all the people had their fucking 401ks and pensions they never got

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anything back anyway so they still lost yeah well fuck people lost their 401ks completely bitch

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that's why I said bailing the banks out didn't do anything whenever it becomes whenever a company

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becomes too big to fail it's too big of a company damn because if it's something that oh we can't

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let it fail because it you know it does this it does that shit you let it get too big then

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imagine if Walmart fucking crashed but you still have targets of Amazon fuck Target you got dollar

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tree dollar store and daughters all you got so alright so out of the big ones Christian

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Bales character he invested a trillion dollars that motherfucker made him back 2.9 trillion 2.9

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trillion dollars the guy Lawrence Lawrence feels the guy that was fucking about to have his head

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down where I want my money back I want my money but he went to he went to his firm sat down like

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I want my money back what he said he said Michael I want my money back he was so mad at him and he

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made he made him personally four hundred eighty nine million dollars back he's like oh by the way

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you're welcome and then then Christian Bell walked off into the sunset he fucking quit they all they

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all lost their they all lost their fucking minds yeah like they were they were it's so weird seeing

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people in the middle of something that they know is happening that no one else is even privy to and

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it's like it's like it makes you feel like you're in that moment too is what made the movie so good I

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felt like I was with them right so maybe I get this money but but if we do we're gonna fuck it

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the whole morality of it all yeah but I'm like I'm still rich I still got I still gotta have a

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house why can't I be rich you know what the real crazy part is the person that was the main part

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I think it may have been the Christian Bale character the real guy is actually shorting the

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US get bonds right now he's still at it yeah thought he was working only on water so what I

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said at the end of the movie no at that time maybe but now he's yeah he's shorting the government

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basically in the bond system oh no what the fuck does he know now that we don't exactly like he

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thinks apparently that the US government and overall the US economy is gonna collapse son of

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a bitch he's by right yeah I've seen that recently within the last five months that motherfucker yeah

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fuck us again I think he said he has a 40 billion stake against the when the fuck did he get 40

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billion dollars Russia you son of a bitch it's a good movie man it's crazy I didn't I didn't

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explain it too well but uh you get the gist of it you can go watch it yeah and knowing coming out

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of high school and everything how expensive houses were at that time and they sure haven't

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got any less expensive no but that's another thing with a lot of the people that have been

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buying real estate and stuff like that during the pandemic stuff even where it's like oh well we'll

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buy it we'll turn around and try to resell it for like five times the amount and stuff the problem

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with that though is is that the markets already starting to go down so luckily I got a house yeah

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I mean not this house mine this is my parents house but my parents got me a house it's a real

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shit huh I got a rebuilding my grandpa lives in right now but I'm just saying like the people that

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were trying to take advantage of that whole housing market ballooning basically it's it's on its way

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to collapse at the moment yeah that's the dumbest line that a bank could ever say oh by the way

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there was three like they wanted to have these like moments where they explained something like

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high-level economic concepts with actors that were like popular I mean they're still really

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popular at the top right now like Selena Gomez was talking about something with blackjack as a as a

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correlation or a what's the word like a mirror a parallel to the the the economy story she's trying

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to tell I don't remember what the fuck she was talking she was basically she was betting that

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she was gonna win the blackjack that's what it was she was betting that she was gonna win the

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blackjack hand and then someone behind it was betting her a betting that she was gonna win

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against someone else like I'll take that bet and someone was betting that the bet that they they

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bet for Selena Gomez was also gonna win so that a person took a bet against that person so when

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Selena failed that person failed and then the person behind them failed too it was basically the con I'm

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still confused on the concept and that's the way a lot of the banks to do too where they assume that

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what since they're gonna do good I'm gonna do good and then when they fail they fail and they fail

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and they fail and then they had Anthony Bourdain he was using he was trying to teach me subprime

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loans and it's he was a perfect teacher by the way he was like all right say I say I'm getting

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my menu for the weekend right and I buy a bunch of halibut because I think that's what I'm gonna

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that's gonna be the big seller for the weekend but then maybe during the weekend an article comes

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out saying the halibut is just as smart as dolphins or that they're they're connected to

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cancer growth so I don't sell as much halibut that weekend as I thought so now I got a bunch of

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leftover halibut so what I do do I throw it out or do I figure something else with that well you

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know I can't throw it out so what I do is I chop it up and I throw it into a stew and Monday morning

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you got yourself some fish stew three with three day old halibut that's how you were saying like

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instead of letting the loans throw throw them out they can combine them into those subprime loans

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and then they just sell them as like triple-a those dirty motherfuckers triple-a loans because

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whenever they're doing those subprime mortgages and stuff like that they would do it for people

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that could they knew they could not afford them and repay them but then they would repackage them

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and then sell them to a bigger company they're so fucking good yeah and then why do you think so

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many people went into default and foreclosure and stuff like that that's why six million people

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lost their homes I think this is probably the most intellectual conversation that we've had on this

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fuck about economy and we're very smart we just don't we just pretend we're dumb as fuck I can't

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articulate well what I want to say but my thoughts are profound the day the day I can right I might

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have people jizzing in their pants like God he's so funny I just met that they're not used to this

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from anything that I've covered so we can do it all people oh yeah so the third one was Margaret

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Robbie she was in a bubble bath and she was like I don't know I don't know what she's talking about

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I'm sorry but I remember anything she said I was trying to see if a titty will pop out you didn't

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get that lucky though did you no she was drinking champagne she was saying something in her Australian

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accent which is much better than her English accent yeah she's Australian but she's got to use

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an English for certain movies and I was like I don't remember what the fuck she was talking

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about there was something about banking I don't know what I remember Anthony Bourdain I remember

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Selena Gomez I don't remember market Robbie they titillated her too much to the point that it

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blinded you yeah yes I know what I'm saying try to use play on words you had it like like punching

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a boxing bag or something or you know just jogging or or just sitting in an office like a like a

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teacher but they had her in a fucking bubble bath they knew what they were doing they knew what they

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were doing but they they completely they missed the point because I don't know what the fuck they

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that was the point of it no wasn't they were trying to tell me something economic no they

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wanted you to your focus to change I think had to do with something to the champagne too like it

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was refilling like fuck what the fuck was she talking about Margot Robbie call me and let me

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know let me know what you were talking about let's have a personal one-on-one conversation

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she don't remember what it was either don't worry oh she's very smart she remembers she remembers

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she remembers the line she'll just repeat them yeah basically just send me a bubble bath scene

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a remake of the bubble bath just tell me what happened oh man it's crazy man what happens in

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the world that we don't know about oh yeah and you only know about it years after years after

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the fucking calamity happened mm-hmm well that's it for today nothing else to add um if you watch

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it you watch out for Ryan Godley that man is he's jacked to the tits to the tits right now if you

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get to that scene you know what I mean all right well I guess we will see you guys on the next one

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more movies I might do the other Hanzo trilogy