Brad Pitt walks red carpet for 'The Big Short'
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E-mail CRI, November 25, 2015
Brad Pitt, Ryan Gosling, and Steve Carell walked the red carpet Monday night in New York for the premiere of "The Big Short."
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Poster of "The Big Short" [Photo: mtime.com] |
They portray financial industry outsiders that had predicted the ills of the subprime lending policies that led to the housing bubble collapse in 2008.
Based on a true story, they tried to warn the financial institutions of the impending problem, and when the big companies failed to listen, took advantage of the situation making over one hundred million dollars.
Pitt says the book's author helped him grasp the situation.
"For me, Michael Lewis' book was the first thing that helped really find the rabbit hole and understand what happened during this horrible time when so many people lost their homes and were put out on the street - you remember the images. And the fact that senior official was held accountable is astonishing to me. This story really helps break that down in a way that's palatable and you can understand it and really what to look for so it doesn't happen again because nothing has changed and people should know that."
The movie is based on the book, "The Big Short: Inside the Doomsday Machine" by Michael Lewis.
The term "short" refers to a speculative type of investing that takes a chance that overvalued stocks will lose their value. When the stock price drops, the difference in purchase and selling price will go to the investor.
"The Big Short" is set to open on December 23rd.
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