Wednesday, January 06, 2016
Refuting The Big Short
Hollywood's bad habit of "true story" films that are false continues with The Big Short, pushing the myth of Wall Street causing the mortgage crash of 2008 when the fact is government meddling is what created it. Moreover, the myth pushed in the film is the housing crash precipitated the recent downturn in the economy - lost is that the Fed unwisely worked to prevent inflation and ignored market expectations. And making it all worse is the film won Academy Awards it doesn't deserve.