“I mean for instance, one of the hallmarks of mania is the rapid rise in complexity and the rates of fraud…” – Michael Burry
What’s the initial setup for your most basic horror film? An ordinary world, the world as a given, everything fine, normal and we as a viewer still have our nerves. Everything is as it should be. There may of course be a hero, a protagonist with which we will side, usually we shall take the side of those who we feel are more morally just. Then something goes wrong, a disturbing force, something mystical, strange, violent and absurd shall overthrow the narrative, we are given a clear warning of this, some eerie tone or a sense of unease and foreboding is given. The problem is usually solved, or fixed, the villain or sense of unease is killed/ended and those who’ve survived go on with their lives.
In this case The Big Short begins entirely in the ordinary world, we are told of Lewis Ranieri the father of mortgage-backed securities in the 70’s, we don’t know who he is, but he changed our lives, which already pushes a sense of unease, someone changed all our lives and we never knew, this is nothing unique of course, except it comes apparent later on as to why it’s a malicious global economic change. The ordinary world is short lived, we are given images from the 2008 housing crisis, people being evicted from their homes, poverty, strife, anger, worry and fear all crammed into roughly 2 minutes of news real footage. There isn’t necessarily a singular hero in this case, prior to beginning the film the audience understands that it’s about the 08’s housing crisis, so, who does one support? Who are we backing here? Who’s out hero? Potentially you could argue our ‘hero’ of sorts is the likes of Michael Burry who foresees the crisis, however, much like the rest of the films ensemble he merely uses his knowledge to profit from the crisis. Not that he, or any of the other protagonists could have done anything about it of course, to step in the way of big business is to commit career suicide, so you take what you can and leave, I guess. Perhaps the future economy is our hero? What we want to survive in an underlying sense of security in those who hold our money and safety, though the film’s general premise doesn’t bode well for this idea i.e. This has happened twice now, within a 70 year time frame. So, what kind of horror is this? A bureacratical one, constantly fluctuating with a sense of kafkaesque frustration.
“Wall Street loves to use confusing terms to make you think only they can do what they do.”
Of course, this is nothing new. Look at any system in which there’s something at stake which those who know don’t want spoiled, or to have the wealth spread out amongst even more people: Bitcoin, stock markets, morgages, taxes, forex, etc. these systems are made implicitly to push people away. So already the viewer is given a new world in which the narrative is to make transparent was has for so long seemed like complete gibberish, techo-jargon explained to the layman, so we can see it for what it is, simple exploitation. We are given a world in which we’re the fish, yet the problem being, the time has passed, 2008 has passed, so we are just relieving the intricacies and underlying structure of a collective nightmare.
“You have no idea the crap people are pulling and the average person just walks around like they’re in a goddamn Enya video. They’re all getting screwed…Credit cards, pay day lenders, car financing, fees, fees, and more fees. And what do they care about? The ball game or which actress went into rehab?” – Mark Baum
As witty and humourous as Baum’s statement is, it’s true, it’s always been true and will forever be true, as long as we stay within the capitalist realist state we are currently within. The interesting feeling the film emanates here is that of nausea, an uncanny situation in which the horror is unfolding from both sides inwards, there’s no hero to save us, any possibility of salvation has been buried in time under stacks and stacks of paper work, maybe not, that could just be conjecture. However, the viewer now understands they are in there’s no out as this has happened, so they are just to sit and watch the horror unfold, slowly watch as the scaffolding is poked and prodded until collapse.
“Who bets against housing?”
That’s the problem, complete in 4 words. Who, as in, it will never fail because everyone knows it wont. Bets, it’s a dumb gamble. Against, it’s secure. Housing, it’s housing, it’s always fine, I mean it’s housing for christ’s sake: we live in them. Everyone does it so no one questions it, The Big Short tells the story of when the mad man on the street is finally vindicated, those shouting “The End (of the economy) is Nigh!” of course no one listens, and no one will care afterwards becuase they’re too busy trying to find a new home or work out what the hell happened. Most horror movies at this point either have a clear villain win or loss: the villain either kills the victims or vice versa, that doesn’t happen here, everyone is left to deal with the remains, as if a big economic villain came in ravaged 99% of the parties involved and left without any damage to itself because it never existed in the first place. The viewer, left empty, just continues on, I don’t know how to finish this because the movie itself can only leave you with a distinct sense of dread that the walls that surround you aren’t financially secure, nothing is, it could all crumble…well, we already knew this though didn’t we.
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