The 'The Big Short' is based on the real - world events of the 2008 financial crisis. It's about a group of investors who saw the impending collapse of the housing market. They noticed the flaws in the mortgage - backed securities system. These investors bet against the market, which was an extremely risky move at that time. Their actions were considered short - selling, and they were among the few who predicted the huge financial meltdown that occurred in 2008.
Well, the real story of 'The Big Short' involves several key elements. For starters, the housing market in the early 2000s seemed to be booming, but there were underlying problems. Banks were giving out mortgages to people who couldn't really afford them. The investors in the story realized this. They dug deeper into the complex financial instruments like CDOs (Collateralized Debt Obligations). They saw that these were built on shaky foundations. Michael Burry was one of the main figures. He was an outsider in many ways, but his analysis led him to bet against the housing market, and ultimately he was proven right when the market crashed and the financial crisis ensued.
The real story of the housing crisis in 'The Big Short' is quite complex. There was a widespread belief that housing prices would never fall. So, mortgage lenders became very aggressive in their lending. They offered adjustable - rate mortgages to borrowers with little regard for their ability to pay when the rates adjusted. Meanwhile, investment banks packaged these risky mortgages into collateralized debt obligations (CDOs). Credit rating agencies, which were supposed to assess the risk accurately, failed miserably. They gave high - ratings to these CDOs, which made them seem like safe investments. Hedge funds like those in 'The Big Short' started to notice the flaws in this system and bet against the housing market. Eventually, as the housing market crashed, it became clear how all these factors had contributed to the massive housing crisis.
I'm not entirely sure specifically which 'big cigar' story you are referring to. It could be a nickname for someone, or it might be related to a particular event or item in a specific context.
The 'Big Shaker Mansion' real story might involve its construction by a wealthy family in the past. Maybe they had some unique traditions or secrets. There could have been events like big parties that led to various tales over time. It could also be associated with some historical events in the area, which might have influenced its reputation and the stories that surround it.
The 'Big Eyes' paintings are often associated with Margaret Keane. Her story is quite remarkable. She was the one who created these iconic paintings with the big - eyed children. However, for a long time, her then - husband took credit for her work. Eventually, she had to fight to prove that she was the true artist behind those big eyes. It was a story of a woman's struggle in a male - dominated art world.
Well, the big eyes paintings were made by Margaret Keane. The story goes that she painted these amazing works with the big - eyed subjects. But Walter Keane, her husband at the time, fraudulently took the credit. He capitalized on the popularity of the paintings, while Margaret was silenced. This situation lasted for a long time until Margaret finally decided to take legal action. In court, she demonstrated her ability to paint in the distinctive style of the big eyes paintings, and she was vindicated, and her true story as the creator was finally recognized.
I'm not sure. Maybe it's just a figure of speech and not based on a true event.
'The Big Short: The Real Story' is a tale of financial foresight and the chaos that ensued. It delves into the world of subprime mortgages and how they were bundled into securities. The main characters in the story were not the typical Wall Street bigwigs. Instead, they were mavericks who questioned the rosy picture of the housing market. They noticed that borrowers with poor credit were being given mortgages too easily. This was creating a bubble in the housing market. As these mortgages were packaged and sold as securities, the value of these securities was inflated. The protagonists of the story, through their own investigations, discovered this mispricing. They then took positions to short these securities. When the housing market finally imploded, they made huge profits while the rest of the financial world was in shambles. It's a story that shows how complex and sometimes corrupt the financial system can be.
It's about the financial crisis. It focuses on those who bet against the housing market before the 2008 crash. They saw the flaws in the mortgage - backed securities and made huge profits when the market collapsed.
The real story in 'The Big Short' book is quite fascinating. It's about a group of misfits in the financial industry. They were not the typical Wall Street bankers. Instead, they were independent thinkers. They noticed that the housing market was built on shaky foundations. Mortgages were being given to people who couldn't afford them, and these mortgages were then packaged into securities. The book follows how these individuals, through their research and intuition, decided to short these mortgage - backed securities. Their actions were like a canary in the coal mine, warning of the impending financial disaster. And when the housing market finally collapsed, their bets paid off, but it also led to a global financial crisis that affected millions of people.
The movie 'Sierra Burgess is a Big Loser' is about a girl named Sierra who faces insecurities and high school drama. In the real story, it likely draws on the common experiences of teenagers dealing with self - image, bullying, and the struggle to fit in. Sierra's character represents those who may not conform to the typical 'popular' mold but have their own worth and charm.