The Big Short: Pitt, Bale, Carrell do the subprime crisis

Cad_sl said:

Houses are generally worth more now than they were before the crash. So...

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In some markets, and of course you can expect them to raise in value to a certain extent.... 7 years later, due to inflation, etc. You're not arguing that the market was severely over-inflated before the crash are you?

EDIT: Actually I'm not sure what the point you were making was in reference to.

Hrmmm, seems like very few people were talking about that before this movie released. And most of the ones who were, spoke of it favorably. It's hard to understand exactly what the banks are selling and who they are selling it to there. Is this something investment banks are engaging in with each other, like the sale of subprime loans from one institution to another without any oversight, or is this something banks are selling directly to consumers like you and I? Or both?

The subprime primer

I always thought that slideshow was the best explanation of the crisis I saw up until the movie. Both are very effective.

Father was at CES this week and was explaining to me that a client picked out a restaurant to eat at and he said it was a very expensive Japanese place. It was Nobu. I laughed inside, a lot.

khorum_sl said:

On defaults yeah. They can pursue garnishment and liens. I think some states prohibit them now tho.

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Garnishment on federal debt authorized by federal law supersedes state law forbidding garnishment of wages. ED will put liens on property if they sue you through DoJ.

khorum_sl said:

Is this where we compare lawdicks?

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No bro, them's just the facts.

Even Wikipedia is on my side:

Garnishment - Wikipedia, the free encyclopedia

At present four U.S. states-Pennsylvania, North Carolina, South Carolina, and Texas-do not allow wage garnishment at all except for tax-related debt, child support, federally guaranteed student loans, and court-ordered fines or restitution.

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I approve. My vocabulary has expanded.

Think he has a big lawdick or is he just compensating?

Compensating, but with great dignity. The bit with the hungry hungry hippos was lawsome. Respect. Cad wishes he was on the Law Hawk's level.

Palum_sl said:

Think he has a big lawdick or is he just compensating?

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So god damn funny thanks.