American Elephants

reThink: “The Big Short” and the 2008 Financial Crisis by The Elephant's Child

“The arrival of “The Big Short” in movie theaters a few weeks ago and its subsequent nomination at the 88th Academy Awards has reignited interest in the causes of the 2008 financial crisis. The film would have you believe that private greed on Wall Street and a lack of regulation caused the economic crash. ” While stories like this might make for a fun movie, any story that blames “a lack of regulation” in the Obama era clearly does not align with the facts. Surely you don’t believe a movie made in Lefty Hollywood would correctly deal with real economics!

See Peter Wallison’s book “Hidden in Plain Site: What Really Caused the World’s Worst Financial Crisis and Why It Could Happen Again”

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