Posts Tagged ‘John Magaro’

THE BIG SHORT: 4 ½ STARS. “funny, smart & maddening financial movie.”

“The Big Short” is an infuriating movie. Not because it’s poorly made but because it is so well made. It takes years of banking bafflegab and distils it down to the essence in what may be the funniest, smartest and most maddening look at why America’s housing market crashed in 2008.

The films opens with a famous Mark Twain quote, “I’t ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” The quote is a bit of a Mobius strip but so is the story “The Big Short” is trying to tell.

Based on Michael Lewis‘ nonfiction best-seller of the same name, the film presents a cavalcade of facts and information formed into a story about how four investment-bankers—played by Christian Bale, Steve Carell, Finn Wittrock, John Magaro—saw the financial meltdown coming when no one else did. Taking on the arrogance of Wall Street’s old boy network, they bet against the American economy and, in the process, expose an unprecedented level of financial criminality.

“The Big Short” is a lighthearted look at a dire situation. Call it a dramedy. Director Adam McKay is best known for making movies like “Anchorman 2: The Legend Continues,” “The Other Guys,” “Step Brothers,” so he knows how to milk a laugh out of a scene. He also knows that the level of understanding the viewer needs to get why the housing bubble burst is above the level of most MBAs.

The movie explains that Wall Street likes to use confusing terms to make you think only they can understand what they do. “It’s like 2+2 = fish,” says one banker, expressing disbelief at the financial manipulations used by the big banks. To make the financial mumbo-jumbo sexy the McKay uses a variety of tricks, including cutting to Margot Robbie in a bubble bath explaining subprime loans in plain language. It’s a spoonful of sugar to help the expositional medicine go down. From the simple—one loan officer calls his clients “Ninjas, no income, no job.”—to the incredibly complex world of CDOs (collateralized debt obligations) “The Big Short” doesn’t shy away from tackling complex financial transactions but it never feels dry or forced. McKay is a showman, and layers the film with fourth-wall-breaking celebrity cameos and concise social commentary woven into the drama.

A great scene of Goldman Sachs executives laughing at Dr. Michael Burry’s (Christian Bale) $100 million investment is cut into a rap video celebrating excess. In one wordless scene McKay illustrates the arrogance of the bankers in the days before the rug was pulled out from underneath them.

Subtle it’s not, but the director’s use of pop culture images and music to set the scene goes a long way to establish a time, place and tone.

“The Big Short” features strong performances—Bale stretches in ways we haven’t seen from him before—but it is the film’s unflinching depiction of unbridled greed that will resonate.

Metro Canada: The Big Short: Comedy lifts the curtain on Wall Street

Adam McKay is best known for directing broad comedies with Will Ferrell like Anchorman and Step Brothers. But his new film, The Big Short, is a different beast.

It’s the story of how four investment-bankers — played by Christian Bale, Steve Carell, Finn Wittrock and John Magaro — saw the devastating financial meltdown of 2007–10 coming when no one else did. It’s a lighthearted look at a dire situation. Call it a dramedy.

“When I read this book it did everything I wanted to see in a movie,” he says. “It was funny, it was tragic, and the characters were amazing. I think it was a case of running into one of the great books of the last 20 years that shows what is really going on in our modern world.”

McKay knows how to milk a laugh out of a scene but he also knows that the level of understanding the viewer needs to get why the housing bubble burst is above the level of most MBAs.

“It’s like 2 + 2 = fish,” says one banker, expressing disbelief at the financial manipulations used by the big banks. In the film he takes pains to explain how Wall Street likes to use confusing terms to make you think only they can understand what they do.

“We wanted to be the first Wall Street movie that took you behind the curtain, that really said, All these confusing terms you hear, all the ways the banks make you feel stupid or bored … it’s actually not that hard. If the guy who did Step Brothers can understand it you can too.

“We were trying to show that this thing that half of Wall Street doesn’t understand, these derivatives, mortgage backed securities, they’re actually pretty easy. They bundled a bunch of mortgages, they sold them, made a ton of money. Then they ran out of good mortgages so they put crappy mortgages in and coerced the ratings agencies to give them AAA. That’s it. That’s the whole story.”

McKay has an a-list cast but he didn’t want to make the movie all about the stars.

“It would have been very easy to just do this character story and just show these guys being affected by it but I wanted this thing to bridge a gap. I think there is too much stuff in our society where people just think, ‘Ahhh banking! It’s boring. Politics! Who cares?’ The truth is, this stuff is exciting, It’s the language of power. Once you get hooked on it, it gets addictive.”

The Big Short is a look at our recent past, but McKay warns this is not a historical drama or cautionary tale, rather it’s very much a going concern.

“All the effects of this collapse are still completely in play. All the same questions are still in play and they fixed a few things but they didn’t fix the main, weight bearing beam beams that caused this problem. So this is an active story right this second. That is one of the main reasons we made this movie, we want people to understand that. This isn’t over.”

CAROL: 4 ½ STARS. “timeless performances and a love story for the ages.”

“Carol,” a new film starring Cate Blanchett and Rooney Mara, is a love story but one painted in shades of loneliness and longing. It’s about love at first sight and how that love that may be too good to last.

1950s New York. Therese Belivet (Rooney Mara) is an aspiring twenty-something photographer making ends meet as a shop clerk at a big New York department store. The first time she meets Carol (Cate Blanchett) the older woman is a customer looking to buy a gift for her child. When Carol leaves her gloves behind Therese has them bundled up with the gift and sent to Carol’s home. In thanks Carol invites Therese for lunch. Over a martini, eggs and creamed spinach sparks fly and the two agree to meet again.

Love is in the air but at a terrible cost. Suspicious that his wife has taken up with a woman, Carol’s estranged husband Harge (Kyle Chandler) threatens to take their daughter and severely limit visitation. Carol must choose between her love for her child and her passion for Therese.

Based on a 1952 Patricia Highsmith novel titled “The Price of Salt,” “Carol” is a haunting romance, elegantly directed by Todd Haynes. Blanchett and Rooney subtly play out the story, making the most of gestures and tentative looks that in most movies wouldn’t register but here convey a richness of emotion. It’s about nuance not grand gestures.

Both Blanchett and Mara do much with limited dialogue. The real performances here are happening internally and their faces and eyes convey as much as any lines of dialogue could hope to.

“Carol” is first-class filmmaking— cinematographer Ed Lachman even uses Super 16mm film stock to create the grainy feel of a 1950s period piece—with beautifully wrought, timeless performances and a love story for the ages.