“The Big Short”—We Were All Duped

The Big Short
The Big Short

“The Big Short”, based on Michael Lewis’s book, is a film that wildly fluctuates between comedy and deadly serious criticism of Wall Street.

The producers, shouting out “Finance For Dummies”, follow a group of outlier financial analysts who predicted and bet on the fall of the U.S. housing market. 2011’s “Margin Call” told a similar story. “Wolf of Wall Street” also focused on investment banking as one excessive party, with attempts at humor.

The Big Short, a true story, feels like a lecture with subtitled definitions of arcane financial acronyms like CDO in PowerPoint slides. The tone becomes wearying, even nonsensical. For example, placing the beautiful Margot Robbie of “Wolf on Wall Street” in a bubble bath to explain what a “subprime” loan is. Laughable?

More a powerful expose of the securities market and how Wall Street bet against the ignorance of the average investor, “The Big Short” sometimes does entertain the viewer as we laugh at ourselves for our guileless trust in those folks who duped us out of billions of dollars of our hard-earned money. We feel the horror of understanding that on Wall Street greed trumps common sense. The film shines light on the backrooms of the financial meltdown and collapse, bringing self-interest and corruption into the stark light of the banking and financial world.

The cast, particularly Steve Carell and Christian Bale, own “The Big Short”, channeling the “Boiler Room” and “Glengarry Glen Ross” as whistleblowers who realize that gaming the system can’t last. Playing a changed man whose brother paid the ultimate sacrifice in Wall Street battles, Mark Baum (Carell) vows to uncover the corruption that allowed the system to become rogue.

Bale’s Michael Burry, a doctor turned broker, has an analytical brilliance about the pending financial doom which goes unrecognized, even thwarted, when his bosses are threatened. Annoyingly, his character beats on drums in his basement while projecting when the housing market will crash.  Reflecting  on subprime loans and duplicitous securities created to bundle high-risk mortgages in such a complicated way, Burry understands  that professionals as well as the average investor have no clue what the mortgages represent or who owns them.

As the debacle is in free-fall, Baum is incredulous that his team has bet against their own umbrella entity, Morgan Stanley. The imploding financial system caused by corporate greed and deceit has even fooled him.

Both Carell and Bale give some of the best performances of their careers. Yet cinematic clips jump from one scene to the next, attempting to evoke the financial crisis of 2008, with rap and other distracting scenes overlying the depressing subject of capitalism gone amuck. Ryan Gosling narrates by talking directly to the camera a la Kevin Spacey in “House of Cards”, one of my least favorite film conceits.

The demented and corrupt circus of Wall Street can only exist based upon a society which blindingly trusts them. Even the “good guys” (Baum and Burry) are ultimately motivated by making obscene amounts of money. Isn’t that what society tells us we have to do, in order to be valued? It’s sick and the whole thing has started up again, “The Big Short” informs us before the ending credits. Neither regulators, nor banks, nor the public seem to care enough about the damage of a cycle of boom and bust to really do anything about it. They – we – smell money. Ultimately a bleak repeat of history.

Not as good as “Wolf on Wall Street” or the superior “Margin Call” but we need reminding: we are all being duped.

 

“Hope Springs”…Eternal: Senior Sex Anyone?

Don’t be fooled by the trailers that depict this as a rom-com.  A  poignant portrayal of two  seniors who have drifted apart, not only as empty nesters, “Hope Springs” reveals  a hollowed-out existence between an aging husband and wife.

In the opening scenes, we see Kay (Meryl Streep) and Arnold (Tommy Lee Jones) getting ready to go to bed…in separate rooms.  Their sex life has virtually ended.  Rapidly growing moribund, their thirty-one year-old marriage needs professional help.

Arnold, the clueless accountant who has rigid habits his wife abhors, thinks there isn’t a problem. He uses his sleep apnea and back problem as excuses for no longer having sexual lives. However, Arnold’s co-worker suggests that he wishes he had done something to save his own marriage.  Scared, Arnold succumbs to the pressure and follows Kay begrudgingly to Maine for therapy.  In spite of resistance and dread at the thought of revealing their sexual failings to a stranger, Arnold does want to save his marriage. As he starts feeling his wife’s hurt, he becomes aware of his own.  He’s damaged and scared and you believe in him.

Enter the professional help–Dr. Feld (a surprising role superbly underplayed by Steve Carell). Kay confesses to Dr. Feld in therapy, as he listens compassionately and nonjudgmentally to her restrained pleas,and begins to understand the couple’s unhealed wounds.  We watch this couple from Omaha, Nebraska attempt to rejuvenate their marriage by healing: through intimacy “exercises” suggested by Dr. Feld. 

Kay and Arnold practice touching, kissing, and acting out their sexual fantasies.  What could be hilarious as well as comic relief–the banana-eating scene, for example, –is timidly glossed over. But there are some remarkable scenes that pinch the heart. “Hope Springs” floats over the understandable awkwardness of stepping out of one’s comfort zone, especially when discussing sex, hidden desires and raw emotions.

There are laughs too. Streep’s and Jones’ wonderfully uneasy and highly fumbling “love” scenes make their discomfort absolutely charming. Senior sex is bravely filmed without slapstick (there are a few cheap gags) or demeaning vulgularity. This in itself is a pioneering cinematic maneuver in a world where any parental sex, let alone senior sex, is a horrifying “eww” factor.  Like all good comedy, this movie goes for truth more often than laughs and makes you feel the pain that sets the laugh in motion.

In the hands of less stellar actors, “Hope Springs” could have been a  major cornball of a movie, but thankfully Streep and Jones tap into  something genuine, complex, and endearing in their characters’ quirks. The filmmakers vacillate between trusting their audience with this unusual theme and playing down to them.  When they are bravely exploring the theme of mature sexual issues and aging, this movie is elevated to a substantial and worthwhile film–to defining a moment for a demographic mostly ignored by the film industry.