big short 01Movie ‘Big Short’ depicts now-extinct mortgage business

 

This is a detroitnews.com article.

 

The financial crisis was eight years ago, but the trauma hasn’t faded. Painful memories linger of the housing market’s collapse and the suffering it caused homeowners, professionals and retirement-savers. Many have never fully recovered. This can make “The Big Short” an upsetting film to watch.

However, there is a silver lining in the catastrophe illuminated by the Oscar-nominated film: Reforms made since 2008 make it less likely that this national disaster could be repeated.

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