Finance Professors Dissect "The Big Short"

I recently went to The Big Short (an Academy Award Best Picture nominee) with four finance professors at the Isenberg School of Management. In a conversation after the movie, they applauded its accuracy and its clarity in explaining complex financial concepts. They also emphasized the importance of getting their students on board with ethical probity and of regulations that address system-wide financial interactions. 

My favorite quote from the conversation: “Eight years before the blow-up, removal of all regulations on OTC derivatives by the CFMA act of 2000 –supported by Alan Greenspan, Robert Rubin, and others—turned even basic derivatives like the credit default swap into what drugs would be like without regulatory authority from the FDA.”

Read my full write-up here.