In 2008 one of the worst financial crises' occurred since The Great Depression. We later recovered a bit but even now the economy has not been as strong as it was before. Since that time many questions have arisen, who or what caused it, who is to blame, who should get punished. The crisis affected a lot of people and has been enveloped in a lot of our society today. Many people have written books about the situation and even created movies and television series about it as well.
There are some movies that have been made in the past eight years since this crisis occurred.
Wall Street: Money Never Sleeps is a sequel to the 1987 movie Wall Street starring Michael Douglas and Charlie Sheen. This time the movie stars Shia LaBeouf, Carrie Mulligan, and Michael Douglas reprising his role as Gordon Gekko. The setting starts before the crisis where the young Jacob Moore (LaBeouf) is the whiz kid on Wall Street and making millions with investments and green energy. The crisis occurs and Moore's mentor kills himself due to the loss in money. We later learn that the crisis was caused by a corporation and more specifically one person within the corporation, all the while Gordon Gekko is out of jail and has his own plans on making money. He explains to Jacob Moore that the whole housing bubble is about to burst. Its a movie that does not directly address the crisis that occurred in 2008, but certainly makes reference to the crisis.
Too Big To Fail is an HBO film that came out in 2011 about how the 2008 financial crisis occurred. More specifically it follows some of the key players on who caused it and those who were able to stop it from getting any worse than it did. The movie stars William Hurt as Henry Paulson and Paul Giamatti as Ben Bernanke, two key players that had to be the bridge between Washington and Wall Street to stop the Crisis from getting any worse than it had. It also explained how some of the biggest Investment Banks became so large that they Literally Cannot Fail. The movie did very well receiving 11 nominations for the Emmy's but more to the point, the movie was eye opening, giving an explanation of what happened in the crisis in 2008. This movie is a direct explanation of the crisis from one point of view.
The Big Short is another example of a movie about the 2008 financial and housing crisis. Whereas the other films above have a much more serious and darker tone to the movie, The Big Short has a dark comedic tone about the movie. The movie has a character who saw the financial crisis coming but as a person he is far different than any normal wall street person. Then you have an atypical wall street person and a couple other characters as well. The movie has been received quite well being nominated for five Academy Awards. The movie gives us another look at what occurred in the Crisis from another perspective. Once again, that crisis affected many people of different social classes and levels and not all of those investment people were greedy and only cared for themselves, they cared about others and who it had affected.
Money Monster is an up and coming film in 2016. The film itself is about how an average joe Kyle Budwell (Jack O'Connell) takes financial advice from financial tv personality Lee Gates (George Clooney) and loses a lot of his money and subsequently takes him hostage on live television. The movie itself has no direct connection to The Crisis, but makes references, like how CEO's of major corporations became greedy and purposely abused the system that many people relied and made millions or even billions while the little guy suffered and lost money. Its a movie with a classic story of the little guy vs the big guy or corporation. It also represents a bit of how some of country is feeling toward these major corporations, anger, anger for the loss of money and aspirations.
Will the trend of Financial Films continue? Or will they fade? Some of these films are very eye opening, giving you a perspective and an understanding of the financial system and how it can manipulated, and how it can cause devastating loss.
The 2008 Financial and Housing Crisis affected many people. Many people lost money which led some people to commit certain acts they never would have before. All the while some of the culprits that caused the issue in first place got off relatively scot free, not even jail time. On top of this we also had an increase in size of the largest investment banks to the point where they are literally at a point where they are TOO BIG TO FAIL.