What are the key events in 'The Big Short' based on a true story?

Answer 1

The main events in 'The Big Short' based on true story involve the identification of the over - inflated housing market. The protagonists in the story, such as Dr. Michael Burry, noticed the high - risk nature of the sub - prime mortgage - backed securities. They observed that the housing market was built on shaky foundations with many loans being given to unqualified borrowers. As a result, when the housing market started to decline, the value of these securities crashed. This led to a domino effect in the financial world, causing major banks and financial institutions to struggle and the overall economy to take a huge hit. It was a complex web of events that ultimately led to one of the biggest financial crises in recent history.

Answer 2

One key event was the discovery of the flaws in the mortgage - backed securities market. Traders like Michael Burry noticed that many of the sub - prime mortgages that were bundled into these securities were likely to default. Another event was the increasing skepticism and eventually the collapse of the housing market, which was at the core of the financial crisis that the movie is about.

Answer 3

Well, in 'The Big Short' based on a true story, the key event was the realization that the housing bubble was about to burst. People like Mark Baum's team started to dig deeper into the mortgage market. They found that banks were giving out loans to people who couldn't really afford them. And when these borrowers started to default, it sent shockwaves through the financial system. It led to the big banks and financial institutions facing huge losses as the value of the mortgage - backed securities they held plummeted.