Treat for the Avid Finthusiasts
Want to understand in a more fun and interesting way!? This last blog might be of help!
Since The Financial Crisis of 2008, there have been many movies and books published depicting the crisis of 2008. Talking about the movies and documentaries first, there were some award-winning works like Capitalism: A Love Story, a documentary which came out in 2009, won the Academy Awards. It collected a whooping $17 million in global box office! A year later, in 2010 another documentary, Inside Job was lauded as one of the first American film to engage directly with the financial crisis. It was lauded as one the first in its form to tackle the complicated subject of the 2008 financial crisis and distil it into something easily digested. It earned its director Charles Ferguson an Academy Award for the year’s best documentary. Another fictional take on the financial crisis was 2011’s Margin Call which is a rare financial thriller! The latest Hollywood production laying the blame for financial crisis of 2008 was The Big Short, released in 2015 in The USA and in 2016 in India. It was adapted from the 2010 Michael Lewis book of the same name. It had a star studded cast that includes Brad Pitt, Christian Bale, and Steve Carell! Among others movies which picturised the 2008 crisis were Too Big to Fail, Wall Street: Money Never Fails, Queen of Versailles and etc.
Coming to the books published, describing the happenings of the 2008 Financial Crisis in written form, some of the renowned books are How Markets Fail by John Cassidy. It was published in 2009, the first writing depiction of the 2008 crisis. In 2010, The Big Short by Michael Lewis, the one which we talked about above as well, was published. If one has never understood the speculative nuts and bolts inside the housing boom, this is a good place to start. One of the best-selling books was The End of Wall Street by Roger Lowenstein. It was published in 2010. Lowenstein looks to the roots of the crisis to reveal how America succumbed to easy debts and speculative mortgages. Other popular books describing the events of the 2008 crisis are 13 Bankers by Simon Johnson, 2010; Age of Green by Jeff Madrick, 2011; Freefall by Joseph Stiglitz, 2010 among others. Dhruv Maheshwari B.Com (Hons)