This week, the film series The Big Short is officially being released in cinemas around the world.
It’s based on the bestselling book by Harvard Business School professor Daniel Pink, and it stars Josh Brolin, Tom Hanks and Woody Harrelson.
But it is, for many of us, a very different film from the one we’re used to.
The film follows the life of a young man named Noah (Brolin), who, like his father, has been living off the government’s largesse for the past several years.
The boy’s father is a former hedge fund manager and stockbroker, who is now living in a luxury home in a posh suburb of Los Angeles with his young family.
When Noah gets a call from his father’s former firm asking if he’d like to take on a new job in a government-funded investment fund, he turns to his best friend for advice.
“He says: ‘Go into the government’,” Noah recalls his friend saying.
And that’s exactly what Noah does, starting out as an intern at a government department in LA.
He eventually starts to realise that he can’t just go into a company that doesn’t pay him as well as the government.
He needs to start earning, and he needs to get his own money back.
And he needs money.
So he goes to work for a hedge fund.
And eventually he gets his own $100 million.
So the question is: How is it possible for a young film actor to be living off government largesse?
Well, it’s not that unusual.
A new report from the Institute of Economic Affairs, titled “The Big Recession: What is the real story of the financial crisis?”, shows that the real cost of the global financial crisis was in the trillions of dollars lost in investment.
In terms of the economy as a whole, the report shows that there was a direct impact of $1.7 trillion lost in GDP, a direct cost of $20 trillion.
And the loss of wealth was a huge one.
The loss of assets in real terms was $12.6 trillion, or the equivalent of a quarter of the GDP of the world’s major economies.
And it’s just the beginning.
The report says that the loss in wealth of a country’s wealth is around 10 times that of the loss on the stock market.
So the report argues that the “real” cost of financial crises is in the billions of dollars.
But the real costs of the crisis were not always the fault of the big banks and hedge funds.
The Financial Stability Board (FSB) was created to manage the financial markets and oversee the implementation of bailouts and other bailouts.
And the report from The Financial Stability Council (FSC) shows that its role is to ensure that the world does not go down the same path again.
The FSB was created in 1999.
The FSB is responsible for ensuring that financial markets are safe from contagion.
The bank is also responsible for monitoring and reporting on the conduct of banks.
One of the main responsibilities of the FSB, the Financial Stability Oversight Council ( FSOC ), is to oversee the financial stability of banks and their regulators.
For example, it is tasked with supervising how a bank is managed, and whether or not it meets the financial standards required by law.
But some of the biggest problems that the FSOC faces are the systemic problems that have arisen in the financial system.
There is a systemic problem that the banks have a huge problem with and the FSOB has failed to address it.
So for example, the FSOCC is responsible to supervise how a financial institution behaves.
They oversee a bank if they see a risk of a systemic financial meltdown.
The problem is that the systemic risk is a little more than $10 trillion.
So what happens is the banks don’t want to admit that they are the cause of the problem.
They don’t think that they’re going to be held responsible.
And they don’t have any intention of changing their ways.
And this is the problem with the system that we have today.
So the banks are not willing to admit to their systemic problems, they’re not willing, because they’re worried about being held responsible for them, they want to make themselves feel like they’re getting away with things that are wrong.
So they have this systemic problem and they have no intention of addressing it.
The result is that we’ve got a system that is totally unstable and that is not sustainable.
I would say that the crisis in the banking system is a direct consequence of the failure of the system.
The banks are trying to make money and make themselves look good.
It’s not just the banks who are affected by this.
The big banks themselves are also having a difficult time making money, because the banks aren’t investing in new capital.