Release: Wednesday, December 23, 2015

[Theater]

Written by: Adam McKay; Charles Randolph 

Directed by: Adam McKay

When it was announced Adam McKay would be putting his comedic muse Will Ferrell in time out so he could make a film not only steeped in but specifically commenting on the 2008 financial crisis (and the events that precipitated it), I knew there could only be two possible outcomes.

This was boom or bust. The Big Short was either going to be an exciting new direction for the guy who gave us a NASCAR driver with two first names and the Channel 4 News Team    . . . or it was going to be an unbearable misfire, proving the limitations of a director who likes to keep things casual.

It turns out I was wrong. There was actually a third option, a middle ground — the dreaded ‘it was just okay’ territory where you’re not sure whether what you’ve just watched is something you’re going to care about by the time you get to your car. But The Big Short lingers in the mind for at least that long because you just can’t shake the weirdness. It is a weird experience; I mean, really weird. Not in a Rocky Horror Picture Show or Guillermo Del Toro kind of way, where weirdness is beneficial, even a signature.

It’s a film in which weirdness is just off-putting. Events are rooted very much in dramatic realism but tonally McKay prefers going for that whole meta ‘breaking the fourth wall’ thing that made Scorsese’s commentary on the wealth of Wall Street a couple of years ago oh so much fun. He douses character dialogue and interaction with an arrogance that would make Ron Burgundy and Ricky Bobby proud. And, okay, even Jordan Belfort. Key players are more caricatures than characters and they’re this way because McKay doesn’t want to be lecturing audiences with characters who aren’t fun and in that way, relatable.

It’s a film where strippers lament having to pay multiple mortgages and Ryan Gosling can almost pull off the fake tan and hairstyle á la Bradley Cooper in American Hustle. Christian Bale doesn’t have the gut or the really bad wig this time around though.

Working from a script written by Charles Randolph and himself, one based upon Michael Lewis’ 2010 book of the same name, McKay zeroes in on three groups of finance geeks who predict the destabilization and eventual collapse of the national and global economy several years in advance, paying special attention to the precarious state of subprime mortgage loans. The borrowing of money was an issue further compounded by big banks’ frivolous selling of what are known as collateralized debt obligations (CDOs), ways of bundling together poor loans in a package those banks would sell to their investors as a way of transferring any responsibility of debt repayment.

Those key players probably could use some sort of introduction. There’s the eccentric Dr. Michael Burry (Bale) who is first seen in the film doing his homework on the health of the housing market in 2005. He’s the guy who realizes he too could profit immensely off of the blindness (or is it just ignorance?) of suits who don’t realize how faulty their investments actually are. He also doesn’t wear shoes in his office and blares loud music whenever he’s crunching numbers.

Sometime later a slithery, opportunistic investor named Jared Vennett (Gosling) catches wind of Burry’s idea and, realizing just how right he is, wants in. Vennett smells blood in the water and taps stock traders like Mark Baum (Steve Carell) to join in on the action. Carell colors Baum as a self-righteous, idealistic man who’s cynical so far beyond his years the question has to be asked: what are you still doing here on Wall Street? His wife Cynthia (Marisa Tomei) repeatedly tells him he shouldn’t try to fix every problem in the world. Baum experiences a crisis of conscience when he realizes how much money there is to be made off of the greedy bankers’ investments, and also realizing the parallels between that reality and the white collar crimes that have been perpetrated to create this entire mess.

There are also two young hot shots who discover the credit bubble and are eager to gain from it. Otherwise . . . it’s back to living at home with mom! Charlie Geller (John Magaro) and Jamie Shipley (Finn Wittrock) are seeking a way to establish their own names so they enlist the help of retired banker Ben Rickert (Brad Pitt) — this is the wizened old fool who has been sickened by corporate greed and has sworn off of the trade — to help them short up (a.k.a. buy bonds cheap now to sell them for profit later) several high profile accounts.

I know, doesn’t this movie sound like so much fun? It is a credit to McKay and his entire crew that The Big Short maintains any semblance of energy whatsoever, as the story becomes far more bogged down by industry jargon than by the emotions this still raw subject matter is liable to generate in viewers.

Setting aside the inherent complexities of the story, The Big Short is just too much. It’s information overload, and on top of that it’s a whole lot of opinion flying in from all directions. Gosling’s character is entirely condescending and annoying — even more so than the dictionary definitions we must read occasionally on screen (McKay knows most people would be lost without them). Carell is a nervous wreck who challenges his own Michael Scott for most grating characters he’s ever played. Performances are otherwise, for the most part, not all that notable.

Somewhere buried deep inside this hodgepodge of statistics, dramatic license and comedic interplay there is genius. McKay embraces a challenging story with confidence that can’t be ignored, but just as unavoidable is the fact his dramedy is about as strange a concoction as I had presumed it would be, what with a cast that it is essentially split 50-50 in terms of comedic and dramatic talent. If you want to talk about big bailouts, The Big Short definitely benefits from its high-profile personnel.

Recommendation: An odd and mostly unsatisfying blend of comedy and dramatic realism, The Big Short could very well divide the Adam McKay faithful as it doesn’t quite offer the memorably quotable scripts from times past, but it does suggest the man can do more than just provide a couple of comedians a line-o-rama for 90-plus minutes. Fact-based story is ultimately bogged down by jargon and dizzying editing that makes the whole thing kind of a headache. Disappointing. 

Rated: R

Running Time: 130 mins.

Quoted: “Tell me the difference between stupid and illegal and I’ll have my wife’s brother arrested.”

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Photo credits: http://www.impawards.com; http://www.imdb.com