Movie Sneaks: Why Michael Lewis says Adam McKay gets the Wall Street meltdown right in ‘The Big Short’
Steve Carell read Michael Lewis’ book “The Big Short,” which chronicles the 2008 mortgage debt meltdown and the Wall Street outsiders who saw it coming, in just about one sitting. “Loved it,” Carell says. “Had to read it a second time because I wasn’t sure I got it all the first go-around but absolutely loved it. I just couldn’t understand how they were going to make a movie out of it.”
Lewis has heard that before. When the popular author sold his 2003 baseball analytics bestseller “Moneyball” to Columbia Pictures, the book’s primary subject, Oakland Athletics executive Billy Beane, balked at selling his own rights.
“I said, ‘Billy, don’t worry. It’ll just be an annuity. People will be [spending] years writing a screenplay, but nothing will ever happen,’” Lewis remembers. “And, for years, that looked to be the case.”
Lewis thought the same thing when Paramount bought “The Big Short” last year with Brad Pitt’s Plan B Entertainment producing. The material had plenty of interesting characters — the canny oddballs who ran the numbers and bet against Wall Street — but it also required that any adaptation explain, say, the nature of collateralized debt obligations.
“And once you tell somebody that, they just look at you with a glazed expression,” Lewis says by phone from San Francisco.
One person who didn’t blink was filmmaker Adam McKay, the writer-director of such absurdist, quotable comedies as “Talladega Nights,” “Step Brothers” and the two “Anchorman” movies. McKay signed on in March 2014 and did a rewrite of the script, which was good enough to persuade Carell, Christian Bale and Ryan Gosling to take the lead roles of the financial outsiders, with Pitt agreeing to take a small supporting part.
For Lewis, the material’s social importance required a filmmaker with a deep, passionate activist bent — and he wasn’t sure McKay was the guy. But after meeting with him, Lewis came away convinced.
A selection of films through the holiday season until 2016.(Handout)
Saoirse Ronan stars as a young Irish immigrant making her way in 1950s Brooklyn but torn between her new home and romance and the pull of her past. With Domhnall Gleeson, Emory Cohen, Jim Broadbent and Julie Walters. Written by Nick Hornby, based on the novel by Colm Tóibín. Directed by John Crowley. Fox Searchlight Pictures(Kerry Brown / Twentieth Century Fox Film Corpo)
A cryptic message from his past sends secret agent James Bond on a trail to uncover a sinister organization. With Daniel Craig, Christoph Waltz and Lea Seydoux. Written by John Logan, Neal Purvis and Robert Wade. Directed by Sam Mendes. Columbia Pictures / MGM(Jonathan Olley / MGM/Columbia Pictures)
The lovable loser Charlie Brown and his daring beagle, Snoopy, embark on fateful adventures. With the voices of Noah Schnapp, Hadley Miller and Alex Garfin. Written by Craig Schulz, Bryan Schulz and Cornelius Uliano. Directed by Steve Martino. In 3-D. 20th Century Fox(Twentieth Century Fox & Peanuts)
In the 1940s, screenwriter Dalton Trumbo’s successful career comes crashing down as he and other Hollywood figures are blacklisted for their political beliefs. With Bryan Cranston, Elle Fanning and Diane Lane. Written by John McNamara. Directed by Jay Roach. Bleecker Street(Hilary Bronwyn Gail / Bleecker Street)
A fact-based drama about the Boston Globe’s months-long investigation of a cover-up of abuse in the Catholic Church. With Michael Keaton, Mark Ruffalo, Rachel McAdams and Liev Schreiber. Written by Tom McCarthy and Josh Singer. Directed by McCarthy. Open Road Films(Kerry Hayes / Open Road Films)
Four generations gather for their annual Christmas Eve festivities, which are upended by unexpected guests and a surprising turn of events. With Alan Arkin, John Goodman, Ed Helms, Diane Keaton and Olivia Wilde. Written by Steven Rogers. Directed by Jessie Nelson. CBS Films(Suzanne Tenner / CBS Films)
This documentary profiles the heiress and cultural empresario who championed such artists as Max Ernst, Jackson Pollock, Alexander Calder and Marcel Duchamp. Directed by Lisa Immordino Vreeland. Submarine Deluxe(Roloff Beny/National Archives of Canada / Submarine Deluxe)
Dramatic telling of the 2010 Chilean mine disaster, when an international team raced the clock to rescue 33 miners trapped 200 stories below ground. With Antonio Banderas, Rodrigo Santoro, Juliette Binoche, James Brolin, Lou Diamond Phillips and Gabriel Byrne. Written by Mikko Alanne, Craig Borten and Michael Thomas, based on the screen story by José Rivera and the book “Deep Down Dark” by former Times staffer Hector Tobar. Directed by Patricia Riggen. Warner Bros.(Warner Bros. Pictures)
Angelina Jolie Pitt writes, directs and costars with husband Brad Pitt as an American writer and his wife attempting to repair their failing marriage in a quiet seaside resort in 1970s France. With Mélanie Laurent, Melvil Poupaud, Niels Arestrup and Richard Bohringer. Universal Pictures(Universal Pictures)
Documentary explores the changing lives of several Pakistani classical musicians when their new album earns them international accolades and a concert at Lincoln Center. With Wynton Marsalis. Directed by Sharmeen Obaid-Chinoy and Andy Schocken. Broad Green Pictures(Mobeen Ansari / Broad Green Pictures)
An undersized football player faces unforeseen challenges playing for fabled University of Texas coach Darrell Royal. With Finn Wittrock, Aaron Eckhart, Sarah Bolger and Robin Tunney. Written and directed by Angelo Pizzo, based upon the book “Courage Beyond the Game: The Freddie Steinmark Story” by Jim Dent. Clarius Entertainment(Van Redin / Clarius Entertainment)
Mistaken identity at London’s Waterloo Station leads to a madcap evening of emotional risk-taking for the romantically challenged Lake Bell and the newly divorced Simon Pegg. With Olivia Williams. Written by Tess Morris. Directed by Ben Palmer. Saban Films(Giles Keyte / Saban Films)
Jennifer Lawrence is back for the fourth and final film in the YA franchise, which pits Katniss and friends against President Snow as they attempt to liberate the citizens of Panem. With Josh Hutcherson, Liam Hemsworth, Woody Harrelson, Elizabeth Banks, Julianne Moore, Philip Seymour Hoffman and Donald Sutherland. Written by Peter Craig and Danny Strong, adaptation by Suzanne Collins, based upon her novel, “Mockingjay.” Directed by Francis Lawrence. Lionsgate(Murray Close / Lionsgate)
In a village in northern Turkey, the youthful exuberance of five adolescent sisters is tempered as they are prepared for more traditional female roles. With Dogba Doguslu, Elit Iscan, Gunes Sensoy, Ilayda Akdogan and Tugba Sunguroglu. Written by Deniz Gamze Ergüven and Alice Winocour. Directed by Ergüven. Cohen Media Group(Cohen Media Group)
His mother’s serious illness forces a young New Yorker to confront his self-indulgent, self-destructive ways. With Christopher Abbott, Cynthia Nixon, Scott “Kid Cudi” Mescudi, Makenzie Leigh, Ron Livingston and David Call. Written and directed by Josh Mond. The Film Arcade(Matyas Erdely / The Film Arcade)
FBI investigator Chiwetel Ejiofor turns up a new lead in the murder of a young girl, a case that tore apart his team 13 years earlier. With Nicole Kidman and Julia Roberts. Written and directed by Billy Ray. STX Entertainment(Karen Ballard / STX Productions)
Cate Blanchett stars as a married woman who falls in love with young shopgirl Rooney Mara in 1950s New York, where their relationship is tested by societal conventions. With Sarah Paulson, Kyle Chandler, Jake Lacy and Cory Michael Smith. Written by Phyllis Nagy, based on the novel “The Price of Salt” by Patricia Highsmith. Directed by Todd Haynes. The Weinstein Co.(Wilson Webb / The Weinstein Company)
The terror of an online game is all too real for a group of privileged suburban tween girls. With Chloe Sevigny, Timothy Hutton, Natasha Lyonne, Balthazar Getty and Taryn Manning. Written and directed by Tara Subkoff. IFC Midnight(IFC Midnight)
Tom Hardy plays notorious twin gangsters Ronald and Reggie Kray wreaking havoc on the 1960s London underworld. With Emily Browning, David Thewlis, Christopher Eccleston and Chazz Palminteri. Written and directed by Brian Helgeland, based on the book “The Profession of Violence” by John Pearson. Universal Pictures(Universal Pictures)
Filmmaker Bernardo Ruiz profiles three disparate individuals — a nun, a smuggler-turned-rancher and a Homeland Security official — on the front lines of the U.S.-Mexico drug war. Participant Media(Antonio Cisneros / Participant Media)
James McAvoy stars, with Daniel Radcliffe as Igor, in this revamp of Mary Shelley’s classic tale, in which the doctor’s cutting-edge research into immortality goes too far, resulting in terrifying consequences. Written by Max Landis. Directed by Paul McGuigan. 20th Century Fox(Alex Bailey / 20th Century Fox)
“Fruitvale Station” star Michael B. Jordan and director Ryan Coogler team with Sylvester Stallone as Apollo Creed’s son asks his late father’s former rival, Rocky Balboa, to return to boxing as his trainer. With Tessa Thompson, Phylicia Rashad and Anthony Bellew. Written by Coogler & Aaron Covington, based on characters from the “Rocky” series written by Stallone. Warner Bros.(Barry Wetcher / Warner Bros.)
An apatosaurus makes a human friend in a world where dinosaurs did not go extinct in Pixar’s latest animated film. With the voices of Jeffrey Wright, Frances McDormand, Steve Zahn, Anna Paquin and Sam Elliott. Directed by Peter Sohn. Walt Disney Pictures(Pixar / Disney/Pixar)
Eddie Redmayne stars as an artist who discovers her identity as a woman and becomes a transgender pioneer with the help of his wife and fellow artist in 1920s Copenhagen. With Alicia Vikander, Ben Whishaw, Sebastian Koch, Amber Heard and Matthias Schoenaerts. Written by Lucinda Coxon, based on the book by David Ebershoff. Directed by Tom Hooper. Focus Features(Focus Features)
The life of a beekeeping family in Tuscany is intruded upon by the arrival of a disturbed teenaged boy and a reality television show. With Alba Rohrwacher, Monica Bellucci, Alexandra Lungu, Sam Louwyck, Sabine Timoteo and Agnese Graziani. Written and directed by Alice Rohrwacher. Oscilloscope Laboratories(Oscilloscope Laboratories)
Agent provocateur Kit Harington teams with the dishonored head of the British intelligence agency to track an escaped terrorist in this spinoff of the BBC spy series “Spooks.” With Peter Firth, Jennifer Ehle and David Harewood. Written by Sam Vincent and Jonathan Brackley. Directed by Bharat Nalluri. Saban Films(DirecTV / Saban Films)
Princesses Elizabeth and Margaret let down their hair and enjoy a night on the town after the end of World War II. With Sarah Gadon, Bel Powley, Jack Reynor, Rupert Everett and Emily Watson. Written by Trevor De Silva and Kevin Hood. Directed by Julian Jarrold. Atlas Distribution Co. & Ketchup Entertainment(Atlas Distribution Company / Ketchup Entertainment)
After failing to fix the trial of John Gotti, an aspiring mobster goes on a narcotics-fueled revenge binge with his groupie girlfriend. With Vincent Piazza, Patricia Arquette, Michael Imperioli, Domenick Lombardozzi, David Zayas and Nick Sandow. Written and directed by Sandow. Momentum Pictures/Orion Pictures(Thomas Concordia / Momentum/Orion Pictures)
A family’s lack of Christmas spirit triggers the onslaught of a dark force and his minions. With Adam Scott, Toni Collette, David Koechner and Conchata Ferrell. Co-written by Michael Dougherty, Zach Shields and Todd Casey. Directed by Dougherty. Universal Pictures(Steve Unwin / Universal Pictures)
Maggie Smith reprises her stage role as the title character who parks her vehicle in the driveway of a writer and remains for 15 years. With Alex Jennings, James Corden and Dominic Cooper. Written by Alan Bennett, from his play. Directed by Nicholas Hytner. Sony Pictures Classics(Nicola Dove / Sony Classics Pictures)
Two teenage Lithuanian girls are united by a love for flying and share a secret romance. With Julija Steponaityte, Aiste Dirziute, Jurate Sodyte, Martynas Budraitis, Laurynas Jurgelis, Nele Savicenko and Inga Salkauskaite. Written and directed by Alanté Kavaïté. Strand Releasing(Strand Releasing)
Michael Caine and Harvey Keitel play longtime friends, a composer and a screenwriter, reflecting on their lives and art at a Swiss resort. With Rachel Weisz, Paul Dano and Jane Fonda. Written and directed by Paolo Sorrentino. Fox Searchlight(Gianni Fiorito / 20th Century Fox)
Michael Fassbender and Marion Cotillard star in William Shakespeare’s bloody tale of a Scottish general driven by his ambitious wife to seek the throne by any means necessary. With Paddy Considine and David Thewlis. Written by Jacob Koskoff, Todd Louiso and Michael Lesslie, based on the play. Directed by Justin Kurzel. The Weinstein Co.(Jonathan Olley / The Weinstein Company)
Based on the original recordings of the weeklong 1962 meeting between the two filmmakers, this documentary explores the mysteries of mise-en-scène and the man who directed “Psycho,” “The Birds” and “Vertigo.” With Martin Scorsese, Wes Anderson, David Fincher, Olivier Assayas, Peter Bogdanovich, Arnaud Desplechin, James Gray, Kiyoshi Kurosawa and Richard Linklater. Directed by Kent Jones. Cohen Media Group(Philippe Halsman / Cohen Media Group)
Ron Howard directed this epic about the 1820 battle between the whaling ship Essex and a mammoth whale off the coast of New England that inspired “Moby Dick.” With Chris Hemsworth, Benjamin Walker, Cillian Murphy and Brendan Gleeson. Written by Charles Leavitt, story by Leavitt and Rick Jaffa & Amanda Silver, based on the book “In the Heart of the Sea: The Tragedy of the Whaleship Essex” by Nathaniel Philbrick. Warner Bros.(Jonathan Prime / Warner Bros.)
This experimental, wordless animation, fueled by music and color, follows a child’s quest to reunite his family. With Marco Aurélio Campos, Vinicius Garcia, Lu Horta. Written and directed by Alê Abreu. GKids(Gkids)
At Auschwitz-Birkenau in 1944, a Hungarian prisoner discovers a dead boy he believes is his son and endeavors to save the body from the crematorium and give it a proper Jewish burial. Géza Röhrig stars. Written by Lázló Nemes and Clara Royer. Directed by Nemes. Sony Pictures Classics(Sony Pictures Classics)
Harrison Ford, Mark Hamill and Carrie Fisher return for the latest installment of the space saga as it kicks off another trilogy set in a galaxy far, far away. With Adam Driver, Oscar Isaac, Lupita Nyong’o, Andy Serkis, Domhnall Gleeson, Anthony Daniels, Peter Mayhew and Max Von Sydow. Written by J.J. Abrams & Lawrence Kasdan. Directed by Abrams. Walt Disney Pictures(Lucasfilm / Lucasfilm)
The high-pitched trio set off for New York City to stop Dave, who they believe is going to propose to his girlfriend and leave them behind. With Jason Lee, Tony Hale, Kimberly Williams-Paisley, Justin Long, Matthew Gray Gubler, Jesse McCartney, Kaley Cuoco-Sweeting, Anna Faris and Christina Applegate. Written by Randi Mayem and Adam Sztykiel, based on the characters Alvin and the Chipmunks created by Ross Bagdasarian and the Chipettes created by Janice Karman. Directed by Walt Becker. 20th Century Fox(20th Century Fox)
Director Michael Moore turns to Europe and elsewhere looking for ways to cure the U.S.’ most serious ills in this globe-trotting documentary. Distributed by Tom Quinn, Jason Janego, Tim League(Dog Eat Dog Films)
Will Smith stars as a forensic neuropathologist who discovers the first case of CTE, a football-related brain trauma, and challenges the NFL in his battle to reveal the truth. With Alec Baldwin, Gugu Mbatha-Raw, David Morse and Albert Brooks. Written and directed by Peter Landesman, based on the GQ article “Game Brain” by Jeanne Marie Laskas. Columbia Pictures(Melinda Sue Gordon / Columbia Pictures)
Shortly after the Civil War, an octet of dangerous strangers convenes at a Wyoming stagecoach stopover during a blizzard in writer-director Quentin Tarantino’s western. With Samuel L. Jackson, Kurt Russell, Jennifer Jason Leigh and Channing Tatum. The Weinstein Co.(Andrew Cooper / The Weinstein Company)
The world of milquetoast stepdad Will Ferrell is upended when the children’s anarchic biological father, played by Mark Wahlberg, pays a visit. With Linda Cardellini, Thomas Haden Church and Hannibal Buress. Written by Brian Burns and Sean Anders & John Morris. Directed by Anders. Paramount Pictures(Patti Peret / Paramount Pictures)
Remake of the 1991 surfer crime movie about an FBI agent infiltrating a gang of extreme athletes who use their feats to pull off elaborate capers. With Édgar Ramírez, Luke Bracey, Teresa Palmer, Delroy Lindo and Ray Winstone. Written by Kurt Wimmer, story by Rick King & W. Peter Iliff and Wimmer, based on the 1991 film. Directed by Ericson Core. Warner Bros.(Warner Bros.)
Leonardo DiCaprio stars as an explorer left for dead in the wilderness, who fights for survival and a return to his family. With Tom Hardy, Domhnall Gleeson and Will Poulter. Written by Mark L. Smith & Alejandro G. Iñárritu, based in part on the novel by Michael Punke. Directed by Iñárritu. 20th Century Fox(20th Century Fox)
Writer-director David O. Russell reunites with stars Jennifer Lawrence, Bradley Cooper and Robert De Niro in this intergenerational story of a young woman who founds a business dynasty based on a cleaning product. With Édgar Ramírez, Diane Ladd, Virginia Madsen and Isabella Rossellini. Story by Annie Mumolo and Russell. 20th Century Fox(Merie Weismiller Wallace / 20th Century Fox)
A customer service expert grapples with human connection during a stay in Cincinnati in Charlie Kaufman’s emotionally complex stop-motion animated drama. With the voices of David Thewlis, Jennifer Jason Leigh and Tom Noonan. Written by Kaufman, based on his play. Directed by Kaufman and Duke Johnson. Paramount Pictures(Paramount Pictures)
In 1985 Palo Alto, three fifth-graders navigate the treacherous world of pre-teen suburbia. With James Franco and Henry Hopper. Written and directed by Gabrielle Demeestere. Monterey Media(Monterey Media)
Despite dire warnings, a young American enters Japan’s Aokigahara Forest in search of her missing sister and encounters the malevolent souls of the dead. With Natalie Dormer, Taylor Kinney, Eoin Macken, Yukiyoshi Ozawa. Written by Sarah Cornwell and Nick Antosca, based on an idea by David S. Goyer. Directed by Jason Zada. Focus Features(James Dittiger / Gramercy Pictures)
“He had stuff inside him untapped,” Lewis says, adding that a closer inspection of McKay’s work, including the Funny or Die video website McKay founded with Will Ferrell, reveals a subversive streak bent on lampooning the more ridiculous aspects of American culture.
That kind of sly humor permeates “The Big Short” (which opens Dec. 11 in limited release before going wide two weeks later), particularly in the scenes where McKay brought in an eclectic range of celebrities — Selena Gomez, for one — to directly address the camera and explain the finer points of finance.
Lewis, who began his professional career working for the Wall Street investment bank Salomon Brothers, hopes the movie might at least help viewers understand the causes of the financial collapse and demand vigilant oversight so it doesn’t happen again.
“It’s just a movie,” he says with a shrug. “But I think it’s the first movie that’s really about Wall Street and that really gets it right. And when people understand how outrageous it is, it might trigger a conversation.”
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