El gran colapso

I agree with the critics who panned this absolutely absurd film. the facts and timing of the real estate sub prime market explosion events in LA are all wrong by nearly a decade. And as a film, the directing is so overwrought and didactic as to be mind numbing.

Firstly what is with opening with George Bush in a film about the roots of the sub prime real estate boom in LA -- when all the data show it started under Bill Clinton?? The LA Times trend lines of the S&P Case Shiler real estate show the massive upswing in home prices and speculation from insanely heated sub prime start in 1994-1995. Between late 1994 to 1998 average house prices in LA more almost DOUBLED from an average of $89,000 to $164,000. That is in less than four years -- all under Clinton. It was virtually all driven by a massive release in sub prime housing loans for low income buyers.