The Big Short Explained: Legal Reasoning and Repercussions

Production Date: February 18, 2016 Practice Areas: Business, Corporate, & Securities Law Estimated Length: 5480 minutes


$ 89 Business, Corporate, & Securities Law In Stock

Did you enjoy the book or film The Big Short but have trouble keeping up with all of the acronyms and financial and legal lingo? Were you captivated by the movie’s suspense but not always entirely certain what was going on? Were you wondering where all the lawyers were?


While, sadly, neither Anthony Bourdain nor Selena Gomez is available, attorney Gary J. Ross of Jackson Ross PLLC is on hand to break down the layers of mortgage-backed securities, collateralized debt obligations, tranches and synthetic derivatives, and help participants better understand these complex financial instruments and their role in bringing about the financial crisis of 2007-08. Gary also analyzes the laws governing securitization and structured finance transactions, as well as the role of lawyers in facilitating these deals. Gary concludes with a discussion of the laws passed in the wake of the financial crisis that attempt to prevent its recurrence.


Learning Objectives:

I.     Recognize acronyms for various financial instruments

II.    Grasp the basics of how these instruments work

III.   Understand the role of these instruments in the collapse of the housing market

IV.   Identify the laws governing securitization and the role of lawyers

V.    Comprehend laws that were created in the aftermath of the financial crisis and why they were created 

Richard K.
Cerritos, CA

Good program. Only critique would be to include more discussion of efforts to rein in risky loans at Fannie Mae and Freddie Mac in the mid-2000's.

Paul A.
Colorado Springs, CO

All I can say is wow - well presented, and hoping attorneys like Mr. Ross can help prevent a recurrence. Makes me want to see the movie; well done!

Ron V.
Greenwood Vil, CO

Interesting topic. Good explanation of the instruments that served as the basis for the financial crisis.

Catherine H.
Denver, CO

Great explanation of tranches.

Elizabeth P.
Englewood, CO

very interesting subject matter

Russ R.
Brighton, CO

Using the movie to drive the lecture was a great idea. Good presentation.

Lizzy S.
Lakewood, CO

great information for someone outside of this field. Very interesting content and relation to modern day movies etc

Eric S.
Boulder, CO

Excellent and knowledgable.

connie m.
Phoenix, AZ

Excellent presentation. Speaker was very prepared and knowledgeable.

Cynthia W.
Anacortes, WA

The Trifecta - interesting, informative, and educational.

F. Kim C.
Happy Valley, OR

Really good

Hugh M.
palm city, FL

excellent let me know what other courses ross has , it was sufficiently interesting it went fast

Jennifer L.
Land O' Lakes, FL

I really like the analysis of the movie in the scope of explaining the financial crisis.

Elizabeth F.
Mundelein, IL

knowledgeable speaker and interesting to work it around the book/movie; a topic many won't admit they don't fully understand!

Tina T.
Marietta, OH

This was interesting even though I don't practice in this area.

William M.
Lake Bluff, IL

Good presentation.

Michael M.
Austin, TX

This was a fun one to listen to...

Lawrence R.
Staten Island, NY


Craig S.
Southlake, TX

Excellent speaker and presentation.

Adam S.
Atlanta, GA

Educational and entertaining.

Robert S.
Anaheim, LB

Highly recommend Lays out crises in lay terms. Thank you

Kenneth C.
Hoboken, NJ

Very good overall.

Durham, NC

a very nice synopsis

Nytasha T.
Holly Springs, NC

I liked the book/movie connection made it more interesting with good point of reference

Paul E.
Asheville, LB

Most interesting CLE I have taken!

Paul B.
Charlotte, NC

Very timely. Interesting topic.