His long-term bet, exceeding $1 billion, is accepted by major investment and commercial banks but requires paying substantial monthly premiums. Anticipating the market's collapse in the second quarter of 2007, as interest rates would rise from adjustable-rate mortgages, he proposes to create a credit default swap market, allowing him to bet against, or short, market-based mortgage-backed securities, for profit. In 2005, eccentric hedge fund manager Michael Burry discovers that the United States housing market, based on high-risk subprime loans, is extremely unstable. The film consists of three separate but concurrent stories, loosely connected by their actions in the years leading up to the 2007 housing market crash. The film won the Academy Award for Best Adapted Screenplay in addition to nominations for Best Picture, Best Director, Best Supporting Actor (Bale), and Best Film Editing. A critical and commercial success, the film grossed $133 million on a $50 million budget and received acclaim for the performances of the cast (particularly that of Bale), McKay's direction, editing, and the screenplay. The Big Short began a limited release in the United States on December 11, 2015, followed by a wide release on December 23 by Paramount Pictures. Several of the film's characters directly address the audience, most frequently Gosling's, who serves as the narrator. Among others, it features cameo appearances by actress Margot Robbie, chef Anthony Bourdain, singer-songwriter Selena Gomez, and economist Richard Thaler, who break the fourth wall to explain concepts such as subprime mortgages and synthetic collateralized debt obligations. The film is noted for the unconventional techniques it employs to explain financial instruments. The film stars Christian Bale, Steve Carell, Ryan Gosling and Brad Pitt, with Melissa Leo, Hamish Linklater, John Magaro, Rafe Spall, Jeremy Strong, Finn Wittrock, and Marisa Tomei in supporting roles. Written by McKay and Charles Randolph, it is based on the 2010 book The Big Short: Inside the Doomsday Machine by Michael Lewis showing how the financial crisis of 2007–2008 was triggered by the United States housing bubble. The Big Short is a 2015 American biographical comedy-drama film directed by Adam McKay.

The great wall movie plot