What Happened To Trucking In The Crash.

Topic 26128 | Page 2

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Ralph G. ( Arejay )'s Comment
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For me, the movie, "The Big Short" was an eye-opening experience that made the whole debacle easier to understand and gives a good overview of just how nieve the world can be.

Quoted description from Wikipedia

The Big Short is a 2015 American biographical comedy-drama film directed by Adam McKay. 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.[4] The film stars Christian Bale, Steve Carell, Ryan Gosling, Brad Pitt, Melissa Leo, Hamish Linklater, John Magaro, Rafe Spall, Jeremy Strong, Finn Wittrock, and Marisa Tomei.

The film is noted for the unconventional techniques it employs to explain financial instruments. 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 collateralized debt obligations as a meta-reference.[5] Several other actors directly address the audience, most frequently Gosling, who serves as the narrator.

The film began a limited release in the United States on December 11, 2015, followed by a wide release on December 23 by Paramount Pictures.[6][7] The film was a commercial success, grossing $133 million against a $50 million budget. The film was also highly praised by critics, with many highlighting the cast's performances (particularly Christian bale, Steve Carell and Ryan Gosling), McKay's direction and the screenplay. 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.

OWI:

Operating While Intoxicated

Drew Oswalt's Comment
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Thanks for that factually concise explanation of the first financial debacle of the 21st century. Greed always ruins things, no matter which political party is in control.

I was dating a woman who worked at Countrywide. I couldn't believe the money she was making every month and the bonuses the company was giving out. She could have easily gotten a couple Mercedes-Benzs, but she didn't want to work 24/7. She owned a 350z.

I asked her about those sub-prime loans. She said none of the borrowers ever read the whole contract. Pretty stupid to not do that with all that money on the line.

HOS:

Hours Of Service

HOS refers to the logbook hours of service regulations.
PackRat's Comment
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Where the heck have you been lately, Arejay?shocked.pngsmile.gif

Ralph G. ( Arejay )'s Comment
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Where the heck have you been lately, Arejay?shocked.pngsmile.gif

Hey PackRat!... I've been around. I check in to TT quite often, at least a couple times a week. I must confess that I read much more than I write. After much deliberation and some life career trajectory changes, I went to Knight in Pheonix and then after completing my road training, I took a break wo work a short IT contract in Tampa. Now that I'm wrapping up that job, I'll be jumping back in a truck with Knight out of the Lakeland, FL terminal. I'll need to make a new post about my experiences so far ( I don't want to be a thread hijacker LOL )

Terminal:

A facility where trucking companies operate out of, or their "home base" if you will. A lot of major companies have multiple terminals around the country which usually consist of the main office building, a drop lot for trailers, and sometimes a repair shop and wash facilities.

PackRat's Comment
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Fantastic! I'm having a good time here at Knight (except for this morning).

Bruce K.'s Comment
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Arejay, great post about "The Big Short". I missed that one so thanks for bringing it up. I gotta watch it. Great cast. I read "Griftopia" by Matt Taibbi (sp?) about the recession. What a corrupt group of a-holes.

Ralph G. ( Arejay )'s Comment
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Arejay, great post about "The Big Short". I missed that one so thanks for bringing it up. I gotta watch it. Great cast. I read "Griftopia" by Matt Taibbi (sp?) about the recession. What a corrupt group of a-holes.

Thanks Bruce... I really enjoyed the movie. I've watched it a few times. It was on Netflix or Amazon Prime for a while, I can't recall which right now or if it's still on any streaming service any more.

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