How did he figure out what no one else did?

It wasn't a guess.

autizm, STRONK!

>NINJA loans

he had access to the right information. not many people had huge databases of foreclosure rates

>nobody expected a huge market crash

completely false and you're a retard if you think that no one saw it coming
it's the same shit that's happening now, "one more day" and kicking the can

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lots of people did, there werw many people warning of a bubble but no one cared.
my mom wasnt an economist but she knew homes were too expensive and yet they kept being sold to people she knew had not much money and she warned us about many expensive cars she saw in the streets amd how local conties kept buidling empty office buildings.
So many people knew, but mosr of those kept soing money so they kept their silence

m.youtube.com/watch?v=sgRGBNekFIw

They weren't fixed rate and that was one of the problems. The loans were adjustable and many only offered low rates for only the first few years then jumped up. That's what he saw was going to cause the catalyst. And most of the people taking out mortgages didn't understand or care about that part, they got their home and it was going swell for years, it would surely continue to go great right?

I meant the average economist didn't. These, "the whole thing is coming down tomorrow" theories are usually been ignored by the market since they are too "schizo" and incompatible with the general consensus.
There are lots of retards on Any Forums and reddit who doompost everyday and never get proven correct. However, there is always a small chance for a doomsday theory to come true and this is what happened then.
I'm sure more people managed to predict that downfall from those we saw in the movie but another point of the movie was, other than being a theatrical documentary, to highlight how this financial destruction caught the whole American market with its pants down because the big players were either lying to themselves while making bank or they were just completely retarded and ignorant.

he had access to a bloomberg terminal

He didn't know the future so yes it was.

he was a trust fund baby

Is he the only accurate portrayal of an intelligent person in film?

The usual "smart guy" in films either has retard ticks or is a hyperfictional Dr. House type with a quip for everything.

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if the problem in hindsight was loaning money to people who couldn't afford the houses they were buying with said loan, how DID nobody else see the crash coming?

Nothing wrong with providing for your children. Ask your parents why they sabotaged you.

he's a trust fund baby you can trust him

most intelligent people behave very normally

that's not the issue though. the payment on those loans were used as underlying assets and bundled with other investments and sold has bonds with an A+ rating

>intelligent person
>reads shannara chronicles

I think that these banks expected a future crash, but they didnt expected it to happen that soon. Plus retards were still buying these busted loans, so these banks were making their money to care enough to check the numbers again

He looked
It's like the second line in the film