big short

Trumbo’s Oscar-buzz faded quite rapidly, and so it’s not up for Best Picture, but Deborah and I nevertheless took the opportunity to double-bill it with The Big Short in the delightful faux-hipster environs of the recently-opened Picturehouse Central near Piccadilly Circus. They make an interesting pair – both true life stories of poor decision-making among the America’s rich and powerful and both helmed by directors known for comedy for whom this is a more dramatic piece of work.

The Big Short is undoubtedly the more interesting of the two. Based on Michael Lewis’s excellent book of the same name, it has to deal with several elements that make it tricky to package into a two-hour entertainment. The first is the fact that there were several independent groups of people who all hoped to make a profit by placing a “bet” on the housing market collapsing rather than booming (a “short” rather than a “long” position). Any one of these might provide a traditional protagonist, with some kind of recognisable “arc” through the piece, but director and co-screenwriter Adam McKay (Anchorman, The Other Guys) wants to include everyone from the book.

Then there’s the problem that much of the book is basically a lecture about the workings of Wall Street in the early 2000s. Lewis’s style is breezy and informal, and he has a great talent for picking out the key details and keeping the humour and character stuff to the fore, but there’s still a lot of factual information to take on board. To begin with, McKay populates the cast with a range of strong comedy actors who can fill up this vast array of characters with their own tics, quirks, improvised put-downs and face-pulling (Christian Bale, Steve Carell and Ryan Gosling lead the way, but we also get Brad Pitt, Rafe Spall, Melissa Leo, Karen Gillan and many more). But he also gives most of them permission to address the audience, either in voice over or by directly talking to the camera, sometimes to emphasise what has just happened, other times to flatly contradict it. And then, he wheels out celebrity cameos to give brief explanatory lectures.

The narrative is so totally extraordinary that this kind of approach does seem in keeping. Allied to this is the need for the audience to empathise with these people who – even if they aren’t quite as dumb or quite as venal as the rest of their breed – are nevertheless hoping to profit tremendously from an economic disaster which will ruin the lives of countless millions.

Sometimes this need to inject a shot of vinegar into the brilliantly coloured candy of the movie is handled clumsily, as when Brad Pitt is forced to lecture his two young neophyte investors about their inappropriate jubilation. Elsewhere, it’s more subtle. Early on, Carell’s team goes to visit homeowners who they suspect may have been sold vastly subprime loans. One resident is aghast to learn that his landlord has taken out the mortgage in his dog’s name and has not been keeping up the repayments. Later, the same family is seen living out of their car, which passes without comment.

However, the overall approach boarders on the hyperactive, like an over-excited child always eager to show you yet another new thing and get another reaction out of you. And this creates some disappointingly unintended consequences. McKay is rightly careful not to allow the material to become sentimental, but when Steve Carell’s Mark Baum finally breaks down and talks about his brother’s death to his wife, McKay can’t bear to let the camera rest on his face, and so frantically cuts around the scene, slathering music all over the top. Not only does this mean that Carell can’t show us where the character actually is, but in a movie with precious few female characters as it is this robs Marisa Tomei of her only scene with any emotional power at all. There’s a whiff of misogyny from other quarters as well. Margot Robbie shows up as herself to explain one financial concept – naked in a bubble bath. Male cameos tend to be experts like Anthony Bourdain and Richard Thaler who are allowed to keep their clothes on. All of which suggests that the movie wants to celebrate these awful lifestyles as much as it would like us to think it’s being fearlessly critical of them.

And more familiarity with the true facts tends to breed contempt. When Gosling turns to the camera after one of Carell’s more outré moments and cheekily tells us “This is true – Mark Baum actually did that,” it’s great – until you realise that Mark Baum is a fictional character and while a man called Steve Eisman is said to have uttered the words which Carell used, his backstory has been completely rewritten for the sake of the movie. Should someone else have turned around and pointed that out too? I don’t really know, but I do know that the movie is pretty uneven, albeit also pretty entertaining.

Where does that leave us? Well, The Big Short ultimately I think does do a fair job of telling the story of the credit crunch from an interesting perspective, and the vigorous performances keep the bubbles in the champagne for the most part of the running time. It’s also great to see such an individual and unusual movie get a Best Picture nomination, even if not all of the experimentation worked for me, and even if it doesn’t actually have a hope in hell of winning.

Trumbo is rather more by-the-numbers and suffers from the same problem that plagues a great many biopics. By starting the action in the 1940s and following screenwriter Dalton Trumbo all the way to his return to the Hollwood fold in the 1970s, the filmmakers give themselves an awful lot of ground to cover, with the result that characters pop up and disappear and whole sequences flash by without really having the time to register.

The through-line of Trumbo’s battles with the Un-American Activities Commission (personified mainly by Helen Mirren’s Hedda Hopper) provides a bit of a thread for these sequences to hang on, but the feeling that this is a series of short films is hard to dispel. So we get Trumbo Picks a Fight, followed by Trumbo Behind Bars, followed by Trumbo Writes for Peanuts, followed by Trumbo’s Script Factory and finally Trumbo and Spartacus, but there’s precious little here that really resonates or illuminates.

What we do get, once again, are some bright performances. Diane Lane gets a little more to do than Marisa Tomei did in The Wife Part, John Goodman is marvellous as ever as schlock producer Frank King, Louis CK does great work as Arlen Hird (one of very few fictional characters), Alan Tudyk is criminally underused as Ian McLellan Hunter, Helen Mirren has great fun as Hopper and Richard Portnow seems born to play Louis B Mayer.

There are also some more recognisable figures resurrected. Director Jay Roach (Austin Powers, Meet the Parents) fussily cuts between old footage and recreated events, but can’t settle on a style for portraying famous people. Most successful is probably Michael Stuhlbarg, who summons up a little of Edward G Robinson’s appearance and manner, but makes no attempt at that extraordinary voice, and so creates a wholly believable character. David James Elliot makes a decent fist of John Wayne’s voice, but looks nothing like him and so comes across as an impressionist. Least successful of all is spindly Dean O’Gorman who has nothing of Kirk Douglas’s burly charisma – and the obvious parallels between Spartacus and Trumbo’s own treatment seem to have evaded all concerned.

But the dialogue is bright and breezy enough, and the film has one last Trumbo card to play – Bryan Cranston in the leading role. With his lean frame, Harry Potter glasses, Terry-Thomas moustache, Hunter S Thompson cigarette holder and Peewee Herman suit, he presents an extraordinary physical presence and Cranston fills him with manic energy and determination while gracefully aging him across the years of the film. It’s an amazing, precisely judged performance and almost makes the whole film worthwhile.