Economics
Obama Says ‘The Big Short’ Was Wrong: Wall Street Has Changed
- Financial system `substantially more stable,' Obama tells NYT
- Says Wall Street absorbing too much talent in math, sciences
Actor Steve Carell attends the “The Big Short” premiere on Nov. 23, 2015, in New York City.
Photographer: Larry Busacca/Getty Images for Paramount PicturesThis article is for subscribers only.
Reflecting on his economic legacy, President Barack Obama disputes the conclusion in “The Big Short” movie that nothing changed on Wall Street after the 2008 economic meltdown, and maintains that his policies have helped stabilize the financial sector.
In a wide-ranging interview with the New York Times published on Thursday, Obama bemoaned his fractious relationship with Wall Street, said finance is absorbing more science and engineering talent than it should, and speculated he might have gone into business if not politics. But he has little patience for criticism from business leaders.