Michael and one of his investors discuss Michael's plans in regards to shorting the housing market. They become surprised when they learn how much Michael has invested, and the likely outcomes from that money.
The narrator in the clip explains the impact of the stock market crash on the United States economy: millions of individuals lost their hard-earned savings, and unemployment rose to 25%. As a result, millions of families had to change the way they lived in order to survive. This new way of life was noticeably less comfortable than their old way of life.