The beginning of the 2008 economic crisis

Verlie 2022-04-19 09:01:49

The shopping mall is like a battlefield, it is very suitable to be placed here. The most important thing at any time is to make yourself survive first, and then make yourself live well. This is absolutely timeless for John and Judd, the investment bank bosses in the film. Yes, I would rather be negative for the market, negative for customers, and not let people negative for me. Eyes wide open, the real market, as well as society.

A Wall Street investment firm is laying off staff on a large scale. This situation is very common in the United States. Even Eric, the boss of the risk control department, is not immune. Just before Eric left, he gave his unfinished research work to his confidant. Under Sullivan, also told him "Be carefull". Just after the layoffs ended, there were more than 30 employees left on the whole floor. The boss Sam Rogers pointed out that these remaining people were the best and would only have a promising future. Therefore, under the leadership of the department manager Will at night, Everyone came to the bar to celebrate. And Sullivan stayed in the office at night and worked hard, especially the documents that Eric left him made him curious, the more he studied, the more incredible it became, and even Sullivan perfected Eric's research.

After discovering a huge hidden danger, Sullivan quickly called his friend Seth and manager Will back at 10 o'clock in the evening. Will immediately realized the seriousness of the matter, and Will immediately notified the boss Sam, Sam At first glance, it is clear that he understands, and immediately notified the leadership and the boss. Sam's immediate boss Judd and boss John were all present, and with Sullivan's introduction, the management understood how serious the matter was. All investment companies on Wall Street are using investment models, and the company's assets at this time have exceeded the critical point, which means that once things break out, the company will definitely go bankrupt.

Both John and Judd know what this means for this century-old brand, and they have been through countless storms, even if they betray all their customers. Sam couldn't accept this for a while, and Will supported his boss, Sam. Judd also wanted to bribe Will, but seeing that he couldn't, he kept doing ideological work for Sam, and even brought back Eric, who was fired from far away at home.

The crux of the problem was Sam, but in the end Sam agreed. It wasn't that he endorsed this approach, but that he cooperated with the company's interests first, not to mention that Sam still needed money, even if he made so much every year, he still needed money. Under the leadership of Sam, from the opening of the market to the closing of the market in the morning, Tom and Will led their subordinates to sell out the company's existing pile of junk bonds. In this way, the company still made a lot of money. It is estimated that each employee They can all get one or two million bonuses, but at night, they will be cleared. In addition, Sara, the company's chief risk officer, became the scapegoat for boss John and was ruthlessly fired, even though Sara had warned the company's top management that a similar situation would happen a year earlier.

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Extended Reading
  • Hans 2022-03-27 09:01:05

    More real, more star-studded, more compact than Wall Street

  • Rosalia 2022-03-21 09:01:49

    Judging from the style of the shirt, the creators still worked hard. From analyst to boss, what level of people wears what level of shirts, orderly. Not as good as Wall Street 1 is that, in fact, the screenwriter's understanding of the financial crisis is not deep enough, and the clearance is also a brushstroke. Too much inner drama weakens the penetrating power of a group of drama bones that may explode.

Margin Call quotes

  • John Tuld: So you think we might have put a few people out of business today. That its all for naught. You've been doing that everyday for almost forty years Sam. And if this is all for naught then so is everything out there. Its just money; its made up. Pieces of paper with pictures on it so we don't have to kill each other just to get something to eat. It's not wrong. And it's certainly no different today than its ever been. 1637, 1797, 1819, 37, 57, 84, 1901, 07, 29, 1937, 1974, 1987-Jesus, didn't that fuck up me up good-92, 97, 2000 and whatever we want to call this. It's all just the same thing over and over; we can't help ourselves. And you and I can't control it, or stop it, or even slow it. Or even ever-so-slightly alter it. We just react. And we make a lot money if we get it right. And we get left by the side of the side of the road if we get it wrong. And there have always been and there always will be the same percentage of winners and losers. Happy foxes and sad sacks. Fat cats and starving dogs in this world. Yeah, there may be more of us today than there's ever been. But the percentages-they stay exactly the same.

  • Will Emerson: Jesus, Seth. Listen, if you really wanna do this with your life you have to believe you're necessary and you are. People wanna live like this in their cars and big fuckin' houses they can't even pay for, then you're necessary. The only reason that they all get to continue living like kings is cause we got our fingers on the scales in their favor. I take my hand off and then the whole world gets really fuckin' fair really fuckin' quickly and nobody actually wants that. They say they do but they don't. They want what we have to give them but they also wanna, you know, play innocent and pretend they have no idea where it came from. Well, thats more hypocrisy than I'm willing to swallow, so fuck em. Fuck normal people. You know, the funny thing is, tomorrow if all of this goes tits up they're gonna crucify us for being too reckless but if we're wrong, and everything gets back on track? Well then, the same people are gonna laugh till they piss their pants cause we're gonna all look like the biggest pussies God ever let through the door.

    Seth Bregman: Do you think we're gonna be wrong?

    Will Emerson: [long pause] No, they're all fucked.