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

Margin Call quotes

  • Sam Rogers: How old are you?

    Jared Cohen: 43.

    Sam Rogers: Jesus.

    Jared Cohen: This is bizarre. It's like a... dream.

    Sam Rogers: Oh, I don't know. Seems like we actually may have just woken up.

  • John Tuld: Maybe you could tell me what is going on. And please, speak as you might to a young child. Or a golden retriever. It wasn't brains that brought me here; I assure you that.

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