Fat that can't be cut

Trycia 2022-12-15 22:22:10

(I just wrote down my rants and thoughts during the movie watching, it can't be called a comment)
1. "Hank has been borrowing money everywhere with his head in his hands..." This sentence is seriously poking fun!
2. We need a similar documentary to let everyone see how the Chinese government works, but I think this can only be a fantasy. . .
3. In fact, the United States is the same as China's powerful companies, and the CEOs are all old
4. China and Russia are the largest creditors of the United States. When bonds are sold, the United States will die. collapse. Compared with China, Russia is a ruthless character, but sometimes it is a bit mindless. . .
5. Americans do not have a favorable impression of British businessmen. When British people do business, they usually talk about nothing and worry about all kinds of things. Anyway, the United States and Britain have not been friendly for a day or two.
6. The British FSA played the Yankee and made Lehman Brothers decisively bankrupt. The United States is super sad, and it is estimated that it will be cursed in my heart.
7. Why did Lehman recite so little? The Fed did not go through the legislative process to save Bear Stearns, save AIG, and indirectly save Merrill Lynch, but gave up Lehman alone. . .
8. To understand the economic system of the United States, you must have a full understanding of its political system, in order to clarify their respective divisions of labor, and to understand the process of dealing with crises.
9. After 57 minutes, too big to fail finally appeared. It was talking about AIG
10. I still didn't understand, if companies all over the world go bankrupt, wouldn't they be on the same level again? How global integration. . How to deal with bad debts in the global economy.
11. I need a catch-up class on what the Republicans and Democrats stand for.
12. The Great Depression of 1930 is a subject that never ends, and the alarm bells must be ringing.
13. The Wall Street is a magical place, where the game between bankers and the government is always played.
14. Too big to fail. . I can say that Chinese companies have taken a fancy to this point before they have the strength to make it bigger. . .

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Extended Reading

Too Big to Fail quotes

  • Richard Fuld: [on the housing crisis] You know, people act like we're crack dealers. Nobody put a gun to anybody's head and said, "Hey, nimrod, buy a house you can't afford, and you know what? While you're at it, put a line of credit on that baby and buy yourself a boat."

    Joe Gregory: [chuckles] You heard anything from Buffett?

    Erin Callan: He's asking for preferred shares at 40, with a dividend of nine percent.

    Richard Fuld: [annoyed] We were just at 66. What the fuck?

    Joe Gregory: Maybe it's just an opening gambit, Dick.

    Richard Fuld: Sounds more like a goddamn insult!

    Erin Callan: Dick, we're at 36 right now. We haven't been anywhere near 66 in months. The markets like Buffett. His name will push the price up overnight.

    Richard Fuld: You know, I don't care who he is. I am not spending $360 million a year for the pleasure of doing business with him. Real estate will come back.

    Joe Gregory: Koreans have been sniffing around.

    Richard Fuld: There you go. And they won't steal us blind. I've seen this before: CEOs panic and they sell out cheap. Right now, the Street's running around with its hair on fire, but the storm always passes. We stand strong, and on the other side, we'll eat Goldman's lunch.

    Erin Callan: So what do we do about Buffett?

    Richard Fuld: Screw Warren Buffett.

  • Ben Bernanke: [Having breakfast with Henry Paulson] Lehman's down another 10%.

    Henry Paulson: You are not gonna let me get down a single bite, are you?

    Ben Bernanke: This is why I have oatmeal.