The rhythm of the film is tight, and it makes a documentary-like elaboration on the various response measures of the US Treasury Department in the 2008 financial crisis and the game with investment banks, so that people in the non-financial industry can have a good understanding of the relevant background and history. Endorsing "bail out" "Bear", "Second House" from the U.S. Treasury, bankrupt Lehman because he didn't want to leave the impression that he would use taxpayer money to solve the troubles of the bankers, and then had to continue "bail out" due to too much implication "AIG, and then the deteriorating financial environment, had to continue to take a series of measures to prevent "disruption of credit", including trying to promote the merger of investment bank and commercial bank, trying to buy toxic asset - "Cash for trash", and finally deciding Capital injection, the Ministry of Finance injected investment banks to obtain preferred stock to become non-voting stockholders, and to lend the money to the outside world through investment banks, but it seems that in the end, the investment banks did not help the Ministry of Finance realize the role of lending the money.
There are a few other points that I think are more interesting
People in the US Treasury are obviously very sensitive to expressions like Bail out/nationalization. As mentioned in the movie, Republican won't agree with nationalization, Democratic won't agree with bail out. Maybe it's because private property in capitalist countries is sacred Violations may also be due to the fact that American society is particularly sensitive to the restriction of rights. It is like submitting an application to Congress to pass relevant bills immediately after bail out without legislation a few times in the past. How to rationally use taxpayers' money, whether it is regulated, and whether the exercise of rights has gone through due procedures, the sensitive points in the United States may not have received substantial attention in China at present.
The banker's greed and Americans' hatred of bankers are very evident in the film. When the entire national financial system is facing a collapse, one of the reasons why bankers do not want to accept capital injections from the government is that they are afraid that the government will restrict the issuance of their own bonuses. In addition, when the TRAP bill could not be passed, the reporter asked the congressman: "What do you think they could do to change the bill to get a few Republican votes over to the other side?" "If they hang Wall Street CEOs, I think They would get a few more votes.” The group of people including the US Treasury Department are all from Goldman Sachs, so they are very sensitive and don’t want to be called “Government Sachs”. It can be seen that bankers and lawyers are not very popular in the United States. .
Some English expressions and dialogues that I find interesting in the film:
This is what the British said when they finally decided not to buy Lehman: "I don't want to import your cancer" The Treasury Department decided not to intervene and let the investment banks figure it out on their own: "Main street wants Wall street to pay"
An investment bank called another bank to ask about an acquisition: "You want to do this deal?" "No." "Then Why I was told to call you?" "I'm under oder to try and help you." "You are a prince, a real prince.”
The name of the movie is very interesting, too big to fail. At the same time, it seems to have another meaning of "to big, to fail", overleverage lead to bankruptcy.
View more about Too Big to Fail reviews
