Prelude to the Financial Crisis

Jarvis 2022-03-24 09:01:45

24 hours a day, for most people, just move the clock slowly, filling it with work, games, and various activities. But in an investment company, 24 hours can change the situation.
In the grand building, HR personnel with straight suits and serious expressions rushed into the work area, cutting off the pace of work, causing a burst of panic. Everyone knows what this market situation means and the arrival of this group of people. According to the company's "Bloodwashing" plan, I am afraid that 70% of the entire floor will have to walk. Ordinary employees to supervisors, willing or not, the company has arranged a future for you. When the notification is issued, it has nothing to do with you. Such rapid and ruthless layoffs went very simply, and the people who stayed were only glad that they were still here, and they didn't even have time to mourn.
Eric (Stanley Tucci), the head of the risk management department, served in the company for 19 years and was unfortunately recruited. With the severance pay and resignation arrangement given by the company, he had no other choice but to say Yes, so he left sadly, leaving a sigh of relief. This is reality, this is the workplace. The environment and characters that were once familiar, and the hope and sacrifices that were once placed, are suddenly unfamiliar, and everything has nothing to do with you. Before leaving, Eric left the unfinished risk model data to his subordinate Peter (Zachary Quinto) and reminded him to "Be careful". After the HR sweep, the rest of the people enjoyed the joy of escaping death, but who knows how long it will last? The head of trading, Sam (Kevin Spacey), is depressed and has tears in his eyes. A person who has served in the company for 34 years has been used to all kinds of storms and experienced all kinds of layoffs, so why is he sad? The answer is his dog Elle, suffering from cancer, spends $1,000 a day to continue his life and is on the verge of death. He did not comment too much on the company's layoff arrangement, the survival of the fittest, various policies and personnel arrangements, all have their rationality and inevitability, the result of competitive choices! ! He simply skipped layoffs and encouraged those who remained. Few words, reasonable and motivating, he is indeed a senior executive, easily changing the atmosphere and calming the scene.
After such a day, it was finally time to get off work. Peter still has work at hand, so he didn't go to the bar with his colleagues to relax. "Be careful", why did Eric say that before leaving? Pick up the data, start researching, and even finish the parts that Erick left unfinished. The result was astonishing.
It's already past nine o'clock in the evening. He calls back his colleague Seth (Penn Badgley) and his boss Will (Paul Bettany), who are relaxing at the bar. Realizing the seriousness of the matter, quickly reported it layer by layer. Sam, the company's executive director Jared (Simon Baker), risk management director Sarah (Demi Moore), the company's internal consultant Ramesh (Aasif Mandvi) quickly returned to the company to meet to discuss Peter's It was found that the company's financial products have exceeded the scope of risk control. Under the leverage mechanism, even a 25% drop can cause losses that exceed the company's market value. It turns out that a huge company can also fail. At 2:00 in the morning, everyone present knew that a plan had to be made at this moment. Rhetoric and excuses are ineffective before the highest levels of the company. At 4 in the morning, the upper floors are in place. Peter explained that the decision maker, John (Jeremy Irons), as the leader of the business, knows that the most important thing at this moment is to sell the company's products. He lured Sam and arranged for the next day's sell-off - to survive, you had to find someone quickly to take it, whether it was a client, a friend, or even a relative you've been with for a long time. What morality, what peers, what the public, all give way. This sell-off is just the beginning in the face of the looming crisis, and only those who run fast will survive. Sarah is the scapegoat for the sell-off. Yes, she didn't have a choice either. At some point, no matter how high-spirited you were, your role at the moment is cannon fodder. The source of the news, Eric, a retired employee, was also invited back to the company to ensure that the information was not leaked. John's quickness, ruthlessness, and good use of interests, he achieved this position, except that he was either first, smart, or cheat, but more because of his grasp and foresight of the situation.
Seth, who had just escaped a wave of layoffs, also knew what was waiting for him at dawn. Will explained to him that "you just entered the wrong company at the wrong time. When the market is bad, it's easy for a newcomer to be used as a scapegoat." This is how people are tempered. Newbies, old people, this hurdle is not easy for anyone. The time moved to 7 a.m., and traders went to work earlier. Sam started his mobilization speech. When the market was not good, he needed to protect himself. He sold everything regardless of other people's opinions and evaluations. Sure enough, there must be a brave man under the reward. The task is successfully completed, bury your conscience, bury your work. At the same time as the sell-off ended, HR's layoff team quickly airborne, starting a new round of sweeping.
The drums sounded, and the flowers were passed on in the hands of different people. The moment before the drums stopped, he threw the flower out and saved himself. Who is the next unlucky one? Wealth doesn’t appear for no reason, it doesn’t disappear for no reason, it just moves. There are as many pompous winners as there are downcast losers. After narrowly winning a beautiful battle, the prelude to the war was opened, the company personnel were cleared, John promoted Peter, and a new opportunity to make money began to brew! !
Sam still has his job, and he knows he needs the money. All he has done for so many years is to make money. After a long and difficult day, he took the body of his pet dog Elle to the place where his ex-wife lived, and let Elle rest in the house where she once lived. He was really sad. In human society, in the workplace and in the game of money, he has too much knowledge, too much knowledge, and too much possession. The dog's selfless dependence and love, and others, seem to be easily lost.
The darkness before the storm. Three-dimensional levels, compact plot, straightforward behavior. The high-level executives quickly kept their wealth, put aside the Pandora's box, and let the wind and rain outside, howling ghosts and wolves, and mourning everywhere. No pretense, no pretense, and no justification. The essence of money, the greedy desire, the mission of profit-seeking, the rules of self-interest, the naked laying out, it is as simple as that, it is about making money, which is shockingly simple. Yes, people who know the rules, what they have to do now is still to make money. As Will said, they don't let themselves lose money, and they can do things that are impossible in your opinion. After all, they must be making money.
This type of commercial film can easily cause anxiety and heartache because of the greed and ugliness of human nature. Lamentation of human nature, lamentation of rules, lamentation of reality. After reading a lot, I know that in the commercial society, it is either playing or being played. The big waves wash the sand, and the sea has no time to sigh your feelings. Be complacent about what you have today, but who knows who these things will belong to tomorrow? Do your best for the company today, will you be on the list tomorrow when layoffs occur? Be open, see clearly, and take the initiative. Even in times of crisis, you won't fall badly.

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Extended Reading

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.

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