Tragedy Madoff

Dennis 2022-03-26 09:01:11

Although I can't remember what Madoff himself looks like, I feel that Robert De Niro's style is quite harmonious.

The movie is "Fraud Master", about the Madoff fraud case, which was crowded out during the 2008 subprime mortgage crisis. The amount exceeds $60 billion. According to some details given in the film, Madoff started this Ponzi scheme for 15 years, and if it hadn't been for the last mortgage crisis, it might not have ended.

The more exciting part of this movie, or to be more precise, the more interesting place for people who like financial markets, starts after the halfway point of the movie. At that time, Madoff began to cheat money everywhere in order to fill the hole. Some people get scammed, and some people find the problem. Although they couldn't say what the specific problem was, their keen sense of smell allowed them to escape. There was an old man who sensed a problem just by virtue of one illogical detail. It's all common sense at work.

Madoff's two sons, one committed suicide, the other died, this may be his greatest pain. He was sentenced to 150 years in prison, but he will get used to the loss of his freedom, but his two sons are gone. For Madoff, what is the room for relief?

The film is a biographical film, and there's not much to talk about other than the story itself. I have "studied" the Ponzi scheme more carefully for a while. There are things that are everywhere in life, but some luck is good, and there is no explosion.

How a Ponzi scheme collapses is a run. When all stakeholders make withdrawals at the same time, the Ponzi scheme naturally cannot be redeemed. And the bank, more or less, has such characteristics. No bank in the world can take out the money of all depositors at the same time. Many U.S. banks that collapsed in 2008 were run to death in this way, and they themselves did not have any fraud or investment mistakes, just because they were run.

(A lot of people darker than Madoff are probably still at ease. It's all about seeing who gets unlucky.)

Madoff and two sons

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Extended Reading
  • Emerson 2022-03-19 09:01:07

    Very good subject and cast, but the subject of the film is unclear. Such a topical and digging subject is almost smashed. The director must be back

  • Burley 2022-03-25 09:01:18

    The biggest highlight of such a lengthy film is Mr. De Niro's impeccable acting.

The Wizard of Lies quotes

  • Mark Madoff: You should trust me in helping with advisory. I can handle this kind of thing for you.

    Bernie Madoff: That's my business, not yours.

    Mark Madoff: Ahd what happens when you're gone?

    Bernie Madoff: I'm not having this discussion with you.

    Mark Madoff: I'm just asking you...

    Bernie Madoff: I'm not having this discussion with you.

    Mark Madoff: What is it, dad? Tell me. What is it? Is it that I'm not cut out?

    Bernie Madoff: Are you not listening me?

    Mark Madoff: Just be honest with me. Just tell me.

    Bernie Madoff: Do you not see what I have to deal with, the shit I have to go through on a day on daily basis?

    Mark Madoff: No, that's why...

    Bernie Madoff: The fucking shit that they put me through and fuck me all the time? Steal from me? Do you think you can do that? Do you think you can deal with that?

    Mark Madoff: Yes, I can.

    Bernie Madoff: I don't think you can deal with that. Bullshit, I don't think so. You can't stomach that stuff, that's not in you. Andy maybe, but not you.

    Mark Madoff: What? What are you saying... are you saying that Andy is... What are saying... that Andy is better at his job than I am?

    Bernie Madoff: Mark...

    Mark Madoff: I go to that fucking office every single day, I do the same thing that he does.

    Bernie Madoff: I gave you a fucking business to run, are you not happy with that? Wasn't that good enough for you?

    Mark Madoff: It is definitely good enough for me. I...

    Bernie Madoff: Then just shut the fuck up and give me a little of fucking grattitude and say "Thanks, dad". Can't you do that? What do you think, the whole fucking world owes you something? The whole fucking world owes you nothing! You gotta work for it! And I always said this to your mother. This is the problem with having money and education. Nothing is earned. You want something, you gotta fucking work for it!

    Mark Madoff: And you don't think I have?

  • [the Madoffs watch TV as they attempt suicide by Ambien overdose]

    Ruth Madoff: Can't we just have quiet?

    Bernie Madoff: I can't fall asleep unless I watch something.

    Ruth Madoff: You just took a whole fucking bottle of Ambien, Bernie. Sleep's not gonna be your problem.

    Bernie Madoff: My mind races.

    Ruth Madoff: Fine. Our last night on Earth will be you, me and Judy Garland. How romantic.

    Bernie Madoff: Let's not get started, Ruth.

    [Bernie takes Ruth's hand]

    Bernie Madoff: We had a good life, didn't we?

    Ruth Madoff: Hmm. Yeah. Until you ruined it.