messy thoughts

Otha 2022-10-12 20:21:41

The plot is very tight and the cast looks good?

The shoulders of leaders: There is really no easy job in the world, Paulson's aura Max? Although everyone has tit-for-tat evaluations of Paulson, think about how well you can sleep if you are in that position ? The economy of an entire country may be on your shoulders. While watching a movie, I couldn’t help but think about deserting. Sitting at my desk, the big guys were overwhelmed with incoming calls. It wasn’t bad news, it was just questions and accusations. The class guy also hummed and refused to cooperate. Will there be such a moment when he thinks about spreading his hands, MD, I quit! You can't even find someone to scold. This is when you need to stretch your shoulders.

Black magic-like modern financial system: Paulson is said to be involved with them because he doesn’t want the outside world to expect the government to rescue these financial institutions. In fact, he has some personal considerations in his decision not to save Lehman. The problem is that he far underestimated the information and impact that the act itself might bring to the market. People suddenly found that the bank was unreliable, and no one would know the truth, and panic spread like a plague immediately. The foundations on which the entire modern financial system rested, trust and confidence, collapsed after Lehman went bankrupt, and everything was like dominoes. This is the danger of finance. This is a double-edged blade, or like a nuclear bomb, it can make you grow like a rocket, and it can also make you waste overnight. This is a dangerous black magic.

In fact, this is the second time I have watched it, and I have a better understanding than the first time, and some things can be seen more clearly. Worth revisiting!

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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.