Margin Call Best Quote by Will Emerson
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- čas přidán 28. 12. 2011
- A conversation between Will Emerson and Seth Bregman when they were driving back from Eric Dale's house.
{Warning} I DON'T OWN the copyright, It's uploaded coz I am totally agree with what Will is saying. - Krátké a kreslené filmy
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"Its gonna suck for a while, then you'll be fine"
Life motto
literally the quote for the next 6 months
For some people it sucks forever
@Jordan S Why? I wasn't talking about myself.
just what I needed to hear right now!
Words to live by.
It suddenly hit me on my third rewatch that Paul Bettany's accent is exactly what someone from England would sound like after living in NYC for ten years. What an astonishing performance.
Lol dude shut up.
he is a decent actor
Amazing actor
I also like the nice touch of him suddenly speaking much posher when he rings Dale's wife.
I can confirm; happened to me.
You cut the best part:
Seth, "You think we're gonna be wrong?"
Will, "Nah, they're all fucked."
Yes yes yes, exactly!!!!
Indeed!
@@erfho8y yes indeed
@@sgsurge9642 Indeed, yes
@Tmb1112 Sey Deedin
“ Half of the harm that is done in this world is due to people who want to feel important...they do not mean to do harm...they are absorbed in their endless struggle to think well of themselves. ”
- T.S. Eliot
Great quote, saved to my favorites
@1bigjohn11 yeah, the US government never means to do harm.
Mr j and s
Took the words completely out of my mouth..it’s only gonna get worse too. most people don’t even really care about getting rich, they really get off most on feeling important or superior in some way, regardless of whether or not they even are. see it all the time across industries, it’s basically just the adult equivalent of being popular in high school
The entire world is driven mad by guilt. When we forgive everyone including ourselves, the "endless struggle to think well of" ourselves is dispelled. It's the only way out.
One of the most underappreciated movies of this decade.
Without a doubt... smart, funny, well-acted... I could watch this movie every day for a month and still be entertained! That scene where Jared and Sarah are in the elevator with the cleaning lady is amazing and it is such a symbolic moment in that film.
But it's kinda like Office Space (I know, utterly different genre), it's getting appreciated more every year, in iconic territory. All the cuts on CZcams w/ millions of views. Also (maybe a bit like Office Space in this way too), you kinda _never_ get tired of rewatching the scenes. They never get old somehow.
Agreed
@@trysometruth If people knew how often stuff like "we can't get ahold of Eric Davis because we let him go this morning, and turned his phone off" happens, people would seriously question the nature of their reality. Most of the time that kind of thing requires a specialized knowledge that the general public doesn't have, so it is not considered news worthy (if news of it ever get outside of a company in the first place).
@@196cupcakehaha sounds right.
I love how, at the end of the film, Will shows us why he made more than $2,000,000 the previous year. He gets on the phone and sells, sells, sells. He is a stone cold killer.
I almost wanted to buy bonds from him during that scene! To be a good salesman you have to be someone who people LIKE. Too many pushy annoying sales people reading cue cards out there.
@@timb4248 The man had skills.
lamx
@Constantine And you have now gained my loss.
Its hilarious because he is so right. The ordinary people loved their mortgages and fancy cars they got because their property value increased, but they never looked behind the curtains to see how they can actually afford all that stuff. And he just sits there calmly and admits to fucking them, but they wouldnt want it any other way. You took the rise, youre gonna take the fall...
great accent by Bettany. You have to be a Londoner to know how subtle it is. It's a London accent but neither cockney or posh. He's what we call a 'barrow boy;' someone who got lucky by means of connections or wit or salesmanship. and he's got a little NY twang -- cos he's been working in NY for a while. I know a City guy who talks similar.
My sister use to work for the big banks in Canary Wharf. Not as a trader but an assistant for the execs. She saw a lot of people come through the doors and start at the bottom and work there way up. Even just admin jobs. If you’ve got the drive, good with numbers and good at sales. People can become a trader. I know it’s probably harder today. But that was back 15 years ago and a lot has changed since then. It’s a ruthless industry and she is glad to be out.
Cool. That was interesting to read (really I mean it). Cheers from Germany
Thought that's changed now. Everyone speaks like a Toff in finance, particularly the big corporations, no matter their background. Everyone looks perpetually sleep deprived as well.
We can say he got lucky and I guess there must be truth in that because not everyone gets to drive such a nice car just for being tough, smart and hardworking but to their credit, guys like Will are also those things. Tough, smart, hardworking. And lucky. It's all of it.
He turns on the posh when he gets on the phone with Tucci's character's wife in the beginning of the movie.
Emerson’s best quote is “Today my loss is your gain”, which he says to every potential buyer before screwing them.
Well, it's good that he's honest about it; he lost a big fucking problem, and they gained it!
buy my bag of shit!
@@Scorch428 Buying bags of shit is a great thing. Just get a garden and you will know what I mean.
"One man's loss is another man's gain." - true as it always was.
I mean...would wall street traders really fall for that ?
Favourite quote and something I always think back to on rough days like getting laid off:
"Listen, nothing I say is going to make you feel any better; its just going to suck for a while and then you'll be fine"
Kind of another version of "time heals all." I totally agree.
I’ve stolen that line many times. It’s not patronizing or try hard, and has the benefit of being mostly true.
And 10 seconds later he asks "Are you okay?"
And Seth says "Yeah, I'm fine."
Didn't take that long.
@@strategic1710 I'm guilty of stealing this line also. Its too good! lol
"The only reason that they all get to continue to live like kings is because we've got our fingers on the scales in their favor.
I take my hand off... well then the whole world gets really fucking fair really fucking quickly and nobody actually wants that."
- Will Emerson
To the moon!
To me this is the most profound sentence in the whole movie. The reason, all of this 2008 and 2020 is happening; people want to participate in the game because it is rigged. They want to be on top accepting somewhere deep down, they are better at it, so others will loose. Financial crisis come from the people, not from financial institutions. Now go watch Margin call and Wolf of Wall street. Look alt the people in the background. See their greed. Our greed.
Can someone explain what he means about the scales in their favor?
@@firingallcylinders2949 The actual capital circulating in the system is actually not enough for eeeeverybody to have a big house, two cars, expensive clothes, etc.
The financial system has been developing tools for "creating capital" out of thin air through the credit and debt system. Thanks to this artificial way of tilting the scales, people whose economic situation wouldn't normally allow them to afford a house or a car, can do so.
@@firingallcylinders2949 he means, they make money go form the poor to the wealthy.
My favorite scene in the movie. We all talk about how the corrupt big banks are to blame for all our problems but we never want to look ourselves in the mirror and admit we were all willing to go along with it as long as we profited from it as well.
what about the people who didnt profit from it? dumb logic. great writing getting normal people to doubt themselves lol.
Just to inject some truth here, i expect my bank to NOT be corrupt, or reckless with my money. I know a deal too good to be true when i see one, and i make sure to ask how they make their money. If "we are all willing to go along with it", then why don't ponzi schemes have more takers? Not just because you might be the one holding the empty bag when the music stops, but also because making an honest dollar is actually important to most people.
@Mike Gilardino Bullshit, the kind of people you describe were definitely stupid and reckless but THEY did not cause the crash. They were the victims. Yes they put themselves in vulnerable, stupid situations but they were preyed upon by banks and entities of real estate. You can call them stupid but do not forget they were victims of a predatory system. That is the point here.
@@Albert-fw2pr If you ask for money, I give it to you, and *YOU* fail to pay it back; causing catastrophic consequences... how are you "the victim of a predatory system"?? You stupid losers try to run away from any amount of personal responsibility.
@@suivzmoi Normal people are retards who are absolutely incapable of accepting responsibility over anything; which is why thy remain powerless losers who make excuses from the sidelines.
This is a great piece of acting by Paul Bettany
his accent is all over the place though, part London, part mangled New Jersey
No it isn't , his accent sounds entirely British because he's British, playing a character from Britain who now lives in the US. And yes I'm a Brit.
I'll say this as a half Brit/ half Irish guy, that when you spend time in the US your accent does start to wander in places and become Americanised for certain words. We end up with this Mid-Atlantic accent that you hear in this clip.
Afonso Varela he is so incredible in this movie...and in general. I feel like, more than any actor, he doesn't get the respect he deserves
It's certainly not a London accent - I wonder if he wass trying to give it a hint of American, like someone who's lived in New York for 15 years and pick up some of the accent - Like Christian Bale or Charley Hunman.
The guy playing Will Emerson would make a good James Bond villan.
He would make a good Vision too!
he basically does in solo
@@kevinmcnamara1443 Hrm... May have to see that.
Thats Paul Bettany ..the one & only THE VISION.. @JARVIS
Check out Firewall, with Bettany and Harrison Ford
"I take my hand off, then the whole world gets really fucking fair really fucking quickly and nobody actually wants that. They say they do but they dont."
"If you want to do this with your life you have to believe you're necessary" - yep. Agreed on that.
Makes the life so much easier.
It is a great advice no matter your line of work. If you do not beleve that what you are doing is neccesary, you ought to start shopping for new job.
"Do you you think we're gonna be wrong?"
"Nah, they're all fucked..."
jimboa20 and we ARE...
I watched this when I got fired. Made me feel much better. Landed a better job after 3 weeks. Many thanks to Emerson
A friend of mine worked for a French bank, during the financial crash hid under her desk every time the big boss came down to the dealing room and she was missed off the redundancy list. I worked for a Dutch bank. When the team I was in was laid off, we all walked out past the other desks whistling tune from the Great Escape and had a piss up in the closest pub.
Watched the full film last night. It’s powerful stuff. All performances are great, but Jeremy Irons is pure gold.
Most underrated movie in film history, and I'm not exaggerating
yes you are.
Most certainly you are. But its a great flick indeed, especially for finance drama enthusiasts.
An overrated underrating
The most underrated movie in history? Not by a longshot.
Required reading for Adulting 101 class, not to mention that this gem of cinematography also has Kevin, Jeremy and Demi. I keep this film in my top 20 of all times .... love being a capitalist.
You have to admire someone who sees the game for what it is and appreciates their role in it.
was going to like, but saw it was at 69
I don't admire someone who's full of shit and knows he's full of shit, but still blames other people for it, no.
He's a prick. And a deluded prick at that. That speech he gave is crap.
@@danielwesterlund1905 exactly. There is lending money and then there is what caused 2008. The Big Short gives a decent view of what exactly went wrong.
NO.
Seth: Am I getting fired?
Will: Yes.
Seth: Are you?
Will: No, I got an internship with the Avengers.
Brian J Malmsteen Derp! The actor plays a character in a film I like so I think he’s that character in every other film... hur hur!
@@twirlsandcurls9511 Shut the fuck up, incel.
The older I get, the more I understand and agree with the inflammatory quote. Especially the "play innocent" part.
Great movie. Very well written. Any of those scenes near the end with Jeremy Irons are just so strong. Masterclass acting stuff.
I just watched this movie based on these clips. Absolutely loved it. Cannot believe I overlooked it for so long.
Big Short. Margin Call. Too Big to Fail. The trifecta of movies to properly understand the crash. Throw in Wall Street from 1987 if you want the precursor :)
When Vision no longer gives AF
Out of all the financial films this scene is the most relevant important surreal accurate portrayal of how things are .
Yep
I'm not in the trading industry, I'm in the tech industry. My job is moving financial transaction logs for audit purposes. I've seen what happens on the trade floor at the beginning of Coronavirus and it was not pretty. So many transactions I had to verify. 60% of traders let go, 20% of my department was let go too.
@@bongboyz6468 - Sorry for the late response, as the financial system gains complexity it also grows in frailty. It’s made of paper, figuratively and literally. I’m OLD, and as I get older, not that I can get much older, things come into focus.
One friend of mine spent his whole life living on a bicycle and living out of a book bag roaming the planet. I think about him a lot. He was never a worker bee. Never chased any goal, just lived his life. And here I am chasing a doughnut on a fishing rod.
One of my ex-bosses was just like Will Emerson in this film: approachable, frank and honest. I would have walked across hot coals for that man. Rest in peace, sweet Andy.
Had a great boss like that once.
Fast forward 10 years, am I getting fired??? YES, almost CERTAINLY yes 😂 how history repeats itself...
history doesn't repeat my friend, it rhymes...
I'm sorry you're getting let go. I was let go too. It's comforting in a perverse way to imagine that history is repeating itself and to hate on the market. But the fundamentals were strong before COVID-19 happened. I won't list them; you can look them up yourself. Just understand that the crash we're reeling from at the moment has nothing to do with any fragility of our way of life -- unless you want to argue for a system that could withstand a monumental incident such as this pandemic. Good luck with that, there's no such thing aside from options that would neither accommodate nor facilitate the standard of living we have.
@@bws1971 Taiwan had such a system. South Korea created such a system super fast. A lot of countries were prepared or adapted very quickly. America cares more about the money than our people. It is what it is.
@@johnlee2238 No
@@bws1971 We would rather let our people die than use our money for testing. We have idiot governors encourage workers to go to work because it will "hurt the economy". Our idiot president wanted to open the economy back up in Easter when the numbers are rising but the health care professionals convinced the clown to keep the stay at home measures in place. Hilarious. The whole world laughs at us.
I was in this line of business before. Very nostalgic. I can even smell the air on every scene, the empty trading floor, the smoke on the rooftop, the front of the building at 6am, the nightclub after work. Everything on this movie, I can smell it. Back then, I even knew that what I do is wrong. But I was young and the money is easy.
You knew it was wrong and did it anyway. Integrity means something, somewhere. Just not in finance.
@@JM-db8ez lol, yeah, along with some other things too...like I said, I was young.
What do you do now?
@@Raphie009 now I'm just a boring accountant. Living a boring life...yet, it surprised me that somehow I felt comfortable this way.
The money was easy? Were u a Goldman janitor? The money is good but not easy.
Wow this movie is more relevant than ever given current markets.
Stephen McLaughlin Not remotely relevant. The investment banks created the housing market crisis on their own and were crumbling internally with the subprime greed and the CDO’s. Whereas, a major health concern is causing the markets to collapse now. One has absolutely nothing to do with the other.
@HRH President of Tattooine Both are true. The markets were in bubble territory - there was no guarantee that collapse was imminent, but if it wasn't the virus it would've been something else that lit the fuse.
@Slewed Dock Moron. Like comparing apples and oranges. Banks today are massively well capitalised. But you see numbers in the red and say "hurrr Durr bad thing is bad, nasty bankses blah blah". Educate yourself.
This entire movie is absolutely brilliant, but this scene in particular is so amazingly well done.
when people talk about greed they almost always absolve themselves.
No one allows themselves to believe they’re doing wrong.
This movie is so underrated
Best quote it’s just gonna suck for a while and then you’ll be fine.
That’s life.
Absolute truth spoken here.
BULLSHIIIIIT!!!!!!!!!
Samuel Bowling curious as to what makes it bullshit
its the best..love the truth.. it hurts me almost everyday to a degree, but i will take it over the alternative.
at the very least it'd be refreshing if there were honesty in the review of this financial crisis: Is it really only the supply side that is to be blamed for the financial crisis? Why is the demand side absolved of guilt? e.g. if you need a NINJA loan (if you have no job/income) to buy real estate, why are you buying real estate? It's not just the ethics of the financial institutions that need to be put in to question.
I am in electronics, my goods and services I provide for a very small part of this world is dependent in people gazing at a screen, or rideing down to their favorite vacation spot. We like playing God by thinking we have to be in control, and we don't. We could go back to the jungle and stop destroying it, or when can ride this out untill the world blows up. Either way. You. Me. Them. This. Is what we do. And its nasty, but no one person or company is going to give up everything to farm for themselves and hunt for themselves. Why? Well my excuse is that I was born into all these games. And I play by these rules. I gave up everything to be here, and I will help this world put a knife down its heart so we can begin a new game.
"am i getting fired"
"i dont know....most definitely yes"
.....
" are you?"
"no."
hahahaha
You forgot "But it's not what you did --you were just in at the wrong time, and the new ones are the first to be let go."
I cant believe they fired me. You havent even been showing up to work and you get to keep your job.
Peter: Actually, Im being promoted.
WHAT? :P
yeah, I know, Michael. its completely unfair
Scorch428 Office Space FTW
*almost
Will Emerson was a tower of strength in that film, so natural,
he would do just fine in any role he is the undiscovered star.
What. Paul Bettany is not even remotely an undiscovered star.
Truth is like poetry and most people hate poetry.
-Quoted by a random dude at a bar in Washington D.C. (True story)
"Truth" is a distraction digging graves for the few still free.
I just can’t get enough of this, awesome
Cult movie!
Very underrated film that still holds up even in today's market environment.
This is a truly incredible script.
You want me on that wall, you need me on that wall.
The few good men
And just like Jessup, it’s just a rancid son of a bitch trying to excuse his bullshit.
I seriously loved this movie.
Love this scene, perfectly said and perfectly foreshadowing "Eric's" monologue re: the bridge he helped create to symbolize worth.
Actually this scene occurs as they are returning to the office (after the bridge conversation). Still a great speech by Will though......
But some people like taking the long way home.
I was watching that scene, and as a truck driver I was like “Hey I know that Bridge!” And it does cut a lot of time and miles!
He was 50% right.
Great scene. Distracting that the sun keeps changing position but really good.
Good job by both actors. Good writing and cinematography, also.
watching this, it did occur to me this was a special moment in the film
Nothing is better than a swearing JARVIS. :P
+Wang Eaton JARVIS is tired of serving Tony Stark, so he left Tony and joined an investment bank.......
+Jiye Ren Short 50 mil on Stark Industry.
He'll always be Geoffrey Chaucer to me.
ahahah
@@jculver1674 "What are you doing?!?!?"
*I'M TRUDGING!*
This is what happens when you put together a great script and give best-in-breed actors a sandbox to play in.
The stock market/Investment community/ Wall street is like playing musical chairs; When the shit hits the fan, somebody won't have a seat. And that's a fact!!
that's pretty much how it works in stock. someone's loss is another person's gain.
Its more like reverse musical chairs. Where theres 1 chair and 10 people.
Or anti-musical chairs. Normal game, but the people that get a chair suffer, and the 1 person who didnt sprouts wings and flies away scot free.
Its only when the tide goes out that you see who's been swimming naked - Oracle of Omaha
@@MassDynamic in risky stocks yeah sometimes, but buying and holding blue chips for a couple years is usually always a net gain.
@Tyler Durden or if the entire world economy collapses. all governments reset their currents and wipe our debt. afterall , its just numbers.
Best quote I ever came across with
Interesting this scene was shot on a bridge, after the whole conversation with Eric Dale
That's not a coincidence.
I never realized that
What does it signify?
@@karanjain5728 Dale mentioned that the bridge he helped design that was eventually built in I want to say...West Virginia...had real, quality effect on peoples' lives. It cut travel time between two geographically close towns that were separated by a river down to almost nothing. Millions of gallons of gas/diesel saved, time idling in traffic down... Basically it was a contrast on how everything he's done in financials has essentially been aiding people like the suits at the firm and doesn't really create anything valuable in the end. All of the east river crossings from Manhattan to Brooklyn and Queens are grand structures that were built over a hundred years ago and are still providing value every moment of every day. They qualitatively and quantitatively made the city a better place.
truth is bitter
This is true...never looked at this way.. Thanks
Best scene of the movie that isn't just lines in a movie script. Fractional reserve banking and cronyism is empowered by the average day person who lives beyond their means in apathy.
zazszdzfzgzhzjzkzlzx Exactly this. When the crisis appears, everyone is ready to point fingers and burn the bankers at the stake, and sure, some are liable for it, but the whole system exists because normal people want to live a life they can´t fucking afford.
+Richardsen you said it best man
*****
Thanks. I was a bit upset when I wrote that, I guess that made it precise and to the point.
the average person definitely bears some of the blame, but if you read or watch the book/film the big short, it's clear that the banks and ratings agencies bear the brunt of the blame.
MrsDalloway
It’s a 10 year cycle over and over again. History repeats
Cov 2 isn't a recession
@@streameant The recession will follow
@@streameant u dont think we have and will have a deep recession over this now? u must be mad
@@DarkoFitCoach operations will be back as soon as quarantine ends, so no losses of jobs, its just a pause, the thing is people will be more careful in buying.
@@streameant 17 million jobs lost in 3 weeks. so yeah, we wont be back
Hard truth, no sugarcoating. That’s why he was able to lift Thor’s hammer.
what a great film. very sharp.
Brllliant...and great acting
Straight forwardness like this is hard to come by.
Ever tried europe?
Sil' Huh?
@Alberto Fuijimori "Be quiet Albert."
Had to be done, open goal
More relevant today than ever.
Really good. Loved it.
Ohh well, April 2020 - here we go again
October 2027 - aooh shit here we go again
No this time theyre trading right through the collapse haha. Literally just all agreeing to make the numbers up. its insane.
But now I understand why they dont teach finance in high school...
@@Scorch428 GDP contracts ten fucking percent and somehow the S&P is still net-positive on the year.
Money isn't the problem. Money just makes it possible for people to be the way they truly are. If a person is inherently a bad person, money will make it possible for that person to harm so many people. To blame money for the way people behave is tantamount to blaming a gun for killing another human being.
Dino De Rosa absolutely...it’s the “love” of money that is the root of all evil...not money itself!
@@joshdudley3453 It's like opioid drugs. They're relatively safe as long as you "take as directed", but once you start gobbling them like candy, problems start.
@@joshdudley3453 greed
Money makes you more of what you already were.
vision knows what's up
Love this film.
Will is my favourite character in the film. PB is such a fantastic actor. Excellent movie!
You missed the best part just after, “you think we could be wrong? .... No, they’re f***ed”
y happy accident, 'Margin Call' began playing on iplayer as soon as another show ended (it rarely happens something so good seamlessly cues itself). I had no intention of watching, but was spellbound within the first 3 minutes. I'd heard it was strong, but it never renentered my consciousness. Zachary Quinto, Demi Moore, Stanley Tucci, and *whispers* Kevin Spacey - are impeccably suited to their roles, each on blistering form. Quinto's eyebrows alone merit an Oscar. Mr Jeremy Irons has never been more sinisterly charismatic. I'd rather not give Spacey props but, damnit, its one of his subtlest performances, rarely for him there's not a hint of ham! And Paul Bettany is scene-stealingly great - for my money one of the best actors of his generation. The speech he delivers in his convertible almost rivals Gordon Gekko's in 'Wall Street'. Perhaps the lack of expectation heightened my enjoyment, but it's an unusually taut and compelling movie. By far the best movie about the 2008 financial crash - it shits all over the 'Big Short'. Shame on me for having hitherto ignored it. Highly recommend!
Fully agree. Every line in this movie gives me the shills. Senior management meeting with Tuld is of course brilliant, I've always liked Irons delivery in his more hammy roles (especially Die Hard 3), and in the meeting he's Oscar level for sure. And Paul gets to shine in the scene above. His line about fingers on the scale is easily one of the best and succinct lines in the movie. It just perfectly sums up why the crash even happened.
Those two movies are wildly different takes and tones. They do not in any way compete for the same place. Almost a different genre, just same topic. I think you mean you like Margin Call far above Big Short, but Big Short is not a bad film by a long shot. Wording matters.
I was in my bed feeling depressed and anxious abt my future and being jobless, and suddenly i just thought of watching this scene for some wisdom.........and honestly, i didnt understand a single word he said!!!!!
Now I remember why I like this movie a lot
And we’re back😂
Actually you would be surprised to hear that culling usually starts from higher to lower. the most expensive workers are the partners/md and if you’re not performing or tenured in a struggling time you’re the first to go.
Analysts aren’t usually laid off at banks, if you’re are then the firms is seeing some real heat. Most analysts leave to pursue better options like MBAs, higher paying jobs, new experiences, etc after 2 years anyway,
Talking in perspective of a bank
My college roommate was an Analyst for Bank of America from 2006 - 2009. All the lower level Analysts were let go, and ruthlessly at that too. After hearing the stories of how the low levels were treated, I swore that I'd never do business with BoA, and still have that promise to this day.
Yeah that's definitely the one thing this movie gets wrong. The low level analysts actually often have pretty good job security since they don't get paid much and do all the bitch work no one else wants to do. Underperforming VPs/Directors are usually the first to go. Not that I'm suggesting that Will is an underperformer, I'm just saying that the Analysts don't get laid off first.
My favorite scene hands down
The comment where Will makes it known to Seth that he is necessary is what has enabled me to go from being laid off to working at one of the largest financial institutions in the world and know that what I do is needed by the broader market and that’s the best feeling I feel like you can possibly have in profession.
I think part of his point is that NOBODY had a problem with what they were doing as long at it was of benefit to them, but when it all goes wrong they (the financial institutions) are the source of all evil. A good parallel is the junkie and the drug dealer. You can argue that the dealer KNOWS his product is addictive and can do harm, and the junkie would never exist without him. But conversely...if the junkie didnt want to buy what the dealer is selling...that market wouldnt exist either.
In short...its everyone's fault. Remove either side of the equation and the disaster never happens.
Yup. The dimocrats (Charles Rangel, et al) pushed hard to put "everyone in a home", not realizing tha,t no, not everyone should buy a home. If your credit is f*cked, you might want to aim a little lower and get your financial act together first.
jeez.. im so glad that at least im a tad prepared for this recession
My favorite part of this scene is right after their talk, he turns into Vision and stops a robbery in below the bridge. Great movie!
Perfectly said man.
1:15, I kind of imagine this as a conversation between an angel and his minion, talking about humanity. The part where he says, if we take our hands off the scales and things get really fucking fair.. that part just hits me, every time I watch this video.
Like how all the Indian middle upper classes just realised covid affect everybody and not just the poor, and their uncaring and arrogant attitude towards the lower class are now coming back to bite them
Everybody that I knew that lived within their means and saved money came out of 2008 fine. The people that I knew that were taking out multiple mortgages, and borrowing and spending well outside their means got smashed by the crisis. The masses that were fooling themselves into thinking that they could live lifestyles they couldn't afford were (and should) be the people that get hit hard. The banks were greedy as well, and many Wall Street executives should've been sent to prison. But we shouldn't pretend that it doesn't take two to tango. If you live beyond your means, don't be surprised when shit eventually hits the fan.
So. It's kind of purge program
HOLD ON. Well ... the only problem to your statement is that the people who got these houses were given false information. They got variable interest rates that started really really low... so they thought they were getting a deal.... then the interest rate spiked to a point in which they could not afford.
So it’s more a case of they thought they could afford, and were told they could afford, but after signing interest rates were purposely pushed extremely high so they couldn’t afford your home. So you rent of 1.5k a month shot up to about 3k and didn’t understand why. I know because it happen to my parents... I’m an accounting major now because I was afraid to end up like them. And I wish death and despair on all the Wall Street crooks. BUT It did go both ways in some cases... but in a lot of cases people were just straight up lied to.
Yes, I remember. In 2008 I was even able to buy a house cheap and pay in full. Just don't go into debt as a general rule and you can get through anything.
@@daveman5933 If you are an accounting major, make sure to ask your professor what role government regulation had in creating the housing bubble, starting in 1977 with Carter, later Janet Reno threatening lenders whose racial statistics did not show an even number of minorities being extended loans, and then George W Bush's "ownership society" etc etc. We were supposed to believe the the free market failed, but was it really free? Left to make their own decisions, all the banks made all the same mistakes, all in the same industry and all at the same time? (Actually just ask yourself this. If you talk this way in college, you will get an F).
@@kevinmithnick9993 Nope. It's a programe to make money)
So much truth in so few lines!
Incredible scene and movie
I love that line "Life gets real fucking fair real quickly".
It reminds me of a retort I say to people who say "Life isn't fair" - Life is perhaps entirely too fair.
This quote is a very kind reminder I come to every time I feel myself buying some of the crap normal people say.
Yeah…. People don’t want to acknowledge there’s levels to this shit. Life isn’t as simple as they pretend it is
aw man you missed one of the best parts!!!! Seth asks him something like "You really think things could get better?" and Will's just like "nah theyre fucked"
lmao
“You have to believe your necessary…”-facts!
All of that is somewhat true. It's amazing how for a decade or more, they can sit around happy when things go right, and pretend they are all brilliant, but then turn right around, and when things go bad, blame everyone else for what is really all their own choices.
the best speach of the movie
This is so relevant today in 2020
@howlbigbadwolf It's about to get more relevant still...google Commercial mortgage backed Securities. 2008 was about bad securities made up of risky home mortgages. This time it's similar but also different. Now it's office buildings financed in the near 0 rate environment of the last few years, now having to be refinanced at todays much higher rates. But the property owners can't afford to refinance, because their office buildings are half empty. They made toxic securities out of these commercial property loans, just as happened in 2008 with the home loan mortgages that couldn't be paid.
Who had this recommended to them, & are here in 2021 because of AMC & GME? 😎
''you think they are wrong?''
''... no. they are all fucked''
AMC GME TO THE MOOOOOOON
🤣
All are to blame, none are to blame. A house of cards will stand in a perfect environment.
I was just thinking about this scene yesterday
so true. Like this movie.
My own take is that the general public are hypocrites. We blame the bankers for the financial crisis but we were happy to take on mortgages and bank loans because we all wanted houses and cars. We might act like these things should only belong to those who can afford then but the truth is that we are all happy to live beyond our means.
Now that it's all gone belly up we want to blame the bankers for our troubles, for being too reckless and lending too much. Great scene.
Alan Healy you are right but the general population also expect that these industries are regulated enough so whatever they are accessing is legitimate. That’s why we have government, that’s why we have regulators. That’s like saying an electrician doesn’t need to follow a safety certificate or regulations and someone’s house burns down while saying, well that’s what you get for wanting electricity you should’ve picked someone else. No, this shit shouldn’t be allowed to happen, end of
Conor S corruption is a human nature. We will never learn.
Conors answer is logical, however you are right in a vacuum with pure theory, however its not exactly right in regards to reality or how the economic system is run. In short, if there would be no debt built in to our system, there would be no money. No debt no money, no money no debt, that is the actual truth. I don't know the exact figure of the national debt of america atm but as you know it's rising every secon, every minute and ever hour like crazy, and that is done by the government and the banks themselfs. It's called economic expansion.. its all bull anyways.
@@conors4430 Regulators CANNOT possibly keep up with the innovation of the financial industry (actually, they cannot in any industry, I assume) and to say they should when they cannot is a failure to understand the most basis principles of ethics.
It's like saying there should be not conflict in the world. But there is, so adults have to deal with that and have no time for people who complain there is.
If you trust people who sell you financial products (or politicians who have ZERO BENEFIT from looking out for your interests) you are an utter moron and nothing can be done to save you from yourseves.
It's not that we wanted houses and cars, that's always been the case. We wanted the houses that were mansions, we wanted the BMW not the Ford, we wanted the great European vacation not the trip to the local tourist trap. It was all excess. That's the problem.
Anyone watching this given the upcoming recession?
Yup
I watched it a 18 months ago when financial experts predicted this would all happen within two years.
It used to be said that when America sneezed the world caught a cold. Now China has sneezed, literally.
@@AbbeyRoad69147 who predicted a pandemic 2 years ago?
@@rohitsharma1901 epidemioligists predicted that a catastrophic pandemic was certain within our lifetime. They made this prediction in the 1990s just like they predicted hurricanes etc. As for the financial collapse this was predicted regardless of any pandemic. But you have to be interested in financial affairs. Most people have no interest in finance. Everyone who reads financial news carefully got out of the market last year.
The Bottom Line Truth... .Thank you for posting !!!!
Amazing.