BEST of MARGIN CALL #5 - Fire Sale Pep Talk
Vložit
- čas přidán 9. 11. 2019
- [with subtitles in English, French and Spanish]
"...and I can tell you from the experience that people are gonna say some very nasty things about what we do here today and what you dedicated a portion of your lives to."
- Margin Call is a 2011 American independent drama film written and directed by J. C. Chandor.
The principal story takes place over a 24-hour period at a large Wall Street investment bank during the initial stages of the financial crisis of 2007-08. In focus are the actions taken by a group of employees during the subsequent financial collapse.
The ensemble cast features Kevin Spacey, Paul Bettany, Jeremy Irons, Zachary Quinto, Penn Badgley, Simon Baker, Demi Moore, and Stanley Tucci.
- this post is for educational purposes only.
Copyright remains entirely with Very US Network, Lionsgate and eOne UGC.
- Olivier BOSSARD
Email: bossard@hec.fr
LinkedIn: / olivierbossard
Twitter: @olivier_bossard ( / olivier_bossard )
Facebook: Olivier Bossard ( profile.php?...)
HEC: www.hec.edu/Faculty-Research/...
All personal issues aside, Kevin Spacey is a PRO
This is why I laugh of people staying loyal to a business. If corporations were people they'd be psychopaths. One bad day and you're gone.
Say what you will... Kevin Spacey is a hell of an actor.
Agreed Shawn !! One of my faves
I miss his acting. #HeToo was bull that has deprived us of one of the greatest actors of our generation
I do have to say this ,,,but what kind of a "man" waits tables ?? That guy with the story was looking for a pay out...just like Ron Goldman
@@ericwsmith7722 you, sir, are an arsehole.
if people can't separate an actor's roles from their real life that's their problem. Nothing changes the fact this man is a great actor. Mind you, some of the money grabbing metoo's are good at acting as well...
I love how Kevin Spacey delivers that last line of the prep talk. "... for... the greater good". He had to get real with his employees for a second but still had to finish it with some bullshit generic optimistic line. And he truly emphasized it perfectly.
Yes, he says it so unconvincingly and not convinced himself! But probably he has to say it, because his boss is watching, and also because he has to end on some optimistic note to encourage his team.
I lived through that period of time. I had 8 house I was flipping, over 4 million worth of homes in the DC and Baltimore area, lost them all to foreclosure within a 2 year period. Lost my personal house, my credit, my cars. Moved into a townhouse and rented it for 4 years before starting to getting back on my feet again.
I learned a lot during the housing bubble, use credit wisely my friend, don't over leverage yourself.
can you teach me?
you deserved it, parasite
@@Pipo_Gaming start with a rich mom and dad
phok them housing bubblers, destroying america@@thegreatkwyjibo5529
Fair play for trying, but it's always too easy to overreach when borrowing is cheap and plentiful. I personally don't have the balls to have that much personal debt hanging out in the wind. I understand that if timing was different, you'd have come out massively on top, but I am risk averse with my money in a big way.
Time to bring back Kevin Spacey. He is too talented to be wasted.
The only thing missing was the fact that he didn’t knock his class ring twice on the table.
Yeah he did 4:00
Care to enlighten me?
Don’t get it
@@superwout house of cards
Michael-Paul Jenkins It is actually a real life trick that people use to show that they are serious. My teacher used to use it when he need to explain core concepts.
My favorite part of this scene is 3:03 when his boss, Jared, realizes that Sam has gotten the job done and he no longer has to supervise. He transitions from directly overseeing to moving behind the glass...no longer worried about how the meeting is going but still wanting to watch Sam work and listen to what he has to say.
Jason Reid
Excellent observation
You're reading the scene wrong. When Sam starts to get personal, Jared moves behind the glass to facilitate plausible deniability. You're absolutely correct that he is personally vested in what Sam is saying - but as someone as cut-throat as he is, he is always covering his bases. That is why Sam gives him the slight glance just before his speech. Look for it.
No, listen to the content of the speech. When Sam talks about the people destroying their careers from their actions that day, Jared moves behind a glass, showing the disconnect between senior management and the grunts.
@@orange555 correct. His role is actually a master class on exactly that.
I think both points are valid. I continue to be amazed how intricate this film is. Every shot is carefully calibrated. Chandor is brilliant. "All Is Lost" is also good.
BEST "business movie" ever. Having said that, the movie is NOT about a "margin call".
In a way it is though. The firm was insanely over-leveraged based on faulty risk models and had to liquidate its position prior to the inevitable drop in the value of its mortgage-backed securities to avoid certain bankruptcy. It was a self-inflicted margin call to save itself. For the market as a whole, this fire sale began a systemic margin call and any firm that could not cover its losses would be liquidated.
Well I suppose “Capitalism Sucks” wouldn’t be a big draw.
@@unvrknow22 Exactly, basically a giant margin call from the housing market itself.
It is not about a margin call because the sellers of CDS's (mainly AIG) were not required to carry loss reserves (essentially the same as margin) because of the hands off approach of Greenspan and the free marked advocates who thought sellers of credit insurance could police themselves. That ONE issue, the requirement for the sellers of CDSs to carry loss reserves would have prevented the whole mess.
yes the work ethique of the company is questionable here but investors did know before buying subordinated credit tranches what would happen if the underlying collateral stopped generating cash flow. You are getting higher returns because your money is the one first to be burned if shit hit the fan
The way Spacey breaks his strong tone on the last sentence is superb.
Spacey nailed this role. Knocked it out of the park. Shame he was blackballed by Hollywood.
I worked on Wall Street for a short time and knew guys Just like the Kevin Spacey character. As he said 34 years with the firm basically a lifer in the Business.
All the relationships with his counter parts at other firms that he cultivated, wined and dined and became friendly with will be gone at the end of the day.
This is heartbreaking to him and Spacey played it Beautifully.
Yea, I can dig that. But I have to wonder what you think of people who knowingly took peoples mortgages and created the "tranches" and such, creating "products" to sell to investors, that were a scam. A scam where the actual value of these "products" was shit. But it was shit based on the foundation of the entire US economy, the mortgage. Didn't these people get this?
theGhoulman Let the buyer beware. Nobody was forcing anyone to buy these mortgages. The crux of the issue is that the government put pressure on banks to make these subprime loans. And the ratings agencies turned a blind eye to what was in these instruments.
@@thadoc5186 No, but they went rating shopping to get the AAA. They basicly told their customers that this garbage was as safe as US treasuries.
So you are saying brokers sell ONLY good deals for whole 34 years? I would assume there are plenty of deals that you know are bad and want to dump at least once a year if not once a month.
Of course not to this scale, but you know you are selling bad deals once in a while.
@@thadoc5186 And who do you think controls the Government ? It's bribery in the form of paid speaking engagements. Who the f' really wants to hear these politicians speak for $200K per speech.
When you realize that none of the main characters have slept in over 24 hours and they're busy playing with the strings that run the entire economy.
When you realise that you keep giving your money to them anyway.
@@gracefool The economy was already ruined at this point. Everyone was in on this mess, some were more vulnerable, but nobody was innocent.
*Technically speaking the Economy was already ruined. The drop was coming regardless of what they did. The crime that they really committed is escalation. The action they take here pushes the due date for the drop of the Economy closer instead of later. The difference is that if they waited for the natural drop they would break out empty-handed with bills that still needed to be paid, this way they break out a few million in their pocket.*
Lol bankers pull all nighters every week, they're used to it
Seriously stop blaming corporations for a cultural problem. When the culture demands that everyone gets a house and politicians pander to that shit by backing sub prime mortgages this happens. Rinse repeat in various other sectors of the economy. Here's an idea get a skill, be financially independent. Don't be a slave.
I used to work on an equity trading desk and they nailed this fucking scene. Kevin Spacey did such a good job. The realism is off the charts.
"I've been at this place 34-years"
PHIL LEOTARDO: "Damn...I only spent 20-years in the can!"
I wanted a housing market...but I compromised
Hahahahah why the fuck a sopranos reference even here. This is genius
Carmella blew 40 grand in the stock market from the bird feeda
" we have accomplished much and our tallents, (doubt) have been used...( more doubt) for the greater good, here is your package get to work" what an actor.
"Your mother if she is buying"
So not true of Wall Street...he forgot to include widows and orphans!
Pretty sure people care more about their mothers than random widows or orphans.
Yes, those traders who are orphans cannot sell their packages to their mothers, they are at a clear disadvantage. However, a widow still can have a mother who could in principle buy some nice derivative packages.
@@missionpupa do they ?
pension state ??? 401k,,, ???
While funny, and not entirely untrue, this comment is exaggerated. Sam's (Kevin Spacey) point about burning the counter parties is well made. The traders long term prospects are built on relationships. They get hired, and get the big bucks, because they bring relationships with them. And if the counter-parties are bankrupted (Lehman, Bear Stearns, etc. etc.) then that is even worse.
This is why drama is an art form .
He removes his glasses. It’s like a barrier between the guy who knows what’s right and the guy who knows what’s right for the company.
You can see that persona change between when he takes them off and puts them back on again.
And not to mention he sits down at the table, it feels more personal and the inflection in his voice changes as he stands up and puts his glasses back on. Very strong body language in my opinion when he's trying to relay the gravity of their situation.
And then he tops it off by trying to tack on, “for the greater good”, a phrase everyone in the room including himself knows is nonsense. Brilliant performance.
Good catch! And glasses are something like a mask, both physically and metaphorically
Awesome catch, totally agree
Great acting!
that potential 2.7 million dollar bonuses were very generous. More or less 10 years pay for each of them. Not bad for 1 days work and allows them plenty of time to find or build an entirely new career.
Given that they are able to sell all the dog shit on their books.
There's no way these individuals, or the group, are hitting 93% offloaded.
The packets are designed to make that nearly impossible. *nearly*
They hand out their assignments and make sure 30% of those assignments are terrific "nothing". Just enough to make each individual doesn't make their quota - and if some do, despite this, it won't be enough for the entire group.
They will think they got a fair shake, and some of them will hit their quota - but that's because they will betray their packets and sell absolutely all of their stuff on the first two trades, calling in every favor they have. This is by design. They'll hit 70% in the first 10 minutes.
The next hour and half? Clawing your eyeballs out as your best friends firm takse out lines of credit to get the incredible once-in-a-lifetime offer you're selling, and you're just hoping they're snoozing that morning and not watching the news, or their chairs are making the same deal they are right that minute. You're also hoping you won't rot in hell, but you're just thinking about that money, and you'll make it up to them *somehow*... but you never will.
Some will hit - just enough for them to think they had a chance, but it will be by the numbers who hits - and they know who they're keeping after this, and they get the best assignments. The people who are leaving? Terrible packets.
There's a few exceptions - the nephew of the boss? He'll get a great packet.
The one whose father is an ambassador and has a legal team he can call? Great packet.
That underperformer in the back? Terrible packet.
The over performer you just don't like? Terrible packet - try to get more out of him.
That's how it goes. It's always somehow stacked - but hey.
You have a chance.
Oh and when your opposite desk Carl snipes the best part of your packet, or your best client? No mercy.
That sales room would be ugly and rightfully so.
A pretty big bone to compensate saling worthless filth.
1 to 5 years pay
It reminds me of something I read about the Great Depression "It's no longer a case of worrying if someone jumps out of a window, it's case of worrying if that someone is going to be you'.
This was US senators selling out before COVID-19 pandemic.
Except 2 weeks before that everybody expected this and profited with them.
@@sorsorsor11 True, anyone that didn't predict this back in late Jan just wasn't paying attention. If anything the government was lagging behind on this one.
*Republican Senators
@@samtrotter7177 When you going to realize that corruption is bipartisan?
If you think your party is pure, free, or less corrupt than the other, then you've got blinders on. Remember when Bernie put his group bargaining for medicine bill in congress and Cory Booker opposed it? Yea, you might have missed that a lot of Booker's campaign finance money comes from big pharma. Those politicians who rave on and on about getting money out of Washington, fighting for the people, etc? Yea, they're probably the most corrupt and they're projecting. You think Bernie is pure? You don't get to stay in the senate for 40+ years by being pure. He's probably just as corrupt as the rest of them. Think AOC is pure? Hell no, she's sold out to media matters to put out an agenda. You can tell because she says shit that she doesn't even understand, thus why she only does softball interviews.
Corruption does not know party lines. And if you think those politicians in Washignton give a fuck about you, I've got beach front property in Arizona to sell you. They care about staying in power. They care about keeping people down and docile so they can keep controlling you. They just use different means of doing so. Very few politicians (if any) actually care about their duty.
@@samtrotter7177 You do know the principle senators that were caught selling volatile stocks were Democrats right?
The acting seems perfect in this movie. The stars are perfect as expected of course, but even the rocket scientist Sullivan and the youngest rookie are on point. Even the rookie convincingly portrays the noob excited by earning big bucks for the first time and disappointed that it was all a dream.
Whatever you can say about Kevin Spacey, he was a hell of an actor!
When he has his glasses on, he's lying. When they're off and he's sitting, he's telling the truth. He puts them back on and is back to lying again. Beautifully written, directed and acted scene.
People talked about recessionless economies, endless growth, the end of boom-and-bust. We’d lived in summer so long that we convinced ourselves winter was never going to come.
Five years ago I was working with homeless veterans. One of the men I worked with had been in the bond industry back in this era. He'd had it all & lost it by age 40. The million $ bonuses, suburban NY address, trophy wife... After I copied his DD214 & wrote out my notes & set up a time to meet him again that week he went out to the lobby & got a pass to the emergency night shelter.
Thanks for helping.
When you are at the top and lose it all in one stock market crash, it is hard to go back to work from scratch.
Credit to Sam for working out a great severance package for his staff. He could have just said yes to management in the executive meeting, but would he get the bonus for himself or staff, that they finally got? Lesson: Negotiate or take a breath before saying yes.
“They will know, so you got to throw them a bone.” Sam wanted to make sure his staffs are incentivized to sell and not snitch. If they snitch, the party’s immediately over. You pay them to reach that 93% target, they won’t snitch. I think the character is not that altruistic.
@@awonoto Nobody in that business is altruistic...
@@awonoto You can tell the character feels bad about the situation and is being upfront. The 93% target is an incentive. They aren't worried about people snitching. They are worried about them not being motivated to sell as much as possible. If there was nothing in it for them and they felt they were going to lose their jobs anyway why would they burn their clients and rep. They would just sit on their hands
@@red2977 Bingo. No big bonus and they can keep their rep and pivot elsewhere in the industry. Give them nearly 3 mil and they'd take that for never working in the industry again.
The firm had become a house of cards.
Had not "become" in the sense it was recent- it always was. It just worked until recently.
@@bobbywoods684 I'd say it never stopped working. Anywhere with that much money and power, politics is inseparable.
@ Tom Cat - I see what you did there.
They were willing to throw anyone under the tracks to survive
Tom Cat “...It’s all going according to my plan...”
Pretty cool seeing Spock and Vision standing next to each other. :)
I am in awe of movies like this because these actors, directors, cameramen and the screenplay get the character, the tension, the hopelessness of the situation and the heaviness of the challenge ahead of them all so correct. This despite all of them being really far away from the corporate world.
Margin Call has some of the greatest and most gripping scenes I’ve ever seen, what a cast they managed to get
Any of us who were victims of the housing market crisis can’t watch this without being fascinated and have your blood boiling at the same time. I was one of the lucky few who had my mortgage modified and saved my home. Unfortunately, not everyone was so lucky.
I'm not a fan of his character as a person, but as an actor, wow! At 3:56-4:00, that pregnant pause right before "the greater good" was excruciatingly awesome to show that he doesn't believe a word he's saying that their talents have been used for the greater good! Brilliant!
I've never heard of this film until now. Spacey's acting is completely believable, as usual. One to add to my list. And it's always good to have list of films to watch, especially during a dry patch.
The Big Short is also excellent.
His hesitation when he says “our talents have been used for the greater good” speaks volumes.
Easily one of the best films of the last ten years. Amazing script and acting, and really nails the investment banking atmosphere of 2007 on.
There is no BGM, no suspense building, no hair raising choir, it's just the sound from the room. The chair being pulled, people moving around and the voice of the freaking great Kevin Spacey.
The legal counsel standing with his arms folded listening and watching will only make sense to someone who has watched the shareholder meeting and 1st meeting.
the fact that that video clip has 4M views and this one has 1.5M should put you at ease :)
I'm pretty sure everyone who's watching this clip has seen the movie, or at least has seen the senior partners meeting scene
Yeah that's how all movies work.
He removes his glasses to speak more personably to his co-workers, meanwhile the other guy stands further behind the glass to distance himself from them.
Anyone here watching this late March 2020 and seeing history repeat itself
eerie
Not because of negligence in the housing market but a mass pandemic viruses probably going to end up killing half a million to a million people. Bit different but same result
Panic now is mostly due to uncertainty and slightly overvaluation... Hopefully most of it is already priced into the market after the 30% drop..
@@dan_2584 it's gonna kill a lot more then a million people.
@@dan_2584 where did you get that number from? Simmer down!
When Sam says their "talents have been used for the greater good" and motions, it means "I know it sounds idealistic (but it's ultimately true)". On some level he believes it. In the same sense that Will describes it in his speech to Seth in his convertible, "You have to believe you're necessary. And you are... the only reason they [the public] get to continue living like kings, is because we have our finger on the scales in their favor...".
he doesn't believe a single word of it, and neither does anyone in the room.
@@MrLTiger That's cool. We can agree to disagree. No worries. ✌️
This film was interesting in that you really never felt bad for anyone in this film, as even the people who were fired were millionaires or were not doing any real job anyway.
This is so brilliant by Spacey, you really feel like he has been there 34 years and knows all the bullshit and how it plays out at that company, like he's part of the furniture and his word is gospel.
I bet Margin call 2 will be even better. Seems like economy will be there by 2022.
The Biden effect
The only false note here is the idea that these people were destroying their careers. Destroying other people's lives on behalf of 'the company' doesn't hurt your CV. It's the exact opposite. Refusing to participate would be the real blemish.
They were willingly and knowingly passing on assets worth mere cents on the dollar, if that, to unsuspecting clients to save their own skin and reduce their own damages to the highest possible extent, while at the same time driving an entire market into turmoil. Why would I, as a trader, want to maintain my business relationship with a person who tried to dump their own problematic assets on me? I couldn't possibly be certain about that person's honesty and professionalism anymore.
@@georges617 Obviously you lose the clients, but it doesn't matter as those clients are dirt poor now anyway. They can just get hired at a new firm and start from scratch.
I could watch Kevin Spacey read the public telephone directory. Tremendous actor.
Kevin Spacey is an amazing actor. His signature roles are devious, intimidating characters but he plays against type in this movie as one of the only characters with any morals or ethics. And the fact that he can wear that so effortlessly is a testament to his skill. Such a waste that he threw it all away
Also peter sullivan
Possibly the greatest pep talk ever.
That's whom you call a great salesman. His sales pitch to his staff is awesome.
Yea he sold them bullshit.
Sarat C no that’s a novice pitch. He didn’t sell them he made them fear the future. That does the opposite of selling someone... as in creating a solution to a problem.
He made them stay up for countless sleepless nights fantasying about the future
Margin Call is one of the best movies ever made. Notice there is very little background music to help create mood and tension. Just great actors who are being allowed to act.
House Of Cards aside: arguably this is Kevin Spacey's best acting.
"and our talents have been used....."
"for the greater good" Great acting
Will Emmerson listening at the end there like "Yep...that was a bunch of bullshit. But, hey, effective pep talk I guess..."
"After having blown up the world through greed-gambling with other people's money, and preparing to screw our counter-parties right through the floor by sticking them with our toxic waste, I'd like to think that the work we did here served the greater good."
2.7 million....after taxes would have been between 1.5 to 1.75 mil depending on taxes. Pay off debt, go back to school or chill for a few years....wait until the coast is clear and hit the floor running. Meanwhile work out and get in shape.
This happens a lot in many publicly traded companies. Sales people are told to dump product at fire-sale prices to make the quarter's numbers and to shift inventory off the books. Accounts get burned: customers buy more product than they need for the next year or more, at a fraction of the sticker price. The salesmen often have to quit, because they can't make a living at that company until customers have burned down all that inventory. So, they move on to another company and the cycle begins again.
I think you've got the dynamics all wrong. In your analogy, the company's entire inventory is going to self-destruct in 2 weeks. The sales force is told to get the product out of the warehouses and into the hands of customers who are going to lose their businesses if the prediction is correct. It's not a matter of being unable to sell until excess inventory is sold off, it's being unable to sell to any of their customers who remember what the sales people did to them.
"nasty things will be said!" So true..
Nasty things said... They should be in prison.
They left out the part, where the firm was shorting the market.
So, as the assets plummet in value, their short position makes them a fortune.
Good point, they were buying shorts even as they sold it all.
just like big short when they are finally willing to value michael burry’s shorts honestly because they also have a net short position.
absolute brilliance
I was disappointed re this
Ryan D you can do it too. Short, when you think the market going down. Buy when the markets going to go High
It took me a few viewings to realize this, but the guy standing against the window behind Spacey's character is the In-House Counsel (aka the firm's corporate lawyer) that has been in on the two official meetings about the problem (e.g. for about 6 seconds in this entire scene czcams.com/video/acbnyagl8jo/video.html ). I can only guess he's in this scene to make sure Spacey's character doesn't give his brokers any instructions that could be construed as advocating fraud or any other financial crime.
I don't think that's true. I think he is second in command.
@@ryanhughes1101 Wrong...if you had watched the whole file you would know that Will Emmerson (Paul Bettany's character ) is his 2nd in command. Thats why Wil gets called in before him.
His job was to observe and report back to the C-suit that he (Spacey's caracter) followed instructions. He's the watchdog.
Thought it was “The Mentalist”, who through shear intelligence, insight and the application of logic would turn the whole situation around with a smile on his face, making it all look so very easy…….
Just like that supervisor, watching for any surprises.
paul bettany's whistle noise at the beginning is making my dog freak out lmao
The older, the better this movie gets
This had to be worse pre-market meeting everyone in that room had ever attended
Not only are you guys and gals about to lose your jobs but you're actions are insuring you never get hired on wall street again... Good luck
"If the floor, as a whole, achieves a 93% sale, you will get an additional 1.3 million dollars, a piece." - this is the incentive that nailed it. Imagine how many of the elite top traders were making 55 phone calls an hour that day to cover for the rest. 3.5 hours of panic/rush to triple your net worth before it all ends
Had a meeting like this not long ago, got promoted to chief investment officer and in the process of liquidating the USA firm, the oil crash killed the oil contracts, not sure how the remaining oil contracts will play out but we had to pay heaps to exit some of them. Luckily I didn’t have to burn bridges
and then you woke up
@@scottchegg828 r/nothingeverhappens
That's what I told myself when I decided to finally clean the house...
3:30 "In some way I think our talents... were used for the greater good... somehow. Have faith guys."
4:01 "Sir, I'm staring into the abyss and even it refuses to look at me or acknowledge my existence."
4:20 *the economy itself starts crying in the background music*
This is some A1 acting. No music, no shaky cameras or sfx. Just good fucking acting.
great speech kevin is the best
What an awesome speech to a fucked up situation...makes me wanna sell stock.
Most companies don't give you the chance to leave with a golden parachute. At least they were honest about the chance of losing a job. And gave them a chance at a huge severance package at 2.7 million each. Insane, but shows how desperate they were to unwind and how costly holding would be
It has nothing to do with honesty or kindness. These guys know what it means to do what they did, they need to be motivated to destroy their own professional lives somehow.
@@Michael-kd1ho
They would destroy all their connections, and they'd most likely be fired that day. Probably explains the millions
the firm needed those shares gone with the quickness or the executives and shareholders die financially. Its not out of real kindness
@@Michael-kd1ho They were very honest. The money was for these guys to basically burn their customer base and probably end their career. If they didn't offer the money these guys probably would have just done nothing assuming they were going to be fired. Then they would go somewhere else and try to rebuild but at least their client relationships would still be intact.
Eye Candy!!! Always good to have it on a trading floor. Wraps up motivation and diversity...
And this is the so-called bonus culture in the financial sector.
Kevin a fantastic speaker
2:52 HEY BOSS!!! SORRY I'M LATE! THE LINE FOR COFFEE WAS CRAZY! GEEZ! EVERYONE LOOKS SO SOMBER!!! WHAT'S WRONG!? HAH. WHAT? THE WORLD ENDING OR SOMETHING!? HAHA! HAVE THEY PUT NEW MILK IN THE FRIDGE YET?
LMAO!!!😂😂😂
If it was a monday that be me 100%😆😂🤣
For a few, it was all about timing, buy low, sell high, get out before the bubble burst. Then, practically steal the very low priced remaining properties. Rinse, repeat, rinse repeat. God will judge the thieves, EVENTUALLY. And those who were too greedy, got judged. Owe no many anything (if possible). Great movie. Good comments in this comment section.
Bring Kevin spacey back. He’s a genius.
A masterpiece on acting
I feel like I was in the room with the other brokers...fantastic movie
Great movie;watched it twice and never get tired of the reality of it
WOW! Brilliant writing, brilliant acting this is powerful stuff
Nobody is going to mention how dark and creepy this scene is? It's the equivalent to a mad cult striking mass suicide
Kevin killed that meeting with such kindness
0:20 _"Now, I'm supposed to read this statement to you all here, but why don't you just read it on your own time and I'll tell you what the f*ck's going on, here."_
Good call. The "statement" was probably full of useless, corporate euphemisms like "synergistic" and "downsizing", "substandard quarterly earnings" and "management is curtailing redundancies in the workforce." He cuts through all that time-wasting bullsh*t and speaks directly from the heart.
Perfect representation of selling " that was one shitty deal " aka Goldman Sachs insider trading
In my old age I came to the conclusion that no one can "manage" your money or assets as well as you can. Some of us have paid an "expert" to manage our portfolios (of whatever kind) but if we are investing I'd suggest we learn to read a balance sheet and income statement. Start with the "Notes to financial statement" and then refer to the relevant or referenced in the statements. Buy shares of companies that make a product that you would buy or a service that you would trust. Buy shares of companies that make a profit, if the company isn't over-paying its own top management. Take a course in bookkeeping AND accounting and business law. There is sometimes a LOT of work involved in investing and sometimes financial managers are too lazy (too stupid) to do it but they will still charge you as though they know what they're doing. If you work hard to make money you should still be willing to work hard to keep from losing it.
why bother with that. invest in index funds for no fee S&P500 for example, It outperforms other investments in the long run. No one stock crash will affect it that much; but it rises with the market because it defines the market value.
After the speech, everybody knows, that the teamname has changed to "Suicide Squad" ..
Kamikaze! Do it for the emperor!
By all accounts this film is a realistic portrayal of this type of business and this particular crisis. The bonuses offered sound nice and straightforward (and corporate counsel is standing right there in the room), but can anyone here tell me how achievable they might have been? And would the traders have any way of knowing up to the moment how the entire floor was doing towards the 93%?
The clip closes with Sullivan and pal Seth Bregman exchanging looks, and Seth looking like he wants to flee the more he realizes Sullivan is in and he will be out. I sense that Seth would hope for the floor bonus because he's too hung over to hit the personal 93%, or in a gloomier outcome, he does so poorly he brings the floor down to 92.62%, and they don't round up.
And this is why they call Goldman Sachs, the Vampire Squid.
This movie is actually a reflection of the actions Lehmann brothers took.
@@shahedulislam94 I have to agree with Danny Long that this reflects Goldman Sachs. They dumped their position entirely by 2007 selling toxic assets and they started shorting the housing market. They survived. Lehman Brothers did not.
February 20, 2020 ......was A day in the stock market i will never forget
This movie one of the best..my loss is your gain !!
"We have accomplished much, and our talents have been used...for...the greater good."
The greater god...
MONEY.
Better be a rich asshole
than a poor asshole.
I like to watch this movie and The Big Short together, so that when the people who shorted the bonds in TBS are losing their minds that the price hasn't moved and accusing banks and brokers of unloading worthless shares, I can picture these people, knowingly selling garbage to save their own asses.
yes!! this gives us an angle from the otherside we didnt see in TBS. It was crazy to see how people justify this and are completely ok with it (i.e. the CEO) meanwhile Kevin Spaceys character understands the implications this is causing
And our talents have been used for the greater good...the greater good of the firm that is
Exec's and CEO's do not and never cared about Essential Workers.
You can’t see it but I’d like to think when he says “Here’s your packets, get to work” 4:00 that the two taps on the table was his fists, like Frank Underwood.
In the old days the peasants would storm the castle and the ruling class would be strung up in the street.
That didnt happen very often in history of mankind. most of the time the storming was done by peasants who were killed and killed for ruling class which stayed in power. maybe different people, but the same queens and kings.
And no one went to prison for either bundling individual mortgages that were never adequately assessed for risk to begin with and then dumped on the market with absolutely no way of assessing the risk as a bundle. Only greed was at play.
There's a small scene in Casablanca where the Inspector(Claude Rains) is shocked and closes Ricks Cafe for gambling/coruption, yet he discreetly receives his winnings on the sly. Makes me think of polictians ,no matter what party they belong to.
I want to learn how to whistle like that.
Man, the guy is one of the best of the best! He is the Lebron James of selling shit! Surely you don't just whistle like him without investing at least 30 years in your career as a whistler!
google wolf whistle. or spend you're whole life saying I want to.... your choice
No one whistling like that anymore due to Corona 🦠.
I found a video on youtube on how to do it, you kind of have to hold your breath, block it with you tounge, I tried so hard I almost passed out never could learn it