As soon as The Analyst Got Fired, The Company Went Bankrupt
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- čas přidán 4. 08. 2023
- "Margin Call" is a 2011 American drama thriller film directed by J.C. Chandor in his feature directorial debut. The story revolves around a 36-hour period at a large Wall Street investment bank and highlights the initial stages of the financial crisis of 2007-2008.
Main Cast:
Kevin Spacey as Sam Rogers
Paul Bettany as Will Emerson
Jeremy Irons as John Tuld
Zachary Quinto as Peter Sullivan
Penn Badgley as Seth Bregman
Simon Baker as Jared Cohen
Demi Moore as Sarah Robertson
Stanley Tucci as Eric Dale
Plot Summary:
The film starts with a mass layoff at a large investment bank, where the risk management division head, Eric Dale, is fired. Before he leaves, he hands a USB drive to one of his protégés, Peter Sullivan, and tells him to "be careful."
Peter examines the data and discovers that the firm is dangerously over-leveraged, holding far too many risky securities tied to mortgage-backed assets. Essentially, the firm is about to lose more money than it has, which would be a catastrophic failure.
Peter brings this data to his superiors, including his boss, Will Emerson, and senior risk officer, Sarah Robertson. The firm's executives, including CEO John Tuld, are quickly involved. Tuld decides that in order to save the firm, they must quickly offload all the risky securities in a single day, even though doing so will spread the risk throughout the financial sector and cause tremendous damage to the firm's relationships with its counterparts.
Sam Rogers, one of the firm's senior traders, is tasked with carrying out this fire sale. Despite his objections, he goes through with the plan. The firm successfully sells off the majority of the toxic assets, but the fallout is immediate. Counterparties and clients learn of the firm's deception and are understandably furious. Meanwhile, many of the firm's traders, including Seth Bregman, are left in shock as they watch the crisis unfold.
Sarah Robertson is made the scapegoat for the firm's failure to spot the risk, and is fired. Eric Dale, who originally discovered the issue, is rehired with a generous compensation package to ensure his silence and cooperation, despite the fact that he was ignored when it mattered.
The film ends with Sam Rogers reflecting on the morally bankrupt nature of his work, contemplating his role in the crisis.
Themes and Insights:
"Margin Call" explores the ethical dilemmas faced by people involved in the financial industry, and how their actions can have widespread impacts on society. It depicts the often impersonal and high-stakes nature of financial markets, where massive decisions are made quickly and have significant repercussions. The film also suggests that ultimately, those who make these decisions often escape the consequences, while those lower down the pecking order are left to bear the brunt.
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What really happened was that the company was buying groups of mortgages which were subject to discounts due to their risk profiles. The company then remixed the mortgages with slightly lower risk mortgages and got analysts to give a lower risk profile to the new mix. It was so profitable that as time went on the banks would accept lower and lower risk profiles. The mortgage originators could grant a mortgage to anyone or to higher income multiples (because they would sell it on within days) and with more people getting mortgages for higher proportions of their income house prices rose in relation to average peoples income.The more house prices rose the safer the investment was because there was more equity in relation to the mortgage. If you had the very risky bonds covering the top 10% of a house value if the house rose in price by 10% your bond was covered by 200% of equity by a 10% rise in house prices. When the market reached its zenith the risk turned around. The risk analyst was warning of the problem but all of the employees got bonuses based on the banks profits they made money if the bank won but did not lose if the bank lost. So they sacked the man warning of the problem and played the game for one more year.
People who took out mortgages knew this too, so they took out a second and a third - knowing they would walk away with a pile of money, let the foreclosure happen, and a live on ill-gotten gains.
The company didn't bankrupt. The title is misleading. Being the 1st to do fire sale does not mean the company went bankrupt. The company was saving herself. The last to sell is the one who bankrupt which is the Lehman Brothers!
What should be the Title then ?
@@DuneRecap 1) A rocket scientist ignites the financial crisis. 2) A rocket scientist starts a fire sale and blows up the markets 3) A company fires an analyst, then sells everything it has.
Agreed. Funny how the title(and uploader in implication) mirrors the company in the film.
I wouldn’t call it misleading, it’s just wrong.
@@Buddahmonk Yes! The video should be erased, the account deleted and the person behind 2024 sent to prison for life!!
This is a great movie, with great cast , and writing. Your title doesn’t really give a feel for what movie is about.
They do it to not be removed
In 2004, I put my condo up for sale in SoCal. It was sold to a person that had no stable job and no verifiable income. Back then, lenders were handing out NINJA loans......which got sold to a bank immediately.
The person that bought my condo defaulted less than two years after.
American greed at work here. This time, it was predatory lending to unqualified persons.....then turning and selling the toxic loan to big banks.
This movie goes very well with “the Big Short”. Same event from two different PoV.
As well as “Too Big to Fail”
Don't feed information of any kind to bots
And the Queen of Versailles
Too often we think "experts" know what they're doing. Every individual investor puts too much trust in their money managers and fails to do their own due diligence. It happens in almost every area: finance, medical, education, local government, all government, etc.
💯
Back then after a TV ad about refinancing and taking out “extra” cash to buy a car, take a vacation…..I joked with my wife that we should get in on the game too! But of course we just didn’t live like that. Honesty was first and foremost! Sigh….I’ve often felt since then that being honest only meant that we were the real losers over time. Sure, we paid off all of our debt many years ago, but compared to people who took many thousands of dollars in huge and numerous loans…in many cases they were the real winners in the long run. Their credit rating took a hit, but today it is back to normal.
Great movie. Every HS Finance class should watch it!
Margin call is a classic 👌 film.
Demi moore always in such roles
Completely false title; not only is Stanley Tucci’s character not an analyst (he’s the managing director of the risk management department), the entire movie is about the extraordinary, and both ethically+legally dubious efforts a top financial firm (cough Goldman) went to in order to survive.
I’m not sure I could come up with a more incorrect title than this one. Nice work
It’s “loosely” based on Lehman Brothers except they didn’t survive
@@Buddahmonk It's more the Goldmann-Sachs story than the Lehmann Bros one...
Your title is misleading. The firm did this to avoid bankruptcy.
The movie's studio did this movie also to avoid bankruptcy.
This and movie : The Big Short should be watched together. To understand it better 😅
Definitely! The Big Short gives one the working knowledge to be able to understand this movie (and a lot of the broader 2007 financial crisis)
@@jakebreedlove9619 it's like Margin Call is business side and big short is like customer side.
thanks for narrating.... do these moree please
Suggest me some more movies that you want ?
Seth asks Will on the way back if he will lose his job, and Will says, "Sure".
The Title of the movie is "MARGIN CALL"
Cheers!!!
They did not go bankrupt. The company was saved when they sold the toxic stock before the other firms found out what they were doing.
They would not survive for long as no-one will trade with them. They just need to hang on long enough for the directors to get their bonusses, then get bailed out by the government or sold to a competitor. This was what Dick Fuld (notice the similarities with John Tuld?) was trying to accomplish for Lehman Brothers, which we all know failed.
Corruption always wins.
@@troyrarehale2517 Nope, corrupt people die like the rest of us. They get diseases like the rest of us. Their greed allows them to be duped like so many others. Some victims take personal revenge.
Mortgage backed securities not stock.
wow what a cast
it has that guy who help Andrea Sachs get the unpublished Harry Potter manuacript.
Terrible Heading for the movie. "As soon as the Risk Manager Got Fired, The Bank nearly went bankrupt due to a risky strategy".
Great speech while the ship is sinking
No, it did not.
It was first out, cut its losses, let others go bankrupt, and is to be making huge profits in the future.
One of my top 3 favorite movies
What is the name of other two movies
@@DuneRecap the Big Short, Wolf of Walstreet and an extra movie, the Godfather
I would include The Boiler Room.
When people do not heed your warning and expertise, it is time to cash in and walk away.
Cash Out, change ur phone numbers, and carry on.
Patrick Jane finally wears a tie with his suit.
The movie doesn’t show if Will Emerson won his 1.3 million bonus for his sale, but Eric got his money for sure. It looks like, where everyone kept their jobs but loose money, Eric left the company with everyone's bonuses in his pocket.
Weak representation of some crucial elements.
just watch the show guys. save yourself from the confusing narration.
You didn't watch the movie, did you? I really hate it when people don't get their facts right.
Break this down
Employee has bad news for company
Employee fired
Fired Employee attempts to warn company
Company refuses to listen
Fired Employee gives bad news to employees
Employees finish bad news
Bad news causes company to go bankrupt
People lose jobs because company goes bankrupt.
(Add office politics to mix).
Do I have the movie correct?
No. Company didn't go bankrupt. Wiggled out of the mess they created and prospered. This video is a terrible summation of the movie.
Not even close. The risk manager was bad at his job and got laid off. He handed off a project he was having difficulty finishing. The smarter employee finished the project and presented the findings to management. Management verify his number. Then took action to sell off the high risk assets. Saving the company.
@@Dularr good for the company.
@@Dularralso wrong. As Zachary Quinto’s character says a few times, he was expounding on someone else’s discovery “most of this work is Mr. Dale’s”. And he never had a chance to present it to the company, and it’s implied he shared some of the preliminary findings with Demi Moore’d character, but to what extent is difficult to discern
@@jakebreedlove9619 the risk department failed because it got to this point. They should have never held onto risky assets they could not afford to lose on. The need to dump the assets was a total failure of risk management.
Did this movie ever make back what it spent on the cast salaries😮😮😮😢😢😢 thats all i want to know😊
The writers of the story should have did this. The Analyst already new the outcome of the but hide is by purposely not finishing the file for he got wind that he would lose his job. He hands an incomplete file to the young analyst and says be careful. Now fired he acts it out. Then hides out. Now all hell breaks loose and the company is looking for him. When they find him, they want him to come back in. He says, I already knew what the fire reported and that I would be let go. I have e=mails ready to be sent to every trader before the open of the market tell them not to buy from you. I want 50 million dollars sent to an account to stop this email from being sent out. If sent out, not one stock will you be able to sell. LOL!
Title is misleading as soon as analyst got fired while exiting he updated his collegue to complete his task
Shoulda let 'em sink.
Loyalty is not rewarded and decency is penalized. The Firm was willing to fuck everybody over, including their own people, to save themselves from the consequences of their own actions.
They never say the company went bankrupt and the markets would’ve collapsed whether they fired the analyst or not. Who’s writing these titles?
11:49 Is there any other reason to stay in a company?
Title is wrong and he wasn’t an analyst
What if Peter and Seth are the guys that contacted Eric in the movie Big Short
movie name!!!!
Marging call
they just had to put dogs death to it
The full movie is available on CZcams, free.
What is the title
Name of the movie please?
Margin call
Um, thanks for the AI-narrated plot summary. The purpose of this?
The title is such a clickbait
What is the movie title
Margin Call
Sandstorm by Darude
Jared is CFO I think
12:32 does anyone know what is being said right there? It sounds like "... she informs Sam that _"there-sins"_ (?????) company... What is that? Theresins??? I just don't get it, or is that supposed to mean "Bear Sterns" or something like that??? These synthesized voices in videos are such trash, it drives me nuts. Anyone know what that weird word is supposed to be?
Title should be:
“Incompetent risk manager fired because he nearly bankrupted the company”
He definitely didn’t have any responsibility for that; in fact, as he was terminated it’s revealed that he was the one that was on the cusp of revealing that the company’s trading model for MBS/CDO was irreparably broken.
There is not a single character in this movie that is not a terrible person.
Sure
Yet you enjoy the system they built up.
Your title is wrong on so many levels. The only two words that are correct are fired and company. (downvoted)
I know, right? Laughably, if not outright embarrassingly bad job
Margin Call is a fantastic movie! But this video was horrible; inaccurate title, bad description, flat unemotional computer like description of scenes.
Automatically dislike anything with Kevin Spacey
Why?
who has the rope?
👍
Movie based on 2008-2009 crash…
Whats with the annoying computer voice. It is so irritating
Lol. Who gets this worked up about a layoff?
AI generated crap.
Please teach your AI programmer to speak English.
Sam is correct, you never sell low
This movei had spectaculair acting.
You framed it all wrong in the title and as you described it. This is about mortgage leading, the bonds are technically assets however your narration would leave a first time viewer unhitched from the real story, in my opinion.