'Margin Call': A Movie Occupied With Wall Street 🎬

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  • čas přidán 13. 05. 2021
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    Margin Call: A Small Movie Unveils Big Truths About Wall Street - Margin Call is a really nice movie, doesn't depict Wall Street 100% accurately (no movie does or will) but nevertheless is one of the most accurate depictions of any film I've seen. 'The ground is shifting below our feet and apparently there is no other way out!'
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Komentáře • 719

  • @ukspreadbetting
    @ukspreadbetting  Před 8 měsíci +5

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  • @derekfcc
    @derekfcc Před 3 lety +2104

    This is what happens in my head when the 12 shares that I hold lose 0.000005% of their value

  • @jshepard152
    @jshepard152 Před 3 lety +1936

    We had a similar meeting last year at my job due to covid. Very tense, a lot on the line. But if we succeeded at our goal, we could potentially get a Piggly Wiggly gift certificate redeemable for one free ham or turkey.

    • @onion111
      @onion111 Před 3 lety +38

      Same here but the incentive was a paid day for covid recovery and a washable face mask.

    • @ogrehaslayers605
      @ogrehaslayers605 Před 2 lety +12

      Honey ham?

    • @thor9294
      @thor9294 Před 2 lety +30

      Did you take the ham or the turkey, tho?

    • @cos66
      @cos66 Před 2 lety

      Gees that sucks man what if you dont eat swine ,and your a veggie

    • @jshepard152
      @jshepard152 Před 2 lety +8

      @@thor9294
      Turkey. They were out of ham.

  • @luisfernandez-izquierdo502
    @luisfernandez-izquierdo502 Před 3 lety +1827

    very impressive, let’s see Paul Allen’s fire sale now.

  • @kevinkasp
    @kevinkasp Před 3 měsíci +138

    The casting and acting in this movie is the highest level of any movie I've ever seen. NOBODY seems like they are acting, or speaking words they've memorized that were written by somebody else. And each character is a fully fleshed out personality. I am in awe of the acting in this movie.

  • @millionf1
    @millionf1 Před měsícem +60

    The meta point is that in his speech, he is selling words of encouragement that he knows are worthless in the very same breaths in which he is instructing his team to sell assets with no value. His motivational speech is itself a fire sale, starting with value and ending worthless. This film is an underrated masterpiece.

    • @seanquinn4787
      @seanquinn4787 Před měsícem +3

      I never considered that. Great catch.

    • @ImBarryScottCSS
      @ImBarryScottCSS Před měsícem +4

      I love this about it, that he tells them the facts and then tries to morally justify their role but fails hopelessly.

  • @curtc4918
    @curtc4918 Před 2 lety +120

    I love how the Simon Baker character partially hides behind the doorframe while Kevin Spacey delivers the bad news. Typical Fortune 500 empty suit.

  • @damianlee4822
    @damianlee4822 Před 3 lety +921

    This and the Big Short should be in the Horror genre

  • @IZn0g0uDatAll
    @IZn0g0uDatAll Před 2 lety +363

    You can see his sincerity, but that the one thing he really doesn’t believe is that their talent has been used for the greater good. It’s as if the words refused to pass his mouth. Amazing acting.

    • @88mphDrBrown
      @88mphDrBrown Před 2 lety +10

      Glad to see that you love Kevin Spacey and think he's a great person.

  • @michaeltreend3567
    @michaeltreend3567 Před 3 lety +418

    "You're through to Citadel how may I help you?"
    "Its a call for Kenny, tell him its Margin calling"

  • @ensiangtan
    @ensiangtan Před 3 lety +243

    Hell of an actor, how he portray the feeling of guilt and yet trying to keep the spirit up for the fire sale is really on point. 10/10

  • @Palemagpie
    @Palemagpie Před 3 lety +2009

    The most unrealistic part of this is where the company acknowledges that it'll negatively affect their employees

    • @David-vn4qu
      @David-vn4qu Před 3 lety +9

      What do you mean?

    • @scrow7752
      @scrow7752 Před 3 lety +175

      @@David-vn4qu in reality it would be framed as the company being as much a victim as the employees, in the hope that it would let them get away with throwing an office pizza party instead of paying out millions in cash bonuses

    • @johnl.7754
      @johnl.7754 Před 3 lety +81

      Well they got a 2.7 million dollar bonus if it’s achieved

    • @hamdankhan319
      @hamdankhan319 Před 3 lety +79

      @@David-vn4qu the companies never let their dirty deeds out in the open. Meaning in real life the employeez would also be bamboozled, only the CEOs get out clean outta this mess with big fat checks from the government courtesy of the taxpayers.

    • @thechickenduck8377
      @thechickenduck8377 Před 3 lety +14

      Hahahaha 1000%. Reminds me of any employer I’ve been with in any country

  • @thomaszajc7987
    @thomaszajc7987 Před 2 lety +40

    you see it throughout the film, but one of the best things about this film is when spacyes character is talking: when the glasses are on, its the executive boss, leading the team the company man trying to steer them through the rough. The glasses come off and its the human, realizing the gravity of what is going on, and is deeply affected by it. Man this was a great film.

  • @titaniumsandwedge
    @titaniumsandwedge Před 3 lety +63

    Very often a Wall Street firm must unload securities due to concentration of risk. A bookie does the same when he is lop sided on the bets. So when the sales people say "my loss is your gain" the buyer thinks a bargain is coming his way. So speed is of utmost importance. In real life this scenario played out recently in the Archegos margin call fire sale. Two banks, Morgan Stanley and UBS were quick to unload and still lost millions. Two other banks, Nomura and Credite Suisse were slow to unload and lost billions.

    • @fang_xianfu
      @fang_xianfu Před 3 lety +3

      I always took "my loss is your gain" - and everything else he says in that scene - to be hints to the people he's talking to. He outright says it, "this is a loss for us". He doesn't want to completely pull the wool over their eyes. But he's going to give them a steep discount, and if they're willing to play the game, if they think they can sell it on before the market is totally wrecked, they can make money too.

  • @KatsuKing808
    @KatsuKing808 Před 3 lety +62

    Citadel.. Kevin spacey is calling..

  • @bartok1378
    @bartok1378 Před 2 měsíci +9

    93% seems like an unrealistic goal. Just enough where they probably only have to pay out a few bonuses to the top guys. But just enough motivation to get everyone else motivated enough to sell as much as they can to achieve their bonuses.

  • @GabrielCsaba
    @GabrielCsaba Před 3 lety +92

    I could watch this movie and all of its clips a hundred times. In fact, I think I have.

  • @D.E._Sarcarean
    @D.E._Sarcarean Před 2 lety +95

    In reality, most of the top tier traders would have stood up and walked out. The offer he is making is: everyone gets a 1.3M/2.6M bonus, if you sell out all your contacts that took you 10+ years to make and guarantee you being black listed FOREVER. On Wall Street, most traders of this caliper make 5M+ annual bonuses.

  • @phillipstankey8881
    @phillipstankey8881 Před 2 lety +23

    1987 and 2008...the two times in my lifetime that the markets almost completely melted down....2008 was worse and I was more aware (worked at a ML branch) which made it even more scary

  • @genusrosaceous
    @genusrosaceous Před 3 lety +73

    My company is going through something similar right now. My department will be taking the hit first. We had the "some of you will be re-positioned in the company" conversation. Then, after the conversation, they noted how they expect us all to keep putting forth our best work until dooms day. Goodness, this scene is VERY true to life. For us, though, there will be no $1.3 million incentive--just a "thank you for you doing a good job" pat on the back, and that's all. :-( Please pray for me. :-( I pray to God we pull through.

  • @KhanivoreQniba
    @KhanivoreQniba Před 2 měsíci +11

    That whistle as if herding dogs tells you everything.

  • @desertlogic222
    @desertlogic222 Před 2 lety +253

    I know he’s done some shit but damn, Kevin Spacey is a hell of an actor.

    • @jaybeebabee
      @jaybeebabee Před 2 lety +5

      yeah just had the exact same thought

    • @D.E._Sarcarean
      @D.E._Sarcarean Před 2 lety +48

      Actually, he has not been charged or convicted for that matter for any wrong doing. His only accuser was deemed un-credible (i.e a liar) and upon subpoena, failed to turn over evidence.

    • @rmca11
      @rmca11 Před 2 lety +29

      @@D.E._Sarcarean Exactly, it's a pure witch hunt, plain and simple. In my eyes he has done nothing wrong until found guilty in a court of law.

    • @otakucat3827
      @otakucat3827 Před 2 lety +13

      I don't think he did anything illegal because the accusers never have any evidence or witnesses. Kevin Spacey basically had his career ruined because everyone just assumed he was guilty.

    • @siko1101
      @siko1101 Před 2 lety +5

      you must be a sjw snowflake. grow up, ol Kevin didn't do anything wrong

  • @whatitdo6287
    @whatitdo6287 Před 3 lety +483

    This is basically the entire cryptocurrency community at the moment.

    • @StNashable
      @StNashable Před 3 lety +6

      I was about to say the same

    • @TheSakufighter
      @TheSakufighter Před 3 lety +17

      Just think of the people who bought BTC at 60k

    • @MrDuewell
      @MrDuewell Před 3 lety +51

      good thing i have all my money in the tulip market

    • @whatitdo6287
      @whatitdo6287 Před 3 lety

      @@TheSakufighter Just the thought of that makes me want to barf 🤮 I'm buying now

    • @YourDadsBoyfriend
      @YourDadsBoyfriend Před 3 lety +7

      Every 2 years or so.
      The elites longest running ponzi scheme

  • @jrighteous1984
    @jrighteous1984 Před 3 lety +73

    When Citadel gets margin called !

  • @SellingEsperanza
    @SellingEsperanza Před 3 lety +803

    Watching this now because AMC and GME to the m00n 🚀

    • @bzz8233
      @bzz8233 Před 3 lety +42

      AMC TO THE MOOON!!!!

    • @kylesinclair5002
      @kylesinclair5002 Před 3 lety +20

      HODL
      🦍💎🙌🏻💎🦍

    • @PaulyV93
      @PaulyV93 Před 3 lety +18

      #WeOwnTheFloat

    • @andrewr2349
      @andrewr2349 Před 3 lety +8

      What a day today💎🙌🦍

    • @PaulyV93
      @PaulyV93 Před 3 lety +6

      @@andrewr2349 sheeeeesh what about today!!!!!!! 🤯

  • @PrimerCinePodcast
    @PrimerCinePodcast Před 3 lety +31

    Oh god we’re having a FIRE.. sale

  • @stephenr80
    @stephenr80 Před 3 lety +44

    My loss is your win today

  • @mikeycrist5086
    @mikeycrist5086 Před 2 lety +18

    If it were me, part of me wants to say "how could I do it in good conscience".....and part of me wants to say John Tuld is right; we are just selling the same thing we always have, to the same willing buyers. A dilemma. Then.....they wave 2.7 million dollars in my face, and the balance gets tipped!!!!

  • @grayden4138
    @grayden4138 Před 2 lety +12

    A seller is a seller; always. He's speaking like he's done this before when in the previous scene Zachary Quinto's character asks him if he's ever done anything like this and Spacey's character says "no" like a Captain whose telling his crew to sail directly into a raging storm during the calm before it. Who was he lying to? Quinto's character or the brokers?

  • @amitnagpal1985
    @amitnagpal1985 Před 2 lety +5

    The stark honesty was refreshing.

  • @besoamy1
    @besoamy1 Před 3 lety +69

    I doubt Kenny's speach will be as eloquent..lol

  • @JD-un2zv
    @JD-un2zv Před 3 lety +19

    Longest bull runs in history begin from the bottom of a big 'crash' , those having their funds managed are at risk, those that control their own funds typically become richer.

  • @vasilisneorun1700
    @vasilisneorun1700 Před 3 lety +6

    Great tension in the dialogues....very powerful and very well written & performed..!!

  • @paulorlando6087
    @paulorlando6087 Před 3 lety +10

    Notice how Spacey lights up when explaining the bonus incentive?

  • @aztechnology7996
    @aztechnology7996 Před 2 lety +4

    4:21 "but captain, I am unable to lie 🖖"

  • @isitjustmeorwhat9748
    @isitjustmeorwhat9748 Před 3 lety +10

    WOW....I THINK THE TWO GUYS AT THE END WERE THINKING "I WISH THAT I WAS AN APE RIGHT ABOUT NOW"

  • @sevencolours5014
    @sevencolours5014 Před 3 lety +9

    For the greater good! Cheers!

  • @jvolstad
    @jvolstad Před 3 lety +9

    Great acting. This is 2021 for sure.

  • @fitafries7274
    @fitafries7274 Před 3 lety +63

    On a side note - Mr Kevin Spacey is a great actor.

    • @alrom125
      @alrom125 Před 3 lety +18

      He’s a bad human but yeah he’s a phenomenal actor

    • @shaystern2453
      @shaystern2453 Před 2 lety +2

      @@alrom125 should not be judged as a human

  • @cfamick
    @cfamick Před 3 lety +130

    Spacey is so good, and this might even be his best performance because it's real.

    • @88mphDrBrown
      @88mphDrBrown Před 2 lety +1

      He's my hero, a truly great person. ❤💖💗💓

  • @seshadrianantharaman7676
    @seshadrianantharaman7676 Před 3 lety +31

    this movie is so good because of the finer details... 0:12 - that expression says it all... give that man an Oscar

    • @hamdankhan319
      @hamdankhan319 Před 3 lety +5

      Idk, looks like a random Eastern European dude working in finance. The all have dead serious looks.

  • @ramanaidu9605
    @ramanaidu9605 Před 3 lety +22

    Now that I have done my finance classes, I really understand the gravity of the situation!!!! The sheer pressure and knowledge that your career will have a downwards sloping graph from this day onwards and having to do that activity that leads to that with with commitment. That is the toughest thing to do.

    • @laserflight
      @laserflight Před 2 lety +1

      The problem is if a few do this, they stain everybody's carreer. So the way out is to join in and get the bonus atleast

  • @redshift3
    @redshift3 Před 2 lety +11

    "We have accomplished much and our talents have been used for the greater good." Ha ha ha

  • @terrywilma
    @terrywilma Před 3 lety +14

    One of the few great movies recently among mostly violent and superhero movies.

  • @weirdshibainu
    @weirdshibainu Před 2 lety +29

    4 years ago, I was part of a corporate downsizing. I knew it was coming for months, just not the exact date. We were assembled in a room and given the smoke and mirrors treatment. We were given a generous severance package separately and individually. My manager and H.R. rep started to give me the canned speech. I cut them off, asked where I needed to sign. My manager walked me to my office and asked if I needed a box for my personal effects. I said...I knew this was coming...all I need is my keys and wallet. I walked out with my severance package. On my way out, I saw people in tears. I just don't get the drama of getting downsized, especially when you know it's coming.

  • @ericpowell4350
    @ericpowell4350 Před 2 lety +9

    Kevin Spacey is an amazing actor.

  • @stephenr9194
    @stephenr9194 Před 2 lety +9

    I've seen this movie half a dozen times now and it never gets old...

  • @SellTheBenefits
    @SellTheBenefits Před 3 lety +61

    2021: Margin Call the Entire US

    • @nathanfaceyahoosux
      @nathanfaceyahoosux Před 3 lety +1

      I keep wondering if that’s going to happen. Or if things will kind of limp on in fits and starts every so often. Crazy times.

    • @tonylaskowski8074
      @tonylaskowski8074 Před 3 lety +1

      Got that right.

    • @0daadaadaa0
      @0daadaadaa0 Před 3 lety

      Dont hold your breath - they said the Gamestop thing will change finance forever.

    • @hamdankhan319
      @hamdankhan319 Před 3 lety +2

      @@0daadaadaa0 it did. We know that the government is still in cahoots with Wallstreet. It was never about money, it was about sending a message, which it surely did.

    • @SellTheBenefits
      @SellTheBenefits Před 3 lety

      @Paul Flusk You’re on to something. Safe havens the next couple years? Silver, real estate and no debt.

  • @Rasbiff
    @Rasbiff Před 3 lety +9

    At the end he gets up and puts on his glasses. That's his signal to everyone in the room that "all I'm saying from now on is bullshit."
    "... And our talents have been used... *trying to get the words out*... forthegreatergood. Here's your packages." *leaves*

  • @siquanwu3131
    @siquanwu3131 Před 3 lety +29

    Regardless of his personality and predatory behaviour, Kevin Spacey is one of the all time greatest actors, period.

    • @grigturcescu6190
      @grigturcescu6190 Před 3 lety +4

      He is. I'm so angry at him that he couldn't keep it together and robbed me of his genius onscreen. I guess when you became too successful you get delusional and believe that you can do anything.

  • @ashrafulhaque9787
    @ashrafulhaque9787 Před 2 lety +2

    Some serious acting here. Bravo!

  • @Crunchifyable2
    @Crunchifyable2 Před 2 lety +14

    "our talents have been used for the greater good." Most funny, ironic line in the whole movie.

  • @scottw112358
    @scottw112358 Před 3 lety

    I saw this movie many years ago and could not remember the name of it.
    Thanks for uploading this clip.

  • @victoriaaguero1559
    @victoriaaguero1559 Před 2 lety

    Chicos me encantó Simón sublime!!! Que bueno verte !!! Besos mil !!!

  • @dbs567
    @dbs567 Před 2 lety +6

    I admire how fresh and coherent the guys who were up all night are...

  • @niklasschaab4763
    @niklasschaab4763 Před 2 lety +13

    Worldclass movie with the best actors you could wish for. I love this scene.

  • @fenrisulven5324
    @fenrisulven5324 Před 3 lety +1

    "very very unique" at 3:00 LOL

  • @amidhmi5243
    @amidhmi5243 Před 3 lety +10

    I always remember his hand gestures in this amazing scene.

  • @MarcPagan
    @MarcPagan Před 3 lety +31

    My hedge fund went from $9 billion USD to $2 in 48 hours
    ....due to a fire sale of muni bonds, set off by a LIBOR change

    • @kbflorida888
      @kbflorida888 Před 3 lety +3

      Sorry buddy. I know one guy who in 2009 said goodbye to $14 million in real estate.

  • @lancea9785
    @lancea9785 Před 3 lety +27

    $AMC 10k in 3 weeks.

    • @adsr14
      @adsr14 Před 3 lety +4

      Too low too late. 100k less than 2 weeks. My prediction.

    • @fanuvgod1
      @fanuvgod1 Před 3 lety +3

      I laugh but I hope so because I have 5 shares lmao

    • @massawakening1072
      @massawakening1072 Před 3 lety +6

      OOTOO TO THE MOOON

    • @taxfreetea
      @taxfreetea Před 3 lety

      @@massawakening1072 🦆

  • @larrycobb5798
    @larrycobb5798 Před 3 lety +9

    Kevin Spacey is a hell of an actor I forgot that I was watching a movie for a moment there.

  • @GraduateMonkey
    @GraduateMonkey Před 2 lety +7

    2:15 ...'your mother if she is buying' just brilliant )

  • @barraboy4629
    @barraboy4629 Před 3 lety +4

    Great performances in this movie

  • @UNKNOWN-zr9yw
    @UNKNOWN-zr9yw Před 3 lety +19

    This movie is amazing , I watched it two days ago

    • @tommyharris5817
      @tommyharris5817 Před 3 lety +1

      Is it better than The Big Short?

    • @UNKNOWN-zr9yw
      @UNKNOWN-zr9yw Před 3 lety

      @@tommyharris5817 I'll be watching that today , so I'll tell you later

    • @UNKNOWN-zr9yw
      @UNKNOWN-zr9yw Před 3 lety

      @@tommyharris5817 it's better than the big short in my opinion

    • @doodlez2439
      @doodlez2439 Před 3 lety

      @@UNKNOWN-zr9yw so which one is better to start with the big short or margin ???

    • @oliverfujimori4625
      @oliverfujimori4625 Před 3 lety +2

      @@doodlez2439 I believe the Big Short is better because it puts the context preceding the crash more clearly.
      Then margin call

  • @vikmurty382
    @vikmurty382 Před 2 lety +1

    Love that Kevin Spscey’s hair is off kilter.

  • @ManCave1972
    @ManCave1972 Před 2 měsíci +2

    These are your packets, these are the Glengarry leads.

  • @findingstyle
    @findingstyle Před 2 lety

    Wellcome back👨🏾‍🎨

  • @jonathanwilson8951
    @jonathanwilson8951 Před 2 lety

    You had me in the first half. :)

  • @jackpipe68
    @jackpipe68 Před 2 lety

    Excellent casting and characters in this movie. These are exactly the kinds of characters inhabiting the investment banks. From Moore's stone-faced professional, to Bettany's wide-boy Will, and Iron's charming, but ruthless snake.

  • @HaloFreakGaming
    @HaloFreakGaming Před 3 lety +6

    AMC entertainment to the moon!!!!

  • @devanman7920
    @devanman7920 Před 2 lety +2

    This is such a fantastic movie. Great actors great script.

  • @blank557
    @blank557 Před 2 lety +20

    No matter how much spin and sugar he puts on it, he's asking them to sell bad stocks to people who trust them, to save themselves. I would hope some of them would refuse, and just walk out the door. They have nothing to lose, as their positions are toast anyway. But at least they can look at themselves in the mirror the next day.

  • @chrishiteshew729
    @chrishiteshew729 Před 3 lety +22

    Let’s see this happen to citadel with amc to many short positions!

  • @Lugenfabrik
    @Lugenfabrik Před 3 lety +142

    Pro-tip: never use margin and you’ll never face situations like this.

    • @merrick8000
      @merrick8000 Před 3 lety

      Danke aber ich Denke nur Americanisch brauch das

    • @uclajd
      @uclajd Před 3 lety +24

      That's ridiculous. Every successful firm uses margin. You just limit the percentage of equity you margin.

    • @drjqool
      @drjqool Před 3 lety +4

      That's why you have a stop loss and you hedge your downside.

    • @jackthecat6225
      @jackthecat6225 Před 2 lety +2

      Big firms trade naked calls all the time to the tune of billions. Of course that is illegal but it is done all the time.

    • @teebob21
      @teebob21 Před 2 lety +3

      @@jackthecat6225 There is nothing illegal about a naked call option.

  • @JWCreations
    @JWCreations Před 2 lety +8

    This is exactly like falling into the crypto traps

  • @gregconover4714
    @gregconover4714 Před 3 lety +25

    Congress: "Let's make it so anyone and everyone can get a mortgage. No income verification, no assets required...we want it to be fair." Banks: "We want on this easy business. More and more mortgages! We just sell them in the secondary market." Supply and demand raises prices. Consumers see "no risk" in buying houses they can't afford. "We can just refinance later as our houses increase in value."
    7 year balloon mortgages come due as prices of housing plummets and no one can refinance. "I owe $700,000 on a home now worth $350,000??" They walk away and bam! Congress undoes what they started and smiles.

    • @freelookmode9837
      @freelookmode9837 Před 3 lety +4

      That's a fascinating alternate history of half truths and omissions

    • @davidtimus4026
      @davidtimus4026 Před 3 lety +2

      @@freelookmode9837 please elucidate us. What is the other half of the story you have.

    • @PaulRoneClarke
      @PaulRoneClarke Před 3 lety +1

      Replace the word mortgage with vote
      And the word business with government.
      There. 2021 in a nutshell.

  • @Bradgilliswhammyman
    @Bradgilliswhammyman Před měsícem

    After the Glengary Glenross office break in, he quit and went to work on Wall Street, apparently selling Rio Rancho plots and swampland in Florida wasn't sleazy enough.

  • @BootcampLA
    @BootcampLA Před 2 lety

    Next week!!!!!!!

  • @joelittorres
    @joelittorres Před 2 lety +1

    Kevin Spacey is one hell of an actor. One one hell of a SICKO.

  • @pawelpl9319
    @pawelpl9319 Před 2 lety +1

    Great piece of acting

  • @Taffer-bx7uc
    @Taffer-bx7uc Před měsícem

    ALL SALES FINAL! EVERYTHING MUST GOOOOO!!!!!

  • @stanjones5341
    @stanjones5341 Před 2 měsíci +1

    WE’RE HAVING A FIRE………sale.

  • @tina7617
    @tina7617 Před 3 lety +3

    A scene on AMC...next!

  • @Bradgilliswhammyman
    @Bradgilliswhammyman Před měsícem

    Would love to see the firesale scene edited in with clips from Glengary Glenross with the salesmen selling Rio Rancho properties and negotiating millions for it.

  • @johnjorgensen8009
    @johnjorgensen8009 Před 3 lety +14

    Loved this movie! Well written, great pace, excellent acting, and a number of compelling messages. However, a few things don't work. First, if a major Wall Street firm only has two risk analysts, I would be shocked. These firms are FILLED with MIT PHDs. Lots of brilliant people work on Wall Street. Something tells me that any firm that is custom producing mixed risk tranche mortgage back security products in such volume would have a very active risk management operation. Secondly, they would not discover almost by accident that their portfolio has breached risk parameters. Numerous people would be well aware DAILY of their risk capital situation. I think this script keeps the the cast small and the tension palpable. Now, do I believe most investment banks would knowingly sell worthless mortgage backed securities? Absolutely, and the crash in 08 makes that clear.

    • @grast5150
      @grast5150 Před 3 lety +9

      Nope, I worked for Citigroup during the housing crash. The entire San Francisco office has exactly 3 risk analysts. Each analyst were NOT PHD's, they had their Bachelors in Economics and Masters in either Business or Economics. The goal of the risk analyst was work for dedicated bankers which were selling the mixed risk NBS products. The people actually making the NBS products were in New York and a completely separate organization. So the people selling the products were isolated from the people creating the products. I know from the IT group in New York the entire risk management department was less than 8 people including managers and senior bankers which thought up these securities in the first place. Based on my conversations during that time with actual bankers, Citi did not care about the risk because these securities were not Citi's books for very long as Fanny and Freddy were buying. So over time, risk management was completely obscured because management view the risk to be low because the U.S Government was primary holder of most of these securities. The root cause of this whole issue was the U.S. Government lending Billions of dollars to banks which in turn gave it to people with no ability to actual repay the loan.

    • @Mathemagical55
      @Mathemagical55 Před 3 lety +4

      Risk Management departments are entirely occupied with making sure the firm conforms with the plethora of risk reporting frameworks and approved risk models. They're about as likely to uncover real risk as an audit by a big accountancy firm is to uncover fraud.

    • @johnjorgensen8009
      @johnjorgensen8009 Před 3 lety +2

      @@grast5150 Very interesting. I worked for a firm in Chicago on the debt side. We put together bank qualified muni deals about the time CMO's got hot. I sold bank qualified bonds and CMO tranches to banks. I don't recall if we had a risk management team, but we did have our own MIT PHD. He had been involved in the development of mortgage back securities. So, you're saying they either didn't know their risk position, or more accurately; they didn't care.

  • @INNO222
    @INNO222 Před 2 lety +2

    Spacey and the crew did a great job IMO. Great movie.

  • @marquezjones654
    @marquezjones654 Před 3 lety +5

    Market right now is a fire sale 🤔 hmmm

    • @doodlez2439
      @doodlez2439 Před 3 lety +1

      that's CRYPTO that is on fire sale

  • @rbl4641
    @rbl4641 Před 3 měsíci +1

    A great scene, the "greater good" now that's a rationalization!!

  • @iamnemo8479
    @iamnemo8479 Před 3 lety

    0:00-0:33 Kevin Spacey's pr team meeting when his past came to the the surface hahahahahaha 😆🤣

  • @vegtheman
    @vegtheman Před 2 lety

    Time to buy Tellor now.

  • @designslave38
    @designslave38 Před 2 lety +1

    Keyser Söze crushing it yet again.

  • @donaldmackay4837
    @donaldmackay4837 Před 2 měsíci

    Never watched much Spacey , but brilliant

  • @nancy755
    @nancy755 Před 3 lety +2

    Do I need a Valium? Breathing heavy.. Benito save me

  • @stoolpigeon4285
    @stoolpigeon4285 Před 2 lety +1

    To audition for a role in this film you'd have been asked "can you scowl and look into the distance as if you are thinking deeply- that's all we need"

  • @AleksandreMzhavia
    @AleksandreMzhavia Před 2 lety +1

    ... Say whatever you want, but this is a master at the top of his craft.

  • @dee_7F
    @dee_7F Před 2 lety +4

    Citadel Fire Sale incoming in the near futur. #AMCSqueeze

  • @apevee4594
    @apevee4594 Před 3 lety +3

    AMC 🚀 Made me watch this movie! 🚀🚀

  • @bday55
    @bday55 Před 3 lety +54

    Imagine being 25 and getting 2.5 million dollars and living at home with your parents....couldnt get much better

    • @disarchitected
      @disarchitected Před 2 lety +5

      And screwing other people out of millions of dollars in the process. This is unacceptable face of capitalism.

  • @daddytubewatches
    @daddytubewatches Před 2 lety +1

    4 hours work on a telephone get 2.7 million dollars .......where do i I sign up?

  • @YetwooYT
    @YetwooYT Před 3 lety +2

    is this LIVE video from Citadel?