MovieChat Forums > Margin Call (2011) Discussion > Another Great Lesson on Corporate Americ...

Another Great Lesson on Corporate America

posted 8 years ago by awrobel
3 replies | jump to latest

The film is a urgent reminder that we must always be wary of corporate America. Along with films like The Big Short it shows the ruthless greed that exists because of the "too big to fail" stature of many of our banks and institutions. The film depicts the events of what might well have been the discussion prior to the fall of Lehman Brothers. Iron's character" Tuld "seemingly based on Lehman's CEO "Fuld" captures the insensitive air of an executive looking to survive despite the consequences to an economy at large. Although these events occurred back in 2008, if one looks at the news little has changed. Witnessing John Stumpf of Wells Fargo testifying before Congress the other day it's clear that the problem is still with us. When are we going to start sending these criminals to prison for these practices? Just because they don't employ weapons doesn't diminish the extend of their damage to our society.

[–] rtlh1982 8 years ago

Granted that the traders knew they were destroying their own reputations, but is the way that they dumped these assets knowing they would soon likely become worthless even legal?

[–] awrobel 8 years ago

Absolutely, alll sales have the caveat, " Buyer beware ", so you now own worthless assets.
Since Trump's taken office, the last few weeks have seen the President sign one executive order after another, essentially erasing the lessons learned from 2008. Not to mention efforts underway to eliminate Dodd-Frank. The market have rallied while corporate America sees regulatory scrutiny removed and opportunities galore to once again fleece the public.

[–] PasadenaGirl 8 years ago

Neither of those films addresses the government's role in first insisting that banks lower their underwriting standards. After that, all bets were off.