Wall Street traders would absolutely love to unload junk to general public while making a 7-figure salary. The notion that some head of trading desk suddenly grew a heart and didn't want to unload toxic assets at current market price because he knew better than others is absolutely ludicrous!
Show me the holes!
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BTW, I work in Wall Street, so I obviously don't hate Wall Street, do I? :-)
Relationships are only useful as long as they are making money. If the situation is exactly how the movie portrays (2008 financial meltdown), your own survival takes precedence over anything else, and any trading desk head will absolutely unload all the junks before others find out (in fact, that's exactly what Goldman Sachs did). After all, after the massacre, who knows who will be left to have new relationship with?
Show me the holes!
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Wasn't GS a publicly traded company? If they held onto their toxic assets, then they'd be sued into the next century by their shareholders and anyone else who relied on them.
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So, going back to your first comment then, by holding onto their toxic assets - unlike GS - Lehman was actually acting with a heart, and following it's collective conscience in not dumping their junk?
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Sam wasn't stupid. He knew it was sell or get holding crap by that end of that day, he was just an old time hand-shake kind of guy who didn't want to screw all the customers he'd spent so long trying to help.
shareJeremy Irons made that clear to Sam in the dining room
You don't have to stand tall, but you do have to stand up!