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  • Essay / Margin Call Analysis - 1727

    Margin Call Depicts Last Night of Good Times on Wall Street; when disastrous speculation in the mortgage markets leads to the company's bankruptcy. Its main focus is the actions taken by employees during the financial collapse that followed. The film begins with the first victim, Risk and Management Manager Eric Dale, fired from his job. On his way out, Eric Dale hands a USB drive to Peter Sullivan, senior risk analyst, who realizes that the company and the market are clearly on the brink. That night, Sullivan completes Dale's project and discovers that the current volatility of the firm's mortgage-backed securities portfolio will soon exceed historical volatility levels of the positions. Due to unjustified leverage, if the value of the company's assets decreases by 25%, the company will suffer a loss greater than its market capitalization. Will Emerson, head of trading is contacted by Peter, Will takes a look and calls his boss Sam Rogers, head of the investment floor. Others are called in for an emergency meeting that lasts all night until CEO John Tuld arrives to make some very drastic decisions. After a series of meetings, Jared Cohen, head of the investment division, proposes to quickly sell all the toxic assets before the market realizes their uselessness, thereby limiting the company's exposure. Although management colleagues grapple with the ethical implications of their decisions, it is decided to save the company and proceed with a fire sale of the toxic assets. Unfortunately, it was also decided that Sarah Robertson, Director of Risk Management, would be used as a scapegoat, claiming that she had failed to communicate and warn executives of the risks associated with these mortgages in time.Sam Rogers, Investme...... middle of paper ...... she indeed deserves credit because she was fired and asked to stay until the situation was over. Aasif Mandi, a corporate lawyer, does not have a very big role in the film but highlights the problem and the effects. His action is to do his job and his motivation is to get paid. The worldview that influences his action is having bills to pay and the need for a job to support it. I agree with his choice because we are all in this together and rely on a job to survive. Well, I don't think merits are necessary for him. Margin Call is about how its characters only care about the well-being of their businesses. There is no broader sense of the public good. Businesses are amoral and exist to survive and succeed, regardless of the human cost. Real. JC Chandor. Perf. Kevin Spacey. Roadside Attractions, 2011. DVD.