The Wells Fargo guy lecturing everyone else on their "fancy products" is hysterical considering how they were later busted for all sorts of fraud.

@chris8535

2 ай бұрын

I worked through this very moment. The events you are referring to come from the Wachovia acquisition. That brand was full of fraud and theft, which Wells absorbed. Kavosovic was pretty clean at the time and his criticism was well earned by playing a conservative safe position. Wells at the time was possibly the best positioned in the world.

@bossone1216

2 ай бұрын

You do realize this is a movie

@mbarrett99

2 ай бұрын

Wells Fargo was busy taking notes.

@Salisbury2015

Ай бұрын

That's Legate Damar from DS9!

@Phantom121904

Ай бұрын

@@Salisbury2015 I was kinda hoping to see him pull out a bottle of Kanar in this scene

Every time I see a movie that pops into my feed on KZread I can count on Netflix not having it

@anthonyhassett

4 ай бұрын

Yeah everytime i think we get close to an economic hiccup, "The big short" disappears off netflix in Ireland for a few weeks

@KcP-rn3qk

3 ай бұрын

HBO has it

@JonnySublime

2 ай бұрын

Especially if it’s good

@jamesk7063

2 ай бұрын

r/piracy come sail the seas matey

@macmacdonald2189

Ай бұрын

There are other platforms, you must know this

Nine rings were gifted to the race of Men, who, above all else, desire power.

@angquangthanh6383

2 ай бұрын

goddamn, so true

@b_cheune

Ай бұрын

The Nazgul 😂😂😂

@adrianlindsay3194

Ай бұрын

What a great quote to pull for this clip. Well done www.youtube.com/@89Ayten

This would essentially be after The Big Short and Margin Call end. The MBS brokers have just sold all their trash to the investment banks and have seen the values crater and need the bail out. The banks have paid out the default swaps. This is part 3 of the unofficial trilogy.

@Samn3212

3 жыл бұрын

Fucking LOVE Margin Call. That board meeting scene though...

@rubixpuzzlechamp

3 жыл бұрын

Between the Big Short and Margin Call, which could be viewed as Part 1?

@ogpd4898

3 жыл бұрын

@@rubixpuzzlechamp the big short

@deesmoove5852

3 жыл бұрын

Have no idea how much of a genius you really are. I was thinking how all the movies fit with one another and boom your comment pops up, that makes perfect sense

@voice_of_reason5604

2 жыл бұрын

@@rubixpuzzlechamp they overlap I think

Margin call - The institutions. The Big Short - The investors. Too Big To Fail - The government. Great insights in how corrupt and fraudulent the system is from all perspectives.

@paulvandal4444

2 ай бұрын

You should watch "Inside Job" and listen to all of them in their own words pointing the finger at each other.

@mikeyh0

2 ай бұрын

@@paulvandal4444 Thanks for the tip.

@archlab007

Ай бұрын

Not all perspectives: we forgot to mention the people that failed to pay back/defaulted en masse. All these fat cats were complicit, but don't deny that we're a nation of Deadbeats

@archlab007

Ай бұрын

Not all perspectives: Along with the fat cats, don't forget the deadbeat people who defaulted en Masse to cause this. And also, don't forget Bush, Jr, Paulson, et al. the Socialist Democrat Administration.....

@brianhartman7135

Ай бұрын

Margin Call is one of the greatest films of all time.

Paul Giamatti is the most underrated actor of the last twenty years.

@franflanagan7300

Жыл бұрын

He’s tremendous.

@richieb3356

Жыл бұрын

Agreed! Have you seen 'John Adams'? the HBO miniseries? He's as expected, fantastic in it.

@dyneshv

2 ай бұрын

Paul Giamatti in Cinderella Man was one of the best performances I've ever seen. He's never bad in any movie.

@awtodor

Ай бұрын

He's without a doubt one of the greatest

@D.B.Cooper..

Ай бұрын

Watch Billions dude... Paul Giamatti at his absolute Beast Mode and 7 seasons of material.. You wont like him in anything else after this..

"Your asking me about your bonus right now john?" That line is so well delivered, plus I love the "are you fucking kidding me right now?" tone in Paulsons voice.

@dragonflydreamer7658

Жыл бұрын

THREADS THREADS THREADS THREADS

@calkelpdiver

Жыл бұрын

It was known that John Thune was a douchebag. Matthew Modine came off pretty well in that respect. Jamie Dimon (Bill Pullman) was sitting there licking his lips like a lion next to a zebra carcass.

@petermancini593

Жыл бұрын

Not all of the bankers in that room are bad people. However, some were, and John Thain was the worst.

@Fujtajblus

Жыл бұрын

Jesus, kids, can you type properly "you're" and "your"? Even the "u r" is billion times better than this travesty of the language.

@RogerWilco1

Жыл бұрын

Its a disingenuous line to make these people look like fat cats rather than the victims of this fraud.

“If they don’t, they’ll fire me.” Translation: Im rich, if they fire me, its not my problem anymore.

@mehdizerriq3341

Ай бұрын

That's John Mack, Aka "mack the knife" one of the most ruthless investment bankers in 2008. Came from humble background and yes he became rich, very rich!!!

Holy fuck, it's Damar from DS9! Took me a moment but he's got the "overly confident when trying to play a weak hand" trope nailed down.

Love it when John Mack outright says "give me the paper"..he knew what was up

@lindseysimmonds678

Жыл бұрын

And didn't even take the time to read it, just signed straight away, no doubt he was calculating outcomes while the other heads were resisting

@memento-mori-amor

7 ай бұрын

john mack is my fave guy in this movie

@SonOfGod3000

4 ай бұрын

Can you expand on this comment? He knew what was up?

@robertotrevino1796

4 ай бұрын

@@lindseysimmonds678 in a interview because this actully happened in real life he basically said “the government came to us and said this is how it will go, and I wasn’t in a position to argue which is why I just signed it no argument” maybe not word for word but he realized how dire things were and he needed to just do what the government told him to do

@robertotrevino1796

4 ай бұрын

@@SonOfGod3000 I mean he knew the government wasn’t messing around that the banks needed to be united in order for this to work..why he just said “ok I am in” he knew what was going on

$125 billion? Nowadays, that's just a "rounding error".

@nutsackmania

2 ай бұрын

yeah that's not true

@averageperson2177

2 ай бұрын

It’s kind of true with how much money is being minted.

@michaelfromaustin

2 ай бұрын

It did seem low, but considering banks are leveraged at 10x, it could be $1.0T in total assets across the board.

@bastobasto4866

2 ай бұрын

​@@averageperson2177 That's still not true, lol - and this isn't how minting money works, either. For once, US is *actually* the exception to the rule it can monetize its debts without shitting itself and dying. However, that doesn't mean it can be done without restraint, either. 125 billion was something like 2-3% of the USA's federal budget total revenue in 2023 - which is a lot; around 1/4th of the interest payment on the debt in 2022.

@AngkarYearZero

21 күн бұрын

Our government has a multi-trillion dollar budget every year.

Sometimes you look at crime movies with Jason Statham, Denzel Washington, Mads Mikkelsen, Samuel L. Jackson ... but when you look at such movies as Margin Call, the Big Short or this scene you know who the real tough cold hearted guys are.

@RogerWilco1

Жыл бұрын

The federal reserve and the rest of the federal government are just mafia.

@inner_zen_peace

Жыл бұрын

Who is it?

@georgetollisonbuffett

Жыл бұрын

The evil in human kind is displayed in different forms. You can’t say one is worse than another. If one of those thugs or gangsters you mentioned in those action movies ever made it to the CEO of a big bank, I’m sure he would do the exact same bloodsucking things as those bankers did in real life. Bad people are just bad, doesn’t matter which kind of bad.

@jsmith434w

11 ай бұрын

All of these guys paid back their loans WITH interest. this was profitable. This is why rich guys are given money but poor guys aren't. Give a rich guy 100$, it becomes 200$. He buys a 100$ car, makes another 100$ profit with the remaining 100$. Give a poor guy 100$, he buys a 100$ car. The car is now worth 60$ after 5 years. 30$ after 10. 10$ after 20, assuming it wasn't totaled in the meantime - which, if it was, it generated profit for the insurance company, which is the only redeeming part of this story. That's right, the insurance company not only provided stability and security, but they created money out of thin air. But sure, give money to the poor, that'll solve everything. Give money to crack addicts, they'll surely spend it wisely.

@Angelchildxx

10 ай бұрын

This scene is super bad if compared to margin call one. Acted very poorly

Giamatti steals every scene he's in.

@RockSmith-rl9qr

Жыл бұрын

Always does

@GERARDKENNELLY

Жыл бұрын

how's your oatmeal ?

It’s like they’re being told to stay after class after getting in trouble and have to write on the board “I will not gamble with peoples money” 100 times.

@Leaflar

Жыл бұрын

Except they are being paid to do the opposite.

The most underrated line in this whole scene is " The chairman of the FDIC is sitting right there, tomorrow you'll find out your not as well capitalized as you think". Paulson just threatened to start a bank run on one of the safe banks in the room if they F'ed around.

@MC_heart4

Жыл бұрын

how is that remotely okay

@RogerWilco1

Жыл бұрын

If they refused to go along with the fraud, if you mean.

@maxmp150

Жыл бұрын

@@MC_heart4 because the government knew they’d eventually have to rescue each of the banks. An ounce of prevention is worth of pound of cure. Given the circumstances then, threatening a run a better than having to deal with an actual run.

@MC_heart4

Жыл бұрын

@@maxmp150 no it’s not. The role of government is not coercive, it’s not a nanny. It is crazy how much people Make the government into some deity. This was fucked up, the banks should have failed, and this is a gross overreach of liberals thinking that they can guide the economy better than it naturally develops Be prepared for the destruction of the world economy because of the policies we had the last 12 years. Sovereign debt in third world countries is already becoming a crisis with a dollar shortage because we have to quantitatively tighten - and no nation will be able to service their debt in general It was literally equivalent of a drug addict having an overdose and doing more drugs - lasted for such a short time (12 years is not a long time historically) and people think it’s a success

@MrShikaga

Жыл бұрын

@@MC_heart4 That is a good question. I am not an expert, but I believe it is because the US government is more concerned about the average person than the how much profit those banks are going to make. And they are being very clear that it is now time for these banks to cooperate and help out the American people, even if that means that these bankers will have to settle for slightly smaller bonuses this year than before. And if anyone is going to be selfish, then yes, there will be consequences. If this were a board game, then yes, it wouldn’t be “remotely okay”, but this is real life, and sometimes you need strong leadership to do what’s best for the country.

Damn Casey Biggs really killed it. Wish people would use his talents more.

Chairman of the FDIC is sitting right there. I think Wells Fargo got the message after that.

@williamcollins6376

Ай бұрын

And she did not say a word, yet her "position" said it all. THAT is POWER

Dang, that cast of bankers was an awesome lineup!

RIP William Hurt. Great performance here.

Another thing about this movie, this movie is a good example about "it's not what you know it's who you know". They pulled every back pocket individual they knew to help each other out

As a former MS employee I must say the portrayal of John Mack was spot on throughout the movie.

@dragonflydreamer7658

Жыл бұрын

THREADS THREADS THREADS THREADS

@mynameisnotimportant2854

Жыл бұрын

Did he really yell, there’s blood in the water let’s go kill somebody? 🤣🤣🤣🤣🤣

@tomace4898

Жыл бұрын

John Mack is the f**king man!

@jamesmiller5331

Жыл бұрын

Hang out with him in the cafeteria, did ya?

@JayDawg83

8 ай бұрын

Fun fact-Tony Shalhoub visited Mack in his New York office to kind of study him. I think he did a remarkable job!

The fair value cost of TARP is now being estimated at almost £500bn. The banks weren’t just bailed out, they were given the platform to make a huge profit from their own failures.

@ask230

Жыл бұрын

The U.S. govt made huge profits too.

@flyingdaytrader

Жыл бұрын

Then if you look into how much money was actually dumped into these banks across all channels - we are talking trillions.

@ScootsFromNewCastle

Жыл бұрын

It was revenue positive that’s all I look for in government programs lol

@tomoconnell2320

Жыл бұрын

Must have missed the part where they paid it back plus a 5% pik on their preferred per year.

@ChannelMath

Жыл бұрын

@@ask230 The US government doesn't really make "profits". It literally owns the money. What matters is to whom the money flows, and what the effects of that are to the real economy. but you're right, in this case, that it was good for the country (at least, in the short term), to give money to these guys. I think it would have been better to give money to everyone else and let these guys fail, but things would be very different and that isn't politically possible. for the US

If anyone has watched the Vice “PANIC!” documentary, you will know that the dialogue in this meeting is almost verbatim particularly at the end with John Mack (Morgan Stanley CEO) signing the deal and the other CEO asking “aren’t you going to consult with your board?", though it was Vikram Pandit (CEO of Citi) who asked that, not the Merrill Lynch CEO.

when the wells fargo guy spoke i recognized the voice and looked it up, sure enough the guy who plays the wells fargo guy is Casey Biggs and he played Damar on Star Trek DS9....one of the best characters from the Star Trek Universe.

Christoper Cox: The Federal Government cannot tell a private companies what to do! Hank Paulson: You will all let me buy you.

@blakesejarma

2 жыл бұрын

Eric Lynch : “You cannot force someone to do sometin’ dat dey do not wanna do ! F*** you ya big nose jackass!”

Paul Giamatti was good in this film and greater in Billions... such a great actor!

@diegolara4202

Жыл бұрын

One of my favorite actors, that guy is awesome in every role he plays.

They all sat there actinb like they weren't the ones who helped contribute to the mess!!!!!! Blows me away!!!!!

loved the perfomances by actors. The script is great

@antoniograncino3506

2 жыл бұрын

The screen play essentially "wrote itself". The dialogue in this scene and elsewhere in the film was adapted from transcripts of these meetings. Didja notice the stenographer in the corner ?

@hkmorhsi

Жыл бұрын

The script isrwhat actually happenned. Because aint no better story than history itself.

Clearly, Hank Paulson was the technical advisor on this flick.

People dont realize we came a day awy from out right collapse.. this movie had perfect actors for their respectful roles..

@davidbryant3532

3 күн бұрын

We did reach collapse months before this meeting. It was quietly covered up. Everyone knew.

Geez, there's a lot of acting talent in this scene

One of my favorite performances by Tony Shaloub

@INNO222

2 жыл бұрын

Private Joker: "You can't just sign it" Tony Shaloub: "Oh no". 🤣

@oliverarado

2 жыл бұрын

@@INNO222 “my boards on 24 hrs notice. I think they’ll go for it. And if they don’t- they’ll fire me.”

@MrRayMac1963

6 ай бұрын

I love him in everything he does. The new Monk movie made me go binge the whole series.

Hilarious how Wells Fargo griped the most, stating they have capital, which they stole from customers.

@hobomike6935

Жыл бұрын

it's not really Wells Fargo, but *any* bank. Banks are a type of legal theft. functioning in life as an unbanked adult is _possible,_ but exceedingly difficult; and that's the way the government wants it.

@bigz0725

10 ай бұрын

Yeah, Damar, what kind of people give those orders?

@Stardusty43

10 ай бұрын

@@bigz0725 Weyoun Fargo 😂

@HebrewHammer185

10 ай бұрын

The wells fargo account scandal was 10 years after the events in this movie

@user-dr2pg8fk2i

10 ай бұрын

@@HebrewHammer185 Culture is culture.

They signed only after realizing if the financial system collapses it would take them all down. Once again, they don't give a shit until it affects them personally.

@paulconner4614

2 жыл бұрын

More specifically, that their stock options would be worthless.

@PEZ1514

Жыл бұрын

Thats america

The real crime is that these large, “very clever” banks, were subsidized by increased FDIC insurance rates on EVERY bank in the US, including the small community and regional banks who were not engaged in selling these wonderful bundled “bonds”. They win every time, even when they are greedily stupid.

@JoefromNJ1

9 ай бұрын

hence the title TOO BIG TO FAIL

I love how everyone points blame at each other acting like they didn’t know what they were doing. They knew damn well they were committing fraud and just said oops when it all came crashing down

@hobomike6935

10 ай бұрын

It was never any skin off their nose. Millions of families could lose everything, and they wouldn’t breathe a sigh. It only mattered if it affect their own interests. Such is the life of a politician, and so a CEO.

@SamBrickell

10 ай бұрын

You fundamentally do not understand what you are talking about.

2008 was a bad year and somehow the country was lucky to have Paulson (the alpha male from Wall Street) and Bernanke (an scholar specializing in the Great Depression who would do anything to prevent another Great Depression) at the controls.

@monsterpig3270

2 ай бұрын

Lucky for who?

@etchedinstone7562

Ай бұрын

Hank Paulson was the ultimate insider. If anything, he might have seen all of this coming.

Wells Fargo literally the most unethical banker in the group which is saying a lot with this lot , if he really was griping is comedy at its finest

Lol pretending to be angry. Guarantee you all of them were calm and smiling inside.

0:54 What he said: "We give you money, you lend it out." What they heard: "We give you money, you go buy a yacht with a walk-in humidor."

Ben Bernanke, the smartest guy in the room- and it shows.

@justinbernardo8240

Жыл бұрын

really? the guy who helped cause the problem is the smartest? lmao

@hobomike6935

Жыл бұрын

@@justinbernardo8240 of course he's the smartest. He played his cards so that by _causing_ the problem, he could _benefit_ from the proposed "solution" (which was at the cost of the taxpayers.)

@justinbernardo8240

Жыл бұрын

@@hobomike6935 for those not in the know he seems like the dumbest but those that know know that what he did was genius.

@user-rf5vp4uc2e

4 ай бұрын

Good grief…..unreal

Good news is that the guy from Merrill Lynch asking about compensation would be fired months after his firm merged with BofA

Paulson: We give you money, but you must PROMISE to lend it out to normal people so they can trust the financial system again. The Banks: Sure.....

@fatiguejras

3 жыл бұрын

And only in 2009 when everything started going to a total shit they started loaning. Look at the graph. It is fucking scary

@KushMyCologneee

3 жыл бұрын

@Blank Comment you have it completely backwards. It’s not the government who doesn’t give a fuck it’s the People.

@Bilbob725

2 жыл бұрын

Read 'house of debt'. The 2008 crisis was a result of US homeowners taking on too much debt they knew they couldnt afford. The credit crunch started long before the market collapsed, banks had capital but the majority of american households were already over leveraged so there was no one to lend the money to

@catherinesanchez1185

2 жыл бұрын

@@Bilbob725 most didn’t “know” they couldn’t afford it . I’ve worked with customers in billing in a few different industries . Most people can barely balance a household budget much less understand being over leveraged. They trust the people they bank with and got left out to dry.

@inigobantok1579

2 жыл бұрын

The banks used the money the American people gave them to give blowjobs and fat bonus checks to themselves, lobbied tf out of congress to kill any bank reform and then they blame immigrants and poor people.....this time even teachers. -Jared Vennett, The Big Short But in all essence, everyone is to blame. The American people reached for the dream of owning a home or in this bubble, several homes without any necessary income or low FICO ratings, the banks saw an opportunity and lend more and more with low Interest and started to bundle these RMBs into triple AAA (fraudulent rated) MBS CDOs. Price and demand goes hot. Hedge fund and capital firms exploited the greediness of the banks and started betting credit default swaps. Price and demand for housing goes down due to mortgage loans and unattractive land value. Interest goes high to keep up profit and massive defaults occur. The Market tanked, the MBS became worthless "Toxic assets". The banks lost trillions in assets and the government lend them tax paper money to survive their own undoing

Market discipline is far more merciless than regulatory discipline.

Aaaaaaaaaahhhhhhhh DAMAR! I CAN HEAR YOU TALKING! WHY ARE YOU ON EARTH, DAMAR?!?

Not saying I understand every aspect of this film but with its complete star studded cast and how each scene gets more and more interesting it’s definitely one of my favorite financial films

@basedpatriotLT

8 ай бұрын

Who were the stars? Not a single one of the guys in this scene were a list

"125 billion???? those are rookie numbers"--2023

When something becomes to big to fail it has be brought down!

One of the best films a must see

The moment Adrian Monk signs onto something you know it’s good clean thing.

Monk is such a bad ass!

Walks in and Dominates the room

this was like pauls audtion for billions lol next on my list to watch, shocked I've not seen it before

Watched this to remember why we're launching Gamestop into the f***** stratosphere

@nikg5223

3 жыл бұрын

Yep, and I immediately shorting the shares. Aren't short term market trends fun? (and profitable).

@Hardcore_Drug_Abuse95

3 жыл бұрын

@@nikg5223 wel see how are comments age. Beware, plenty of catalysts to fuck over your shorts bud. I would exercize caution with your pessimistic flavored trade 📈

@webbedtoes2

3 жыл бұрын

Apish 📈🍿🎥📼🌕🚀💎🙌🏻

@CrysisG

2 жыл бұрын

@@nikg5223 how’d it turn out for you?

@samuelngo2925

2 жыл бұрын

@@CrysisG He's probably on the run from creditors, i think there are more joining him soon (in defaulting from margin calls)

I believe the guy objecting is Dick Kovacevich, CEO of Wells Fargo. Which was not a New York bank with the fancy derivatives. It had some other problems later, but was not having money trouble in 2008.

@stephenlight647

Жыл бұрын

Exactly. And he was representative of the MANY regional and small community banks that got fully hosed by these ‘very clever’ geniuses. Yes, Wells Fargo had other problems, but this was not amongst them.

@georgetollisonbuffett

Жыл бұрын

No. I think it was John Stumpf

@azwadameen

Жыл бұрын

​@@georgetollisonbuffett nah it was kovacevich, stumpf didn't attend the tarp meeting

@georgetollisonbuffett

Жыл бұрын

@@azwadameen But last time I checked, Dick was not the CEO of Wells Fargo in 2008. John was🤷🏼

@azwadameen

Жыл бұрын

@@georgetollisonbuffett dick was chairman of the board and he held higher authority i guess. check out hank paulson's interview with andrew sorkin

all 9 of you are under arrest.

Paulson (as Archer): This is to share. Look at me. TO SHARE. Banks (as shitheel crew chief): *Nods in deceit*.

Nice to see Gul Damar sticking up for his bank. Surprised Monk sold out first.

Banks acted like the victims in a disaster they helped to create. Of course, the consumers are to blame mostly. Stop buying 💩 you can't afford. I had to learn that lesson when I was 27 years old. 2008 - 2010 hit hard.

Glad to see monk expand his career from detective

@DeltaAssaultGaming

9 ай бұрын

Antonio Scarpacci

Waiting for the sequel right about now.

Anyone else wondering, that today on March 19th, 2023 it is entirely possible that the government and the fed are all meeting with various bankers? Discussing as to what their financial situation is? Swedish government just announced they will come to the rescue of Credit Suisse. Can't help but wondering what is happening behind closed doors that we won't know until a decade later.

This is the best one

So many Master Actors here: Hurt, Giamatti, so many other. Excellent for a low budget straight to cable movie, right?

The chairman of the FDIC is sitting right there. Tomorrow you'll find out you're not as well capitalized as you think you are

@jerryx3253

2 жыл бұрын

Basically threatening them with their own insurances.

@TomorowGames

Жыл бұрын

@@jerryx3253I don’t really understand that quote from the film. Can you explain further how they threaten them with their own insurance?

@natalyawoop4263

Жыл бұрын

If the FDIC finds that a bank has too much risk and not enough capital, they can force a change in management or take over the bank.

We getting only $600 in 2020 over here

@harp8621

2 жыл бұрын

They had to pay it back. There is a difference.

@Chino-bk9fd

2 жыл бұрын

@@harp8621 with no interest or a capital gain tax on that free liquidity i know, very very different

@harp8621

2 жыл бұрын

I think they had to pay a 5% dividend on that every yr. en.m.wikipedia.org/wiki/Troubled_Asset_Relief_Program

@Opticillusion160

2 жыл бұрын

@@Chino-bk9fd what? They had to payback with interest. The $200 everyone got plus a fed stimulus with Covid has caused record inflation and is going to usher in another recession. All this because you guys got greedy with your handouts and wanted more… like these bankers

Nice to see Damar land on his feet after the Cardassian war!

@ethanwhite2210

3 ай бұрын

Considering he died, yes. Guess he got reincarnated as a banker several hundred years before on Earth.

Does this not infuriate you? It’s played off like a long ago story, like something from decades ago. This still affects every single one of you.

@jameswei4583

2 жыл бұрын

It does. That's why I am building DeFi (Decentralized Finance) protocols to replace people with immutable smart contract code in the new finance system.

@Opticillusion160

2 жыл бұрын

@@jameswei4583 lmao

Imagine thinking a country's brightest minds should be working in banks instead of laboratories and universities...

Look out, there's a Cardassian at the table!

@adinicic4259

2 жыл бұрын

Damar. DS9. Don't think anyone else knew what you were referring to. Guy at the left end representing Wells Fargo folks played Cardassian Damar on Star Trek Deep Space 9. Casey Biggs.

@machscga6238

2 жыл бұрын

Loved Casey Briggs in DS9 as Damar

@ussfrontier

2 жыл бұрын

Yup, I recognized the voice and Google the movie cast, Bang!!

RIP William Hurt

scumbag bankers.....(insert primal scream)

Close to the actual conversation. Paulson was the one who made the threat. Basically stating that the loan wouldn't be a prefered six percent, they would be taking their first born.

@777jones

Жыл бұрын

I believe he said “I am your regulator, and your regulator requires you do this” or something like that

Seems this was like yesterday for me. I'll leave it at that.

A lot of familiar faces here. The difficult dude from Wells Fargo played Damar in Deep Space Nine.

That's a good banker, Hank

@imtryinghere1

Ай бұрын

He literally saved the country from ruin. TARP was a huge success compared to other garbage like PPP.

I've watched Margin Call and The Big Short (both classics by the way).....it got me into being a daytrader.....this is the last one on the list.

@dannyarcher6370

Ай бұрын

_it got me into being a daytrader_ What?? 🤣🤣🤣🤣🤣

Jeebs stopped trading stolen rolexes he’s into CDOs now

There's nothing as permanent as a temporary measure.

Regulate Yourselves or the Government will do it for You and remember, they run the Post Office.

Damar is really mouthy now that Dukat is out of the picture.

@cooldude333

3 жыл бұрын

Dude! I just saw the resemblance! Good eye!

"Potters not selling, he's buying!"

I had no idea the character who plays Geithner is the bad ass from sleepers.

When the government says that something is "too big to fail", they are basically telling you that the banks (the master) are more important that the government (the servants) or the people (the slaves). The government doesn't run the country....the banks do. "Give me control of a nations money supply, and I care not who makes it’s laws" ~ Amshel Rothchild

Here we go again

Lot of heavy hitters in that scene

Tony did a good job here.

The Real Council of 9.

"And what does Bill Pullman have to say about this disaster?" "WE WILL NOT GO QUIETLY INTO THE NIGHT. WE WILL NOT VANISH WITHOUT A FIGHT. WE'RE GOING TO LIVE ON. W'ERE GOING TO SURVIVE" Nope, we get this instead 3:48 🤣

This movie could've been as good as Margin Call and The Big Short

@HardRockMaster7577

Жыл бұрын

Yes, it could have been. But this was the High Dollar "Made for TV" film...

Hank Paulson without his distinctive broken twisted pinky? C'mon Hollywood, where is a good CGI when you need one? The man needs his scars to show up he is a seasoned combat veteran of dozen financial battles who is about to put inside the bag the most powerful banking CEOs in the country.

It was driving me crazy trying to figure out from where I recognized the Wells Fargo actor. Then finally I figured it out. It's Damar from Deep Space 9!

I love how the ceo of a major bank is talking about his board firing him like that’s a good thing

@TunjungUtomo

11 ай бұрын

It is, actually. If they got fired, they would get a huge compensation package, and most of all, freedom from all responsibility to steer the bank in one of the most challenging situations in the history of banking. And if they got fired in that kind of situation, they won't be considered a failure, but more a "victim of circumstances". Banks and financial institutions would line up to recruit them

@dagobert1234321

10 ай бұрын

Golden parachute 🪂

Damar kept the finances of Bank of Cardassia in top shape and wasn’t gonna take no Federation bailout money.

I haven't seen this movie. Interesting cast. I'll have to look into this.

I understood maybe 5 words of this very sophisticated conversation. Do i have this correct - The big dogs at the table (not the 9 banks) forced the 9 banks to accept a loan.. and the terms of that loan would be to hand the money out to people in a falling economy, that probably can't afford to pay it back. Probably. The 9 banks argued they dont want to, but they knew the economy was falling and their main doubts was how the big bank, was dictate terms, to have the billions paid back, whether it was unreasonable taxes and cuts... Which could hurts the 9 banks taking the forced loan.. Is this correct?

Damar still fighting the dominion.

One thing I never understood about this scene is that the only bank that complains about not needing money and being well capitalized is the bank that receives the most capital.

@goshagachechiladze4931

5 ай бұрын

They received capital proportional to their market share in mortgage based securities market, wells fargo was among the biggest mortgage lenders hence the 25 billion.

I'm looking forward to the movie about the bubble we're in now, but I won't be able to afford watching it for years because I can't justify the cost of a movie ticket then.

Paul Giamatti is casted because this movie is about "Billions" of dollars....

@GERARDKENNELLY

Жыл бұрын

the economy went "Sideways"