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Bezel [noun] - the border between a screen and its frame. Here, we discuss ideas that come from this space, and the recursive relationship between them. How society (the frame) shapes how we interpret film and television (the screen). And how the internet (the screen) influences how we (the frame) watch and understand film and television.
From finance films like Margin Call and Too Big To Fail, to superhero media like the MCU and Superman & Lois, the bezel perspective covers many genres.
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Margin Call and The Big Short are the only no-action films that I never get tired of rewatching
In the Big Short, the characters are real people. They are not false names.
Most of the character names have been changed. For example, Mark Baum (Carrell) is based on Steve Eisman. Check the cast list on Wikipedia to see which names have been changed. Details about the characters were also changed around.
What they're doing is the classic: "Keep your friends close, and your enemies closer."
He justified this, and I agree with him, by assuming that any other bank chairman or ceo would do exactly what he is doing in his shoes, he just got the information first and is thus first out of the gate. As long as you’re only selling directly to other banks, institutions, and accredited investors I see no issue. This is how investing and risk work.
Much of what happens in corporate life is dictated by starting position and office importance. American working in German company, well good luck.
Seen these scenes in the movie?
It makes sense as these scenes would’ve given him more depth than needed, you’re trying to tell a story about how a few men shorted the housing market so these would feel just out of place for the overall premise.
I love the monster/horror angle - it's true, not showing the monster is even more frightening. Cheers!
2:47 »Margin Call« feels like it could be a stage play indeed - my mind inevitably went back to the many times I watched Sidney Lumet's courtroom drama »Twelve Angry Men« which essentially tool place in a conference room. That movie originally was written as a stage play.
Re: "Fire Sale", but no further purchases. The firm is SO insolvent, that after the toxic product is dumped, there won't be any "firm" (read: positive cashflow) remaining - also, that their reputation will be SO damaged (from selling the toxic product) that no-one will do business with them...
what I need is for you to attend all of my meetings with me and tell me what's going on. I never know.
Sarah asked Peter's background because she was seeking a weakness to dismiss him and his work.
LOL your credits had me dying
I noticed that Mike Palmice appeared out nowhere and out of focus when his chair at the other end of the table was empty the whole scene.
I was with you on the tie thing until you notice the low level guy behind tuld is also wearing one
tetralogy if you include Glenn Garry glenn ross
This is a great format referencing the script like that. Excellent vid!
The malaphor was totally on purpose. His character is a shark who knows how to pretend to be one of those approachable charming tropical fish.
commissions, thousands of commissions
lol. I am goin got watch this video a few times.
But is it cheating if it’s within the rules?
It doesnt take a genius to figure out Peter was gonna get promoted...
Great Scene
Margin Call takes place in 2008. at 1:11:28 of the movie Eric Dale mentions building a bridge 22 years ago in 1986. You can say I love this movie.
It is absolutely certain that this is happening again to the banking industry. The same exact scenario will play out over the next 2 weeks
this movie is an underrated gem. top notch acting, and it is beautifully shot.
My favorite was Margin Call!
This happened a few other times in the movie. When he mentions Will and the other guys like who? And he says Emerson. I noticed it right away. But it wasn’t meant to be funny. This is very common in large offices.
Jared knew all along what needed to happen but it wouldn't be a popular decision (Rogers and Robertson made that clear in the 1st meeting) so he waited until Tuld opened the door so he could walk right through it.
Even though Jared knows that everything has to be sold, he keeps his mouth shut and lets Tuld suggest the idea to the board and everyone. That way all the fallout will be on Tuld's head and Jared can be the next CEO. This is why he's 'ruthless'. He also makes sure Sarah is the one to let go and in one fell swoop both Tuld, Sarah are the ones taking the blame instead of him.
What would be amazing is a movie prequel to Margin Call, showing the same characters and how the company made decisions to get to the position it’s in in Margin Call
I assumed they wouldn't be buying because the value of other products would decrease also after they spooked the market, and that cash would be the best position to be in to pick up deals after volatility waned.
I worked in NY banking during this period. As head of risk during the 2008 crisis I granted liquidity lines to major banking counterparties. Some time later we were hit by an existential enforcement action. All I can say is that the portrayals in this scene are incredibly accurate and beautifully acted. This is exactly how these kind of things are handled in NY banks. It is very close to actually being there. This film is virtually a documentary.
Yeah, promoted to Robinson's job.
He knows it’s a malaphor because he knows about all the other “errors” going on around here.
*_Caveat Emptor_*
Bit you missed: the finger ditty after the music has stopped piece. And irons standing up allowing his tie to dangle. The tie of course being the western symbol / bodily anatomy of masculinity as he speaks. A truly ionic scene.
So, the big boss knew what was going on?! I thought the weasels under him had done the mess they had managed to keep secret before it blew up. Your analysis is very interesting, thanks. I might watch this movie.
Why is it assumed the mortgages are worthless? Each mortgage still has a homeowner who is making their payments in what, 50% of the cases? And when the owner does default, the bank will now own the home, including the down payment and payments to date. The home can be sold immediately at a discount. Or the bank can hold onto the home and earn rental income. Or look to sell in time when the home market surely will recover.
The mortgage-backed securities (MBS) were essentially worthless, which is what this company trades. This goes back to how these MBS products were structured, as collateralized debt obligations (CDOs). The problem is not only mortgage defaults, foreclosures, and a housing market with falling prices, but the leveraging of that mess in an asset-backed security. It's the leveraging that amplifies the loss to the point that these MBS products are essentially worthless.
@@charliefoxtrot5001 Will the holder of the morgage backed security also be the owner of an actual home? The mortgage of an individual? Even if owning an MBS gives the owner a percentage of the entity which owns the entire tranche of mortgages, the MBS owner still receives an income stream from the tranche holding entity. Point being, the MBS holder will still receive monthly payments.
@@Steve-Richter You know, there is a lot of information out there that describes how MBSs and CDOs work, such as on Wikipedia. I won't post the links here, as KZread tends to censor posts with links. The problem is that the value of an MBS product, such as a CDO, is not only based on the value of the mortgage, but also on its default risk. If mortgage defaults increase drastically, which they did in 2008, then the cash flow through the CDO is drastically lower and the bank owning the CDO has to make up for that difference. In other words, a CDO then is not an investment anymore but a monthly loss that is difficult to sell off. That loss can become quite significant, as the cash flow through the CDO is rather high. The book for Margin Call puts the loss at 1 Billion Dollars, if I remember correctly, which is more than the value (market capitalization) of the company. So, the company simply does not have the money to compensate for the loss in the cash flow through the CDO. Any company buying such a CDO buys the same liability.
The fact that this movie was also just made in only 17 days, with this kind of acting is amazing to me
Seth was half drunk when he came back to the office. I usually can't even remember what day it is when I am in that state
My opinion - the bailout wasn't the subject of the movie. The subject was the collection of investors who shorted the housing market. The issue of Lehman not getting a bailout and the other banks getting bailed out is an entire movie unto itself.
Awesome video and page! Sub’d!
Interesting, but simplistic. Sam saying the MBS was worthless doesn't mean it was and if he really believed that, he was the cheater. Jared's perspective was simply an analytical decision. He saw a problem. Assessed it was a complex problem which could be explosive. It was better to bail than dilly dally trying to make a better decision. Remember they were all unsure of the true extent. Will says (paraphrasing) it could all blow over tomorrow and they would be laughed at for being the biggest pu$$ies in capitalism.
1:28 that guy in the back also wearing the red tie... He is also powerfull
This scene was so tense
Love this
It IS cheating, but EVERYONE is cheating, everyone is staying in the game longer than they should because the money is so good. The only moral thing to do is exit. It wouldn’t be cheating if they knew that things don’t add up anymore, but it seems clear that they were aware and just kept going.
Seems like the G move for the bank would have been to start all this a year ago, but slowly repackage the CDOs, keeping the very best stuff and sending all the other crap out the door.
John and Jared both know. John knows that Jared knows. He is giving him permission, giving him the OK, to pitch the most extreme option to the senior partners.