Friday, November 13, 2015

is Margin Call a worth-watching film?

Well guys, I am back here again to give my review and comment on a financial movie named ‘Margin Call’.  The movie is about how the key people at an unnamed investment bank deal with early stages of financial crisis. I have to admit that I never once watch a financial movie and I never knew that a movie with full of financial talks could be that interesting until today.

After the movie, I realize that casts in the movie only cared about their profits and welfare. It is the CEO,John Tuld’s decision to decide whether he should order his company to start dumping worthless holding before the world spread that his company is worthless. John insist to sell something which has no value to buyers at current fair market despite knowing that it may destroy the market for years. I think the selfish act of corporations occur in the reality around the world.  In order to survive and to succeed, some corporations may have made cruel decision which could be harmful to the public but beneficial to the corporation itself.  This is why the Occupy Wall Street protesters are angry, they are angry about the dishonesty and greet of Wall Street.

It is a joke to me that the CEO of the company as well as the bosses dont have essential financial knowledge behind the products they make and sell to their customers. For example, Sam Rogers, the boss of Peter said that ‘"Oh Jesus, you know I can't read these things. Just speak to me in English’. They should have sufficient knowledge in finance to cope with obstacles they encounter while operating their firm. In the real world, insufficient knowledge of leading people in a company might make wrong moves and drag their firm down.

Furthermore, Peter (Zachary Quinto), an analyst who wasn't fired had to work in constricted space of the Wall Street manager.  Risk managers play important role as they see the whole picture of the company.  However, the risk managers in this film only provide recommendation which is clearly not effective and adequate when financial crisis is hitting them.  In reality, investment bank’s success at subverting the risk management rules are nicely correlated with how terribly they performed while facing financial crisis. Therefore, the investment bank in the movie could have a better ending if every person in charged could provide more contribution to the company.

The article above shows my opinion toward this film. It is a film that worth your time to watch especially when you are interested in how company deal with financial crisis. Do watch if you are curious about the film .

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