Friday, October 28, 2011

RAVE - Margin Call

Perhaps strange to give props to a story about how the global Finance community royally screwed us, but it's the telling of this story that places it so much higher than Oliver Stone's Wall Street: Money Never Sleeps. 

The film starts with a large slice of one Wall Street brokerage firm getting laid off, and then develops as the dirty laundry is uncovered. Admittedly, this re-telling focuses more on the extent to which the brokerage is exposed, rather than the sub-prime mortgages, dodgy loans and other corporate excesses (all bundled together as "toxic loans") that caused the exposure. 

I'm not sure whether to be more surprised by the enormity of the financial train wreck, or the fact that two of the brokerage's senior executives cannot read a spreadsheet. 

When the top guys meet for a pow-wow, it's apparent none of them are Excel-aware. Jeremy Irons looks like a more angular Mitt Romney, which doesn't bode well should the flip-flopping Mormon get elected as our next president. 

No doubt the real life experiences of many of these finance types aged them tremendously, but Kevin Spacey and Demo Moore are looking really OLD.

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