Posts Tagged ‘Stanley Tucci’

Margin Call  (2011)  —  movie review
Today’s movie review is for a movie I originally saw parts of on YouTube and have been wanting to watch ever since.  It finally came down to $5 at Vudu, so I now have the rights to stream it anytime I want to.  This is not the same as “owning” a copy, but that’s a subject for another blog post.
This movie is an attempt to portray dramatically “something” like what “probably” happened at a number of banks, investment companies and other financial trading companies during the financial meltdown of 2008.  As such, the title (“term”) Margin Call is a bit of a misnomer.
A “margin call” can happen when something (anything) is purchased with “leverage”, ie. a loan, you only put up a portion of the perceived value of the item, AND promise that if the value of the item decreases by some amount agreed as part of the leveraged purchase, you will add more money.
For example:  You “buy” something with 10% of its value, so you have 90% leverage.  If the price goes up 10%, you make 100% of your money on the 10% of the value.  If, however, the price drops more than the agreed amount – which is always less than the amount you “invested”, you will get a call from the broker who arranged the leverage (loan of the the difference) and you will be asked for more money.  This is the “margin call”.  If you cannot bring more money to the table to answer the call, you lose your entire initial investment.
The above situation is NOT what is happening in the movie.  What is “described” in the movie appears to be temporary financial exposure caused by holding investments of undetermined value during a period of market volatility.  At least that is what I think they were describing.  Basically, they hold mortgage back securities of questionable value, and, for some reason not fully explained, must hold the securities for 30 days to establish the value.  However, due to market volatility during the hold period, the value of the securities can decrease below the call value and the amount on call would be greater than the total capital of the entire company BECAUSE the company is a leader and position setter in this market.  In fact (in the movie), this has happened multiple times in the prior two weeks, but the market recovered before the end of the day closing so (fortunately) calls were never issued.  But the potential exposure remains.
Anyway, the problem is – there is trouble in River City and it’s right now.  Eric Dale (played by Stanley Tucci) is a Risk Analyst at some big money firm.  (We never find out if it’s a bank or investment firm or what.)  He is fired and instead of “just” leaving, he passes on a file describing the problem to his junior, Peter Sullivan (played by Zachary Quinto).  Because he was educated as a “Rocket Scientist”, Peter figures out the problem and kicks the information upstairs to his new boss – Will Emerson (played by Paul Bettany).  Blah, blah, blah — same to Sam Rogers (played by Kevin Spacey) to Jared Cohen (played by Simon Baker) and Sarah Robertson (played by Demi Moore), until it finally reaches the big Kahuna: John Tuld (played by Jeremy Irons).
The decision is made to clear the market and dump everything before the rest of the world discovers the questionable value of the securities.  The three rules for making money in investment: Be First, Be Smarter, or Cheat.  While the dumping is technically not “cheating”, it is lying to their customers.  But, hey, survival of the fittest…
Does the movie work?  Is it interesting?  Is it realistic?  And, is it any good?  So-so.  Yes.  Yes.  And, so-so.  If you don’t have financial background, you will only “get” that this movie is about screwing the other guy before the collapse.  I found it interesting, particularly in contrast with “The Big Short“, another movie dealing with the 2008 bubble burst and the two “Wall Street” movies.  As I really wasn’t sure what the problem with the securities was, it was hard for me to decide if it was realistic there.  Was it an accurate portrayal of “screw the other guy and get ours first” attitude – 100% realistic.  So, is it a good movie?  Well, I enjoyed it, so I guess that means yes.  Even if I question the ethics of the results…
Final recommendation: strong.  I doubt the average person will understand background “why” any more than I did.  I think the average person watching this will think: “This is how the little guys get screwed by Wall Street”.  I think they’d be justified in thinking this.
One more note: having personally been through several lay-offs (as a “survivor” and a victim), I found this portion of the movie to be VERY accurate as a depiction of corporate America.
On This Day In:
2017 Distant Goal
2016 More Lives
2015 Go Shopping More
2014 Say What?
2013 Accepting Beauty
2012 Transitional Choice To Ride The Wave
2011 Freedom Isn’t Always Perfect
Just That Simple

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Over the last couple of days I watched a couple of movies and read a book.  In order, the two movies were: “Captain America: The Winter Soldier“, “Transformers: Age Of Extinction“, and the book was: “Casca: The Eternal Mercenary #1” (1979©).
It’s been a year since my first review of CA:TWS (see original review here).  Well, I picked up the DVD and thought I’d take another look.  My initial review is still pretty much spot on…  This is a look at the darker side of technology as used by today’s governments to try to “maintain” security and “protect” the people.  It is also a general statement about the need to minimize secret organizations – even when they purport to be providing security and protection, as it is far too easy for them to fall into the wrong hands.  Final recommendation: still highly recommended!
The second movie T4:AoE also came out in 2014 and stars Mark Wahlberg as Cade Yeager (a more-or-less unemployed robotics expert and single parent living in Texas and, of course, trying to mind his own business), Nicola Peltz as Tessa Yeager (Cade’s daughter, who when threatened, becomes daddy’s reason to get even with the bad-guys), Stanley Tucci as Joshua Joyce (a billionaire corporatist who thinks a lot of himself and yells a lot at his minions), Kelsey Grammer as Harold Attinger (the CIA bad-guy and front for the evil transformers), Jack Reynor as Shane Dyson (the daughter’s boyfriend and a race car driver).
This is a movie with lots of sound effect (explosions) and special effects (mostly computer generated transformers but also explosions), who’s main purpose seems to be to move away from the main human characters of the three previous movies and create a new thread for the franchise to follow.  Fair enough, but is the movie any good?  Within the strict paradigm of an action movie (large robots fighting, car chases, and multiple explosions) – yes, it does.  Quite well, in fact.  If you are looking for simple-minded entertainment (please don’t even try to think about the plot), this is a high quality production which delivers action and explosions.  My one “real” fault with the movie is it is loonnggg – 2 hours and 45 minutes – and actually seems longer.  I don’t usually say that about “action” movies, but this felt too long.
Final recommendation: moderate to strong recommendation.  If you’re into the Transformer movies (and I am), you’ll enjoy this addition.  If you believe this is just another movie to market toys to youth, well, yeah, it’s that too.
The book – Casca: TEM#1, is the first in an ongoing series of books about a fictional / mythical character – based on the Roman Legionnaire who put the lance in Jesus Christ’s side.  There are 42 books in the series so far.  In this first book, Jesus looks down at Casca and says: “You are content with what you are.  Then that you shall remain until we meet again.”  Henceforth, Casca is cursed to live forever – or at least until the second coming.  Each book in the series is about a segment of his 2,000 years (so far).  The series was initially written by Barry Sadler of “Ballad of the Green Berets” fame.  I have the first 22 volumes in the series.  These are the ones written by Sadler (or at least ghost written for him with his name on the book).  I have not read any of the subsequent volumes.  This volume covers most of his first two centuries of life – Roman rule times.
The books are adult, historical fantasy / fiction.  The main character is Casca Rufio Longinus and is loosely based on the Christian legend Saint Longinus.  Being Catholic and knowing a little (very little) about the Spear of Destiny, I picked the book up and thought I’d have a laugh.  I was very pleasantly surprised that it completely captivated me.  In fact, I’ve read the book several times, about once a decade, since I purchased it back in the early 1980’s.  I’ve also re-read a few of the other volumes, but they never seemed to capture me the same way this initial book did.
Final recommendation:  Highly recommended book (and series).  If you enjoy historically based fiction about combat / war, this is a very good book / series.  Caution: it can be graphic in the depiction of violence so this is not appropriate for youth – probably up to late teens.
On This Day In:
2014 True, Vibrant And Open
2013 Remembering, Yet Again
2012 Something Of Value
2011 Sleep All Day

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