More than one audience member felt that the reason Margin Call seemed so depressing was that the events depict on-screen actually occurred, a small group of traders leaving the economies of the world to deal with their reckless actions. Like the real word, the film a large financial firm is populated by a myriad of people some who are very well-paid and do very little and others who are very effective but wield little influence. Margin Call recounts a thirty-six hours period when a risk management analyst realizes the precarious position that the heavily-leveraged firm has created for itself and …
Client 9: The Rise and Fall of Eliot Spitzer
So often, documentaries are praised because they bring interesting information to light, not because of the director’s craft or production values. The documentary combines interviews with archival footage, mixing objective facts with subjective opinions. Viewers leave the theatre believing that they have been totally informed about the latest crisis which is about to erupt when in fact they were only shown highlights of one side of the issue. The works can still be a productive use of two hours but one must keep their critical thinking filters on at all times. At first glance, Client 9: The Rise and Fall …
Discourse on Documentaries, Part II: Education and Finance
The good documentary will chronicle the events which comprise an important issue, explaining exactly what is happening and outlining its significance. The excellent documentary will not only accomplish those goals but determine how the events transpired and suggest how the issue might be resolved. Due to the visual medium, it does not hurt to grab the audience’s attention with a hint of humour or a drop of drama. Two films – Waiting for Superman (**½) and The Inside Job (***½) – entertain and inform viewers. While both raise interesting questions, only one provides answers and proposes the next steps to …
The Big Short
When people think they know more than they actually do, the potential for massive mistakes multiplies. Or, as outlined in The Big Short by Michael Lewis, there is a potential for absolutely astronomical errors. Following the mantra that “Greed is Good,” Wall Street banks create securities out of thin air and sell them to others who can neither calculate risk correctly nor price it appropriately. Some firms take positions against what they are selling to their customers as conflicts of interest abound. The oversight of ratings agencies and the United States Treasury is entirely absent. Incompetence and ignorance are mixed …