Dealers, brokers, clients, your *mother* if she's buying. And... no swaps, it's outgoing...
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Quote
Sam Rogers:
Thank you all for coming in a little early this morning. I know yesterday was pretty bad and I wish I could say that today is gonna be less so, but that isn't gonna be the case. Now I'm supposed to read this statement to you all here, but why don't you just read it on your own time and I'll just tell you what the fuck is going on here. I've been here all night... meeting with the Executive Committee. And the decision has been made to unwind a considerable position of the firm's holdings in several key asset classes. The crux of it is... in the firms thinking, the party's over as of this morning. There's gonna be considerable turmoil in the Markets for the foreseeable future. And *they* believe it is better that this turmoil begin with us. As a result, the firm has decided to liquidate its majority position of fixed income MBS... today. These are your packets, you will see what accounts you're responsible for, today. I'm sure it hasn't taken you long to understand the implications of this sale, on your relationships with your counter parties and as a result... on your careers. I have expressed this reality to the Executive Committee, and they understand. As a result, if you achieve a 93% sale of your assets, you will receive a 1.4 million dollar one-off bonus. If the floor as a whole achieves a 93% sale, you will get an additional 1.3 million dollars apiece. For those of you who've never been through this before, this is what the beginning of a fire sale looks like. I cannot begin to tell you how important the first hour and half is gonna be. I want you to hit every bite you can find: dealers, brokers, clients, your *mother* if she's buying. And... no swaps, it's outgoing only, today. Obviously this is not going down the way that any of us would have hoped, but... the ground is shifting below our feet, and apparently, there's no other way out.
Transcript
00:00:01.000 --> 00:00:02.092
on your careers
00:00:02.794 --> 00:00:06.097
I have expressed this reality to the executive committee
00:00:07.048 --> 00:00:08.055
and they understand
00:00:08.841 --> 00:00:10.343
As a result
00:00:10.343 --> 00:00:14.001
if you achieve a 93 sale of your assets
00:00:14.013 --> 00:00:19.144
you will receive a 1 4 million one off bonus
00:00:19.435 --> 00:00:23.485
If the floor as a whole achieves a 93 sale
00:00:23.094 --> 00:00:29.288
you will get an additional 1 3 million apiece
00:00:30.655 --> 00:00:33.704
For those of you who have never been through this before
Clip duration: 35 seconds
Views: 177
Timestamp in movie: 01h 27m 34s
Uploaded: 25 March, 2022
Genres: drama, thriller
Summary: Follows the key people at an investment bank, over a 24-hour period, during the early stages of the 2008 financial crisis.
Comments
Actors
00:36 Do you know I built a bridge once
00:08 Listen nothing I'm gonna say is going to make you feel...
00:13 You're one of the luckiest guys in the world Sam
00:12 Fuck you soft You're panicking
00:21 Jesus fucking Christ Who is that guy
00:30 I didn't think they were going to be able to get you...
00:36 Are you all right
00:19 Are you sure it's the only
00:10 You tired
00:18 Well we were wrong
00:08 Well you're a better man than me
00:10 Look at these people
00:27 How old are you
00:11 But sometimes in acute situations such as this
00:37 What's your background
00:04 Well I don't see any other choice
00:14 Hey Eric
00:08 At the time it didn t seem like there was much of a choice
00:08 Well that was fucking hideous
00:26 I understand that