Movie review – How a group of bankers blew the global economy

2012-01-13 11:27

Film: Margin Call (Ster Kinekor)
Director: JC Chandor
Featuring: Kevin Spacey, Paul Bettany, Simon Baker, Demi Moore, Stanley Tucci, Zachary Quinto and Jeremy Irons
Rating: 7/10

If you are seeing one film this weekend – make it this one.

If you don’t really get what the hell happened in 2008 when Wall Street and Canary Wharf went into freefall and took the global economy with them, this film’s for you. As Jeremy Irons’ character says: “Explain it to me as you would to a small child or a golden retriever” – and the film does just that, giving those of us who are slow to add up numbers a chance to see how a bunch of guys in sharp suits made money and made it disappear.

Zachary Quinto – most famous for his role as Sylar in the TV series Heroes – is a young risk analyst who spots the problem. In a nutshell, the investment firm he works for has far more debt on its books than the company is worth.

What follows is a taut thriller about the actions of the elite group of people desperate to save their jobs and big bonuses at the expense of their colleagues at other firms and the man in the street.

The cast of heavyweights gives the film gravitas, but the writer and director JC Chandor gives it more. He is the son of a man who worked at Merrill Lynch for 30 years so he has enough insider knowledge to make this film very close to the truth.

Margin Call is a cautionary tale about the dangers of reckless gambling and living beyond your means. As one financial whizz-kid in the film says, if he wasn’t working at an investment firm he’d be at the bookies putting all his money on number six. The film lifts the veil on a world – the banking sector – most of us don’t really understand.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.

Inside News24

 
/News

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.