Forum Post: Margin Call
Posted 11 years ago on Dec. 29, 2012, 12:52 p.m. EST by stevebol
(1269)
from Milwaukee, WI
This content is user submitted and not an official statement
Anyone see this movie? Some have called it right wing propaganda but I don't see it at all. Two of the main characters have math skills that are way beyond average and the movie revolves around them. If Wall Street wasn't completely dependent on these people before 2008 you can bet they are now.
Wall Street seems to be made up of three groups; those at the bottom that sell, those in the middle that are basically scientists, and those at the top. Those at the top are shielded with bonuses, bailouts, possibly breeding, and who knows what else. Above all they are shielded because of their inability to do serious number crunching.
These firms rely on a single formula. I would imagine the formula takes into account things like trends and consumer (I hate that word) confidence. Inotherwords, it's all guess work.
If a business is too big to fail but also too dumb to succeed where does that leave us? Our future seems to rely on the guess-work of people who have absolutely no skills other than to look good in a suit.
The movie doesn't address the business of bailouts but how can we as a society bailout a group of people that choose a life of illusion?
In high school math, those at the top and the middle bifurcated. One flies everything on a tangent while the other stays on a secant. Needless to say, the one at the bottom provides the really hot blasts.
I don't believe the social structure of Wall Street is based on math. Not sure what you're getting at.