Movie: Margin Call

The movie takes place over a 36-hour period at a large Wall Street investment bank and highlights the initial stages of the financial crisis of 20072008. The film does not depict any real Wall Street firm, but it is believed that closely depicts what happened inside Goldman Sachs during the crisis and what they did to avert the crisis and to escape in better shape than any other Wall Street firm. 1) Did any character in the film break the law or engage in conspiracy? Justify

2) The firms CEO, Jeremy Irons, made the decision to sell all the companys toxic assets. -would you consider that he did anything that could be labeled unquestionably immoral? Justify

- Think and reflect: What good could it possibly do for him to sacrifice himself and his firm and all his employees jobs if the decision makes no difference to the outcome (the complete collapse of the entire American financial system)? What would you do if you were in his position?

3) What did this company actions do to the other Wall Street firms?

4) After the crisis of 2008, all the major investment banks issued multiple statementssupporting a move by the federal government to impose regulatory reform. A regulatory reform was indeed enacted. i. Do some research and find what was the name of this legislation. ii. Provide a summary of the most important points of the legislation (no more than 2 paragraphs) iii. Would you think that this legislation will eliminate the possibility of another financial crisis in the future? (Hint: rewatch the ending scene)

5) Would you think that this legislation will eliminate the possibility of another financial crisis in the future? (Hint: rewatch last 10 minutes of the movie)