Tuesday, November 1, 2011

The Market Stars in 'Margin Call'

By Doug French
 
The 99 percent occupying Wall Street won't get much satisfaction from J.C. Chandor's Margin Call.
 
The occupiers want to believe that the 1 percent is Gordon Gekko stepping on their throat. Half the protesters are aged 20–29, highly educated, in hock up to their ears in student-loan debt, and unemployed. Surely this is someone's fault. The 99ers want what Wall Street has to offer: money, power, and a black town car to pick them up and shuttle them to and from work each day.
 
Forget peace on earth: these folks want to be Masters of the Universe. And they don't understand why their freshly minted diplomas haven't made that possible. However, the money, power, and lifestyle only percolates to a few; and when the asset bubbles pop, the party is over, and the falls from grace severe.
 
Margin Call opens with corporate soldiers being carried out on their shields, dismissed in the open, while those who remain nervously wonder if they are next.
 
Young members of the risk-management department of the mythical… (Read more)
 
Source: Mises.org

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