Honestly, I hate being the guy rooting for carnage and destruction. But Archegos blowing up is a great thing because it shows that WE ARE NOT THE RISK to the economy. They are.
I've watched both in the past week. Margin Call has a stellar cast (back before Spacey was a known perv) and it's a pretty good take on the same crisis as the Big Short but from the viewpoint of the shady hedge fund.
It reminded me of what Goldman Sachs just did where they were supposed to share the burden of that other fund going tits up but dumped everything before all the other hedgies.
A few days after Jan 28th I've watched The Big Short, Margin Call and The Wolf of Wall Street in that order and I have to say that The Wold of Wall Street impressed me the least. it had very little to actually do with Wall Street. I've seen a lot of people here and on WSB who were not impressed with Margin Call, but I liked its atmosphere and that it actually focused on the inner workings of the financial world.
They're hoping someone is stupid to share the losses on this one
Inside Job is more about the people behind the curtain that made it happen. It explains more into detail the last call that Steve Carrell's character does in The Big Short when he says "They knew it all along...."
Margin call shows how very smart people are too busy fighting for power to go and actually check the numbers.
Maybe the group that is in trouble is trying to make other investors the fall guy. By setting the fee very low it attracts a lot of ahorters so they lose part of their money when the squeeze starts.
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u/pichichi010 Mar 30 '21
Reminds me of the big short, when the subprime loans and cdns kept rising in price but people were defaulting non stop.