字幕表 動画を再生する 英語字幕をプリント Please... sit down Welcome everyone, I must apologize for dragging all here at such an uncommon hour But from what I've been told this matter needs to be dealt with urgently So urgently in fact probably should have been addressed weeks ago but that is spilt milk under the bridge So, why doesn't somebody tell me what they think is going on here Mr. Tuld as i had mentioned earlier if you compare the figure at the top of page 13 Jerry, it's a little early for all that just speak to me in plain English.....ok Infact, i would like to speak to the guy put this together.. Mr. Sullivan is it? Does he speak English?.... Sir? I'd like to speak to the analyst who seems to have stumbled across this mess... certainly that would be Peter Sullivan right here. Oh, Mr. Sullivan you're here Good morning, maybe you could tell me what you think is going on here and please speak as you might to a young child or a golden retriever it wasn't brains that got me here I'll assure you of that. Well um..... sir as you may or may not know I work here for Mr. Rogers as an associate in the risk assessment and management office and MBS..Please just relax, stand up and tell us the cowboys what is the nature of the bone? okay uh.. well as you probably know over the last 36 to 40 months the firm has begun packaging new MBS products that combine several different tranches of rating classification in one tradable security this has been enormously profitable as I imagined you noticed.... I have well the firm is currently doing a considerable amount of this business every day Now the problem, which is I guess why we are here tonight is, that it takes us the firm about a month to layer these products correctly thereby posing a challenge from a risk management standpoint... and Mr Sullivan that challenge is? Well, we have to hold these assets on our books longer than we might ideally like to yes? but the key factor here is these are essentially just mortgages so that has allowed us to push the leverage considerably beyond what you might be willing or allowed to do in any other circumstance there by pushing the risk profile without raising any red flags now.... Thank you Mr. Sullivan, sit down.. what I'm guessing your report here says and I give me some rope here what I'm guessing it says is that considering that shall we say a bumpy road we've been on the last week or so that the figures you're brilliant co-workers up the line ahead of you come up with don't make much sense anymore considering what's taking place today actually not what's taking place today but what's already taken place over the last two weeks so you're saying this has already happened? sort of ..Sort of.. and Mr. Sullivan what does your model say that that means for us here? well that's where it becomes a projection..but...um... You're speaking with me Mr. Sullivan. well sir... if those assets decreased by just twenty-five percent and remain on our books, that loss would be greater than the current market capitalization of this entire company so, what you're telling me is that music is about to stop and we're going to be left holding the biggest bag of odorous excrement ever assembled in the history of capitalism Sir i'm not sure that i would... put it that way but let me clarify using your analogy what this model shows.. is the music so to speak just slowing..if the music would have stopped as you put it then this model wouldn't be even close to that scenario it would be considerably worse let me tell you something Mr.Sullivan, do you care to know why i'm in this chair with you all I mean why i earn the big bucks yes.... I'm here for one reason and one reason alone I'm here to guess what the music might do a week, a month, a year from now that's it nothing more I'm standing here tonight i'm afraid that i don't hear a thing ....just silence.... so now that we know the music has stopped what can we do about it Mr. Cole, Miss Roberts I'm afraid I think this is where you were supposed to step back in Lord knows we've relied enough on Mr.Sullivan tonight what do you have for us? what have i told you since the first day you stepped into my office? there are three ways to make a living in this business the first is smarter or cheat Now I don't cheat and although i like to think we have some pretty smart people in this building it sure is a hell of a lot easier to just be first... Sell it all, today Is that even possible, Sam? Yes, but at what cost? I have to pay... really?.... i think so where is this gonna come back to us?... everywhere Sam I don't think you've seem to understand what your boy here has just said..... if I made you how would you do it? well you call the traders in for the normal 6:30 meeting and you be honest with them because they're gonna know it's the end either way, so you're gonna have to throw him a bone and a pretty big one and then you've got to come out of the gate storming no swaps no nothing forty percent done by 10:15 by eleven o'clock all your trades have to be gone because by lunchtime words going to be out and by two o'clock you're gonna be selling at 65 cents on the dollar if you're lucky and then the feds are gonna be in here up your ass trying to slow you down Ramesh? they can slow you down but they can't stop you she wants to sell ..but John even if we manage to pull that off and that's saying something.... the real question is, who are we selling this to? same people we've been setting it to the last two years and whoever else will buy it ...but John if you do this you will kill the market for years it's over and you're selling something that you know has no value we are selling to willing buyers at the current fair market price... so that we may survive... You will never sell anything to any of those people ever again I understand... do you? - do you? this is it.... I'm telling you, this is it... that's four o'clock... Jared, you got till five to break this down, draw me up a plan Is there anybody else who knows what's in here at the moment block by block? Eric Dale.. and where is he? as of today he's no longer with the firm we have been trying to locate him Carmelo? yes... get me Eric Dale here by six...It's done...We meet back here in an hour
A2 初級 米 マージンコール2011 ジェレミー・アイアンズ ケビン・スペイシー (Margin Call 2011 Jeremy Irons Kevin Spacey) 66 4 Jeffery Huang に公開 2021 年 01 月 14 日 シェア シェア 保存 報告 動画の中の単語