Margin Call Best Quote by Will Emerson

What Hacker News said

Recommends golergka · 2020-01 · on “Mozilla lays off 70”

Housing market got destroyed by people not paying back their loans. Assigning this to be a moral responsibility of banks and regulators is simplistic and naive. I had to search for this excellent clip from Margin Call, which explains this better than I could: [this video]

Cites candiodari · 2023-06 · on “When Markets Melt Down, These Traders Cash In”

I wonder how this strategy is affected by the 2008 experience. You see, back then all sorts of, frankly, illegal measures were used to prevent those who bet against the housing market to cash out. Markets were frozen, contracts and even stocks artificially priced, for most investors right until the contracts were worthless due to bankruptcy, as pointed out in "the Big Short". Yes, VERY few investors did exactly the right thing at exactly the right time and got lucky. [LINK] Wall Street outright lied to offload known crashed investments to unsuspecting buyers. Again, this is obviously highly illegal. Nobody got punished, we can argue about why not, but one can remark it would have seriously a

Cites crotchfire · 2024-02 · on “Institutions try to preserve the problem to which they are the solution”

> On a lot of these issues I feel we're all stuck on some rollercoaster ride that almost no one really likes, but also no one really has the courage to stop. As Will Emerson says in Margin Call : "Jesus, Seth. Listen, if you really wanna do this with your life you have to believe you're necessary and you are. People wanna live like this in their cars and big fuckin' houses they can't even pay for, then you're necessary. The only reason that they all get to continue living like kings is cause we got our fingers on the scales in their favor. I take my hand off and then the whole world gets really fuckin' fair really fuckin' quickly and nobody actually wants that. They say they do but they don'