[[quoteright:300:http://static.tvtropes.org/pmwiki/pub/images/margin_call.jpg]]

->There are three ways to make a living in this business; be first, be smarter, or cheat. [[EvenEvilHasStandards 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.
-->-- '''John Tuld'''

A drama set in an investment bank during the financial crisis of 2007-2010 written and directed by J.C. Chandor with an AllStarCast. The story centers on a New York trading floor that has just gone through a cycle of layoffs. One of the laid-off staffers, financial risk analyst Eric Dale, passes on a program that he was in the middle of working on to his protegé, Peter Sullivan. Later that night, Peter examines the program and discovers a fatal problem in the firm's holdings and this discovery propels the movie.

----
!!Tropes:

* ArmorPiercingResponse: Sam emphatically tells Tuld his plan to sell off the toxic assets will not only mean no-one will trust the firm again, but no-one will even trust the ''market''. Tuld points out that if they don't sell the toxic assets there probably won't be a firm to save.
-->'''Sam''': You will never sell anything to those people ''ever again''.
-->'''Tuld''': I understand.
-->'''Sam''': Do you?
-->'''Tuld''': Do ''you''? This is IT! I'm telling you, this is '''it'''!
* ArtisticLicenseEconomics: The top executives of the bank don't understand the products they sell. Which unfortunately is [[RealityIsUnrealistic realistic]].
-->'''Will Emerson''': I don't even know what it is that you guys ''do''.
-->'''Sam Rogers''': I can't read that, explain it to me in English.
-->'''John Tuld''': Maybe you could tell me what you think is going on here. And please, speak as you might to a young, small, child. Or a golden retriever.
** It should be noted that all of them realize the problem once it is explained in English, they simply didn't understand the intricacies of the model that was used. Though the last character listed, the CEO, is the slowest to realize it.
* BasedOnATrueStory: The events are based on the real-life build up to the 2008 financial crisis and the collapse of Lehman Brothers. See also NoCelebritiesWereHarmed below.
* BlackAndGreyMorality: Numerous people point out on several occasions that their actions are about to result in financial meltdown. Numerous other characters point out that if they don't act, someone else will do it first and ruin ''them''.
* ChekhovsGun: Sam's dog, who we learn is terminally ill very early in the film. After a brief scene where he holds her shortly thereafter, she reappears only in the final scene, where he buries her in the front yard of the house he lost to his ex-wife.
* ClusterFBomb: All over the place. Not surprising since much of the film revolves meetings discussing extremely high stakes under considerable time pressure.
* CorruptCorporateExecutive: Most of the firm's senior managers, with the exception of Sam Rogers, who warns his boss and colleagues that the mass selloff they have planned to save the firm will destroy any credibility of the firm and anyone acting on its behalf have accumulated in the market. After it succeeds, he asks the company's president if he can leave the firm.
* DealWithTheDevil: The firm can save itself only if it engages in deceptive business practices on a massive scale for one trading day, causing large ripple effects around the entire market and costing it its hard-earned credibility and the trust of its customers.
* DrivenToSuicide: Toyed with by [[spoiler: Will just before Tuld arrives.]] Also a semi-serious concern with freshly-fired and unreachable Eric Dale. [[spoiler: He's fine and implies that he's been missing because he knows what is about to happen despite his efforts.]]
* DownerEnding: A ForegoneConclusion due to the actual 2008 economic crisis. The firm's plan works and the toxic assets are distributed throughout the economy, but they've ruined their own reputation for it. The film's most sympathetic characters are either unemployed, or unable to escape the corruption of the firm. To top it all off, the people most responsible neither suffer any real consequences nor learn anything. Near the end, Tuld comments [[HereWeGoAgain "there's going to be a lot of money to be made coming out of all this."]]
** At a Q&A, WordOfGod says that Seth was fired at the round of layoffs at the end and moved home to find work. Peter tried to quit like Sam, but was convinced to stay on anyway.
* EvilBrit: John Tuld. He's the most ruthless person in the film by a country mile.
* ExtremelyShortTimespan: The movie starts Thursday afternoon and ends Friday at 5 (except for an epilogue which is probably Friday night).
** [[spoiler: The fire-sale itself which everything hinges on takes place inside a handful of minutes, is almost completely told from Will's POV and is pretty much free of actual suspense.]]
* HistoryRepeats: Tuld points out that [[LongList financial crises have been around for as long as finance]]... and that there's always money to be made coming out of them in a speech that essentially puts a sugar-coating on HumansAreBastards.
-->'''Tuld''': So you think we might have put a few people out of business today, that it's all for naught. You've been doing that ''every day'' for almost forty years, Sam. And if this is all for naught then so is everything out there. It's just money; it's made up. Pieces of paper with pictures on it so we don't have to kill each other just to get something to eat. It's not ''wrong''. And it's certainly no different today than it's ever been. [[https://en.wikipedia.org/wiki/Tulip_mania 1637]], 1797, [[https://en.wikipedia.org/wiki/Panic_of_1819 1819]], [[https://en.wikipedia.org/wiki/Panic_of_1837 37]], [[https://en.wikipedia.org/wiki/Panic_of_1857 57]], 84, [[https://en.wikipedia.org/wiki/Panic_of_1901 1901]], 07, [[https://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929 29]], 1937, [[https://en.wikipedia.org/wiki/1973_oil_crisis 1974]], [[https://en.wikipedia.org/wiki/Black_Monday_(1987) 1987]]-Jesus, didn't that fuck up me up good-92, 97, 2000 and [[https://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%9308 whatever we want to call this]]. It's all just the same thing over and over; we can't help ourselves. And you and I can't control it, or stop it, or even slow it. Or even ever-so-slightly alter it. We just react. And we make a lot money if we get it right. And we get left by the side of the side of the road if we get it wrong. And there have always been and there always will be the same percentage of winners and losers, happy foxes and sad sacks, fat cats and starving dogs in this world. Yeah, there may be more of us today than there's ever been... but the percentages... they stay exactly the same.
* IDidWhatIHadToDo: A frequent justification invoked before and after the sell-off.
** Will Emerson even goes on a rant about this and how the average American was just as much to blame as they were
-->'''Will Emerson''': 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't. They want what we have to give them but they also wanna, you know, play innocent and pretend they have no idea where it came from. Well, thats more hypocrisy than I'm willing to swallow, so fuck 'em. Fuck normal people. You know, the funny thing is, tomorrow if all of this goes tits up they're gonna crucify us for being too reckless but if we're wrong, and everything gets back on track? Well then, the same people are gonna laugh till they piss their pants cause we're gonna all look like the biggest pussies God ever let through the door.
* IntelligenceEqualsIsolation: Peter Sullivan, a Ph.D in (literally) rocket science, stays in all evening to look over the file his boss gave him just before being laid off while his coworkers go out to nightclubs.
* JerkassHasAPoint: Cohen and Tuld's instinctive response to unload everything is fundamentally correct. Cohen might just be in over his head and scared but Tuld explains to Rogers in detail that he understands how damaging it will be for the firm - but that if the firm does nothing it will ''no longer exist,'' as he fully expects several others will not. In that case, reputation would not exactly be worth much.
* LaymansTerms: Almost all of the executives don't understand the nitty-gritty details of their own trade portfolio, nor of the risk models the valuations are based on, so Peter frequently provides simple explanations. Doubles as an {{Infodump}} for the audience.
* MoodLighting: Much of the film has a bluish tint to it to amplify the tension. This is justified due to the nighttime setting and the only available lighting being the fluorescent lights and the glow of the computer screens.
* UsefulNotes/NewYorkCity: The film was shot on location at 1 Penn Plaza (above Penn Station) on a floor recently vacated by a trading firm.
* NoCelebritiesWereHarmed: The name of John Tuld, the fictional bank's president, sounds a lot like Dick Fuld, the real-life president of Lehman Brothers, which went through an experience similar to the one depicted without the happy ending.
** John Tuld may also be based on John Thain, CEO of Merrill Lynch. Like the company in this film, Merrill Lynch underwent a massive sell of mortgage-based [=CDOs=] prior to the collapse of Lehman Brothers in 2008, reducing its toxic assets and putting it in a position to be acquired by Bank of America.
** Sarah Robertson may be based on Erin Callan, Lehman's CFO, who also passed on concerns about the firm's position from her subordinates but was forced to take the fall anyway.
** Also has shades of NoCommunitiesWereHarmed. The firm remains unnamed, but is a sort of combination of Lehman Bros, Bear Sterns, and Goldman Sachs. Indeed, when the original script was still unproduced, the film's Blacklist logline was "the last 24 hours of Lehman Brothers."
* NoNonsenseNemesis: Tuld is this in spades especially to the more ethically upstanding Sam. He's relentlessly pragmatic in initiating a market crash.
* OhCrap: The second act of the film is essentially a long string of [[OhCrap Oh Craps]] progressing higher up the pecking order until they reach the CEO.
* OnlyInItForTheMoney: Pretty much everyone.
* PetTheDog: Sam's dog has cancer and his ex-wife allows him to bury it in their former yard.
** After the sale [[spoiler: Sam asks John if they're going to keep Peter, to which John replies that Peter is being promoted.]]
** Eric [[spoiler:is dragged into the office on the day of the fire sale and paid $176,471 an hour to do absolutely nothing.]]
* PoorCommunicationKills: The firm can't reach Eric in part because his company phone was turned off. [[LaserGuidedKarma By the firm itself, no less.]]
* PunchClockVillain: Everybody in the movie, although only Jared Cohen, Sarah Robertson, and John Tuld come close to any actual villainy.
* PyrrhicVictory: Even it the bank survives, they've ruined their relationships with their customer base and fellow traders, and screwed the market.
* ReasonableAuthorityFigures: Peter's reception by the many different levels of bosses he meets is limited to well-justified concern of if he got an "eight-trillion dollar equation" right. It goes remarkably smoothly considering he's telling said bosses the world is going to end, the firm may not survive, and everyone is going to lose millions (in Tuld's case, implied to be ''hundreds of millions'') and/or their jobs.
* RightHandVersusLeftHand: When Eric Dale is laid off in the opening scene, he holds the key to what is about to happen. Though his associate is able to finish his work, throughout the movie the firm is now looking for him but can't find him because when he was laid off they turned off his cell phone.
* RippedFromTheHeadlines: Although not based upon any specific bank, the situation was common. However, some reviewers thought the actions of the bank were a justifiable way of protecting their stockholders but most viewed the bank's actions as unethical and even criminal. And in a strange coincidence, the film was released right around the same time the Occupy Wall Street protests started.
* RuleOfSymbolism: The dog. The sound of Sam digging the grave plays over the credits.
* RuleOfThree: The page quote.
* RunningGag: "How much did _____ make last year?"
* SceneryPorn: Many views of the Midtown Manhattan skyline from office windows, building roofs and helicopters.
* SpeechCentricWork: It's a rare moment in the film where someone isn't talking.
* AStormIsComing: Emerson, explaining that he saves a bit of his money for a rainy day, uses the metaphor to describe the crisis that is about to go down.
* TakeAThirdOption: Defied by Tuld; see the page quote. The magnitude of the diaster proves to be so great that, coupled with the risks of one of their competitors figuring it out before they do, there's only one option open and it must be executed instantly.
* VillainProtagonist: All of the main characters qualify to some extent. While several characters question the morality of what they are doing, none of them actually do anything to stop it. This is exemplified by the two most sympathetic characters:
-->'''Peter Sullivan''': Are you sure it's the only... er, the right thing to do?
-->'''Sam Rogers''': For who?
-->'''Peter Sullivan''': I'm not sure.
-->'''Sam Rogers''': Neither am I.

----