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* AnOfferYouCannotRefuse: Ten banks - Goldman Sachs, JP Morgan Chase, Morgan Stanley, Citibank, Bank of America and Merrill Lynch, State Street, Wells Fargo, are forced to accept the TARP funds as a loan. While Paulson can't legally obligate them to take the loans, he threatens them with the possibility that if even ''one'' bank refuses the help, the market will see ''nine'' banks that are supposedly close to failure, panic and collapse the entire economy. Paulson then states that in this nightmare scenario, Treasury will have to impose even ''worse'' conditions on them, either via bankruptcy restructuring or nationalization. They all fall in line.
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* {{Jerkass}}: Lehman CEO Dick Fuld.
* JerkassHasAPoint: For all the blame the banks got for pushing subprime mortgages, the fault of the customers who overextended themselves financially can't be ignored. Dick Fuld's statement below may be [[IncrediblyLamePun dickish]] but correct.
-->''' "People act like we are crack dealers. Nobody put a gun to their head and told them to buy a house they couldn't afford, then get a line of credit on that baby and buy a boat while you're at it."'''
* JerkassHasAPoint: For all the blame the banks got for pushing subprime mortgages, the fault of the customers who overextended themselves financially can't be ignored. Dick Fuld's statement below may be [[IncrediblyLamePun dickish]] but correct.
-->''' "People act like we are crack dealers. Nobody put a gun to their head and told them to buy a house they couldn't afford, then get a line of credit on that baby and buy a boat while you're at it."'''
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* {{Jerkass}}: Lehman CEO Dick Fuld.
* JerkassHasAPoint: For all the blame the banks got for pushing subprime mortgages, the fault of the customers who overextended themselves financially can't be ignored. Dick Fuld's statement below may be [[IncrediblyLamePun dickish]] but correct.
-->''' "People act like we are crack dealers. Nobody put a gun to their head and told them to buy a house they couldn't afford, then get a line of credit on that baby and buy a boat while you're at it."'''
* {{Misblamed}}: The Big 5 bank [=CEOs=] and the French Finance Minister Christine Lagarde lay into Paulson for forcing Lehman to declare bankruptcy. The bank heads are livid because a British regulator didn't unfreeze Lehman's assets, preventing their clients from selling off whatever Lehman stock they had. They blame Paulson for not handling this detail with the British before he made Lehman file. Lagarde rips him for allowing Lehman to fail in the first place, as many European institutions had invested in it. They are blaming the wrong person, as it was actually Lehman's job to negotiate these details of their own bankruptcy proceeding. Lagarde doesn't realize that multiple attempts were made to save Lehman, and they all failed due to [[IncrediblyLamePun Dick Fuld's dickishness]] or their sheer financial weakness.
** Lagarde's complaint may be political in nature - one step Paulson never ever considered was to ''nationalize'' Lehman, which is something many other developed nations do to save an ailing company. The USA hasn't nationalized a company in like forever.
* JerkassHasAPoint: For all the blame the banks got for pushing subprime mortgages, the fault of the customers who overextended themselves financially can't be ignored. Dick Fuld's statement below may be [[IncrediblyLamePun dickish]] but correct.
-->''' "People act like we are crack dealers. Nobody put a gun to their head and told them to buy a house they couldn't afford, then get a line of credit on that baby and buy a boat while you're at it."'''
* {{Misblamed}}: The Big 5 bank [=CEOs=] and the French Finance Minister Christine Lagarde lay into Paulson for forcing Lehman to declare bankruptcy. The bank heads are livid because a British regulator didn't unfreeze Lehman's assets, preventing their clients from selling off whatever Lehman stock they had. They blame Paulson for not handling this detail with the British before he made Lehman file. Lagarde rips him for allowing Lehman to fail in the first place, as many European institutions had invested in it. They are blaming the wrong person, as it was actually Lehman's job to negotiate these details of their own bankruptcy proceeding. Lagarde doesn't realize that multiple attempts were made to save Lehman, and they all failed due to [[IncrediblyLamePun Dick Fuld's dickishness]] or their sheer financial weakness.
** Lagarde's complaint may be political in nature - one step Paulson never ever considered was to ''nationalize'' Lehman, which is something many other developed nations do to save an ailing company. The USA hasn't nationalized a company in like forever.
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* DarkestHour: Even after bailing out AIG, the market plunge ''just ... won't ... stop''!! No matter how much money the Fed and Treasury try to inject into the market, it just will not stop the downward trend. Paulson can't sleep and is despondent that the whole financial system will collapse.
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* HeroOfAnotherStory: UsefulNotes/BarackObama and John [=McCain=], who are only briefly mentioned a few times, were fighting each other for the US Presidency. That battle is depicted in a different Network/{{HBO}} movie, Film/GameChange.
** Erin Callan, the woman Wall Street thought was a joke, would go on to have her own compelling story of displacement, divorce, depression, fleeing to the Hamptons to get away, finding a new love in a retired firefighter and 9-11 hero, attempted suicide and eventual recovery. That could have inspired a dramatic movie too.
** Jamie Dimon would go on to become the Villain Of A Different Storie, with the LIBOR London Whale trading scandal.
** Erin Callan, the woman Wall Street thought was a joke, would go on to have her own compelling story of displacement, divorce, depression, fleeing to the Hamptons to get away, finding a new love in a retired firefighter and 9-11 hero, attempted suicide and eventual recovery. That could have inspired a dramatic movie too.
** Jamie Dimon would go on to become the Villain Of A Different Storie, with the LIBOR London Whale trading scandal.
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-->''"The plane that we flew in on this morning was leased from AIG... Construction downtown, AIG! Life insurance, 81 million policies with a face value of 1.9 trillion! Billions of dollars in teachers' pensions. It's everywhere!! You want [[TitleDrop too big to fail]], here it is!!"''
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* TheFettered: Both Paulson and Bernanke are extremely uncomfortable with bailing out institution after institution, with no legislation. In their view, they can't act like behind the scenes puppet masters pulling the strings, not in a democracy.
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The movie had an AllStarCast playing various bank [=CEOs=], with Creator/BillPullman playing JP Morgan Chase CEO Jamie Dimon, [[Series/{{Monk}} Tony Shalloub]] playing Morgan Stanley CEO John Mack, [[Film/FullMetalJacket Mathew Modine]] playing Merrill Lynch CEO John Thain, [[Series/SexAndTheCity Cynthia Nixon]] playing Treasury Department spokeswoman Michelle Davis and Creator/TopherGrace playing Treasury Department Chief of Staff Jim Wilkinson. Longtime character actors William Hurt and Paul Giamatti play Treasury Secretary Paulson and Federal Reserve Chairman Ben Bernanke respectively. Billy Cruddupp played New York Federal Reserve President and future Treasury Secretary Timothy Geithner. Kathy Baker plays Paulson's wife.
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The movie had an AllStarCast playing various bank [=CEOs=], with Creator/BillPullman playing JP Morgan Chase CEO Jamie Dimon, [[Series/{{Monk}} Tony Shalloub]] playing Morgan Stanley CEO John Mack, [[Film/FullMetalJacket Mathew Modine]] playing Merrill Lynch CEO John Thain, [[Series/SexAndTheCity Cynthia Nixon]] playing Treasury Department spokeswoman Michelle Davis and Creator/TopherGrace playing Treasury Department Chief of Staff Jim Wilkinson. Longtime character actors William Hurt and Paul Giamatti play Treasury Secretary Paulson and Federal Reserve Chairman Ben Bernanke respectively. Billy Cruddupp played New York Federal Reserve President and future Treasury Secretary Timothy Geithner. Kathy Baker plays Paulson's wife.
wife Wendy.
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** However, the truly colossal level of idiocy was displayed by AIG. They agreed to insure a monumental amount [[note:]] All subprime mortgages issued by half the world's banks [[/note]] of risky subprime loans, just so the fees and premiums keep coming in. Unlike Lehman whose damage from collapse was containable, AIG would have taken down the entire financial system with them.
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** However, the truly colossal level of idiocy was displayed by AIG. They agreed to insure a monumental amount [[note:]] [[note]] All subprime mortgages issued by half the world's banks [[/note]] of risky subprime loans, just so the fees and premiums keep coming in. Unlike Lehman whose damage from collapse was containable, AIG would have taken down the entire financial system with them.
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* RousingSpeech: SEC chairman Chris Cox tries an AppealToPatriotism but it falls on deaf ears. Jamie Dimon gives one that convinces the other banks to pool in money and buy Lehman's worthless assets.
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* RousingSpeech: SEC chairman Chris Cox tries an AppealToPatriotism AppealToFlattery but it falls on deaf ears. Jamie Dimon gives one that convinces the other banks to pool in money and buy Lehman's worthless assets.
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** However, the truly colossal level of idiocy was displayed by AIG. They agreed to insure a monumental amount of risky subprime loans, just so the fees and premiums keep coming in. Unlike Lehman whose damage from collapse was containable, AIG would have taken down the entire financial system with them.
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** However, the truly colossal level of idiocy was displayed by AIG. They agreed to insure a monumental amount [[note:]] All subprime mortgages issued by half the world's banks [[/note]] of risky subprime loans, just so the fees and premiums keep coming in. Unlike Lehman whose damage from collapse was containable, AIG would have taken down the entire financial system with them.
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-->'''"The plane that we flew in on this morning was leased from AIG... Construction downtown, AIG! Life insurance, 81 million policies with a face value of 1.9 trillion! Billions of dollars in teachers' pensions. You want [[TitleDrop too big to fail]], here it is!!"'''
to:
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-->'''"The plane that we flew in on this morning was leased from AIG.
--> Construction downtown, AIG! Life insurance, 81 million policies with a face value of 1.9 trillion! Billions of dollars in teachers' pensions. You want [[TitleDrop too big to fail]], here it is!!"'''
--> Construction downtown, AIG! Life insurance, 81 million policies with a face value of 1.9 trillion! Billions of dollars in teachers' pensions. You want [[TitleDrop too big to fail]], here it is!!"'''
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-->'''"The plane that we flew in on this morning was leased from AIG.
-->AIG... Construction downtown, AIG! Life insurance, 81 million policies with a face value of 1.9 trillion! Billions of dollars in teachers' pensions. You want [[TitleDrop too big to fail]], here it is!!"'''
-->
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-->'''"The plane that we flew in on this morning was leased from AIG. Construction downtown, AIG! Life insurance, 81 million policies with a face value of 1.9 trillion! Billions of dollars in teachers' pensions. You want [[TitleDrop too big to fail]], here it is!!"'''
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-->'''"The plane that we flew in on this morning was leased from AIG. AIG.
--> Construction downtown, AIG! Life insurance, 81 million policies with a face value of 1.9 trillion! Billions of dollars in teachers' pensions. You want [[TitleDrop too big to fail]], here it is!!"'''
--> Construction downtown, AIG! Life insurance, 81 million policies with a face value of 1.9 trillion! Billions of dollars in teachers' pensions. You want [[TitleDrop too big to fail]], here it is!!"'''
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-->'''"The plane that we flew in on this morning was leased from AIG. Construction downtown, AIG! Life insurance, 81 million policies with a face value of 1.9 trillion! Billions of dollars in teachers' pensions. You want [[TitleDrop too big to fail]], here it is!!"'''
-->--'''Henry Paulson''' ''United States Secretary of Treasury''
-->--'''Henry Paulson''' ''United States Secretary of Treasury''
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* AppealToForce: Paulson says that if the Big 5 banks don't help Lehman by buying its toxic assets, "we will remember".
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* ObstructiveBureaucrat: Barclay's government regulator. Just when it looks like a deal has been made in which Lehman's good assets will be sold to it, while the "Big 5" American banks buy up the worthless real estate assets, after a lot of arm twisting from Paulson, this regulator denies Barclay permission to do the deal, saying "We don't want to import your cancer!" This forces Lehman to file for bankruptcy and liquidate themselves completely. But this regulator doesn't stop there. He freezes Lehman's stock, preventing shareholders from quickly divesting themselves off it. This inability to short sell Lehman's soon to be worthless stock causes them to panic and sell all their other stocks, causing the market to plummet instead of stabilize.
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* ObstructiveBureaucrat: Barclay's government regulator.regulator Sir Callum [=McCarthy=]. Just when it looks like a deal has been made in which Lehman's good assets will be sold to it, while the "Big 5" American banks buy up the worthless real estate assets, after a lot of arm twisting from Paulson, this regulator denies Barclay permission to do the deal, saying "We don't want to import your cancer!" This forces Lehman to file for bankruptcy and liquidate themselves completely. But this regulator doesn't stop there. He freezes Lehman's stock, preventing shareholders from quickly divesting themselves off it. This inability to short sell Lehman's soon to be worthless stock causes them to panic and sell all their other stocks, causing the market to plummet instead of stabilize.stabilize.
** The SEC chairman Chris Cox starts spouting StrawmanPolitical platitudes about the "proper role of government" when Paulson yells at him for not forcing Lehman to file for bankruptcy before the worldwide markets open.
* RousingSpeech: SEC chairman Chris Cox tries an AppealToPatriotism but it falls on deaf ears. Jamie Dimon gives one that convinces the other banks to pool in money and buy Lehman's worthless assets.
** The SEC chairman Chris Cox starts spouting StrawmanPolitical platitudes about the "proper role of government" when Paulson yells at him for not forcing Lehman to file for bankruptcy before the worldwide markets open.
* RousingSpeech: SEC chairman Chris Cox tries an AppealToPatriotism but it falls on deaf ears. Jamie Dimon gives one that convinces the other banks to pool in money and buy Lehman's worthless assets.
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* SirSwearsALot: Dick Fuld. His very first utterance is a PrecisionFStrike. And then he just keeps on going.
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* SirSwearsALot: Dick Fuld. His very first utterance is a PrecisionFStrike. And then he just keeps on going.going.
* WhatAnIdiot: Hooooo boy, Dick Fuld!!
** His first idiotic move is to refuse a pretty good asking price from Warren Buffet, not realizing that his company stock is in a tailspin.
** His next blunder is to waltz in on a delicate negotiation underway between his COO and a group of Korean investors. The COO had carefully negotiated a deal in which the Koreans would only buy Lehman's good assets, with the bad real estate assets being spun off into a shell company and liquidated separately. Fuld comes in and tries to convince the Koreans to buy his real estate assets too, undoing all the work his COO had done. Understandably, the Koreans are furious and walk out.
** Bank of America comes sniffing around. They are not quite interested, but still show up. Fuld never tries to ease their concerns and "sell" his bank's worth. Instead he just sits there and grumbles about Paulson not giving Lehman a bailout like Bear Sterns got.
** However, the truly colossal level of idiocy was displayed by AIG. They agreed to insure a monumental amount of risky subprime loans, just so the fees and premiums keep coming in. Unlike Lehman whose damage from collapse was containable, AIG would have taken down the entire financial system with them.
* WhatAnIdiot: Hooooo boy, Dick Fuld!!
** His first idiotic move is to refuse a pretty good asking price from Warren Buffet, not realizing that his company stock is in a tailspin.
** His next blunder is to waltz in on a delicate negotiation underway between his COO and a group of Korean investors. The COO had carefully negotiated a deal in which the Koreans would only buy Lehman's good assets, with the bad real estate assets being spun off into a shell company and liquidated separately. Fuld comes in and tries to convince the Koreans to buy his real estate assets too, undoing all the work his COO had done. Understandably, the Koreans are furious and walk out.
** Bank of America comes sniffing around. They are not quite interested, but still show up. Fuld never tries to ease their concerns and "sell" his bank's worth. Instead he just sits there and grumbles about Paulson not giving Lehman a bailout like Bear Sterns got.
** However, the truly colossal level of idiocy was displayed by AIG. They agreed to insure a monumental amount of risky subprime loans, just so the fees and premiums keep coming in. Unlike Lehman whose damage from collapse was containable, AIG would have taken down the entire financial system with them.
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* AudienceSurrogate: Michelle Davis occasionally slides into this role. Other times, she acts like a typical political spin doctor.
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* ExperiencedProtagonist: Paulson is the US Treasury Secretary, the top financial person in the entire federal government. And just so you don't forget, his previous job as Goldman Sachs CEO is brought up over and over.
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* InsistentTerminology: Michelle Davis insists on calling a bailout a "large capital infusion".
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* GodzillaThreshold: Different people have their own impressions of what that threshold (financially speaking) is. The banks think that Bear Sterns' collapse was it, Geithner, Obama and the Chinese government think it is Fannie and Freddie failing, Christine Lagarde the French Finance Minister thinks it is Lehman's failure. Paulson thinks the threshold has been reached with AIG's imminent collapse. Wilkinson and Kashkari thinks it hasn't been reached yet.
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* GodzillaThreshold: Different people have their own impressions of what that threshold (financially speaking) is. The banks think that Bear Sterns' collapse was it, Geithner, Obama and the Chinese government think it is Fannie and Freddie failing, Christine Lagarde the French Finance Minister thinks it is Lehman's failure. Lloyd Blankfeld the CEO of Goldman Sachs thinks the threshold is hit when Jeffery Immelt the CEO of GE calls Paulson. Paulson thinks the threshold has been reached with AIG's imminent collapse. Wilkinson and Kashkari thinks it hasn't been reached yet.
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* CriticalResearchFailure: Warren Buffet isn't the world's richest man. He is second to Bill Gates in personal net worth.
* DiablousExMachina: See ObstructiveBureaucrat
* DiablousExMachina: See ObstructiveBureaucrat
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* RussianReversal: Paulson jokes that he doesn't know if Vikram Pandit is running Citibank, or if Citibank is running him.
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* DiabolousExMachina: See ObstructiveBureaucrat
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* DiabolousExMachina: DiablousExMachina: See ObstructiveBureaucrat
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* ArtisticLicenseFinamce: Warren Buffet isn't the world's richest man. He is second to Bill Gates in personal net worth.
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* CriticalResearchFailure: Warren Buffet isn't the world's richest man. He is second to Bill Gates in personal net worth.
* DiabolousExMachina: See ObstructiveBureaucrat
* DiabolousExMachina: See ObstructiveBureaucrat
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* HopeSpot: There are multiple hope spots for Lehman, but Dick Fuld's incompetence ensures that none of them work. When Warren Buffet makes an offer, Fuld turns him down due to an inflated sense of Lehman's worth. When Korean investors come to the negotiating table, and it looks like the new COO has made a deal that works, [[note]] The toxic real estate assets would be spun off into a different company which would eventually dispose of them, either by government assistance or by sitting and waiting till home prices eventually recovered. The Koreans would only buy Lehman's good non real estate assets. [[/note]] Fuld blunders in and forces the Koreans to nix that. Barclay's Bank comes looking for a deal, but an ObstructiveBureaucrat kills that deal too.
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* ObstructiveBureaucrat: Barclay's government regulator. Just when it looks like a deal has been made in which Lehman's good assets will be sold to it, while the "Big 5" American banks buy up the worthless real estate assets, after a lot of arm twisting from Paulson, this regulator denies Barclay permission to do the deal, saying "We don't want to import your cancer!" This forces Lehman to file for bankruptcy and liquidate themselves completely. But this regulator doesn't stop there. He freezes Lehman's stock, preventing shareholders from quickly divesting themselves off it. This inability to short sell Lehman's soon to be worthless stock causes them to panic and sell all their other stocks, causing the market to plummet instead of stabilize.
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The movie also initially follows Lehman Brothers CEO Dick Fuld played by Creator/JamesWoods as he tries and ultimately fails to save his bank. All steps are taken including an attempt to sell the bank piecemeal to several banks. The movie explores the stock market crash of mid September 2008, what role Lehman's failure played in it, and how the impending failure of insurance MegaCorp AIG pushed the economy over the edge. The movie also explores the ancillary role that the presidential election campaigns played during the crisis. The final part of the movie goes into the rationale behind the controversial Troubled Assets Releif Program aka the bank bailouts.
to:
The movie also initially follows Lehman Brothers CEO Dick Fuld played by Creator/JamesWoods as he tries and ultimately fails to save his bank. All steps are taken including an attempt to sell the bank piecemeal to several banks. The movie explores the stock market crash of mid September 2008, what role Lehman's failure played in it, and how the impending failure of insurance MegaCorp AIG pushed the economy over the edge. The movie also explores the ancillary role that the presidential election campaigns played during the crisis. The final part of the movie goes into the rationale behind the controversial Troubled Assets Releif Relief Program aka the bank bailouts.
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-->''' "People act like we are crack dealers. Nobody put a gun to their head and told them to buy a house they couldn't afford, then get a line of credit on that baby and buy a boat while you're at it."'''
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-->''' "People act like we are crack dealers. Nobody put a gun to their head and told them to buy a house they couldn't afford, then get a line of credit on that baby and buy a boat while you're at it."'''"'''
* HowWeGotHere: The whole movie is one about the TARP bank bailout. A beginning montage showed how real estate prices ballooned up, then a series of news reports show the subprime mortgage crisis and the Bear Sterns bailout. The reason for the subprime mortgage crisis is explained in detail midway through the movie.
* ItsAllAboutMe / NeverMyFault : Dick Fuld.
** Presidential candidate John [=McCain=] has shades of such behavior when the TARP bill is brought before Congress. He suspends his campaign ostensibly to "solve" the crisis, but Paulson and his staff think he is looking to opportunistically take some credit. The bill was ready to go, but [=McCain=] apparently walked in and demanded it be stalled just so he could add his footprint to it.
* SirSwearsALot: Dick Fuld. His very first utterance is a PrecisionFStrike. And then he just keeps on going.
* HowWeGotHere: The whole movie is one about the TARP bank bailout. A beginning montage showed how real estate prices ballooned up, then a series of news reports show the subprime mortgage crisis and the Bear Sterns bailout. The reason for the subprime mortgage crisis is explained in detail midway through the movie.
* ItsAllAboutMe / NeverMyFault : Dick Fuld.
** Presidential candidate John [=McCain=] has shades of such behavior when the TARP bill is brought before Congress. He suspends his campaign ostensibly to "solve" the crisis, but Paulson and his staff think he is looking to opportunistically take some credit. The bill was ready to go, but [=McCain=] apparently walked in and demanded it be stalled just so he could add his footprint to it.
* SirSwearsALot: Dick Fuld. His very first utterance is a PrecisionFStrike. And then he just keeps on going.
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* GodzillaThreshold: Different people have their own impressions of what that threshold (financially speaking) is. The banks think that Bear Sterns' collapse was it, Geithner, Obama and the Chinese government think it is Fannie and Freddie failing, Christine Lagarde the French Finance Minister thinks it is Lehman's failure. Paulson thinks the threshold has been reached with AIG's imminent collapse. Wilkinson and Kashkari thinks it hasn't been reached yet.
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* ArtisticLicenseBusiness: Warren Buffet isn't the world's richest man. He is second to Bill Gates in personal net worth.
to:
* ArtisticLicenseBusiness: ArtisticLicenseFinamce: Warren Buffet isn't the world's richest man. He is second to Bill Gates in personal net worth.worth.
* BigApplesauce: Not surprising, considering that the movie is about large banks.
* FromBadToWorse: Lehman's share price drops 30%, then it drops from mid sixties to low twenties, then a deal with Korean investors falls through, then Bank of America walks away, opting to buy Merrill Lynch instead. Then the stock price hits single digits, then a deal with Barclays in the UK goes up in smoke. Finally Lehman is forced to declare bankruptcy and completely liquidate all its assets, effectively dying.
** The US economy also suffers from this. First, the number of homeowners defaulting on their mortgages rises, then the number of foreclosure a increase. Then a number of small non-bank mortgage lenders go under, then larger companies such as Countrywide Financial go under and get bought up by big banks, then Bear Sterns has to sell itself to Chase, then Fannie Mae and Freddie Mac book losses, forcing the government to nationalize them. Then Lehman collapses, followed by Merrill Lynch getting swallowed up by Bank of America. Finally AIG is on the brink of going down, taking the whole financial system with it, forcing the government to act to stabilize it.
* BigApplesauce: Not surprising, considering that the movie is about large banks.
* FromBadToWorse: Lehman's share price drops 30%, then it drops from mid sixties to low twenties, then a deal with Korean investors falls through, then Bank of America walks away, opting to buy Merrill Lynch instead. Then the stock price hits single digits, then a deal with Barclays in the UK goes up in smoke. Finally Lehman is forced to declare bankruptcy and completely liquidate all its assets, effectively dying.
** The US economy also suffers from this. First, the number of homeowners defaulting on their mortgages rises, then the number of foreclosure a increase. Then a number of small non-bank mortgage lenders go under, then larger companies such as Countrywide Financial go under and get bought up by big banks, then Bear Sterns has to sell itself to Chase, then Fannie Mae and Freddie Mac book losses, forcing the government to nationalize them. Then Lehman collapses, followed by Merrill Lynch getting swallowed up by Bank of America. Finally AIG is on the brink of going down, taking the whole financial system with it, forcing the government to act to stabilize it.
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* JerkassHasAPoint: For all the blame the banks got for pushing subprime mortgages, the fault of the customers who overextended themselves financially can't be ignored.
->''' "People act like we are crack dealers. Nobody put a gun to their head and told them to buy a house they couldn't afford, then get a line of credit on that baby and buy a boat while you're at it."'''
->''' "People act like we are crack dealers. Nobody put a gun to their head and told them to buy a house they couldn't afford, then get a line of credit on that baby and buy a boat while you're at it."'''
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* JerkassHasAPoint: For all the blame the banks got for pushing subprime mortgages, the fault of the customers who overextended themselves financially can't be ignored. \n->''' Dick Fuld's statement below may be [[IncrediblyLamePun dickish]] but correct.
-->''' "People act like we are crack dealers. Nobody put a gun to their head and told them to buy a house they couldn't afford, then get a line of credit on that baby and buy a boat while you're at it."'''
-->''' "People act like we are crack dealers. Nobody put a gun to their head and told them to buy a house they couldn't afford, then get a line of credit on that baby and buy a boat while you're at it."'''
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* JerkassHasAPoint: "People act like we are crack dealers. Nobody put a gun to their head and told them to buy a house they couldn't afford, then get a line of credit on that baby and buy a boat while you're at it." For all the blame the banks got for pushing subprime mortgages, the fault of the customers who overextended themselves financially can't be ignored.
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* JerkassHasAPoint: For all the blame the banks got for pushing subprime mortgages, the fault of the customers who overextended themselves financially can't be ignored.
->''' "People act like we are crack dealers. Nobody put a gun to their head and told them to buy a house they couldn't afford, then get a line of credit on that baby and buy a boat while you're at it." For all the blame the banks got for pushing subprime mortgages, the fault of the customers who overextended themselves financially can't be ignored."'''
->''' "People act like we are crack dealers. Nobody put a gun to their head and told them to buy a house they couldn't afford, then get a line of credit on that baby and buy a boat while you're at it.
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* JerkassHasAPoint: "They act like we are drug dealers. Nobody asked people to buy a house they couldn't afford, then
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* JerkassHasAPoint: "They "People act like we are drug crack dealers. Nobody asked people put a gun to their head and told them to buy a house they couldn't afford, thenthen get a line of credit on that baby and buy a boat while you're at it." For all the blame the banks got for pushing subprime mortgages, the fault of the customers who overextended themselves financially can't be ignored.
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The movie had an AllStarCast playing various bank [=CEOs=], with Creator/BillPullman playing JP Morgan Chase CEO Jamie Dimon, [[Series/{{Monk}} Tony Shalloub]] playing Morgan Stanley CEO John Mack, [[Film/FullMetalJacket Mathew Modine]] playing Merrill Lynch CEO John Thain, [[Series/SexAndTheCity Cynthia Nixon]] playing Treasury Department spokeswoman Michelle Davis and Creator/TopherGrace playing Treasury Department Chief of Staff Jim Wilkinson. Longtime character actors William Hurt and Paul Giamatti play Treasury Secretary Paulson and Federal Reserve Chairman Ben Bernanke respectively. Billy Cruddupp played New York Federal Reserve President and future Treasury Secretary Timothy Geithner. Kathy Baker plays Paulson's wife.
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The movie had an AllStarCast playing various bank [=CEOs=], with Creator/BillPullman playing JP Morgan Chase CEO Jamie Dimon, [[Series/{{Monk}} Tony Shalloub]] playing Morgan Stanley CEO John Mack, [[Film/FullMetalJacket Mathew Modine]] playing Merrill Lynch CEO John Thain, [[Series/SexAndTheCity Cynthia Nixon]] playing Treasury Department spokeswoman Michelle Davis and Creator/TopherGrace playing Treasury Department Chief of Staff Jim Wilkinson. Longtime character actors William Hurt and Paul Giamatti play Treasury Secretary Paulson and Federal Reserve Chairman Ben Bernanke respectively. Billy Cruddupp played New York Federal Reserve President and future Treasury Secretary Timothy Geithner. Kathy Baker plays Paulson's wife.wife.
The movie contains examples of
* ArtisticLicenseBusiness: Warren Buffet isn't the world's richest man. He is second to Bill Gates in personal net worth.
* {{Jerkass}}: Lehman CEO Dick Fuld.
* JerkassHasAPoint: "They act like we are drug dealers. Nobody asked people to buy a house they couldn't afford, then
The movie contains examples of
* ArtisticLicenseBusiness: Warren Buffet isn't the world's richest man. He is second to Bill Gates in personal net worth.
* {{Jerkass}}: Lehman CEO Dick Fuld.
* JerkassHasAPoint: "They act like we are drug dealers. Nobody asked people to buy a house they couldn't afford, then
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''Too Big to Fail'' wasn't just the infamous phrase we heard a '''lot''' during the economic crash of 2008. It is also a Network/{{HBO}} television movie dramatization of the events that transpired from July 2008 till October 2008 when the decision to bailout all major banks was made. The dramatization serves as a near 90 minute long HowWeGotHere from the perspective of US Treasury Secretary Henry "Hank" Paulson and his staff consisting of Neel Kashkari, Michelle Davis and Jim Wilkinson.
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''Too Big to Fail'' wasn't just the infamous phrase we heard a '''lot''' during the economic crash of 2008. It is also a 2011 Network/{{HBO}} television movie dramatization of the events that transpired from July 2008 till October 2008 when the decision to bailout all major banks was made. The dramatization serves as a near 90 minute long HowWeGotHere from the perspective of US Treasury Secretary Henry "Hank" Paulson and his staff consisting of Neel Kashkari, Michelle Davis and Jim Wilkinson.
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The movie had an AllStarEnsemble playing various bank [=CEOs=], with Creator/BillPullman playing JP Morgan Chase CEO Jamie Dimon, Creator/TonyShalloub playing Morgan Stanley CEO John Mack, Creator/MathewModine playing Merrill Lynch CEO John Thain, Creator/CynthiaNixon playing Treasury Department spokeswoman Michelle Davis and Creator/TopherGrace playing Treasury Department Chief of Staff Jim Wilkinson.
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The movie had an AllStarEnsemble AllStarCast playing various bank [=CEOs=], with Creator/BillPullman playing JP Morgan Chase CEO Jamie Dimon, Creator/TonyShalloub [[Series/{{Monk}} Tony Shalloub]] playing Morgan Stanley CEO John Mack, Creator/MathewModine [[Film/FullMetalJacket Mathew Modine]] playing Merrill Lynch CEO John Thain, Creator/CynthiaNixon [[Series/SexAndTheCity Cynthia Nixon]] playing Treasury Department spokeswoman Michelle Davis and Creator/TopherGrace playing Treasury Department Chief of Staff Jim Wilkinson.Wilkinson. Longtime character actors William Hurt and Paul Giamatti play Treasury Secretary Paulson and Federal Reserve Chairman Ben Bernanke respectively. Billy Cruddupp played New York Federal Reserve President and future Treasury Secretary Timothy Geithner. Kathy Baker plays Paulson's wife.
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Changed line(s) 1 (click to see context) from:
''Too Big to Fail'' wasn't just the infamous phrase we heard a '''lot''' during the economic crash of 2008. It is also a Network/{{HBO}} television movie dramatization of the events that transpired from July 2008 till October 2008 when the decision to bailout all major banks was made. The dramatization serves as a near 90 minute long HowWeGotHere from the perspective of US Treasury Secretary Henry "Hank" Paulson and his staff consisting of Neel Kashkari, Michelle Davis and.
to:
''Too Big to Fail'' wasn't just the infamous phrase we heard a '''lot''' during the economic crash of 2008. It is also a Network/{{HBO}} television movie dramatization of the events that transpired from July 2008 till October 2008 when the decision to bailout all major banks was made. The dramatization serves as a near 90 minute long HowWeGotHere from the perspective of US Treasury Secretary Henry "Hank" Paulson and his staff consisting of Neel Kashkari, Michelle Davis and.and Jim Wilkinson.
The movie also initially follows Lehman Brothers CEO Dick Fuld played by Creator/JamesWoods as he tries and ultimately fails to save his bank. All steps are taken including an attempt to sell the bank piecemeal to several banks. The movie explores the stock market crash of mid September 2008, what role Lehman's failure played in it, and how the impending failure of insurance MegaCorp AIG pushed the economy over the edge. The movie also explores the ancillary role that the presidential election campaigns played during the crisis. The final part of the movie goes into the rationale behind the controversial Troubled Assets Releif Program aka the bank bailouts.
The movie had an AllStarEnsemble playing various bank [=CEOs=], with Creator/BillPullman playing JP Morgan Chase CEO Jamie Dimon, Creator/TonyShalloub playing Morgan Stanley CEO John Mack, Creator/MathewModine playing Merrill Lynch CEO John Thain, Creator/CynthiaNixon playing Treasury Department spokeswoman Michelle Davis and Creator/TopherGrace playing Treasury Department Chief of Staff Jim Wilkinson.
The movie also initially follows Lehman Brothers CEO Dick Fuld played by Creator/JamesWoods as he tries and ultimately fails to save his bank. All steps are taken including an attempt to sell the bank piecemeal to several banks. The movie explores the stock market crash of mid September 2008, what role Lehman's failure played in it, and how the impending failure of insurance MegaCorp AIG pushed the economy over the edge. The movie also explores the ancillary role that the presidential election campaigns played during the crisis. The final part of the movie goes into the rationale behind the controversial Troubled Assets Releif Program aka the bank bailouts.
The movie had an AllStarEnsemble playing various bank [=CEOs=], with Creator/BillPullman playing JP Morgan Chase CEO Jamie Dimon, Creator/TonyShalloub playing Morgan Stanley CEO John Mack, Creator/MathewModine playing Merrill Lynch CEO John Thain, Creator/CynthiaNixon playing Treasury Department spokeswoman Michelle Davis and Creator/TopherGrace playing Treasury Department Chief of Staff Jim Wilkinson.
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Added DiffLines:
''Too Big to Fail'' wasn't just the infamous phrase we heard a '''lot''' during the economic crash of 2008. It is also a Network/{{HBO}} television movie dramatization of the events that transpired from July 2008 till October 2008 when the decision to bailout all major banks was made. The dramatization serves as a near 90 minute long HowWeGotHere from the perspective of US Treasury Secretary Henry "Hank" Paulson and his staff consisting of Neel Kashkari, Michelle Davis and.
