Margin Call: Fiction, Or How Financiers Rob the Economy?
With continued unhappiness toward Wall Street, a new movie hit theaters on Friday that may have come at a good time.
Margin Call, called a “psychological drama” is a 24-hour story that takes place at a hard-hit New York investment firm. A group of executives spend a frazzled evening trying to correct an incorrect bet made by the firm.
It is set against 2008 economic events that hit major banks (NYSE:KBE) and brokerages (NYSE:XLF) but according to J.C. Chandor, the movie’s writer and director, it doesn’t necessarily take place at that time.
“The actual film has absolutely no time-stamping,” cautions writer-director J.C. Chandor. “The company is unnamed. There are no dates. For me, it was really important that this could have taken place in 2004, in 2005, in 2003.”
He added that 2007 events had actually inspired the film and some reports have said the film is based on a company similar to Lehman Brothers.
The movie came in with a relatively low budget of $3.5 million and includes a talented cast with Kevin Spacey, Jeremy Irons, Stanley Tucci, Paul Bettany, Simon Baker and Demi Moore.