White Collar Crime in Margin Call Essay

User Generated

fbfb2008

Humanities

Description

chose one of these movie

The Big Short
Duplicity
The Insider
The Informant
Lord of War
Margin Call
Owning Mahowny

Enron: The Smartest Guys in the Room (documentary)

Synopsis of the film; describe and analyze the fraud/crime committed in the movie
Overall white collar-theme of the film
Description of the protagonist(s) and the dilemma he/she/they faced
Personality, conduct, and motivations of the perpetrator(s)
Components of the Fraud Triangle may be present.
Application of other fraud theories, as appropriate
What harm resulted and who were the victims?
The specific offense at issue, including applicable laws
How was the offense prosecuted, defended, or adjudicated or how might it have been?
Also ,consider:
Victimization and victim psychology
Moral ambiguity and societal response
Immoral and/or illegal conduct
Enforcement/Punishment
Other observations or responses

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Explanation & Answer

Attached.

Introduction
Analyzing white collar crime in Margin call
Paragraph 1
- The film begins with a massive layoff in a major trading firm.
- One of the members of staff who is let go is the head of the risk management, Eric Dale.
Paragraph 2
- Will Emerson, the head of the trading desk, informs Sam Rodgers, head of the trading
floor about the firm's current predicament, and they both present the disturbing findings
to Jared Cohen, the division head
- Cohen convenes an emergency strategy meeting with other executives to mitigate losses
Paragraph 3
- Even though Dale had already been let go, he is forced back because he is the only
outsider who knows what is going on at the firm
- Besides, failure to participate would culminate in the suspension of his health benefits
and benefits for the next two positions
Paragraph 4
- Sam is tasked with incentivizing and motivating the floor traders to liquidate their
assigned amounts of mortgage-based securities as soon as possible after the opening bell
to any willing buyer
- The traders are authorized to dispose of the securities at highly discounted rates, up to
65 cents on the dollar regardless of the loss incurred by the firm.
Paragraph 5
- The firm manages to clear its positions of the toxic securities amidst suspicion by other
firms that all was not well
- Another round of layoffs ensues in the aftermath, but Sam and Sullivan retain their jobs


Running head: MARGIN CALL: AN ANALYSIS

Margin Call: An Analysis
Name
Institution

1

MARGIN CALL: AN ANALYSIS

2
Margin Call: An Analysis

The film begins with a massive layoff in a major trading firm. One of the members of
staff who is let go is the head of the risk management, Eric Dale. Before leaving, Dale hands
over a disk drive containing part of a project he had been working on about the financial
situation of the trading firm to a risk analyst, Peter Sullivan. Dale instructs Sullivan to go over
the project but cautions him to be careful with the details. Sullivan burns the midnight oil, trying
to look into Dale's project and reach a sensi...


Anonymous
Really helpful material, saved me a great deal of time.

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