#123movies #fmovies #putlocker #gomovies #solarmovie #soap2day Watch Full Movie Online Free – A close look behind the scenes, between late March and mid-October, 2008: we follow Richard Fuld’s benighted attempt to save Lehman Brothers; conversations among Hank Paulson (the Secretary of the Treasury), Ben Bernanke (chair of the Federal Reserve), and Tim Geithner (president of the New York Fed) as they seek a private solution for Lehman’s; and, back-channel negotiations among Paulson, Warren Buffet, investment bankers, a British regulator, and members of Congress as almost all work to save the U.S. economy. By the end, with the no-strings bailout arranged, modest confidence restored on Wall Street, and a meltdown averted, Paulson wonders if banks will lend.
Plot: An intimate look at the epochal financial crisis of 2008 and the powerful men and women who decided the fate of the world’s economy in a matter of a few weeks.
Smart Tags: #president #greed #new_york_city_new_york #sleeping_pill #cell_phone #new_york_city #meltdown #financial #bailout #congress #lehman_brothers #buffet #behind_the_scenes #secretary_of_the_treasury #banker #aig #moral_hazard #bear_stearns #kleptocracy #ceo #subprime_loan
|7.3/10 Votes: 16,122|
|7.1 Votes: 168 Popularity: 8.371|
Paulson was no altruistic hero
Unfortunately the filmmakers felt the need to create a “hero” of the piece — unlike the source book, which simply tells what happened. They chose Henry Paulson (William Hurt), ex-Goldman Sachs CEO turned Treasury Secretary. But the real-life Paulson is no hero.
The film makes a point that Paulson sold all his Goldman stock before becoming Treasury Sec, but fails to point out that he was excused from all taxes on the sale, which saved him upwards of $50 million.
The film also whitewashes Paulson’s $150 billion AIG bailout, claiming that AIG owed money to almost everybody in the world. In fact, AIG’s largest creditor was, that’s right, Goldman Sachs. Paulson failed to negotiate a hard-nosed payout of AIG’s obligations, such as offering creditors 50c on the dollar, which the creditors would have had no choice but to accept. This would have saved US taxpayers a cool $75 billion. But it would have hurt Paulson’s pals at Goldman.
My point being, Paulson was thoroughly compromised, and managed to feather his own nest and that of his old pals. What next? A stirring depiction of Dick Cheney’s altruistic hiring of Halliburton in Iraq? This shortcoming aside, the film clips along nicely, and it’s fun to see so many name actors portraying the Wall Street titans. James Woods is a perfect Dick Fuld.
first rate actors
It’s early 2008 and Lehman Brothers is falling. CEO Dick Fuld (James Woods) is stand-fast as he rejects an offer from Warren Buffett. He’s not willing to sell low as he expects to weather the storm. A few months later, Lehman Brothers is collapsing. Secretary of the Treasury Hank Paulson (William Hurt), Chairman of the Federal Reserve Ben Bernanke, and President of the New York Fed Tim Geithner among others are struggling to gather private interests to bail out the failing investment bank as the contagion spreads.
The actors are first rate. I assume the writing is well-researched. It’s a relatively clear telling of the events. As a narrative, it does lack the tension of an unknown story and the clarity of one lead character. This is a good companion piece to other docs about the subject.
Original Language en
Runtime 1 hr 39 min (99 min)
Genre Biography, Drama, History
Director Curtis Hanson
Writer Peter Gould, Andrew Ross Sorkin (book)
Actors James Woods, John Heard, William Hurt, Erin Dilly
Awards Nominated for 11 Primetime Emmys. Another 5 wins & 20 nominations.
Production Company N/A
Sound Mix Dolby Digital
Aspect Ratio 1.78 : 1
Camera Panavision Panaflex Millennium XL2, Panavision Primo Lenses
Laboratory PIX System, San Francisco (CA), USA (digital dailies)
Film Length N/A
Negative Format 35 mm (Kodak Vision3 500T 5219)
Cinematographic Process N/A
Printed Film Format Video (HDTV)