The film tells the story of the global financial crisis that erupted in 2008 , with U.S. Treasury Secretary Hank Paulson (as the main thread, documenting the decisions of the powerful figures who decided the fate of the world's largest economy in a matter of weeks. with action. In order to save the global economy and get rid of financial difficulties, not only Paulson did his best, but also Federal Reserve Chairman Ben Bernanke, Federal Reserve Bank of New York President Tim Geithner and others. personal relationships and channels. On top of that, Warren Buffett, investment bankers, UK regulators, and almost all MPs are involved in this no-fuss financial war
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Too Big to Fail movie plot
2022-06-24 14:11
Extended Reading
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Richard Fuld: [on the housing crisis] You know, people act like we're crack dealers. Nobody put a gun to anybody's head and said, "Hey, nimrod, buy a house you can't afford, and you know what? While you're at it, put a line of credit on that baby and buy yourself a boat."
Joe Gregory: [chuckles] You heard anything from Buffett?
Erin Callan: He's asking for preferred shares at 40, with a dividend of nine percent.
Richard Fuld: [annoyed] We were just at 66. What the fuck?
Joe Gregory: Maybe it's just an opening gambit, Dick.
Richard Fuld: Sounds more like a goddamn insult!
Erin Callan: Dick, we're at 36 right now. We haven't been anywhere near 66 in months. The markets like Buffett. His name will push the price up overnight.
Richard Fuld: You know, I don't care who he is. I am not spending $360 million a year for the pleasure of doing business with him. Real estate will come back.
Joe Gregory: Koreans have been sniffing around.
Richard Fuld: There you go. And they won't steal us blind. I've seen this before: CEOs panic and they sell out cheap. Right now, the Street's running around with its hair on fire, but the storm always passes. We stand strong, and on the other side, we'll eat Goldman's lunch.
Erin Callan: So what do we do about Buffett?
Richard Fuld: Screw Warren Buffett.
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Ben Bernanke: [Having breakfast with Henry Paulson] Lehman's down another 10%.
Henry Paulson: You are not gonna let me get down a single bite, are you?
Ben Bernanke: This is why I have oatmeal.