Assault on Wall Street

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The truth is, on Wall Street

a lot of people just weren't

very good at their jobs.

It started out 16 months

ago as a mortgage crisis

and it slowly evolved

into a credit crisis.

We ask about the taxpayers

being on the hook,

guess what?

an unusual step for a lame duck

president, but the country...

Trying to be free

market advocate

when it's really an

"anything goes" mentality.

On Friday, Congress

finally passed

and President Bush

signed into law...

Begin to restore

strength and stability

will buy out Wall Street's

bad investments.

A full-blown

financial storm.

In just 6 months, 3 of the 5

biggest independent firms

on Wall Street have

now disappeared.

numbers are staggering

they don't begin to explain

the greed and incompetence

that created this mess.

No regulation, no

supervision, no discipline.

Terrible debt that was

gnified by reckless borrowing

and complex securities.

The idea that you could

lend money to someone

who could not pay it back is not

an inherently attractive idea.

I don't know why this

company's coming to Congress.

However it seemed to fly

with people who were making

$10 million a year.

They think they can take

that money

and do whatever

they wanna do.

They decide to punish

the country.

Neel Kashkari, the man

in charge of the bailout.

We're supposed to be with the

smartest investors in the

world

and they did it themselves.

I would call it criminal

neglect and incompetence.

They're certainly

not worth it.

Instead of helping consumers

with mortgages and loans.

People at the top of these

firms chose to look away,

to take more risk

to enrich themselves

and it is truly a crime.

What's our risk?

12 billion.

But we have a real

situation here,

our clients are

about to jump ship.

The problem is saving this

company, not the clients.

This company!

We shifted 4 billion

into deposits,

which leaves us with 8.

But that move only buys us

a few more weeks, at best.

I talked to Meryl, they said

they'd ensure the paper

for two weeks but they want

200 million to do it.

Two weeks is nothing, we need

two months at least.

No, it's time for triage.

It's time to dump the

certificates on the market,

all of them.

What about the pension

fund investors?

We're talking over

15 billion.

But if other houses

follow suit,

Our priority is saving this

house and f*** all the others!

Our responsibility begins

and ends with our partners

and our shareholders

and that's it.

Investors gamble, they lose,

that's the risk that

they agreed to take.

why should they complain when

they lose money on the market?

Sh*t happens, now dump it!

Dump it all

right f***ing now!

Even after we dump the stocks

we're still far too exposed

and we've got

no parachute here.

I'm gonna take care of that.

Charlotte?

with the secretary of treasury?

Will do.

Today.

Understood sir, today.

Thanks.

You heard Stancroft,

the entire company's

in jeopardy.

Yeah, with 51 million

in his pocket...

and you know as well as

I do, this is bullshit.

This is Stancroft and his

f***ing pissing contest

with his goddamn pluggers.

but we don't really

have a choice, do we?

All right people, listen up!

All right, I've got some

great news for you guys.

In the next three days

we are gonna increase

your incentives by 3 percent.

But I need you to get on

the horn and get all

your top clients

and really push the real

estate growth superfund.

As well, you will be receiving

a memo

in the next couple minutes

detailing all the products

that we need you guys

to unload.

Whoever sells the most

gets the largest bonus.

All right, let's go people!

Move it!

Get those numbers!

Sell, sell!

Hey girl.

Hey boy.

The good news,

as we can see here,

is that the tumors

are completely gone.

That's the good news.

Not bad news, just simply

less than good news.

which is why we're seeing a

recurrence of your symptoms.

But you got everything,

right?

Yes, we see this

on occasion.

Even though the tumors

are gone,

as it were as though

the tumor were still there.

Hormone injections once a

week, that's the first thing.

It's a tricky balancing act,

we'll have to monitor

your levels

until we find the right mix.

Also, your blood sugar level

has sky rocketed.

Again, as a result of the

gland's reaction to the tumor,

so we'll have to treat

you for diabetes.

But she's going to be

all right?

Oh yes, we just have a bit

more ways to get you there,

that's all.

What about, um... we were...

We were planning on

getting pregnant

before the diagnosis.

At this particular time, it

would be an extremely

high-risk pregnancy, both

for you and the baby.

but once we get you

to acceptable levels

with treatment,

which lowers the risk,

then by all means yes.

There's a new gene therapy

that certain patients

have responded well to,

which could get us

to normalcy faster.

It's a little on the

experimental side,

Sign us up, doc.

Yeah.

Excellent!

I know it's difficult but try

hard to relax and not to worry,

it only adds stress to

your system. Okay?

Thank you.

Thanks doc.

You're welcome.

It seems as if your coverage

cap limit has been reached.

Coverage cap limit,

what's that?

It's standard among

many insurers,

you really should call them.

But regarding today,

we'll need payment

Oh, okay... well we can

call in later to

reschedule, we'll talk.

No, no, no... fine, we'll

uh... we'll use the card.

I'm sure it's some

kind of mistake.

If I can get my wallet

out of my pocket...

there you go.

There.

Are you sure you wanna use

the card?

Am I sure?

Not really.

Just call them.

So, should we keep

next Tuesday then?

Yeah, why don't you just

call in and we can...

Okay. Thank you!

Thanks.

Thank you!

Bye.

Thanks.

Coverage cap?

This is the first time it's

ever been mentioned to me.

Now listen, I'm on the

phone to you guys

at least a hundred

times this year...

someone should've

said something.

Sir, it's clearly

stated in the...

I've been buried in a metric

ton of paperwork from you guys

Now, I can't be expected to

catch every line of fine print

from every letter.

I work 6, 7 days a week.

It's company policy, sir...

I get that it's

company policy

but that's got nothing to do...

I'm sorry, there's

nothing more we can do

for you at this point.

So what you're saying

is go f*** yourself,

have a nice day.

I sincerely doubt you're

at all apologetic.

You're not supposed to be,

right?

Mr. Baxford, I'm very sorry.

Sorry.

Oh, baby...

Jim, it's just... it's useless.

Don't say that.

It is, I mean, I'm just...

I'm stuck here and I can't work

and I'm sick all the time, and

you've been working so hard...

I'm working for us.

Jim, I read the invoice

and hormone treatments,

they cost $300 a shot.

That's on top of all

the other medication

and then the gene therapy,

they could be anywhere from

50,000 to 70,000,

and if the insurance

doesn't cover it...

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