Margin Call Page #5

of the current fair market price.

So that we may survive.

You will never sell anything

to any of those people ever again.

I understand.

- Do you?

- Do you?

This is it!

I'm telling you. This is it.

Now, it's 4:
00.

Jared, you've got till 5:00 to

break this down and draw me up a plan.

Is there anybody else who knows what's

in here at the moment, block by block?

Eric Dale.

And where is he?

As of today, he's no longer with the firm.

We have been trying to locate him.

- Carmelo.

- Yes.

Get me Eric Dale here by 6:30.

It's done.

We meet back here in an hour.

Sam, let's talk.

This is a hell of a town.

I've always loved this place,

since the day I arrived.

Everything about it.

Sam, are you going to go with me on this?

I don't know, John.

This one is very ugly.

You and I, we're salesmen.

We sell. That's what we do.

It's not complicated.

Exactly.

And you know damn well

you don't sell anything to anybody

unless you think they're gonna

come back for more.

That's the lesson we learned.

And tomorrow, we're done.

But this is it, Sam.

You keep saying that.

What's that supposed to mean?

This is the big one.

Most of us aren't going to

make it out of this one.

- Us?

- The Street.

What are you talking about?

This isn't the last situation

I'm gonna have to deal with this week.

This is just the start.

It's the start 'cause you're starting it.

Maybe. But I don't believe that.

Not this time.

The numbers,

they just don't add up any more.

I agree with you there.

I've been saying that for years.

If this kid out there can

come up with this, then...

Look, I just don't think I can

walk in there knowing what I know

and put the hammer down on these guys.

When did you start getting so soft, Sam?

F*** you, soft. You're panicking

If you're the first out of the door,

that's not called panicking.

You're obviously operating

with more information than I have.

But I think this will destroy this firm.

No one will ever trust you again.

You're knowingly putting people

out of business, full stop.

You let me deal with that, Sam.

How'd it go?

This is a f***ing sh*t show.

- They're gonna go with it?

- Probably.

Jesus.

Remember this day, boys.

Remember this day.

So, what's the strategy here?

That's where I'm headed right now.

Downstairs to work on it with my guys.

No, no. You and I with John.

I'm not sure that we need one, Sarah.

That's not the way I do things.

Please.

Listen, he knows where we've stood on this

all along.

That's exactly my point.

And knowing what was discussed

by both you and I,

I don't see how this could

provide you with anything

other than a false sense of comfort.

I'm not looking for

a sense of comfort here, Sarah.

I don't think there's one to be found.

So, again, what's the strategy here?

I'm just not sure

there's much more to do on this.

It's very simple.

Don't even think about f***ing me on this.

'Cause if we're going down,

then you damn well know it'll be together.

No.

I'm not sure that I do know that.

Hey.

Oh, I'm sorry.

What do you guys think

Tuld made last year?

Would you shut the f*** up?

In bonuses and salary.

- Really?

- Sure, it's public record.

That is a lot of f***ing money.

He was worth a billion.

Was?

Till today.

Really?

You'll see.

I'm going to get some coffee.

You guys want anything else?

- I'm all right.

- I could use some real air.

- Probably a good idea.

- Is it all right, Will?

- Is what all right?

- If I get out of here for a minute?

Of course, it's not a prison.

You want me to hold your hand?

Why did they put all this fruit on it?

Hello, Will Emerson.

Hello.

Right.

No, thank you. I understand.

No, we'll be discreet.

Thank you.

- What?

- Eric's wife.

He's alive, he's home,

he doesn't want to speak to us,

and he doesn't know that she rang me.

- Where's he live?

- Heights.

- Shall I call Tuld's guy?

- No.

It's Eric. The last thing we need

is those guys going over there.

No, you two go get him

and try to bring him here.

- But you got to be back by 6:00 a.m.

- All right.

I hate Brooklyn.

May I come in?

Of course. Please, sit down.

So...

We're going to do this thing.

Okay.

It's going to be tight.

Is Sam on board?

Not yet.

Sarah,

I need a head to feed to the traders

on the floor and the board.

Is it me or Cohen?

It's you.

Of course, you're well aware

that I filtered several warnings

to you and Cohen about this a year ago.

I really don't think that's the best path

for you to take at this point.

You're going to be well taken care of here.

Obviously, it is

quite complicated.

John, I was told under

no uncertain terms...

It was always a very gray area.

Actually, it was made very clear

at the time by you, me, and Cohen.

I'd really appreciate it

if you didn't fight me on this.

We all f***ed this one up pretty good.

Yes.

We need you to stay here

until this is finished

and the market's closed.

I understand.

They'll go over the numbers

with you downstairs.

Good luck.

Oh, f***. Jared's coming.

What's the boy wonder want?

- You got a minute?

- Just off to pick up Eric.

Yeah. I know. It will only take a second.

All right, what is it?

Tuld and I have concerns that Sam

may not be willing to step up

and do the right thing here.

This has never been a problem.

No, it hasn't.

But sometimes,

in acute situations such as this,

often what is right can take on

multiple interpretations.

Sam will step up.

Oh, I know he will. But if he doesn't...

But if he doesn't,

we need to know that you will.

Thank you.

You need to know that I will what?

That you'll step up.

I have no doubt that

Sam will make the right decision.

But just to make it clear,

he and I have always had

the same interpretation of what's right,

no matter how acute the situation.

Jesus, that's a nice place.

Yeah, it is. He just bought it.

I hope it was with cash.

F*** me,

you're a heartless little sh*t sometimes.

And it wasn't.

Don't touch any of the buttons.

- What are you doing here?

- Hey.

So, Peter finished the model

you were working on.

Really?

It caused a sh*t storm.

I bet it did.

You think he's right?

I know he's right.

F***.

All right.

So Jared Cohen called

an emergency meeting

with the senior partners last night.

And based on your findings,

they've decided to liquidate

our entire position.

Today.

I'm very sorry about that.

They're worried about you being out here

and they want me to bring you back.

Please.

I'm just saying.

- F*** them. F*** them.

- Eric...

- Don't be rash.

- Forget it. I signed my paper. I'm out.

- They'll pay you.

- They got nothing on me.

They'll pay you.

I've been paid enough already.

F***.

Do you know I built a bridge once?

- Sorry?

- A bridge.

No, I didn't know that.

I was an engineer by trade.

It went from Dilles Bottom, Ohio,

to Moundsville, West Virginia.

It spanned 912 feet above the Ohio River.

And it cut out 35 miles

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