Rollover
- R
- Year:
- 1981
- 116 min
- 220 Views
1
IRA a dollar-franc.
Four-ninety-eight, 40, 60.
The market's going against us.
We're exposed on the 100 million.
- We're gonna have to bail out.
- We'll take a whopping loss.
We can't buck the tide any longer.
Let me know the damage
when you've finished.
- Hold the phones!
- Hold on.
Okay, no arguments. Everybody cover
their short-currency positions.
Buy yen, sterling, francs, marks.
Sell dollars.
We've got 100 million to dump.
No haggling over prices.
- Dollar's off.
- How much?
in 20 minutes.
It started in Frankfurt.
No. I think you'll find it started
about 10 blocks from here.
At Borough National, as a matter of fact.
They're in trouble.
Bailing out of their long-dollar position.
Dumping about 100 million.
Keep talking.
Let me know if it slides further...
...or hits the next big number.
Frankfurt? Borough National New York.
A dollar-deutsche mark.
Would you like...?
Can you make me a market of spot francs?
- Give me another market!
- Another Geneva for 30-60. Want it?
- Sell eight at 30!
- Two, two at 20.
Hello, Bern National.
Yeah, how do you trade in French?
- What's your spot on yen?
- Take two!
- Three.
- You'll only do three?
- Five million.
- We want sterling.
- Four.
- Good.
- What's the dollar-yen, please?
- Five at 75.
- Make it two. That's four.
- Okay.
- Take it.
- Four done.
- Do you want it? Forty-60!
- Sell five at 40.
- They'll only take two!
- Take the lousy two!
- All right, that's just one!
- I love you too. You're beautiful.
How about four? All right, two.
- Help me out.
- What do you mean there's no market?
It's coming? So is Christmas.
I can't get Bern!
They're closed for the day!
- We look like we're having trouble.
- Europe and the Street...
...know we're dumping.
The dollar's dropping like a rock.
All right, we'd better go in.
Long on dollars. Start with Paris.
And tell Borough National
they can have 40 mil on Interbank.
We're going to have to find someone
to ride shotgun over there.
I'm not taking this roller coaster again.
Earlier this week,
It recovered. But a lot of people
say things are going to get worse...
...before they get better.
Others in the banking community
say it was just a flutter.
But if there's one thing all of us
worry about, it's money. Our money.
In this case, of course, the dollar.
Here tonight to discuss the dollar
is Maxwell Emery...
...president of The First New York Bank.
Mr. Emery has sometimes been called
the lion of American banking.
The dollar's been under pressure
so frequently in our history.
I don't think these times are exceptional.
We go through regular cycles of anxiety.
In fact, we're an anxiety-prone people.
But we've never had anxiety
with so much reason behind it.
Since 1974, when the Arabs
started increasing the price of oil...
...they've amassed billions of dollars.
Until now, they've been very kind to leave
that money largely in American banks.
Mr. Emery, has there ever been
such a concentration of wealth...
...in the hands of one group before?
But I assure you, their interests are ours.
Have a good time.
Thank you.
- Wonderful party.
- Charlie will be by later.
- He's working late at the office.
- See you then.
Enjoy yourself.
Want an educated opinion?
You won't get a glamour boy like Hubbell
Smith to run a rescue operation over there.
He won't touch it with a fork.
He might. If the payoff is big enough.
Could I have a white wine
and a Scotch on the rocks, please?
Well, Max, I hear you rode in
on your white horse...
...and bailed out Borough National.
Well, that fellow down there is trying,
but he's overmatched.
I feel sorry for the poor son of a b*tch
who tries to fix that mess.
I said I'd help them
but only if they'd take my boy.
Wanna hear the deal?
I don't know, Max.
I did my time in the trenches...
...when I was running
I had enough crash-and-burn.
Hub...
...I'd consider it a personal favor.
With those turkeys at Borough National,
miracle is a better word.
Now, why do you piss cold water on it
when you know you're interested?
What makes you so sure?
The guy who turns them round
is going to be hero of the week.
And we both know
that you're restless, ambitious...
...and a sucker for a chance
at a star play.
- That's the spirit that built the West.
- Has either one of you seen Lee Winters?
Last time I saw her
she was over by the band.
Something wrong?
Charlie Winters has been murdered.
A mugger broke into his office
and knifed him.
Oh, my God.
Isn't it?
I love the way he plays too. Don't you?
- Hello, Bill.
- Lee, could I talk to you alone?
- Certainly.
What is it, Hub?
Nothing.
I was just thinking about
the illusion of safety.
- Yes. - You were inquiring
about Charlie Winters...
...the other day. I'm sorry to
have to tell you that he's dead.
I was struck by the coincidence.
Charles Winters.
I'm sorry to hear about it too.
I just wanted you to be aware.
Good night.
Police have concluded Charles Winters
was murdered by a burglar...
...who panicked when Winters,
who was working late, surprised him.
No other motivations
for his murder have been found.
At his funeral yesterday in New York,
his widow, ex-film star Lee Winters...
...was accompanied by leading members
of the corporate and financial world.
So Lee Winters, the poor girl who
came out of the dirt hills of Arkansas...
...to achieve stardom
as the glamorous Ashley Norman...
...one of Hollywood's
most respected actresses...
...who, at the height of her career,
gave it up to become the wife...
...of a great American industrialist...
...played today her toughest role:
Where to go from here.
There are rumors that things
aren't what they were...
...in the troubled petrochemical empire
built by Winters...
...now facing the critical question
of who will become its next chairman.
And now in a...
Don't take too long.
Hurry back down.
- Gaby, did you take my book?
- What book?
Well, Paris, we're seeing
some pressure out of Zurich.
Eleven's ringing. Who's on 11?
But we think it's topping out.
We're all atwitter.
Let me have your dollar-franc, please.
The question is, is he ready for us?
I've had a balance sheet worked up...
...and a summary of assets.
Is there anything else you might need?
Oh, nothing special.
Your interim financials maybe.
Something showing your cash position,
loan position, deposits.
Also a P & L statement, if you've got one.
The maturity schedules on your commercial
paper. Classifications on your loan portfolio.
Maybe the last examiner's report.
Oh, and your current profit breakdown.
You sure that'll be enough?
For a start.
Cheers.
Well, doctor, you've been on the case
for a while now. What's the prognosis?
Will the patient live?
The patient's been dead for six months
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"Rollover" Scripts.com. STANDS4 LLC, 2024. Web. 4 Nov. 2024. <https://www.scripts.com/script/rollover_17114>.
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