Margin Call (2011) Poster

(2011)

Kevin Spacey: Sam Rogers

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Quotes 

  • Sam Rogers : The real question is: who are we selling this to?

    John Tuld : The same people we've been selling it to for the last two years, and whoelse ever would buy it.

    Sam Rogers : But John, if you do this, you will kill the market for years. It's over.

    [John nods grimly] 

    Sam Rogers : And you're selling something that you *know* has no value.

    John Tuld : We are selling to willing buyers at the current fair market price.

    [Sam lowers his gaze] 

    John Tuld : So that we may survive.

    Sam Rogers : You would never sell anything to any of those people ever again.

    John Tuld : I understand.

    Sam Rogers : Do you?

    John Tuld : Do *you*?

    John Tuld : [pounding on the desk]  This is it! I'm telling you this is it!

  • Sam Rogers : Thank you all for coming in a little early this morning. I know yesterday was pretty bad and I wish I could say that today is gonna be less so, but that isn't gonna be the case. Now I'm supposed to read this statement to you all here, but why don't you just read it on your own time and I'll just tell you what the fuck is going on here. I've been here all night... meeting with the Executive Committee. And the decision has been made to unwind a considerable position of the firm's holdings in several key asset classes. The crux of it is... in the firms thinking, the party's over as of this morning. There's gonna be considerable turmoil in the Markets for the foreseeable future. And *they* believe it is better that this turmoil begin with us. As a result, the firm has decided to liquidate its majority position of fixed income MBS... today. These are your packets, you will see what accounts you're responsible for, today. I'm sure it hasn't taken you long to understand the implications of this sale, on your relationships with your counter parties and as a result... on your careers. I have expressed this reality to the Executive Committee, and they understand. As a result, if you achieve a 93% sale of your assets, you will receive a 1.4 million dollar one-off bonus. If the floor as a whole achieves a 93% sale, you will get an additional 1.3 million dollars apiece. For those of you who've never been through this before, this is what the beginning of a fire sale looks like. I cannot begin to tell you how important the first hour and half is gonna be. I want you to hit every bite you can find: dealers, brokers, clients, your *mother* if she's buying. And... no swaps, it's outgoing only, today. Obviously this is not going down the way that any of us would have hoped, but... the ground is shifting below our feet, and apparently, there's no other way out.

  • John Tuld : You're one of the luckiest guys in the world, Sam. You could been digging ditches all these years.

    Sam Rogers : That's true. And if I had, at least there'd be some holes in the ground to show for it.

  • [last lines] 

    Mary Rogers : Sam, you don't live here any more. Are you alright? You don't look so good.

    Sam Rogers : Yeah, it's been a rough day all the way around.

    Mary Rogers : I know, Sammie called.

    Sam Rogers : Is he alright?

    Mary Rogers : They got hammered, but they got out alive.

    Sam Rogers : Oh, good.

    Mary Rogers : Well I'm going go back inside and go back to bed. The alarm is on, so don't try to break in. Take care of yourself.

    Sam Rogers : [resumes digging dog's grave] 

  • Peter Sullivan : Are you sure it's the only or right thing to do?

    Sam Rogers : For who?

    Peter Sullivan : I'm not sure.

    Sam Rogers : Neither am I.

  • Sam Rogers : You are panicking.

    John Tuld : If you're first out the door, that's not called panicking.

  • Peter Sullivan : You tired?

    Sam Rogers : Of what? Remember, I don't work as hard as you.

    Peter Sullivan : That's not true.

    Sam Rogers : No, it is, actually.

  • Sarah Robertson : We were wrong.

    Jared Cohen : You mean *you* were wrong.

    Sam Rogers : I'm heading for the conference room.

    Jared Cohen : I want you to hear this.

    Sam Rogers : I don't want to hear this. How do you think I've stuck around this place so long?

  • Sam Rogers : How old are you?

    Jared Cohen : 43.

    Sam Rogers : Jesus.

    Jared Cohen : This is bizarre. It's like a... dream.

    Sam Rogers : Oh, I don't know. Seems like we actually may have just woken up.

  • Will Emerson : Well, that was fucking hideous.

    Sam Rogers : It's gonna get worse before it gets better.

  • Peter Sullivan : We all getting fired tonight?

    Sam Rogers : Probably.

    Peter Sullivan : Are they going to fire you?

    Sam Rogers : Well, they won't exactly call it that. It'll be a mercy killing, really. You don't have to stand out here for me.

    Peter Sullivan : No, I don't really want to go back in there just yet.

    Sam Rogers : I understand that.

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