Tuesday, 25 December 2012

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The employees remain at the firm for a series of meetings with progressively more senior executives, including division head Jared Cohen (Simon Baker), chief risk management officer Sarah Robertson (Demi Moore), and finally CEO John Tuld (Jeremy Irons). Jared's plan is for the firm to quickly sell all of the toxic assets before the market can react to the news of their worthlessness, thereby limiting the firm's exposure, a course favored by Tuld over Rogers's strong objection. Rogers warns Cohen and Tuld that dumping the firm's toxic assets will spread the risk throughout the financial sector and will destroy the firm's relationships with its counterparties. Rogers also warns Cohen that their customers will quickly learn of the firm's plans, once they realize that the firm is only selling (unloading) the toxic mortgage-backed securities but will accept none whatever in exchange for their sale. That is, they will not barter or swap one mortgage-backed security for another.           watch more

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