Analyzed the movie Margin Call from a legal perspective Term Paper - 1

Analyzed the movie Margin Call from a legal perspective - Term piece of music Exampleis no character featuring the film that breaks the law, leads involved in conspiracy, or does anything any rational mortal would call unquestionably illegal. Even when the films fictional bank CEO makes the decision to tilt all the toxic assets in companys - the act that factually sets in motion the contribute collapse of the whole American financial system this is an understandable, if challenging, choice. If he does not sell first and pay off the catastrophe, someone else is there waiting to do the same.That is the core puzzle of what economists name a collective act matter. If no specific individual or firms actions can change things, the only reasonable thing that can be done is assuming everyone else will adopt their most selfish (and maybe destructive) instincts. Everybody has an incentive to adopt the worst path they think others of following, and hence it becomes a self-fulfilling i nsight. This not only explains wherefore the bubbles burst, but also illustrates why they build up firstly. afterward all, why did big investment banks begun furtherance and selling big amounts of mortgage-backed securities that ultimately triggered the crisis? It is because all the other banks did it. They were seeking greater profits, obviously, but profits atomic number 18 the purpose of any company and its survival basis. Each banks employees were aware that if they did not get in on this exceptionally lucrative new business branch, they would fall behind their rivals, their share outlay go down, they would get fired.The difficult certainty is that with systemic catastrophes like the one that has lead to our current scotch crisis, no one is to blame since everyone is to blame. In the end, though, this sympathetic bankers dilemma portrayal offers perhaps the most uncomplimentary indictment one can make in the modern capitalist fiscal system (Bernstein 1). After all, if dis aster like this can occur even when decent individual are more or less endeavoring to do their best, hence