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Message: [QUOTE="nelsonmuntz, post: 2705722, member: 833"] The Big Short was definitely funnier. The Director of Margin Call used dramatic license to make the events of the movie occur over about 36 hours. Realistically, that would take longer, maybe a couple of weeks. Every bank in the world was using a bad VAR model in the third quarter of 2008. Lehman thought they would be purchased until the afternoon east coast time on Sunday, September 15, 2008. Defaults had been increasing since early 2007, but the collapse sped up in August and September 2008. I would have made the same decision if I was the Jeremy Irons character. Jeremy Irons says in the meeting that other banks would reach the same conclusion and start dumping their crappy loans. Remember his 3 ways to make money speech? Being first is the easiest. They had to be first to dump, because everyone would start doing the same thing soon enough. [/QUOTE]