Review: Margin Call

Roadside Attractions

Margin Call is set on Wall Street in the fall of 2008. It revolves around a handful of upper echelon players in a big investment firm - well, they are mostly upper echelon: in a memorable performance, Zachary Quinto plays Peter, a young risk analyst who identifies the beginnings of the coming financial meltdown before any of the more experienced executives have taken notice. He gets a tip from his recently fired boss, Eric (played with calm understatement by Stanley Tucci); Eric slips him a flash drive before he leaves the building for the last time, warning Peter to “Be careful.” 

It’s good advice. Peter passes up a happy hour outing with co-workers and stays late studying the file Eric gave him. Within a few hours he has it figured out: the beginnings of the biggest financial crash since 1930 laid out in colorful graphs and numbers on his computer screen. It’s about 9:00 at night, and from here the clock starts slowly ticking towards financial Armageddon.

The film doesn’t spend much time trying to explain the mechanics of the crash. It only covers a tiny bit of time, less than 24 hours. Peter alerts his boss, and as the news travels up the corporate ladder executives arrive back at the office in the dead of night (all nicely dressed, hadn’t they gone home yet?), trying to grasp what’s happened and waiting to meet with head honcho Jeremy Irons, who lands on the roof in a helicopter around 4:00 AM. And here is the heart of the story, the real question being asked: once all of these high level insiders understand the stakes, how will they respond? With nobility? Crass self interest? Is there a moral debate to be had?

It’s interesting stuff, and it’s handled in a far more intimate and revealing way than in a film like say, Wall Street 2. If you ever wondered what went on in those moneyed ivory towers as the financial system came tumbling down, this is a great film to see. With outstanding performances by Kevin Spacey and Paul Bettany as the two execs on the front lines of dealing with the crisis. Still playing in selected theaters nationwide. B+