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MARGIN CALL
About The Production In the wake of the crisis that rocked the world's financial markets in 2008, a
lot of people asked
that same question of the engineers of the disaster. How does a man confront the
fact of failure, a
failure that might not only cost him his job, but cost millions of people their
entire livelihoods?
J.C. Chandor's riveting and deeply-felt thriller Margin Call takes us where no
film has taken us
before: inside the heart of one of Wall Street's too-big-to-fail financial
titans, a sharply-etched
snapshot of a world and a group of people on the brink of collapse.
Unfolding over the course of roughly 24 hours, Margin Call takes us from the
moment of
dawning suspicion that something is terribly wrong, to the full recognition of
the scope of the
disaster, to the sifting through the wreckage—both personal and financial—when
the final bell
rings and the "bloodbath” of trading comes to a close. From junior analysts to
CEO titans, every
member of the corporate hierarchy must come to grips with the
nightmare-come-true, and their
own roles in creating it. Rising to the task of bringing this story to life is
an all-star ensemble
that includes Kevin Spacey, Paul Bettany, Jeremy Irons, Zachary Quinto, Penn
Badgley, Simon
Baker, Mary McDonnell, Demi Moore, and Stanley Tucci.
While it's possible to say, without exaggeration, that the financial crisis has
affected virtually
everyone on the planet, the roots of Margin Call emerge from a highly personal
place for firsttime
writer/director J.C. Chandor. "I think a lot of people have wondered where I
sort of gained
a fundamental understanding of this industry, not having worked in it,” he
shares. "But my
father worked in this business, for Merrill Lynch, for almost 40 years, so I
certainly had a
fundamental knowledge of the people in this world and most importantly had a
strong
understanding of what and who they cared most about.”
Chandor consulted with his father and a wide array of financial industry
veterans who played an
important role in ensuring Margin Call was an authentic representation of the
scenarios and
personalities that are specific to the financial industry. His father Jeffrey
states, "What I think
J.C. picked up on are times in my life where I had to frantically hire people
during a period of
boom, and then fire people, some of whom he knew, during the bad times.”
He continued, "Wall Street is traditionally not a well-managed business, as a
business. There are
very good traders, very good investment bankers, and very good sales people, but
making that
work as a business that is profitable year-in and year-out with some consistency
is tough. And
there aren't that many firms that are good at it in this business. To put all of
these elements into a
story so that an average guy-on-the-street can understand and potentially learn
about the business
is J.C.'s talent. That is what he is good at.”
For actor and producer Zachary Quinto (Star Trek), that personal perspective was
crucial to the
script's effectiveness and appeal. "It was just so clear, even before I really
got to know J.C., that
this story was coming from somewhere very intrinsic in him,” he notes. "It's
just so wonderful to
see a creative extension of someone's experience fall so seamlessly onto a page
and be so
playable from a perspective of being an actor, it's really unique.”
That personal relationship to the material gives Chandor a unique level of
insight into the inner
lives of his characters, turning what might, in other hands, have become an
anti-corporate screed
into a richly nuanced and ultimately empathetic group portrait. "It's really a
human story at its
core,” explains Chandor. "I tried to look at it with a more sympathetic eye on
both sides. It's
not like I'm a banker who is defending other bankers, but also knowing a lot of
these people, you
recognize that it's not pure evil, either.”
As Quinto elaborates, "one of my favorite things about this screenplay that it
doesn't judge. It's
not written to drag these people through the coals or to hang them by their
toes. It's actually an
exploration of the choices people make in their lives and of how much was
ultimately out of their
control. J.C. understands on a very deep and personal level, and I think there's
a lot of integrity
in that.”
Not only is Margin Call the work of a first-time writer/director, but of a trio
of young first-time
producers as well: Quinto, Neal Dodson and Corey Moosa, who together comprise
the principals
of Before the Door Pictures. "It was about a year and a half before Star Trek
came out,” recalls
Quinto, "when Neal and I had our first conversation about this desire I had to
take some control
over the stories I'm a part of as an actor, and over the stories that are being
injected into the
mainstream of our industry. Literally from that point to now it has been one of
the most
rewarding experiences I think I'll ever have.”
Fortunately, as first time producers, the Before the Door trio had some
assistance in getting the
film set up. Michael Benaroya and Rob Barnum of Benaroya Pictures are themselves
young
producers, but having been down the road before on such films as New York, I
Love You and The
Romantics, were in a position to put the pieces of the financial puzzle in
place. "We just felt
there were so many different ways we could cast each role… There are so many
powerful
scenes, it was something that we felt we could definitely pull off at any number
of different
budgets. I think the iteration we ended up going with was probably the ‘larger'
version, but I
think we could have made this movie for a number of different budgets, depending
on what cast
we got.”
The team is rounded out by producer Joe Jenckes, longtime friend of J.C. who
brought the
material to Before The Door and was on the ground every day. Veterans Cassian
Elwes and
Laura Rister were indispensable executive producers, as was Joshua Blum, whose
Washington
Square Films was the New York home for the film from pre-production through
post.
Most first-time filmmakers would consider themselves lucky to land a "name”
actor or two.
Chandor and his producers enjoy an embarrassment of riches that includes two
Oscar-winners,
two Oscar nominees, and a generous handful of other familiar faces from Emmy,
Golden Globe
and BAFTA lists.
The initial attraction was, of course, Chandor's tight, intelligent, propulsive
script. "That's a
pretty rare thing finding a really good script,” confirms Stanley Tucci (The
Lovely Bones, The
Devil Wears Prada), who plays fired risk analyst Eric Dale. "It's so
intelligently written, so
believable—at least from what I know from having friends in this world. The
dialogue was real
without being self-consciously naturalistic; it has a wonderful rhythm to it and
subtle drama.
There was nothing heavy-handed about it. It was all the best things that an
independent is
supposed to be.”
Tucci's sentiment is joined by Paul Bettany. "It felt like a like David Mamet,
but in a good way,”
recalls Bettany, chuckling as he clarifies, "Well, that is a good thing. But it
didn't feel like a bad
version of Mamet. It felt wordy and fast-paced and exciting, and it felt like it
would give me a lot
of opportunities as an actor.”
Bettany isn't alone in singling out that quality of the script, which for all of
its vivid language,
provides an intimate and unique portrait of its subjects, locating these
ordinarily powerful men
and women in their moments of greatest vulnerability. Well, that and working
with Kevin
Spacey, who sits at the center of the film as the deeply co
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