Shadowing Practice: Margin Call 2011 Senior Partners Emergency Meeting HD 1080p - Learn English Speaking with Video

Creating lesson...
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- - Thank you.
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Thank you.
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Thank you.
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Please, sit down.
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Thank you.
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Welcome, everyone.
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I must apologize for dragging you all here to such an uncommon hour.
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But from what I've been told, this matter needs to be dealt with urgently.
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So urgently, in fact, probably should have been dressed weeks ago.
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That is spilt milk under the bridge. So.
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Why doesn't somebody tell me what they think is going on here?
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Mr. Told, as I mentioned earlier, If you compare the figure at the top of page 13...
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-Jerry, it's a little early for all that.
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Just speak to me in plain English.
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Okay.
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In fact, I'd like to speak to the guy who put this together.
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Mr. Sullivan, is it?
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Does he speak English?
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Sir?
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I'd like to speak with the analyst who seems to stumble across this mess.
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Certainly.
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That would be Peter Sullivan, right here.
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Oh, Mr. Sullivan, you're here.
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Good morning.
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Maybe you could tell me what you think is going on here.
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And please, speak as you might to a young child.
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or a golden retriever.
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It wasn't brains that got me here, I'm sure you of that.
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Well-- Sir, as you may or may not know,
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I work here for Mr. Rogers as an associate in the Risk Assessment and Management Office at MBS.
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Please.
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Just relax, stand up, tell us the clear voice.
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What is the nature of the problem?
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Thank you.
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OK.
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Well, as you probably know, over the last 36 to 40 months,
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the firm has begun packaging new MBS products that Combine several different tranches of rating classification in one, tradable security.
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uh, This has been enormously profitable, as I imagine.
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You noticed?
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I have.
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Well, the firm is currently doing a considerable amount of this business every day.
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Now the problem which is, I guess, why we are here tonight is that it takes us, the firm, About a month.
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to layer these products correctly, thereby posing a challenge from a risk management standpoint.
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And so that challenge is, well, we have to hold these assets on our books longer than we might ideally like to.
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Yes.
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But the key factor here is these are essentially just mortgages, so that has allowed us to push the leverage considerably beyond what you might be willing or allowed to do
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in any other circumstance, thereby pushing the risk profile without raising any red flags.
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- Now, thank you, Mr. Anderson.
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Sit down.
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What I'm guessing your report here says...
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Give me some rope here.
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What I'm guessing it says is that Considering the, shall we say, bumpy road we've been on the last week or so,
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that the figures your brilliant co -workers up the line ahead of you have come up with don't make much sense anymore.
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considering what's taking place today.
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Actually not what's taking place today, but what's already taken place over the last two weeks.
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So you're saying, This has already happened.
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Sort of.
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Thank you.
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And Mr. Sullivan, what does your model say that that means?
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for us here.
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Well, that's where it becomes a projection. But, um...
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You're speaking with me, Mr. Sullivan.
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Well, sir, if those assets decrease by just 25 % and remain on our books.
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that loss would be greater than the current market capitalization of this entire company.
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Thank you.
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Thank you.
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So, what you're telling me...
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is that The music is about to stop.
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And we're going to be left holding the biggest bag of odorous excrement.
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ever assembled in the history of...
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capitalism.
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Sir, I'm not sure that I would-- put it that way, but let me clarify Using your analogy, What this model shows?
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is the music, so to speak, Just slowing.
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Thank you.
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If the music were to stop, as you put it, then this model wouldn't be even close.
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to that scenario, it would be considerably worse.
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Let me tell you something, Mr. Sullivan.
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- Do you care to know why I'm in this chair with you all.
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I mean, why I earn the big bucks.
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Yes.
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I'm here for one reason and one reason alone.
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I'm here to guess what the music might do a week, a month.
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a year from now.
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That's it.
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Nothing more.
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Thank you.
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I'm standing here tonight I'm afraid that I don't...
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here A...
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thing.
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Just...
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Silence.
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- Thanks.
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Thank you.
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So, Now that we know the music has stopped, what can we do about it?
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Mr. Cole.
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Ms. Robertson.
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I'm afraid I think this is where you're supposed to step back in.
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Lord knows we've relied enough on Mr. Sullivan tonight.
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What do you have for us?
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Thank you.
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What have I told you since the first day you stepped into my office?
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There are three ways to make a living in this business. Be first.
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Bismarra. or cheat.
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Now, I don't cheat.
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Thank you.
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And although I like to think we have some pretty smart people in this building, It sure is a hell of a lot easier to just be first.
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sell it all today.
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Is that even possible, Sam?
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Yes, but at what cost?
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I'll have to pay.
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Really?
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I think so.
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Where is this gonna come back to us?
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everywhere.
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Sam, I don't think you seem to understand what your boy here has just said.
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If I made you, How would you do this?
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Thank you.
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Thank you.
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- Uh.
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- Thank you.
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Well, you call the traders in for the normal 6 :30 meeting, and you be honest with them, because they're going to know it's the end either way.
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So you're going to have to throw him a bone and a pretty big one.
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and then you've got to come out of the gate storming.
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No swaps, no nothing.
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40 % done by 10 :15.
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By 11 o 'clock, all your trades have to be gone, because by lunchtime, word's going to be out.
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and by 2 o 'clock you're gonna be selling at 65 cents on the dollar if you're lucky.
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and then the feds are going to be in here up your ass trying to slow you down.
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Ramesh.
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They can slow you down.
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I can't stop you.
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It's yours to sell.
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- Yeah, but John, even if we managed to pull that off and that's saying something.
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The real question is, Who are we selling this to?
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Same people we've been selling it to for the last two years, and whoever else will buy it.
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But John, if you do this, you will kill the market for years.
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It's over.
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and you're selling something that you know has no value.
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We are selling to willing buyers at the current fair market price.
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so that we may survive.
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You will never sell anything to any of those people ever again.
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I understand. Do you? Do you?
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This is it.
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I'm telling you, this is it.
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Okay.
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Thank you.
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Now it's four o 'clock.
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Jared, you've got till five to break this down and draw me up a plan.
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Is there anybody else who knows what's in here at the moment, block by block?
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Eric Dale. And where is he?
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As of today, he's no longer with the firm.
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We have been trying to locate it.
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Carmelo, get me Eric Dale here by 6 :30.
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It's done.
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We meet back here in an hour.
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Sam, let's talk.
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Thank you.
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- I'm sorry.
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Okay.
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Thank you.

Context & Background

The video "Margin Call" features an urgent emergency meeting among senior partners in a financial firm, highlighting the complexities of risk management in the corporate world. The dialogue emphasizes the necessity of clear communication, particularly in high-stakes situations. It illustrates the importance of breaking down complex financial concepts into simpler terms so that everyone involved can understand the implications and challenges presented. The speaker urges the analyst to communicate as clearly as possible, assuming a more accessible approach, which is crucial for effective dialogue in any professional setting. Understanding this context can aid learners in grasping the significance of clarity and simplicity in communication, particularly in stressful environments.

Top 5 Phrases for Daily Communication

  • “Speak to me in plain English.” - A request for simplified communication devoid of jargon.
  • “Please, just relax.” - An encouragement to calm down in tense situations.
  • “Tell us in a clear voice.” - A prompt to articulate thoughts clearly and confidently.
  • “What is the nature of the problem?” - A straightforward inquiry aimed at understanding issues directly.
  • “Explain it as you might to a young child.” - A request for an explanation that’s easy to understand.

Step-by-step Shadowing Guide

Using a shadowing app can significantly enhance your English learning experience and improve your speaking skills. Here’s a step-by-step guide to tackle the dialogue from "Margin Call" effectively:

  1. Watch the video: Begin by watching the scene without subtitles. Pay close attention to the intonation and pronunciation of the actors.
  2. Listen and Repeat: Use a shadowing site to find sections of the transcript. Repeat what you hear immediately after the speakers, mimicking their rhythm and stress patterns.
  3. Focus on Key Phrases: Isolate the top phrases listed above. Practice them individually until you feel comfortable. These phrases are not only useful for this dialogue but also for daily conversations in various contexts.
  4. Record Yourself: Use your shadow speech skills by recording your voice while you repeat the dialogue. Compare your pronunciation and intonation with the original.
  5. Engage with Variations: After you’re comfortable with the original dialogue, practice altering the phrases to fit different scenarios or contexts. This will enhance your conversational skills and flexibility in speaking.

By consistently using a shadowing app, you will increase your fluency and confidence in speaking English. Whether you are using it to learn English with YouTube or practicing with your peers, remember that repetition and contextual understanding are key to mastering any language.

What is the Shadowing Technique?

Shadowing is a science-backed language learning technique originally developed for professional interpreter training and popularized by polyglot Dr. Alexander Arguelles. The method is simple but powerful: you listen to native English audio and immediately repeat it out loud — like a shadow following the speaker with just a 1–2 second delay. Unlike passive listening or grammar drills, shadowing forces your brain and mouth muscles to simultaneously process and reproduce real speech patterns. Research shows it significantly improves pronunciation accuracy, intonation, rhythm, connected speech, listening comprehension, and speaking fluency — making it one of the most effective methods for IELTS Speaking preparation and real-world English communication.