Homeland security

Homework 9 Letter to the Public

In the movie Margin Call, the firm has a "fire sale" when they sell their majority holdings in mortgage-

backed securities in a single trading day. Though they are able to rid the firm of most of their exposure

to these "toxic assets," they do so at a great cost. As Sam Rogers (played by Kevin Spacey) explains, they

destroy the market "for years" and knowingly "put people out of business, full stop." As the CEO, John

Tuld (played by Jeremy Irons), must communicate his decision to his employees, the other Wall Street

firms, and the public. Write an open letter (to be published in the Wall Street Journal) both explaining

your actions and justifying them. Your purpose is to persuade your readers that your decision was

correct, inevitable, and unavoidable.