I watch these financial movies like "Wall Street," "Boiler Room," and even "Trading Places" and I hardly know what's going on, but I'm intrigued. Without focusing on the details I can understand the gravity of what's happening and enjoy the movie.
"Rogue Trader" is about a man named Nick Leeson (Ewan McGregor) who bankrupted the oldest bank in England by making illegal trades on behalf of the bank. He was trading in Singapore on the Nikei exchange. What I can gather from the jargon is that he was perpetually trying to make up his losses by sinking more of the bank's money into contracts. When the Nikei tanked after the Kobe earthquake in 1995 the game was over for Leeson. When it was all said and done he'd lost over a billion dollars of the bank's money and sank it.
Nothing was more annoying yet fascinating than watching Leeson dig his own grave. As he kept behaving riskier and riskier it never seemed to cross his mind to get out. He also seemed to rather enjoy being on the limb he was on. It was like he relished the thrill of it all. I'm sure his behavior changed a lot of the rules in banking, one of which should be a psyche exam for potential traders.
"Rogue Trader" is about a man named Nick Leeson (Ewan McGregor) who bankrupted the oldest bank in England by making illegal trades on behalf of the bank. He was trading in Singapore on the Nikei exchange. What I can gather from the jargon is that he was perpetually trying to make up his losses by sinking more of the bank's money into contracts. When the Nikei tanked after the Kobe earthquake in 1995 the game was over for Leeson. When it was all said and done he'd lost over a billion dollars of the bank's money and sank it.
Nothing was more annoying yet fascinating than watching Leeson dig his own grave. As he kept behaving riskier and riskier it never seemed to cross his mind to get out. He also seemed to rather enjoy being on the limb he was on. It was like he relished the thrill of it all. I'm sure his behavior changed a lot of the rules in banking, one of which should be a psyche exam for potential traders.