The Oscar-nominated script for Margin Call is nothing short of deserving for the honor of being nominated in the Best Original Script category.
Rookie director J. C. Chandor, who also wrote the detailed screenplay, somehow manages to gather a high-talent cast to tell the story of Margin Call, Kevin Spacey heading them.
Now I’ll be the first to tell you that when it comes to the financial jargon, I’m as lost as they come. After viewing Margin Call, however, I realized that the heart of the film doesn’t lie in the language in which the business players speak, deal, and trade, but in how each employee on the chain deals with the current card dealt, a card in which Margin Call‘s case is ugly.
You already knows there’s a problem from the get-go when an all-too-familiar cast that might has well been from Up in the Air (2010) appears through the elevator doors bearing empty boxes, tapping employees shoulders and directing them to another room for a chat. Paul Bettany, who seems to thrive in whatever role he’s cast, warns younger employees Peter (Zachary Quinto) and Seth (Penn Badgely) not to watch the firing that is about to take place.
Eric Dale, played by the ever versatile Stanley Tucci, has just been let go from the company, and tries as he must to let others know there is a certain project he’s in the middle of that must be looked at, is ignored until Peter attempts a “thank you” speech before the elevator doors close on Dale.
The key turning point happens immediately after, when Dale hands Peter the flashdrive with the unfinished project and gives the warning, “Be careful,” as the elevator doors close perfectly in sync with Peter’s mixed look of confusion and curiosity.
Thus, a plot is born as Peter discovers the ending to the unfinished project, and makes a phone call that turns into one meeting after another until the CEO (Jeremy Irons) is present at an 2 a.m. executives meeting. Only one resolution seems probable, although Sam (Kevin Spacey) sees that one option as more dooming than necessary. There’s give and take as characters discuss, reflect, and react the remainder of the film.
There’s a lot of takeaway from Margin Call, and perhaps that’s why the screenplay resonated so well with Academy voters to nominate it. One theme lightly hammered in by Irons’s character is that of the physicality of the situation. In trading, they’re dealing with numbers, not tangible money. Yet when he regards money’s role, he calls it pictures on paper. There’s a whole lot of green passed around throughout the film, be it to trade or act as severance to “tie up the loose ends.” And then the other side to consider is that of the problem. As viewers, we don’t physically see the problem, but we hear about it, we understand it, and yet all we see is the actors viewing the problem on a computer screen, and then the domino effect as the problem reaches higher on the chain of command.
Margin Call‘s other high point comes from the story’s themes subtlety delivered through well-casted characters. Simon Baker is pitch perfect in his role, utilizing smarts, a pin-stripe suit, and a bit of professional slimyness similar to his role in The Devil Wears Prada (2006). Spacey, be it playing the hilarious and altogether psychotic boss in Horrible Bosses (2011), or playing the everyman deemed “soft” for not wanting to pull the plug in Margin Call, balances quite well the different emotions his character Sam is forced to meet with throughout the film. Jeremy Irons suited the role of the calculating, single-minded, rich CEO, while Penn Badgely bore the youthful presence on screen, who didn’t think much past how much money he or anyone else was making.
The majority of the film takes place in an upper floor of a New York City skyscraper. There are multiple shots of the city brightly lit at night, almost giving the city and the building a minor role in the film. My favorite scene is right near the end. The news has just been delivered: while most employees will be dumped, at least financial hope remains for those who successfully sell 93% of their holdings. The office is abuzz, and Paul Bettany’s voice stands out while the scenes of phone calls being made, the inside of the office, the color and life of the city serve as background. He’s fully composed, checking sellers off his list, convincing buyers to accept his offers.
One complaint I do hold is the B story regarding Sam’s dog. The analogy was present and meant to evoke a thoughtful response, but I felt like it wasn’t paid enough attention for us to draw more of a conclusion than that of Chandor attempting to be metaphorical, especially when the sound of digging and breathing lingered into the credits.
Margin Call reminded me much of last year’s The Company Men in watching suits deal in the business world whether losing their jobs or acting out whatever action necessary to grasp tightly onto them. While the lingo of Margin Call similarly reflected that of Wall Street: Money Never Sleeps (2010), the heart of it touched on the idea that minor details that slip through the cracks are, in time, not so minor. Even closer did the film reflect that not money, but the ruthlessness needed to hold onto money, is the god of the market and its workers.