Homework 9 Letter to the Public In the movie Margin Call, the firm has a “fire sale” when they sell their majority holdings in mortgagebacked 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.
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