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turning to page one
turning to page one
SETH and WILL walk through the door and into the empty main trading floor. The lights are down and there is a cleaning person vacuuming in the far background. They walk over to PETER’S desk.
WILL EMERSON
Hey, look who it is, burning the candle
at both ends. There aren’t anymore cuts
planned though, so you can stop kissing
my ass, honestly I don’t even understand
what you guys do.
PETER
Will, I am so sorry to call you back but
I really think..
WILL EMERSON
Don’t worry about it.
SETH
Hey.
WILL is a bit drunk but SETH looks at PETER’S face and realizes something is up.
SETH (cont’d)
What’s going on?
PETER
Look at this.
SETH comes around and sits at PETER’S desk.
PETER (cont’d)
Eric gave me this file before he left.
SETH
Eric?
PETER
Dale. And he told me he couldn’t quite
figure it out, then the last thing he
says as the doors on the elevator close
is ‘be careful’.
WILL EMERSON
Be careful?
PETER
So I’m obviously a little curious. So I
get into it a bit and I realize that all
he was missing was...well it’s not good.
SETH looks at the screen and starts to scroll through the pages.
SETH
What is he doing here?
PETER
Go to model four, and it makes more
sense.
SETH
Oh.
WILL is now paying closer attention, standing over their
WILL EMERSON
What is this?
PETER
This is basically everything that we have
on our books at any given time. But what
Eric was trying to do here is work it for
levels of volatility that fall outside
the limits of our standard VAR model.
WILL EMERSON
What are those levels.
PETER
Well it’s a fairly complicated...
WILL EMERSON
Simplify.
PETER
The volatility boundaries are basically
set using historic patterns then
stretching them out another 10-15%...
roughly.
WILL EMERSON
So what’s happening?
SETH
We are starting to test those historic
patterns.
WILL EMERSON
When?
PETER starts scrolling back through the last couple weeks on his screen
PETER
Today.
SETH
Tuesday.
PETER
Monday, last Friday, last Wednesday and
Monday.
SETH
Two Fridays ago.
WILL EMERSON
I get it.
SETH scrolls the final page on the graph.
SETH
Fuck me... Once this thing gets going in
the wrong direction...
PETER
Yeah...
SETH
It’s huge.
WILL EMERSON
How huge?
SETH
The losses are greater than the current
value of the company...?
PETER
Projected losses... projected...
SETH
Fuck me.
PETER
Yeah.
WILL EMERSON
Wait, and this is just our floor?
PETER
Yeah...
They all look at each other long and hard.
WILL EMERSON
Where the fuck is Eric Dale?
PETER
I can’t find him, they cut off his phone.
WILL EMERSON
What?
WILL starts off towards his office and is suddenly quite sober. PETER and SETH follow him.
PETER
They turned off everyone’s phone who they
axed today.
WILL EMERSON
Fucking ruthless. And he’s got no other
cell?
PETER
No.
WILL EMERSON
How does he not have his own cellphone?
PETER
I tried, it’s been turned off.