Out of print for more than 30 years, now available for the first time as
an eBook, this is the controversial story of John Wooden's first 25
years and first 8 NCAA Championships as UCLA Head Basketball Coach.
This is the only book that gives a true picture of the character of John
Wooden and the influence of his assistant, Jerry Norman, whose
contributions Wooden ignored and tried to bury.
more than 40 hours of interviews with Coach Wooden, learn about the man behind the coach.
The players tell their their stories in their own words. This is the book
that UCLA Athletic Director J.D. Morgan tried to ban.
Click the book to read the first chapter and for
ordering information. Also available on Kindle.
by Tony Medley
Run time 107
I don't know if
it is just me, but recently I have enjoyed the performances by the
actors more than I have enjoyed the actual movies. The Ides of March
was a pretty good movie, made exceptional by the performances of
Philip Seymour Hoffman and Paul Giamatti. Drive was a run of the
mill film filled with gothic violence that was set apart by Ryan
Gosling's performance. Now comes Margin Call, which is a pretty
good fiction about the financial meltdown in 2008. What makes it
must-see viewing are the performances of Kevin Spacey, Jeremy Irons, and
cast faces financial devastation in this tense drama written and
directed by J. C. Chandor. As Eric Dale (Stanley Tucci) is fired and
being escorted out of the building, he hands a flash drive to Peter
Sullivan (Zachary Quinto), an entry-level analyst, and tells him to "be
careful." When Peter puts the drive into his computer and runs a few
numbers, he is astonished to see that his huge firm is basically
bankrupt, or will be very shortly if the projections on the flash drive
come to pass.
He tells his
boss, Will Emerson (Paul Bettany), who escalates it to the power in the
firm, Sam Rogers (Spacey), who tells his boss, Jared Cohen (Baker), who
finally has to call in the big boss, John Tuld (Irons). The film covers
the next 24 hours as these people meet to try to figure out how to
confront the coming disaster.
What this film
indicts is the hypocrisy of Wall Street, exposing financial firms for
what they are, salespeople. Nobody in the upper echelons of the firm
understands the problem or can even explain what they do or how they
make their money. The film is unclear about what exactly it is that they
do, but apparently they have bundled mortgages and sold them to clients.
What they are probably talking about are CDOs (Collateralized Debt
Obligations) that represented bundles of mortgage bonds which were
themselves bundles of home loans. The securities were supposed to be
diversified so that if some homeowners stopped paying their bills, other
loans inside the securities would be unlikely to default at the same
time. But many of those securities turned out to be full of poorly
underwritten mortgages that defaulted at the same time.
I've seen two of
the actors, Spacey and Baker, interviewed. They were asked what the
movie was about, what the company in the movie did, and what caused the
problem. They were clueless, which doesn't set them apart from the vast
majority of the populace. Unfortunately, the Mainstream Media hasn't
explained it, probably because it would kill its sacred cows on the
left, like Barney Frank and Chris Dodd, who were personally responsible
for the crises (by making the government finance the purchase of homes
by people who couldn't afford them) and what happened, aided and abetted
by Bill Clinton and George Bush.
mortgage bubble bursts, the values of the CMOs go down to nothing, which
is happening as they meet, and their billion dollar firm is worth
nothing. What to do?
Shot at 1 Penn
Plaza in the offices of a firm that went under, the movie attempts to
show these people as human beings and how decisions were made. This
brings out the basic tartuffery of sellers of financial instruments. As
the movie shows, the people selling these things are salesmen. Nobody
knows anything about what they are selling.
There is a
telling dialogue between Spacey and Irons that sets the tone of the
movie. When Irons demands that they sell everything they have, Spacey
objects because, he says, they know that what they will be selling is
Irons: "We are
selling to willing buyers at the current fair market price so that we
Spacey: "We may
never sell to any of those people again."
Irons: "Do YOU?"
October 19, 2011