Quote from GordonTheGekko:
First and foremost, here is a link to the director saying the show was based off of Lehman, so pack up your false accusations that some people here you're pointing to are stupid and wrong: http://articles.businessinsider.com...6_1_investment-bank-lehman-brothers-dick-fuld
actually if you follow the link, the director said the movie is not based on lehman but a crisis of similar scale to the one lehman faced. Lehman's fucktard managements went doubling down all the way towards the end of 2007(which is the time period this movie took place), instead of trying to liquidate as the movie portrayed. I think the fictional bank in the movie is loosely based off goldman than lehman...condensed all into 1 day.
And btw, regarding unrealsim, the abs securities they were dumping was exactly Lehman before the collapse. The show ended after just one market day, so it didn't chronicle the collapse of Lehman. The scene where the guy almost jumps was also at the AMEX tower (where Lehman was).
Again it's pretty clear this movie took place at very early stages of the crisis in 2007 and with an obvious conclusion that this fictional bank would survive the crisis by being first. By the time lehman started selling the ship has long sailed, there was no way in hell they got 0.9 on $1 even for a day. Also lehman front office was at 745 7th ave not 3wfc. It was a great building until the day its giant video wall turned into gay blue...
I know a lot of people on the street enjoyed this movie too, it's always fun to remember some of the drama (however inaccurate the technical is). Atticus is just being a hardass

