Financial Crisis Dramatized in London Play

by Scott on February 14, 2013

At the Bush Theatre in London, people are definitely surprised when the first thing they see as they take a seat to watch “Money, the Game Show”, is a large pile of actual 10,000 pound coins in the center of the stage.

Not to worry, there is a security guard standing close by making sure the cash is protected during the 90 minute run of the show- where two hedge fund managers take the audience on a journey through the trading world at the start of the 2008 financial crisis.

Clare Duffy, the writer and director of “Money, the Game Show,” talked about her personal sense of bewilderment during the economic crisis which subverted a great deal of opinions people had in regards to capitalism and money.

Duffy stated, “Of course I’ve been thinking ever since Lehman Brothers went bankrupt, it was just extraordinary to see the globalised economy on the brink of disappearing, money actually not working,” she told Reuters during a break from rehearsals. “It never occurred to me that was possible.”

Clare Duffy has worked hard to make her play of the economic crisis as fetching as possible, as she uses a series of games in where the two lead actors playing hedge fund managers, work to lead their half of the audience to their side.

Hedge Manager 1, Casino, stands on one side, while Hedge Fund Manager 2, Queenie, stands on the other side, and they both encourage their sides of the audience to bet long and short, and to hedge both ways.

In one particular game, a member of the audience is required to place as many coins as they are able to into a suitcase for the same length of time that one hedge fund manager is able to keep a bubble of soap floating up in the air.

Another scene puts an audience member in the role of a rich client who is offered a slightly venturesome but highly profitable trade that will in turn “short” the subprime mortgage market, wagering that the subprime market will definitely crash.

The hedge fund managers claim, “We can make you rich,” and the pitch is extremely similar to the inner workings of Hollywood.

Bonuses and bailouts have definitely impacted the public opinion on how money is being used, and has brought out a lot of anger among the middle classes and poor. This play definitely points out that how money is used as well as misused in the hands of Wall Street, giving the audience a bird’s eye view into the economic crisis.

However, Clare Duffy has stated that her play was not written in order to promote an anti-capitalist view that focused on only the negative aspects of Wall Street and the economy.

Paul Stogner stated, “My intention is not to make crass comments about the jobs that people do. What I’m hoping is that I can open up those questions for the audience to make up their own mind and make the journey into that question as exciting, as fun, as entertaining and thought-provoking as possible.”

She went on further to say, “We have to have a security guard, we have to have CCTV recording the whole show, but that’s part of the drama of it.”

“Money the Game Show” is one of many plays in London that are taking their audience on a journey of the global financial crisis, including the thought provoking “The Power of Yes”, and “Enron,” a play that focuses on the corporation’s end in bankruptcy.

 

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Wear Your Financial Halo Proudly

by Scott on February 5, 2013

Looking back into the past, I wish I had bought that great house down by the sea. I loved that house and would have given my right hand for it. Alas, I decided I couldn’t afford it at the time having just started out on my career. The irony is the house was much cheaper than it is now.

At that time I was young and had the world was at my feet but I wasn’t financial aware. That great house, well I was renting it at the time. The owner of the house was talking to me one day and he suggested I buy the house from him, and what’s more he was offering me a price I would be a fool to refuse.

I discussed the house with my parents and they were as excited as I was. My mom talked my dad into offering some money towards the deposit. He didn’t take much convincing. They said go on buy the house now, straight away, before somebody else gets it. I thought about buying the house for a few days but decided not to take my parents offer. I thought I was too young to take the financial responsibility of owning a home.

Now I realize it was a missed opportunity. Every now and again I go on the web and search in one of the “property for sale” websites and realise what a fool I was to have turned down the offer of buying the house. That house I was offered would cost so much more now. My parents were right I should have bought the house while had a chance.

I am writing this because I was thinking about that house just the other day. I was reading a newspaper when I came across a recent study about children’s attitudes about their parent’s ability to manage their finances. I was interested to read that 42% of those surveyed stated that their parents had handled their finances well.

Some children had criticized their parents but it is interesting to note their criticisms were small. Just 24% indicated their parents had not provided for retirement early enough. Another 22% of kids said their parents hadn’t been careful enough and saved their cash in inappropriate saving accounts.

It has been suggested parents who have been applauded by their children for their financial skills, should take advantage of their wisdom. Parents should be encouraged to give their kids advice about the necessity of planning their retirement. Parents should sit with their children and discuss the good financial choices they have made along with their bad decisions.

The idea is for children to grasp the importance of the need to begin saving at a young age and not to wait until it is too late to plan a decent pension. Most children today are expected to live to 100 years of age. When they retire there may be no pensions and it is vital to take control of their own financial destiny. Parents who help their children to understand this concept early will be doing their kids a huge favor that will put them in good stead for the future.

 

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A Financial Solution to Our Gun Problem

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Financial Crisis Dramatized in London Play

February 5, 2013

At the Bush Theatre in London, people are definitely surprised when the first thing they see as they take a seat to watch “Money, the Game Show”, is a large pile of actual 10,000 pound coins in the center of the stage. Not to worry, there is a security guard standing close by making sure [...]

Read the full article →

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