Rollover (1981)

Ron Frazier: Gil Hovey

Quotes 

• Gil Hovey : [addressing the trading floor, probably for the last time]  Okay. The Arabs yanked every penny they had with us. They hit all the other outfits too, so it's across-the-board. Every bank in the country is gonna be struggling for liquidity trying to cover those cash withdrawals. We're dumping everything. Treasury bills, bonds, Fannie-Maes, commercial papers, we want it all sold. Fed Funds, Eurodollars, borrow whatever you can find up to 200 million. Foreign exchange, no positions. Bullion, grab what you can get. All right, let's hit it... and pray.

• Gil Hovey : [addressing the foreign exchange traders]  Hold the phones! - Hold on. Okay, no arguments. Everybody cover their short-currency positions. Buy yen, sterling, francs, marks. Sell dollars. We've got 100 million to dump. No haggling over prices.

• Betsy Okamoto : Stock market's off 75 points. The dollar's depreciated 10 percent and moving down. They even yanked the Eurodollar deposits that weren't due. First New York is practically down the tubes, and gold just went over 2000.

  Gil Hovey : By tonight, that'll be cheap.

• Barney : [shouting]  The customers wanna know what's happening. Do I tell them what we're doing?

  Gil Hovey : Tell them anything, Barney, except what we're doing!