Saturday, October 2, 2010

Brand new Wall Street movie is really a splash

The brand new “Wall Street” movie has been drooled over for months. The film, “Wall Street: Money Never Sleeps” has been hotly envisioned. The very first movie somewhat coincided with current events when it was launched. The movie about corporate greed in the 1980s came out just after the stock exchange crash in that decade. Similar events coincide with the sequel. Douglas returns as Gordon Gekko, and it is set in the real estate crisis of 2008. Both films address unchecked greed and immoral trading in the realm of investment and high finance after scandal.

’Wall Street’: The Investors Hit Back

The sequel to the original film takes place in the immediate wake of the housing crash of 2008. What is assumed is that notorious corporate raider Gordon Gekko is just being released from prison, as a result of events from the first film. It is an iconic role. It won Douglas an Oscar, and legions of enthusiasts. Gekko starts giving lectures to students, and then decides to help his daughter’s fiancé, played by Shia LeBeouf, to bring down a corrupt hedge fund manager. It is partly a story of sabotage of the wicked. Nevertheless, the movie, nicknamed however not really titled “Wall Street 2,” is also a story of redemption.

The real Wall Street

Real people on Wall Street know it is only fiction. The 2008 crash was really more complex than a film will do justice to. That is the subject of a recent post about the film by Martin Fridson in the Wall Street Journal. An anonymous corporate attorney, according to ABC, said that the film is fine as entertainment, however cannot be taken seriously as a critique of actual events. Dramatic portrayals of historic events often leave out crucial details, for the sake of sensation. Some Wall Street insiders that served as technical advisers for the film lamented that director Stone did not touch on other components of the crash.

Barrel spoiled

There is some truth within the cliché that a bad apple ruins a bundle. It is kind of a shame. Many traders and workers on Wall Street are incredibly ethical and work really hard. However, “Wall Street: Money Never Sleeps” is not about them.

More on this topic

ABC News

abcnews.go.com/Business/films-taking-wall-street/story?id=11712654 and page=3

Wall Street Journal

blogs.wsj.com/marketbeat/2010/09/24/a-wall-street-veteran-on-wall-street-2/



No comments: