For months, the buzz over the newest “Wall Street” movie has been extreme. It’s been a big topic for months. Enthusiasts of the original are waiting in the wings for “Wall Street: Money Never Sleeps”. The original movie was released not long after the stock market crash within the 1980s. The real estate crash of 2008 is the inspiration for the new film, as Michael Douglas returns to his Oscar winning role as Gordon Gekko. There is a popular thread in both films. Unbridled greed and unethical dealings within the realm of high finance leading to disaster.
'Wall Street’ for a new generation
The sequel to the original film takes place in the immediate wake of the housing crash of 2008. The beginning of the film is the release of Gordon Gekko, notorious corporate raider and insider trader, from prison. It is assumed that he went to jail following the end of the first film. Gekko is a legendary character, as it garnered generations of enthusiasts and an Oscar for Michael Douglas. Gekko, earning a living by giving lectures to students, is enlisted by his estranged daughters’ fiancé, played by Shia LaBeouf, to bring about a corrupt hedge fund managers’ ruin. It is partly a story of sabotage of the wicked. However, the film, nicknamed but not really titled “Wall Street 2,” is also a story of redemption.
The real Wall Street
The movie is just a movie. Most people on Wall Street really get that. A post in the Wall Street Journal by Martin Fridson opines that the film captured popular outrage, however that it ignores real causes of the 2008 crash. On the ABC site, a corporate lawyer who works on Wall Street also opined that the movie is great entertainment, but little more than that. Dramatic portrayals of historic events often leave out crucial information, for the sake of sensation. The film really employed a fair number of Wall Street insiders as technical advisors. A couple of have lamented that Stone did not treat on the complexities of the market well enough in the movie.
Poor examples can ruin the group
There is some truth in the cliché that a bad apple ruins a bundle. It is kind of a shame. Actual Wall Street traders and administrators are not the evil hounds they are made out to be. In fact, the majority is highly ethical and work incredibly hard. However, “Wall Street: Money Never Sleeps” isn’t about them.
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/
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