For months, the buzz over the brand new “Wall Street” movie has been extreme. A lot of individuals are waiting for “Wall Street: Money Never Sleeps”. The original movie was launched not long following the stock market crash in the 1980s. The real estate crash of 2008 is the inspiration for the brand new film, as Michael Douglas returns to his Oscar winning role as Gordon Gekko. Each film is about the perils of avarice in high finance and investment in the wake of financial problems of successive generations.
'Wall Street’ for the new era
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 after the end of the first film. The iconic role earned Douglas an Oscar. 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. The movie, erroneously referred to as “Wall Street 2,” is supposed to be a story of redemption.
Real life of Wall Street
People that work on Wall Street are aware that it is just a movie. A post in the Wall Street Journal by Martin Fridson opines that the film captured popular outrage, however that it ignores actual causes of the 2008 crash. A Wall Street lawyer, who stayed anonymous also said the film was fine as entertainment, according to ABC. He also maintained that the movie shouldn’t be taken as more than that. Hollywood fudging the historical record for dramatic purposes isn’t exactly new. Stone is no stranger to this kind of criticism, and Wall Street heavyweights that were technical advisors lamented his liberal use of license over portraying the complexities of actual life.
Bad apples
It is kind of a shame that the few bad apples that get noticed spoil a variety of really good ones. Many traders and workers on Wall Street are incredibly ethical and work really hard. However, “Wall Street: Money Never Sleeps” isn’t about them.
Further reading
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/
