A tingle was within the air the second it was announced there would be a brand new “Wall Street” movie. The film, “Wall Street: Money Never Sleeps” has been hotly predicted. The original film was launched not long following the stock market crash in the 1980s. Comparable events coincide with the sequel. Douglas returns as Gordon Gekko, and it is set in the real estate crisis of 2008. Each film is about the perils of avarice in high finance and investment within the wake of financial dilemmas of successive generations.
’Wall Street’ element Deux
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. Gordon Gekko is an iconic character, as it garnered generations of supporters and an Oscar for Michael Douglas. Seems like his new job is as a lecturer, as he gives talks to business students. The fiancé of Gekko’s daughter within the movie, played by LeBeouf, works at an investment financial institution and looks to bring down a corrupt hedge fund manager. The movie, often wrongly called “Wall Street 2″ is mostly about redemption.
Real life of Wall Street
People that work on Wall Street are aware that it is just a movie. The 2008 crash was actually more complex than a movie will do justice to. That is the subject of a recent post about the film by Martin Fridson in the Wall Street Journal. 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 takes license with historical events, which is not exactly a secret. Many events in history, that were really very complex, were bent 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 Oliver 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 within the cliché that a bad apple ruins a bundle. It is kind of a shame. Many on Wall Street work incredibly ethically and unbelievably 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/
