Sunday, October 3, 2010

Buzz surrounding new Wall Street movie just as big as the original

For months, the buzz over the brand new “Wall Street” movie has been extreme. The film, “Wall Street: Money Never Sleeps” has been hotly anticipated. The 1st movie somewhat coincided with present events when it was launched. The film about corporate greed within the 1980s came out just after the stock exchange crash in that decade. The sequel, with Michael Douglas reprising the iconic role of Gekko, takes place just following the crash in 2008. Each film is about the perils of avarice in high finance and investment in the wake of financial problems of successive generations. Source of article – New Wall Street movie makes a splash by Personal Money Store.

'Wall Street’ for the new era

The more things change, the more they stay the exact same. The 2nd film, equally the 1st, takes place in the midst of a financial crisis, and in the sequel, it is the real estate crisis 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. Gekko is a legendary character, as it garnered generations of fans and an Oscar for Michael Douglas. It seems 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. It is partly a story of sabotage of the wicked. However, the film, nicknamed however not actually titled “Wall Street 2,” is also a story of redemption.

Wall Street within the real world

People that work on Wall Street are aware that it is just a movie. A post within the Wall Street Journal by Martin Fridson opines that the movie captured popular outrage, however that it ignores actual causes of the 2008 crash. A Wall Street lawyer, who stayed anonymous also said the movie was fine as entertainment, as outlined by ABC. He also maintained that the movie shouldn’t be taken as more than that. Dramatic portrayals of historic events often leave out crucial details, for the sake of sensation. The film actually employed a fair number of Wall Street insiders as technical advisors. A couple of have lamented that Stone didn’t treat on the complexities of the market well enough within the movie.

Bad apples can wreck the bunch

It is sort of a shame that the few bad apples that get noticed spoil a bunch of really good ones. Many traders and workers on Wall Street are incredibly ethical and work really hard. That said, that type of thing doesn’t sell tickets or magazines unfortunately. The movie “Wall Street: Money Never Sleeps” would be uninteresting if that was the subject.

Discover more details on this subject

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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