A tingle was in the air the second it was announced there would be a brand new “Wall Street” movie. A lot of people have been waiting for “Wall Street: Money Never Sleeps”. The stock exchange crash in the 1980s was the inspiration for the very first movie. Comparable events coincide with the sequel. Michael Douglas returns as Gekko, and it is set within the real estate crisis of 2008. Both movies address unchecked greed and immoral trading in the world of investment and high finance after scandal.
The return of ‘Wall Street’
The sequel to the original film takes place in the urgent wake of the housing crash of 2008. The presumption is that Gordon Gekko, the role Michael Douglas plays, went to jail after the first film ended, as the second film opens with his release from prison. Gordon Gekko is an iconic 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. The film, often wrongly called “Wall Street 2″ is mostly about redemption.
Real Wall Street
The movie is just a movie. Most people on Wall Street really get that. The 2008 crash was really more complex than a film will do justice to. That is the subject of a recent post about the movie by Martin Fridson in the Wall Street Journal. A Wall Street lawyer, who stayed anonymous also said the movie was fine as entertainment, according to ABC. He also maintained the film shouldn’t be taken as more than that. Dramatic portrayals of historic events often leave out crucial information, for the sake of sensation. Some Wall Street insiders that served as technical advisers for the film lamented that director Oliver Stone did not touch on other components of the crash.
Good individuals of Wall Street don’t get seen
It is sort of a shame that the few bad apples that get noticed spoil a bunch of really good ones. Numerous on Wall Street work incredibly ethically and unbelievably hard. However, “Wall Street: Money Never Sleeps” isn’t about them.
Additional 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/
