Hype surrounding brand new Wall Street film equally large as the original

For months, the buzz over the newest “Wall Street” movie has been extreme. Lots of people have been waiting for “Wall Street: Money Never Sleeps”. The first film somewhat coincided with present events when it was launched. The film about corporate greed in the 1980s came out just after the stock exchange crash in that decade. The real estate crash of 2008 is the inspiration for the new movie, as Douglas returns to his Oscar winning role as Gordon Gekko. Each film is about the perils of avarice in high finance and investment within the wake of financial disasters of successive generations. Resource for this article – New Wall Street movie makes a splash by Personal Money Store.

The return of ‘Wall Street’

The sequel to the original film takes place within the urgent wake of the housing crash of 2008. The presumption is that Gordon Gekko, the role Michael Douglas plays, went to jail following the first film ended, as the second film opens with his release from prison. The iconic role earned Douglas an Oscar. Seems like his new job is as a lecturer, as he gives talks to business students. The fiancé of Gekko’s daughter within the film, played by LeBeouf, works at an investment financial institution and looks to bring down a corrupt hedge fund manager. The movie, erroneously referred to as “Wall Street 2,” is supposed to be a story of redemption.

Wall Street in the real life

Actual people on Wall Street know it is only fiction. A post in the Wall Street Journal by Martin Fridson opines that the film captured popular outrage, but that it ignores actual causes of the 2008 crash. An anonymous corporate attorney, as outlined by ABC, said the movie is fine as entertainment, but can’t be taken seriously as a critique of actual events. Hollywood takes license with historical events, which isn’t exactly a secret. Many events in history, which were really really complex, were bent for the sake of sensation. The film really employed a fair number of Wall Street insiders as technical advisors. A few have lamented that Stone did not treat on the complexities of the market well enough in the movie.

Fine individuals of Wall Street don’t get observed

There is some truth in the cliché that a bad apple ruins a group. It is kind of a shame. Many traders and workers on Wall Street are incredibly ethical and work really hard. If “Wall Street: Money Never Sleeps” was about those sort of people, it wouldn’t sell many tickets.

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/