Iggy Ioppe. Colin Butler. Greg Hold. Three “finance powerhouses” who “play hard” for “the thrill of the game itself.” Somehow they managed to find time in their schedules to help promote Money Never Sleeps. This involves telling us their favorite Wall Street quotes, of course, but also their relationship statuses (all singles, ladies!), and market musings. (For instance, Greg, founder of Hold Brothers, appreciates that “The markets are fair. They don’t care who your daddy is.” Colin, VP of institutional trading at Caris & Co has learned that “You’ve got to come to work each morning ready to bite the ass off a bear.” Iggy, a prop trader at Credit Suisse loves the confluence of “society, economy, politics.”) There’s also this: Continue reading »
Gordon Gekko
Financial Services Employees Offer Words Of Wisdom, Tepid Enthusiasm For Money Never Sleeps, Night Of Love And Desktop Wallpaper
By Bess LevinNouriel Roubini Warns Against Next Generation Of Gordon Gekkos, Promotes Wall Street Sequel
By Bess Levin
Sayeth the Doctor:
In the 1987 film Wall Street, the character Gordon Gekko famously declared, “Greed is good.” His creed became the ethos of a decade of corporate and financial-sector excesses that ended in the late 1980’s collapse of the junk-bond market and the Savings & Loan crisis. Gekko himself was packed off to prison. A generation later, the sequel to Wall Street – to be released next month [which yours truly has a cameo in, thank you very much]– sees Gekko released from jail and returned to the financial world. His reappearance comes just as the credit bubble fueled by the sub-prime mortgage boom is about to burst [my trailer had a sign that said 'if this economist is a rockin' don't come a knockin'], triggering the worst financial and economic crisis since the Great Depression [The extras. My god, the extras. I thought I had it good with my NYU groupies]. The “Greed is good” mentality is a regular feature of financial crises [These Hollywood chicks are, like, crazy horny]. But were the traders and bankers of the sub-prime saga more greedy, arrogant, and immoral than the Gekkos of the 1980’s? [Oliver told me stories but nothing really prepares you.] Not really, because greed and amorality in financial markets have been common throughout the ages. [Seriously, though, everybody buy a ticket so they make a third one of these. I need this.]
The noted investor has finally– finally!– weighed in on the Goldman charges. Continue reading »
As briefly mentioned yesterday, Oliver Stone has signed on to direct the Wall Street sequel, after previously bailing on the project (whose original title, Money Never Sleeps, has blissfully been shelved). That’s where the good news ends and the Shia LaBeouf begins. He’s currently in negotiations to “play a young Wall Street trader under Gekko’s spell– a somewhat updated version of the character Charlie Sheen played in the original film.” While we can see LaBeouf playing a 2009 version of the sniveling Seth Davis,* this just won’t do. Hopefully the talks will fall through and when that happens, we need to be prepared to offer a more suitable alternative. Who shall that be? Don’t be afraid to think outside the box. Once you’ve answered that, determine a working list of Wall Street “personalities” we’d like to make appearances as themselves. Jimmy Cayne– given. But what about Meredith Whitney? Jamie Dimon? Jim Chanos? Mark Haines? Let’s inject some authenticity up in this piece. Lastly, since it sounds like the script isn’t exactly finalized, what do we think of a storyline involving a burning passion between Erin Callan and David Einhorny, ignited over a balance sheet brawl?
*In a Boiler Room sequel no one’s announced plans to make.
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