For the first anniversary of Wall Street 2: Money Never Sleeps, Bloomberg rang up Oliver Stone to see what’s been a’ poppin’ with the director of late and pick his brain about how things have been going in the finance world since the premiere. The interview touched on the fact that the original script had Josh Brolin playing an evil hedge fund manager, before Stone realized that it was the banks that did most of the heavy lifting with regard to bringing the global financial system to its knees (“[Hedge funds] are just the tail,” the filmmaker says. “The dog is wagging them. The big dog is these seven banks”). “You can’t condemn the hedge funders for doing what they’re doing,” was Stone’s response to the question of whether or not the hedge fund industry is deserving of blame for the crisis, indicating rational, lucid thought, and not those of someone who’s been drinking. But he wasn’t finished. Read more »
Oliver Stone Has Come To Accept That You Can’t Get Mad At Hedge Funds For Ruining Children’s Birthday Parties, Other Stuff; That’s Just What ‘Pigs’ DoBy Bess Levin
It’s one thing to produce a film that induces feelings of suicide in the audience, what with its 17 different plots lines and Gucci loafers, all the while exposing your childlike comprehension of the machinations of Wall Street but when you insult the looks of Lloyd Blankfein, you go too far. Read more »
“You just had the flash-crash on Thursday. Here we are at Cannes. It’s almost like Rupert Murdoch made it happen,” said co-star Shia LaBeouf, referring to the chairman of News Corp., which owns 20th Century Fox, the studio releasing the film. “You’re down 1,000 points on Thursday, you’re up 300 points on Monday,” LaBeouf, who plays Gekko’s new protege, said in an interview. “You literally, just as I’m speaking to you, just went through the most tumultuous 30 minutes to ever hit the market in the history of Wall Street, and here we are promoting a movie. It’s wild that our movie’s taking place in this landscape. This is a firefight in the middle of the craziest money storm that has ever happened.”
Because his 1987 hit attacked the personal ethics of financiers — and the director is pals with Hugo Chavez — it’s not surprising that several banks didn’t want Stone to shoot scenes inside their New York offices. The director notes that the “conservative banks would not deal with us. Goldman sealed their floors to us.” But an unlikely knight saved the day: “Our biggest break came when the Royal Bank of Canada called back, and they were extremely gracious, they said, ‘By all means, we’d love you to shoot here.’ The Royal Bank of Canada was one of the few banks that behaved impeccably in this period and made a profit and continued on. And everyone applauded Canada’s behavior because they had different rules. Europe was going down, the whole world was affected. But here was the Royal Bank of Canada — unlike the Royal Bank of Scotland, which was a disaster — the Royal Bank of Canada was impeccable!
At least that’s what he claimed to Vulture on the eve of Money Never Sleeps premiering at Cannes.
What are you doing to relax before your movie premieres tomorrow?
[Laughs.] I’m trying to get tickets for people. “Friends.” It’s insane here. You know what a ticket’s going for here on this film, on the black market? 8,000 Euros! That’s about $10,000, I think … which is approximate, but still, amazing for a movie ticket.
It’d be kind of ironic if this film in particular sparked a dangerously volatile futures market.
It’s a scalping thing. I heard we were the highest ticket at the festival. I had 25 “friends” call on the last day [before the film screened] to get in. That’s a dilemma you can’t get out of.
Stone also told the interviewer that though he had the chance to get Lloyd Blankfein’s notes on the flick, he declined to screen it for the li’l fella, assuming he wouldn’t like it, due to the criticism of “the banking class.” Which I think it unfair! Would LB have opened the doors of 85 Broad and allocated multiple partner managing directors to give Shia an insider look at what life is like at GS (and what it takes to get hired at the place) if he wasn’t looking forward to this thing?! Read more »
What? O-Stones can’t help it if he has fans all over the Street. A show of hands please: for those of you working at “a major hedge fund or a boiler room” (or both), do you count the man responsible for unleashing this CFA candidate on the world as a hero?
Oliver Stone, on the other hand, has been receiving a decidedly different reception [than the Gordon Gekko character] while researching the film around town. “When Oliver has walked into a major hedge fund or boiler room, they break out in applause,” Pressman said. “He’s a hero to them. Wall Street is going to love the new film even more.”
Dr. Doom and the man responsible for Wall Street 2, Oliver Stone, celebrate something, the day after Halloween. [Gawker]
For those of you worrying the Money Never Sleeps actor would just be spouting lines about the market without the faintest clue as to what he was talking about, fear not. According to director Oliver Stone, ShiLa really gets this stuff. Sayeth Stone:
“[I’m in the market]…but I don’t play it like the [pros]. Or like Shia. As a result of this movie, Shia’s really learned. He’s into it. He trades daily. He and Josh discuss the market between takes.”