Tuesday, October 26, 2010

Spartan Daily

Spartan Daily


Oliver Stone’s ‘Wall Street: Money Never Sleeps’ crashes like the stock market

By Alexandra Ruiz-Huidobro
Spartan Daily
October 20, 2010

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“Wall Street: Money Never Sleeps” is, in theory, a drama centered around the fall of some of the U.S.’s banks in 2008.

The reality is that it’s a love story hidden behind expensive suits, lavish philanthropic events and the fabulous life that is New York.

Directed by Oliver Stone, this movie gives only slight insight to what it may have been like during those hectic days, behind the closed doors of some of the largest financial institutions of the United States.

The movie is a sequel to Stone’s 1987 film “Wall Street,” in which Douglas played Gordon Gekko.

One Response to “Oliver Stone’s ‘Wall Street: Money Never Sleeps’ crashes like the stock market”

Ted Rudow III,MA says:
October 26, 2010
As the Obama administration rejects a foreclosure moratorium and austerity protests grip Europe, Nobel Prize-winning economist Joseph Stiglitz backs calls for a foreclosure moratorium and says opponents of a new government stimulus “don’t understand basic economics.”
One of the first bankers to loan money to the government was a German who became known as Rothschild who started lending to the prince in power in the late 1700s and who soon found himself a part of the national finance business. Rothschild then sent his five sons to the major cities of Italy, Austria, France and England to set up similar banks, which soon became powerful in the same manner; all the while cooperating with each other and not divulging their business secrets to outsiders.

Those same mortgage companies, the banks, engaged in predatory lending practices. They weren’t asking what was the best mortgage for these homeowners; they were asking what was the mortgage that generated most fees for me. The way the mortgage system worked, they could take bad mortgages, sell them off to investment banks that would repackage them and sell them on to other people.

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