Forum Views ()
Forum Replies ()
Read more with google mobile :
Oliver Stone returns to "more complex" "Wall Street"
Yahoo!
My Yahoo!
Mail
More Yahoo! Services
Account Options
New User? Sign Up
Sign In
Help
Yahoo! Search
web search
Home
Singapore
Asia Pacific
World
Business
Entertainment
Sports
Technology
Weekend Edition
World
Oliver Stone returns to "more complex" "Wall Street"
Reuters - Thursday, October 14
Send
IM Story
Print
By Gregg Kilday
LOS ANGELES - The son of a stockbroker, director Oliver Stone returns to the scene of the financial crimes he first explored in his 1987 "Wall Street" with his new feature, "Wall Street: Money Never Sleeps."
Once again, Michael Douglas plays the iconic financier Gordon Gekko -- he won the best actor Oscar for his original performance -- as Gekko is released from jail into a new world of complex financial derivatives. The 20th Century Fox film opened September 24.
In a recent interview, Stone spoke about his decision to make a sequel, the ways Wall Street has become even more ruthless since the first film, and whether Gekko is a hero.
THR: What was your first reaction when Michael Douglas and producer Edward Pressman first proposed a sequel in 2006?
Oliver Stone: I was open to it. I didn't see the need for it. But they commissioned a script from Stephen Schiff. It had many good things in it, including the daughter of Gekko's character, Winnie. But at that time, it just seemed out of context, a celebration of wealth. So I passed on it. Then around early 2009, Ed and Michael reached out to me with a new script written by Allan Loeb, which was very interesting. It hooked me. It had more elements, but it was still around the hedge fund world. We did a lot of research, and we moved it to the banking world and changed quite a bit over the course of the next eight to nine months, during the shooting and during the editing. The script for me is an ongoing thing. Even after Cannes , we were doing some changes.
THR: How deeply did you research the subject?
Stone: I read William Cohen's book on Bear Stearns, that was the first big book I read. But the Rolling Stone article that was so famous, by Matt Tai, that came out just as we were going to shoot, but I'd received something similar in terms of information from Eliot Spitzer, the ex-prosecuting attorney who took on a lot of the Wall Street cases, especially AIG. And he said to us, Take a strong look at what Goldman Sachs is doing here. He said Goldman is playing it both ways, they are going long and short. It's a very interesting concept for a script, because as we say in the movie, it was like a bookie who books bets going in and out. That was quite something. He said look at this nexus of Goldman/AIG as an evil empire.
THR: The first "Wall Street" dealt with insider trading, which was relatively easy to dramatize. The current financial system is so abstract. Did that present problems for you as a dramatist?
Stone: It's much more complex. Derivatives have blossomed into a new industry, way beyond the bond market. It's a huge thing. We certainly didn't push it, but we did cover it. It's talked about, but it doesn't have to be known by audience. It's in there, especially in the Federal Reserve Board meetings -- the concept of being too big to fail. What you get from the movie is that the banks are really running the show. They are counterparties to each other. In that Federal Reserve Board scene, you see right at the beginning that Frank Langella's bank is dependent on all the other banks. In a sense, inside information doesn't mean anything anymore, because they all know each other's business and trade with each other. With computers being so high-frequency in the trading, let's say you go to market with some inside information -- well, another computer can pick up that information and beat you out by seconds. It's what Goldman has been doing. They can beat you by a few seconds and make a few pennies on a trade, and they do so much volume, they will trade for a half-a-penny profit. That would have been inconceivable in the 1980s, or in my father's era before that.
THR: What else has changed on Wall Street since the first film?
Stone: It's gotten 10 times bigger, 100 times bigger. No one can control the beast. I think this movie is the opposite of the first movie. The first movie was going into the '80s, when that sense of greed was infinite. Then we had deregulation for 30 years with Reagan, Clinton and the two Bushes. But we're coming to the end of an era. No one can control it, it's so deregulated. No one knows where it's going. We don't know if a market will collapse tomorrow or a currency will collapse. There's constant insecurity. As a result, our economy is complete uncertainty and on medication.
THR: How did Michael Douglas like slipping back into the role?
Stone: Michael was great in this. I thought he was really comfortable, like an old shoe. He loved it.
THR: Do you have any updates on the state of his health?
Stone: At the premiere, about two weeks ago, he looked great. I know he's suffering, it's hard. But he was certainly lifted up by the premiere and the reception to .
THR: How did you decide how Gekko would fare in this new environment?
Stone: We felt our way toward it. The idea was we would go in a complete opposite direction. In the other movie, he was a one-note villain, just interested 24/7 in money, money, money. In this movie, he has no money at the beginning. He's coming out of prison and no one will talk to him. So the idea is he's a smart guy and survivor, a sly fox and a bastard, too. So he makes his way back from nothing. He was always a contrarian, so he makes his fortune in a down market. ... At the same time, because he's an older man, he's closer to death. Who's he going to leave his money to? I think some of the critics have gotten it wrong, frankly. They say that he goes soft. Hardly. He's smart. I think that's a Gekko trait. I think he wants to be a father and a grandfather, but it's about his ego, too.
THR: Even though Gekko was the villain in the first film, his greed-is-good speech became a kind of rallying cry for those who admired him. How do you make a film set in a world of wealth and privilege without glamorizing it?
Stone: You know, Gekko was a crook. I don't think anybody went to Wall Street with the idea that they would go to jail. But I think people related to the fact that he's successful, he's smart. They still do. He's very sly in this new movie -- he's older, he's more mature, he waits. He's very passive in the first part of the movie, he's waiting for his opportunities. At the end of the ball game, he's pretty sharp. People are against Wall Street now, so it's easy to be simple and say it's all black-and-white, but it's not. This is a gray movie. It's really about six people in a shark tank. Each one has a different set of values. It's very hard not to glamorize it. I was criticized for the same thing in the first movie. When I did "World Trade Center," I was underground, in a hole, in the dark after 9/11. In this movie, you look down on New York from the sky. The intention was the same as the old movie
-- it was to make it slick and glossy. We wanted it to look very sexy, because it does to these people. They like this world and its surfaces.
Recommend
Send
IM Story
Print
Related Articles
US-ENTERTAINMENT Summary Reuters - 1 hour 1 minute ago
Peter Jackson: "Hobbit" decision in "week or two" Reuters - 1 hour 3 minutes ago
Documentary shows Hollywood hard times for Chinese actress AFP - 1 hour 52 minutes ago
Deals already on offer for Chilean miners' story Reuters - Thursday, October 14
Oliver Stone returns to "more complex" "Wall Street" Reuters - Thursday, October 14
News Search
Top Stories
'Bandit' Obama billboard sparks storm in US city
OPEC set to maintain official oil output
Hero's welcome in Lebanon for Iranian leader
Time to find a second Earth, WWF says
In Chile mine accident, 33 is lucky number
More Top Stories »
ADVERTISEMENT
Most Popular
Most Viewed
Most Recommended
Time to find a second Earth, WWF says
Chile mine rescue operation begins
Standard Chartered to raise 3.3 billion pounds
'No risk' of currency war: Geithner
Lacklustre England held by minnows Montenegro
More Most Viewed »
Too much TV psychologically harms kids: study
Workers swarm Europe's streets in anti-cuts protests
British lottery winner gets record 129 mln euros
'A billion people' go hungry in 2010: report
More Most Recommended »
Elsewhere on Yahoo!
Financial news on Yahoo! Finance
Stars and latest movies
Best travel destinations
More on Yahoo! News
Home
Singapore
Asia Pacific
World
Business
Entertainment
Sports
Technology
Weekend Edition
Subscribe to our news feeds
Top StoriesMy Yahoo!RSS
» More news feeds | What are news feeds?
Also on Yahoo!
Answers
Groups
Mail
Messenger
Mobile
Travel
Finance
Movies
Sports
Games
» All Yahoo! Services
Site Highlights
Singapore
Full Coverage
Most Popular
Asia Entertainment
Photos
World Cup 2010
Yahoo! News Network
Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved.
Terms of Service |
Privacy Policy |
Community |
Intellectual Property Rights Policy |
Help
Other News on Thursday, 14 October 2010 France fuel supply threatened by pensions stand-off
Oppression and wealth gaps spurs satire in Egypt
Facebook rejects ownership lawsuit as a 'scam'
Court clears way for Liverpool FC sale
Six NATO soldiers killed in Afghanistan
Britain, Russia fail to heal scars of agent's murder
Rapturous welcome for Iran's Ahmadinejad in Lebanon
World's 'smallest man' undergoes final checks for record
NATO: 6 troops killed, including 4 in Afghan blast
Facebook tightens security for members on the move
OPEC 'consensus' to hold oil output steady
US-TECH Summary
G8 seeks Sahel anti-terrorism progress at Mali meet
|
European bid to freeze deepwater drilling collapses
Judge mulls residence issue in Facebook case
Hurricane Paula weakens on track to western Cuba
|
Experts warn of 10mln TB deaths in next five years
Hero's welcome in Lebanon for Iranian leader
Michigan to get 5,300 charging stations for electric cars
Gold strikes historic high point
Danish court blocks media from quoting Facebook 'friends'
JP Morgan quarterly profit up 23 percent
Amadeus says no decision on sale of Opodo
Time to find a second Earth, WWF says
U.S. Republicans likely to take House
Intel posts three billion dollar quarterly net profit
Cyber bullying campaign against Korean singer dies down
Apple executive to meet South Korea lawmakers on iPhone
FCC eyes an end to shocking mobile phone bills
|
Tech giants Samsung and Apple more friends than rivals
Microsoft deepens Facebook ties in Google battle
|
US-ENTERTAINMENT Summary
Apple stock breaks $300 for first time
|
Hollywood blogger Perez Hilton vows to quit bullying
Some fever scanners work, U.S. study finds
|
Corrected: Sirius XM adds more subscribers, offers debt
|
U.S. steps up military-civilian cyber defense coordination
|
Judge mulls residence issue in Facebook case
|
Spain's bullfighters hail cultural recognition
Bosnia revokes filming permission for Jolie film
US-ENTERTAINMENT Summary
Hollywood blogger Perez Hilton vows to quit bullying
German minister hits out at US over China forex criticism
Serbian NGOs hail Gay Pride amid threats of more violence
Renaissance Rome plays host to new 'Assassin' game
G20 chair S.Korea faces questions over currency moves: Japan
Coal India expects 25% rise in full year profit
Iranian director says politics force him to work abroad
Daimler aims for huge sales boost in China
Stripey plants are the bees' knees
Pakistan c.bank says auction result posted in error
Yo-Yo Ma, Paul Simon to kick off Kennedy celebrations
Michael Jackson solo music videos get DVD release
|
Three NATO soldiers killed in Afghanistan
France fuel supply threatened by pensions standoff
Rescued Chile miners recover, face celebrity status
|
AOL, private equity firms explore purchase: WSJ
US soldier 'may be disciplined' for aid worker death
Britain, Russia fail to heal scars of agent's murder
'Bandit' Obama billboard sparks storm in US city
Bomb kills 3 foreign troops in west Afghanistan
|
New Iraq govt will help Syria ties says Assad
Facebook and Bing fuse social network and search
Time to find a second Earth, WWF says
U.N. could police parts of north-south Sudan border
In Chile mine accident, 33 is lucky number
Global PC sales slow in third quarter
Iran says to stand by Lebanon against Israeli hostility
|
Hubble captures first images of suspected asteroid collision
NATO lets Taliban leaders go to Kabul for talks
Microsoft deepens Facebook ties in Web search battle
US moves to enhance cybersecurity cooperation
NATO: 3 more troops killed in Afghan bomb blast
Japan PM: desirable for China to free Nobel winner
|
Study says iPhone 4 design fine -- unless you drop it
Iran says to stand by Lebanon against Israeli hostility
U.N. could police parts of north-south Sudan border
|
Tribes can solve Sudan's Abyei row alone
Sirius XM adds more subscribers, offers debt
Peru arrests Shining Path leader, two killed: report
|
Australian police find half-tonne of cocaine
Ahmadinejad visit to Lebanon is "provocative"
FCC eyes an end to shocking mobile phone bills
Rousseff holds ground in Brazil election race
|
Nepalese teen becomes world's smallest man
Some fever scanners work, U.S. study finds
Diminutive Hurricane Paula weakens further
|
'Mary Mania' as Australia prepares for first saint
Documentary shows Hollywood hard times for Chinese actress
Sony delays launch of latest "Gran Turismo" game
Deals already on offer for Chilean miners' story
Cuba on storm alert as weakened Paula approaches
Kenya marathon double on final day of Delhi Games
Global PC sales slow in third quarter
Hurricane Paula weakens in Caribbean to category one
Taiwan plans to allow small brothels
US-ENTERTAINMENT Summary
Google urged to drop China name for disputed isles
IVF births result in taller children: NZ study
Private equity courts News Corp, AOL on Yahoo: source
|
Cricket captain Ponting blames himself for India loss
Microsoft deepens Facebook ties in Web search battle
|
Sea lion attacks New Zealand rowing boat
FCC eyes an end to shocking mobile phone bills
|
Pakistani flood children face winter peril
Sony delays launch of latest Gran Turismo game
|
Oliver Stone returns to "more complex" "Wall Street"
Tatar city emerges as new Russian sports giant
Third-quarter PC growth weaker than expected
|
Judges panel selected for Paula Abdul show
Verizon not in Clearwire spectrum sale
|
"Breaking Dawn" coven members cast
China local governments loan default fears
Eddie Murphy to star in "Tower Heist"
Pakistani c.bank sells 48 bln rupees of T-bills
Maroon 5's Levine speaks out against anti-gay bullies
Seoul shares up 1.3 pct; rate decision reaction muted
Australia, Indonesia agree more talks on Timor asylum centre
Steinbeck family lose latest round in copyright feud
Bruce Willis likes it when he sees "RED"
Dollar hits new 15-year low versus yen
Bosnian minister cancels Jolie's filming permit
Taiwan stocks have best day in 5 wks; banks, TSMC up
US senator calls on China to allow currency rise
S.Korea c.bank holds rates, says FX risk to economy
Taiwan: must evaluate carefully any "hot money" tax
Oliver Stone returns to more complex Wall Street
|
PAKISTAN
Peter Jackson: Hobbit decision in week or two
|
South Korea freezes key interest rate
Bosnian minister cancels Jolie's filming permit
|
Deals already on offer for Chilean miners' story
|
Judges panel selected for Paula Abdul show
|
Bruce Willis likes it when he sees RED
|
Breaking Dawn coven members cast
|
Steinbeck family lose latest round in copyright feud
|
Sony delays launch of latest "Gran Turismo" game
Beauty leads DVD sales, Karate Kid tops rentals
|
Ahmadinejad, near Israel border, says Zionists mortal
|
Witness: Two deaths and four years in Putin's Russia
|
NATO backs reforms, U.S. warns allies on domestic cuts
|
OPEC maintains oil output quota
Sony again delays release of Gran Turismo 5
OPEC begins output meeting, oil price firms
Abbas says: Let's focus on hope, not failure
|
Indonesian civil servants stumble over unusual test
French government calls for calm amid oil and rail protests
|
Dollar hits 15-year low against yen
Pakistan floods caused $9.7 bln in damage: ADB/World Bank
|
Thaksin 'to increase activities ahead of Thai polls'
Four shot dead in restive Thai south
|
Australia rout India to win fourth men's hockey gold
German universities to train Muslim imams, teachers
|
Indonesian militants go on trial over hotel bombings
Rainbow Warrior denied entry to Indonesia: Greenpeace
Japan PM: desirable for China to free Nobel winner
S.Korea buries N.Korean defector amid controversy
Pakistani stocks, o/n rates end up; rupee flat
Verizon to join AT&T in selling iPads
|
Aquino blames Philippine court for blocking reforms
Taiwan dlr at 26-mth high; c.bank muted
Japan to export hit samurai drama
Need a lift? Phone your car and it'll pick you up
|
Pakistan's forex reserves fall to $16.97 bln
Harry Potter plagiarism case may come to UK trial
Pop legend Cliff Richard still rocking at 70
China plans to expand investment in Africa
Adam Lambert uncowed by anger over sexuality
First edition of Orwell's 1984 found in charity bin
S.Korea benchmark treasury yield near 6-yr low
Smell, close your eyes, remember: chefs teach kids
NZealand unions keep mum on 'Hobbit' boycott
The unexpected rebirth of a Saxon village in Romania
Revolutionary Vienna social housing project turns 80
A Minute with: Clint Eastwood on death, afterlife
|
Adam Lambert uncowed by anger over sexuality
|
Harry Potter plagiarism case may come to UK trial
|
Sony again delays release of Gran Turismo 5
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights