Money Never Sleeps, Though It Likes to Nap From Time to Time
By BankersBall on May 14, 2008 in Famous Bankers, Lifestyle
Yawn. When is the movie coming out already?
Though it’s been close to a year, we’ve not heard a whole lot more about the Wall Street Sequel, Money Never Sleeps, since our last post back in July of 07.
What we still don’t know:
VideoETA has a release date of October 2008, but there’s just no way. IMDB says 2009, though I’m too cheap to sign up for their premium service. The Numbers has a release date of December 2009. Previous reports (at this point about a year old as well) have placed the release date in 2009 at some point. Can someone out there use their film industry connections to find out an answer for the rest of us?
What we do know:
- Gordon Gekko will be back
- Bud Fox and director Oliver Stone will not be back (say “sayonara” just to get yourself in that 80s mindset)
- Previously we reported that it would be set in London (yes, appalling). Actually, it’s going to be set in “New York, in London, in the United Arab Emirates and in an Asian country.” (Telegraph)
- Gekko will be more “outwardly altruistic” (Telegraph again)
- “The new film will take off with Gekko out of jail and ‘resuming his machinations on a global scale in the hedge-fund era.”
On May 16, 2008, Tim Sykes said:
How does he get out of jail and back into the biz? The SEC just gives back his licenses?
On Jul 21, 2008, Mathproof said:
He could just have someone else make the trades per his instruction, yes?
On Jul 23, 2008, Thomas said:
What license?
Gekko was basically a private investor. He didn’t run/own a brokerage firm, or a hedge fund. He was a very wealthy individual who gave money to people who traded for him (his investment bankers on staff). But again, the staff was private.
I invest, certainly not millions, but I invest. I could go to jail tomorrow, get out next week and still invest. You don’t need a license to give money to someone.
On Jul 24, 2008, poc said:
The individual may not need a license, but the firm does. Gekko employed bankers and traders, and thus, as the top executive, there is no way the SEC would allow him to continue as he did. He may be able to do it dicreetly, but he’ll have a huge target on his back, and in no way will he be able to run or be employed at a hedge fund. Look at Milken, he still invests, not as an “insider” but rather like all other wealthy individuals not in the business, because the SEC has essentially given him a lifetime ban, and he can’t trade without a license.
This movie has holes, look for it to get “shelved.”
On Aug 7, 2008, Bud Foxx said:
Hedge Fund do not need licenses, also off shore has less restrictions.