Oliver Stone Moving Forward With ‘Wall Street 2′
Olive Stone‘s next big project, after last year’s W, is going to be something he’s never done before. No, not a subtle political drama, but a sequel. The notorious director, known for such controversial films as JFK and Natural Born Killers, will soon be shooting a follow-up to his 1987 classic Wall Street. Michael Douglas is also on board to reprise his Oscar-winning role as Gordon Gekko. No word on Charlie Sheen yet. According to Variety, the new additions to the cast include Shia Lebeouf, playing a trader who “falls under Gekko’s spell”, and Susan Sarandon, who’s currently in negotiations to play his mother.
What is it with Labeouf? He seems to be the go-to-guy when an internationally renowned director is filming a long delayed sequel (see Indy 4). Stone recently spoke with Empire magazine about the project, which is scheduled for an early 2011 release. Responding to curiosity about the new film’s premise, he says:
We deal with the big banks. Some of our actors are playing big bankers. We deal with the Federal Reserve Board. We show two meetings inside the Federal Reserve Board. But we’re trying to show the stakes in dramatic terms, so people understand. It’s a very tough subject. The first Wall Street was not an easy movie, because it had a lot of technical detail, but I think we kept the emotions in there. The same thing is true about Wall Street 2. It has to be an exciting movie.”
If it’s a smidgen more exciting than W, then Stone’s got something.
The original film spawned the oft-repeated catchphrase, “Greed is Good”, a mantra which many traders on Wall Street took to heart. When asked about its influence on the current financial crisis, Stone says,
A lot of people have told me that they went to Wall Street because of Wall Street. That’s ironic, isn’t it? I did think that bubble would pop back then; I was shocked by the continuing cycle of wealth through the 90s and the 2000s. It’s a condition that’s not over. But I don’t feel guilty. The movie, if you really look at it, is clear. I mean, it does come down on the side of morality. And I do believe in financial responsibility. My father was a stockbroker for 40 years and I respected him. He was an honest man. Wall Street has an important role to play, and it can be a very constructive role in financing, in new business, in financing state bonds and pension plans. But the speculation is the mother of all evils. There have to be regulations. And we’re not getting these regulations in place.”
If there’s one profound thought to have come out of this economy, then it should be that greed isn’t so good after all. We’ll see if the actors involved keep that in mind when they’re negotiating their contracts for the movie.