Martin Scorsese’s film about Jordan Belfort is set join a long list of Wall Street movies that are focused more on frat-boy antics than financial wizardry.
The caricatures personified by Mr. Belfort, Gordon Gekko and the brokers in “Boiler Room†are well-known. “Boiler Room†even includes a long scene with the characters quoting from “Wall Street.â€
Here are options for 10 very good (and some so bad they’re great) movies on finance that we’d rather see instead of spending time with our family this holiday.
- “Trading Places†Money quote: “The people who own the pork belly contracts are saying, ‘Hey, we’re losing all our damn money, and Christmas is around the corner, and I ain’t gonna have no money to buy my son the G.I. Joe with the kung-fu grip!’â€
- “Floored†Money quote: Almost every quote in this documentary on the Chicago Mercantile Exchange is unprintable.
- “Barbarians at the Gate†Money quote: “Kravis will eat you alive if you let him in.â€
- “The Secret of My Success†Money quote: “That was the best damn memo I ever read.â€
- “Other People’s Money†Money quote: “I’ll bet the last company around was the one that made the best goddamn buggy whip you ever saw. Now how would you have liked to have been a stockholder in that company?â€
- “Working Girl†Money quote: “I have a head for business and a bod for sin. Is there anything wrong with that?â€
- “Rogue Trader†Money quote: “One of our traders in Singapore got drunk the other night and pulled a moon.â€
- “American Psycho†Money quote: “I can’t believe that Bryce prefers Van Patton’s card to mine.â€
- “Too Big to Fail†Money quote: “We don’t do this now, we won’t have an economy on Monday.â€
- “It’s a Wonderful Life.†Money quote: “Look, we’re still in business, we’ve got two bucks left!†This 1946 film may be the last time a banker was portrayed on film as a decent person.
A look back on our reporting of the past week’s highs and lows in finance.
FRIDAY, DEC. 20
Deutsche Bank to Pay $1.9 Billion Over Troubled Mortgage Securities | The German bank is the sixth entity to reach a settlement with the Federal Housing Finance Agency, which has sued 17 banks and financial institutions. DealBook »
THURSDAY, DEC. 19
S.E.C. Tension as It Weighed Mortgage Cases | The reasoning behind the decisions and the contentious way they divided camps within the agency illuminates how difficult choices are made inside the regulator. DealBook »
Investors’ Story Left Out of Wall St. ‘Wolf’ Movie | Left untold in a film about the penny-stock swindler Jordan Belfort and his firm, Stratton Oakmont, are the stories of the investors. DealBook »
Jury-Room Demonstration Persuaded Holdouts in Ex-Trader’s Trial | The jury reached its verdict of guilty in Michael S. Steinberg’s insider trading case soon after one juror convinced a holdout by having her walk through a doorway. DealBook »
Big Subprime Mortgage Loan Servicer Agrees to $2.2 Billion Settlement | Ocwen Financial said on Thursday that it had agreed to pay $2.1 billion to settle accusations that it improperly handled the loans of homeowners. DealBook »
Seafood Chain to Be Split From Darden’s Empire | Darden Restaurants announced that it would jettison its Red Lobster chain, one of several steps it said it would take to bolster its stock value. DealBook »
Facebook to Offer More Shares to the Public | When the markets open on Monday, Facebook will be a member of the Standard & Poor’s 500-stock index. DealBook »
Perelman Gives $50 Million to Hospital | The 10-year gift will go for the construction of an expanded NYU Langone emergency department that will triple the size of old unit. DealBook »
WEDNESDAY, DEC. 18
Ex-Trader at SAC Is Found Guilty | Michael S. Steinberg is the highest-ranking employee at SAC Capital Advisors to become ensnared in a sweeping insider trading investigation. DealBook »
More SAC Employees Depart as Firm Shifts Focus | Some expect departures from SAC Capital, which has pleaded guilty to federal charges, to quicken after the firm fully pays out year-end bonuses. DealBook »
Bitcoin, Nationless Currency, Still Feels Governments’ Pinch | A recent succession of moves by governments around the world has cast doubts on the legitimacy of the virtual currency. DealBook »
Wall Street Sees Hollywood as a Gateway to Sports and Entertainment | While previous generations of financiers have viewed the talent business as a vanity project, newer deals show that investors are set on remaking the industry. DealBook »
TUESDAY, DEC. 17
Brash Agent Extends Reach in a Big Merger | Ari Emanuel’s company, working with its private equity partner, Silver Lake Partners, won a bidding war with an offer of about $2.3 billion. DealBook »
Deal Professor: Despite Deal Activity Doldrums, a Few Highlights This Year | The number of takeovers is down so far this year, but there were a few interesting ones. The Deal Professor grades the best and worst of them. DealBook »
MONDAY, DEC. 16
S.E.C. Seeks Stiff Fines for Tourre | Four months after being found liable for defrauding investors in a soured mortgage deal, the former Goldman Sachs trader faces $910,000 in fines. DealBook »
DealBook Column: Big Bonuses, But a Shift in Who Gets the Biggest | In a shift of rainmakers on Wall Street, asset and hedge fund managers are edging out bankers when it comes to the size of year-end bonuses, writes Andrew Ross Sorkin. DealBook »
Insider Trading Trial of Former SAC Manager Goes to the Jury | The fate of a former top trader for the hedge fund SAC Capital Advisors hinged on whether or not jurors believed the government’s star witness. DealBook »
Volcker Rule Quickly Hits Utah Bank | Zions Bancorporation says it is taking a charge of $387 million to rid itself of a sizable portfolio of trust-preferred collateralized debt obligations and other C.D.O.’s. DealBook »
SUNDAY, DEC. 15
$5 Billion Deal Is Expected For A.I.G.’s Jet Leasing Arm | The big aircraft leasing unit, regarded as one of the crown jewels in A.I.G.’s empire, was sold a competing business, AerCap Holdings of the Netherlands. DealBook »
WEEK IN VERSE
‘Charlie Brown Christmas Dance’ | If your office party includes dancing, just steal the little red-haired girl’s moves. YouTube »