Greed and Power in The Film Wall Street

SYNOPSIS:

1. The movie starts off with Gordon Gekko being released from prison in 2001 after serving 8 years in prison for securities fraud and insider trading. Now 7 years later he is promoting the book he wrote, “Greed is Good.” The movie also revolves around Jacob Moore who is a proprietary trader and works for Louis Zabel at the company, Keller Zabel Investments and is dating Winnie the daughter of Gordon Gekko. He is mainly focused on a fusion research project run by a doctor. Then what happens is that Keller Zabel’s stock loses more than 30% of its value. Louis then tries to get a bailout from the other Wall Street banks but is denied by Bretton James who is the head of a rival firm, Churchill Schwartz. Louis Zabel then commits suicide by jumping in front of a train. Jacob then meets with Gordon Gekko and tells him he is going to marry his daughter then Gordon informs Jacob that Keller Zabel started to crash after someone started rumors of the company having toxic debt. Gekko then agrees to help Jacob get revenge of Bretton James who they suspect started the rumors. What they do is spread rumors of the nationalization of an oil field, which leads to Bretton making a loss of §120 million. Jacob then starts to work for Bretton and tries to get the Chinese investors to invest in the fusion research, which they do not. Gekko then persuades Jacob to get Winnie to agree to sign over the §100 million she owns in a Swiss account to fund the research but in the end Gordon Gekko steals the money. Gekko then starts a financial company with the money and Jacob gives Winnie an article to expose Bretton. The investors then leave Bretton and go to Gordon. Gordon Gekko then gives Winnie her §100 million back.

UNETHICAL ACTIONS:

2. Th...

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...conciliation where an outside party would have to facilitate the discussion, then mediation where the outside party would give advice and lastly would be arbitration where the outside party makes the final decision. Compromise will definitely be in this process

FINANCIAL CRISIS:

13. The USA banks lent too much money to people who could not pay it back which then lead to the banks of the USA to run out of money and they then had to shut down. They lent money to people who wanted to buy houses but never had the money to pay the banks back eventually. They did not have a system to check a person’s credibility.

14. South Africa has a stricter credit application rules so if you want a loan to buy a house you would need to fill out a form showing proof that you have enough money to pay the bank back. Also SA’s government does not have a large share in the banks