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HOUSE_OVERSIGHT_021236

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HOUSE OVERSIGHT 021236 When Gekko delivers his speech, "Greed, for lack of a better word, is good. Greed is right. Greed works," cinematic history was made. "Wall Street" was set in 1985, a time before ten financial news networks broadcasting 24/7 existed. The entire financial services industry was largely unknown and Oliver Stone nailed it. Four years ago, Wall Street's producer Ed Pressman decided it was time for a sequel and met with Fox Film Entertainment co-chairmen Tom Rothman and Jim Gianopulos. Michael Douglas was immediately on-board pending script approval. Steven Schiff wrote the first script before the global economic crash of 2008 rendered it obsolete. Alan Loeb was brought in for a rewrite. Pressman asked me to meet Loeb at the Carlyle Hotel to explain the social rhythms of New York's financial high society. Whereas Gekko's character was modeled after '70s junk bond kings (Michael Milken) and '80s mergers and acquisitions killers (Henry Kravis), Loeb bases the new villain on hedge fund billionaires like John Paulson and Mike Novogratz, geniuses who have created stratospheric wealth beyond Gordon Gekko's wildest dreams. When Oliver Stone agreed to direct, he rewrote a portion of the script to focus on bankers as well as hedge funders, taking no screen credit. This past September, Oliver yelled, "action" as Gordon Gekko, with long grey hair, comes back to life as he emerges from a lengthy prison stint shot outside of Sing Sing in Ossining, New York. Gekko is desperate to redefine himself in a different era. The New York Post runs a full-page photo of Gekko and New Yorkers immediately become obsessed with the filming of Wall Street 2. A week into shooting, a glorious fall day. Ed Pressman invites me on the set at the Central Park Zoo. Oliver designs an elaborate tracking shot around the seal pool where Gekko, fresh from jail, walks and talks to Jake Moore, a young idealistic investment banker played by Shia LaBoeuf. They discuss Gekko

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