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Friday, January 03, 2014

"The Wolf of Wall Street" reviewed by bankers.

"The Wolf of Wall Street" reviewed by bankers.

Tucked behind the Goldman Sachs building at 200 West Street, the Regal Battery Park theater was a fitting venue for last night's free advanced screening of "The Wolf of Wall Street," Martin Scorsese's highly-anticipated biopic about '90s-era pump-and-dump charlatan Jordan Belfort. Belfort's decadence was disturbing, but equally disturbing was the finance-heavy audience's gleeful reaction to his behavior and legal wrongdoings.
Credit Scorsese and Leonardo DiCaprio, who played Belfort, for keeping the high-octane, drug-filled movie entertaining for three hours (the longest Scorsese film by about 60 seconds). But my one major gripe was pretty simple: Jordan Belfort defrauded a lot of people—and by the nature of his penny stock transgressions, many low-income people—out of a ton of money. He then used that money, as one does, on cocaine, hookers, cars, and yachts. It may be great cinema to document his exploits, but there's a fine line between satirizing Wall Street's excess and celebrating Belfort's lifestyle.

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