Wednesday, December 25, 2013

"The Wolf Of Wall Street" Opened Today

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It's another Scorsese-DiCaprio project-- there have been 5 so far-- so there has been plenty of fanfare. Based on the true story of Wall Street swindler Jordan Belfort, anyone who had hoped the movie-- or the discussion around it-- would serve as an opportunity to take a serious look at Wall Street corruption will be sorely disappointed. It's as if Scorsese made a conscious effort to avoid it, and left out-- like 100% left out-- the ties between the Republican Party and the breathtaking Belfort scandals. There was no Senator Alfonse D'Amato character in the movie taking bribes. And you would never guess that to try to get the FBI off his back in the early '90s, Belfort paid the RNC a cool $100,000 in one shot. The RNC gobbled up the swindled cash and used it to take over the House in 1994 and install Newt Gingrich.

I saw the film at a screening two weeks ago. I'm not telling Scorsese how to make a successful film but he sure could have done the country some good by sticking to the facts that showed, as graphically as the endless sex scenes, how Wall Street predators are incapable of moderating their behavior-- and how they pose unacceptable dangers for society.
"Anything goes" was the guiding ethos for Martin Scorsese and Leonardo DiCaprio in making their extravagant dark comedy of Wall Street excess, The Wolf of Wall Street.

"We would look at each other and ask, 'Are we going too far?"' says DiCaprio. Rarely was the answer "yes."

The two longtime collaborators pushed the based-on-a-true-story tale to the limits of outrageousness, decency and MPAA approval. With pinstripe suits instead of togas, it's their Satyricon, their Caligula: a nearly three-hour-long orgy of money, sex and drugs.

The partnership between the 71-year-old Scorsese and DiCaprio, 39, has now stretched over five films and more than a dozen years. They've together been able to carve out a space for the kind of daring Hollywood typically shuns. "Anything goes" is far from the mantra of today's movie business.

"I don't think people really quite understand how unique this movie is," says DiCaprio, while Scorsese, sitting next to him, nods. "No matter what they think of the movie, you do not see films like this happening."

...The Wolf of Wall Street, written by Terence Winter (Boardwalk Empire), is adapted from Jordan Belfort's memoir about his heady rise from a Long Island penny stock trader to a wealthy stock swindler presiding over the brokerage firm Stratton Oakmont.

Schooled by an early boss (Matthew McConaughey) on the "fairy dust" that is high finance, Belfort recklessly plunders his clients' pockets to make himself rich and to finance a parade of prostitutes, cocaine and Quaaludes. DiCaprio calls the movie "a biography of a scumbag."

"It has to be seen. It has to be experienced," says Scorsese. "If it raises the ire of some people, that might be a good thing because it makes you think about it."

Though DiCaprio has spent much of his post-Titanic career taking on iconic, somewhat stiff roles like J. Edgar Hoover, Jay Gatsby and Howard Hughes, his performance as Belfort is wildly uninhibited-- more like he was in Woody Allen's Celebrity. In scenes in front of hundreds of cheering extras playing sycophant employees, DiCaprio identified with Belfort's swelling ego. He felt, he says, "like a rock star."

"Jordan's character had been brewing in me for a while," says DiCaprio. "I had been thinking about this for six years, so I knew something was going to come out. Some beast was going to come out. I just didn't know what it was going to be."

"He was enjoying himself with the character," says Scorsese. "I didn't want to stand back and say, 'This is bad behaviour.' It's not for us to say, it's for us to present. And obviously it's bad behaviour."
It would have been even more reflective of "bad behavior" had Scorsese not whitewashed out the political corruption that is so inherent to Wall Street's financial corruption. Worse, I haven't seen a single review that even mentions D'Amat's and the RNC's bribe-taking from Belfort. Another lost opportunity. Today MTV's review played up "Sex, drugs, money, and corruption," but stuck to the script rather than the reality it was based on. Most of the reviews were insipid, commercial and entirely superficial. There's lots of fretting over the 3 hour length and no discussion of Belfort's political bribery. Not even the newspaper with the readership most interested in politics, the Washington Post bothers to point out what Scorsese decided to leave out of his narrative. Christopher Orr in his review for The Atlantic couldn't wait to "be clear from the outset: The Wolf of Wall Street is not a 'scathing indictment of capitalism run amok' or a 'cautionary fable for our time' or any of the comparable high-minded plaudits that are likely to be thrown its way." Except no other reviewers that I've seen went anywhere in that direction. Instead, every single one of them handled it exactly the way Orr did. I don't think I saw one review that didn't come straight from the film publicity department's p.r. material.

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Thursday, December 12, 2013

New DiCaprio Wall Street Movie Whitewashes Republican Corruption Out Of The Film

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My friend Michael took me to a press screening for the new Leonardo DiCaprio film, The Wolf of Wall Street last night. It was a really good movie-- so good in fact that when a song I published came on-- "Never Say Never" by RomeoVoid; thank you, Robbie Robertson-- that wasn't even the highlight of the film for me! The movie is based on the real life story of Wall Street fraud and depravity-- the Stratton Oakmont predatory brokerage firm and its founder and CEO, Jordan Belfort (DiCaprio). The Stratton Oakmont scandal had already inspired one film in 2000, Boiler Room starring Ben Affleck, Vin Diesel, Giovanni Ribisi and Nia Long, but The Wolf Of Wall Street is more literal-- and more likely to be a mainstream smash hit.

Belfort was a drug-addicted swindler in the '90s who got busted by the FBI and was sentenced to 3 years (and served less than two) in prison after he agreed to wear a wire and turn in his colleagues. He was supposed to pay back around $110 million to just over 1,500 clients he swindled-- which he hasn't done. The actual Belfort, now an author-- yes, he wrote The Wolf of Wall Street-- and a motivational speaker, actually appeared in the film, albeit briefly, introducing DiCaprio at a motivational workshop in New Zealand after he got out of the easiest prison sentence ever at a Club Fed.

Belfort started his crime spree in the heart of Steve Israel's district-- and was bribing (and not the legalistic kind of bribing) crooked Republican Senator Alfonse D'Amato. Aside from substantial contributions to D'Amato's election campaigns, Belfort gave a hefty $100,000 to the RNC (January 29, 1992) which the RNC has never given up-- even after Belfort was behind bars. They spent that $100,000 as part of the 1994 Republican Revolution that brought the Gingrich gang to power--including slimy characters like John Ensign (NV), Bob Ney (OH), Bob Barr (GA), Dave Weldon (FL), Joe Scarborough (FL), Brian Bilbray (CA), Enid Greene (UT), Charlie Bass (NH), J.D. Hayworth (AZ), Jerry Weller (IL), Sue Myrick (NC), Mark Sanford (SC), and Steve Stockman (TX), each of whom subsequently went on to his or her own repulsive scandal, although only one, Ney, actually served prison time so far.

The movie itself didn't address Belfort's politics or his relationship with crooked politicians like D'Amato or why exactly he gave the RNC $100,000 at a time when he was being investigated by the FBI for systematically swindling hundreds of clients out of millions of dollars. The movie, however, is a powerful statement about why characters like Belfort who absolutely dominate Wall Street and are completely typical of the kind of characters who are attracted to that environment and thrive there, need to be regulated-- and why corrupt conservatives (watch this video of bribe-taking New Jersey Congressman and Wall Street whore Scott Garrett fighting against regulation this week on Fox) oppose regulation.

This is as good a place as any to mention which half dozen Members of the House-- each of whom is notoriously corrupt and should be serving time in prison instead of in DC-- have taken the biggest legalistic bribes from the securities and investment industry so far this year:
• John Boehner (R-OH)- $441,355
• Eric Cantor (R-VA)- $346,950
• Tom Cotton (R-AR)- $162,350
• Scott Garrett (R-NJ)- $140,750
• Jim Himes (New Dem-CT)- $138,700
• Paul Ryan (R-WI)- $135,018

Why not John Boehner or Paul Ryan?

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