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Greed isn’t good, Mr Gekko, not during a meltdown

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  • Last Tuesday afternoon, a black Cadillac Escalade arrived at the Federal Reserve Bank of New York in Lower Manhattan, built in the 1920s to resemble the Renaissance-era palaces of Florence, Italy. From a rear seat stepped a man in a cashmere sweater and dark slacks. “This is where the money is,” he said, borrowing the words of Willie Sutton, the Depression-era bank robber. “There is more gold here than anywhere in the world.” Look out, Wall Street: Oliver Stone is back.

    This is familiar terrain for Stone: his father was a broker, and his 1987 film, Wall Street, became emblematic of an era of excess the filmmaker thought was fading, but in fact was only beginning. Now he is here to make a sequel, to capture greed on celluloid all over again, set against the backdrop of the financial collapse that began with the fall of Bear Stearns. In a meandering walk through the crooked streets of Manhattan’s financial district — it was a week before shooting of the sequel, titled Wall Street 2, was scheduled to begin — Stone said he never expected high finance to serve again as a tableau for his storytelling. “I thought it was a bubble that was over,” Stone said of the 1980s. “I thought those days were going to come to an end. The excess.”

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    Despite his own years of hard living Stone looked refreshed . His original film was a morality tale about greed and unvarnished ambition, and Stone’s own views on the excesses of capitalism were obvious. But the film and its famous lines — “Greed is good,” “Money never sleeps” — have had a cultural endurance that he never expected, and perhaps never desired.

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