Oliver back on Wall Street with bank crisis drama

Fri May 14, 2010 7:07am EDT
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By Mike Collett-White

CANNES, France (Reuters) - Rumors, insider deals and rampant speculation drive markets down and companies to bankruptcy in "Wall Street: Money Never Sleeps", which weaves fiction with the fact of the global financial crisis.

Oliver Stone returns to the scene of his 1987 hit "Wall Street", and Michael Douglas is back as ruthless corporate raider Gordon Gekko in a film where big banks have replaced the greedy individual as the bad guys.

Part morality tale, part revenge thriller and part analysis of where the financial markets and regulatory authorities went wrong, the movie has its world premiere at the Cannes film festival on Friday ahead of a theatrical release in September.

Timely and topical as concerns over the strength of the economic recovery grow, Stone said he, like others, was confused about whether he thought capitalism was a good or a bad thing.

"It seems that it's excessive and unregulated and I would love to see serious reform," Stone told reporters after a press screening. "There are tremendous issues worldwide, I mean it goes to Greece and England and Spain and Portugal.

"In 1987 I thought it was going to correct itself. I thought the system will correct, but it didn't, it got worse.

"There was a tremendous gap between who made money and who didn't make money ... Stockholders and CEO's made money but working people did not," he added. "There's a tremendous inequality and injustice in that and that has to be corrected."

Douglas, who won an Oscar for the original film, said the new movie's relevance to events was not necessarily a blessing.   Continued...

<p>Cast member Michael Douglas (R) attends a photocall for the film "Wall Street - Money never sleeps" by U.S. director Oliver Stone (L), during the 63rd Cannes Film Festival in Cannes, May 14, 2010. REUTERS/Jean-Paul Pelissier</p>