The Wolf of Wall Street

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“He was making millions of dollars, and thought it was because he was smart.”
-The Inside Job

Let us leave the real world for a moment and move on to a raucous, debauched, coke infested tale about Wall Street. Forget about the countless lives that Jordan Belfort (Leo) and the street itself have ruined since its inception—sit back, relax and be entertained. Martin Scorsese is not interested in the facts of Belfort’s life, the same way he was not concerned with the exact details of Henry Hill’s exploits in “Goodfellas”—actual events are merely a back-story for allegory.

The flashing lights and why we love them, the rush of money and the treasures they binge. The anti-capitalists holding up signs near the stock exchange, if these things were at their doorstep could they or anyone deny them? We ask ourselves this numerous times throughout the film “The Wolf of Wall Street.” But at what point do you take your earnings and walk away, according to Belfort never. We find ourselves rooting for him as Belfort rips off investors, making a disgusting amount of money in the process. DiCaprio plays Belfort like a running back during the Super Bowl; full of energy and a fire so scorching he is ready to burst at any moment.

When the film begins Belfort doesn’t start out a money sucking leach, but as a young stockbroker with big dreams. After the crash of ’87 Belfort considers being a stock boy (the department store kind), it’s fine “you can work your way up to management.” We all have been there; his story is palpable at this point—taking a job, any job in order to support his new family (a young wife who does hair). But there is another ad in the paper that day, one for a stockbroker in Long Island, selling penny stocks to low level investors. Belfort is good at this; he can turn a pile of manure into Scrooge’s money pit. So good he decides to build his own company under the premise of selling dodgy stocks to unsophisticated investors.

Unlike the film “Boiler Room” (2000), the less raunchy version of Belfort’s doomed brokerage firm Stratton Oakmont, “Wolf” does not spend much time contemplating the moral complexities of securities fraud and money laundering. Like the money and cocaine consumed throughout, this film is impulsive and reckless. It is satire, which means the audience asks most of the questions, or at least they should. “Wolf” does indeed glorify Wall Street, to the degree a video game glorifies killing, this can’t really be avoided if one wants to tell Belfort’s story in an entertaining and shameful way.

The film does not end with consequences, only strange twists of fate. This is also true of recent financial activities, CEO’s were questioned and justice was staged. You will be entertained, but chances are, depending upon your moral compass for ridiculously lewd behavior—whores, dwarfs, and a lion oh my—you will be turned off. Movies are personalities, and “Wolf” has a distinct one, where you either get high or overdose. I would not have minded another hour (the film was three in total) of debauchery, DiCaprio’s energy is intoxicating, and I wanted to keep following him down the golden brick road of excess.

Unfortunately, nothing is really illuminated in the film. Pulling back the curtain to real life for a moment Jordan Belfort victimized thousands of people, but thanks to celluloid he has been painted as a conqueror. Belfort only ended up serving four years in prison after being indicted on securities fraud and money laundering before becoming a MOTIVATIONAL SPEAKER. Despite his plunging income due to two books and movie rights deals, Belfort remains in default on restitution payments to victims of his fraud.

According to an LA Weekly article, written by the daughter of Tom Prousalis, one of Belfort’s cronies, her father stole her identity among other things:

So here’s the deal. You people are dangerous. Your film is a reckless attempt at continuing to pretend that these sorts of schemes are entertaining, even as the country is reeling from yet another round of Wall Street scandals. We want to get lost in what? These phony financiers’ fun sexcapades and coke binges? Come on, we know the truth. This kind of behavior brought America to its knees.
See entire article.

Moral compass aside Dicaprio’s performance, the writing and editing are all astonishing. Going from “American Hustle,” a Scorsese rip off, to the real thing was real a treat!

2 thoughts on “The Wolf of Wall Street

  1. I agree very much with your review of Wolf. I was home two hours after viewing it when I became sure I liked it. Some very, very funny scenes particularly with ludes. Leo carries it all and me along too as I would have bought the shit he was selling. Three hours well spent.

    • Yes I loved it! Then came the research and discovering the real Jordan, not so charming. I had a dilemma with that. But Leo as always was fantastic, he should have received an AA when he was 18 in Gilbert Grape, but hopefully now they can give it to him at 39! Also interesting that I find Henry Hill endearing, hmmm.

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