Tuesday, February 28, 2012

Gordon Gekko Comes Back to Help the FBI With A Public Service Announcement to Help Fight Financial Crime On Wall Street

This is a little off topic but interesting that Michael Douglas, who played the role, twice, was asked to do a public service video but I guess it gets attention as he played a pretty ruthless character and I watched both movies myself just as like movies.  What’s interesting is when you read his comments below that people used to come up and congratulate him on being the bad guy, he doesn’t even get where that comes from as it was a movie.  BD 

“The movie was fiction, but the problem is real,” Douglas says in the announcement. “Our economy is increasingly dependent on the success and integrity of the financial markets. If a deal looks too good to be true, it probably is. For more information on how you can identify securities fraud, or to report insider trading, contact your local FBI.”

Douglas’s spot is the latest element of “Perfect Hedge,” an initiative begun by the FBI New York’s office to combat insider trading at hedge funds, said FBI Special Agents David Chaves and Richard Jacobs, supervisors in the bureau’s New York’s securities and commodities fraud squads

Douglas told agents that decades after the movie that won him an Oscar for best actor, he’s frequently stopped and greeted as a hero and not a Wall Street villain.

Douglas said he was “startled over the positive response he received as Gordon Gekko,” Chaves said. He quoted Douglas saying, “I don’t know what’s wrong with Wall Street but I would be approached all the time, people would ‘high-five’ me or shake my hand for being this terrible man who stole people’s money. Where are the values? The culture has to change.”

http://bottomline.msnbc.msn.com/_news/2012/02/27/10519206-gordon-gekko-changes-sides-works-for-fbi

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