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10 Stock Market Scams from the Movies

10 Stock Market Scams from the Movies

Christopher Campbell
By Christopher Campbell posted 5 months ago
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The original film of The Taking of Pelham One Two Three was quite representative of New York City in the mid-1970s. Tony Scott’s remake, which opens this weekend, doesn’t have that same sense of space, but even worse than its lack of local relevance is its out-of-date plot, which has John Travolta causing panic on Wall Street in order to make hundreds of millions in a stock scheme. Never mind that the economy is currently in such a state that the terrorist’s plan may be fruitless. Even before the recession this should have seemed antiquated. As David Edelstein writes in New York magazine, “Why would he need to do something so…so…1974 as hijacking a subway train to do what a lot of hedge-fund managers do before breakfast?”

The plot is also tremendously unoriginal, enough to assume Travolta’s character is a huge James Bond fan. But someone familiar with 007 villains, or any other would-be economic terrorists, would have to realize his own scheme would fail. To illustrate why it’s useless to attempt this kind of thing, we present you with ten classic films involving stock market scams, most of which are unsuccessful.
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Will Smith Has Worst Opening in Seven Years. Trade Roughage 12/22/08

Christopher Campbell
By Christopher Campbell posted 11 months ago
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  • Bad weather is being blamed for weak box office results this weekend from new wide releases Yes Man, Seven Pounds and The Tale of Despereaux, all of which performed worse than expected. Because there’s no other reason why moviegoers would just choose to avoid seeing lame-looking movies from Jim Carrey, Will Smith and Universal’s animation department. It is actually sad for Smith, who hasn’t seen an opening this bad since 2001’s Ali. And Seven Pounds marks only his third film to debut with less than $20 million since his blockbuster breakthrough in Independence Day.
  • Apparently snow couldn’t stop The Wrestler from achieving a screen average of more than $52,000 over the weekend. But isn’t that just because people in NYC don’t have to drive to the movies? Fox Searchlight’s other film, Slumdog Millionaire, finally broke the Top 10 after expanding to 589 screens. And although Searchlight’s stellar buzz team claims the Oscar-contender was “selling out everywhere,” its own average was actually embarrassingly below that of Seven Pounds.
  • We’re going to need a modern day Edward Arnold if Bernard Madoff-types are going to be the hot villain for ‘09.
  • You know your comic book publisher didn’t get the best production deal when it announces that its first adaptation stars Kevin Sorbo. Meanwhile, you know you’re experienceing a slow news day when that’s one of four stories worth bulletpointing.