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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which opens this weekend, doesn’t have that same sense of space, but even worse than its lack of local relevance is its out-of-date plot, which has John Travolta causing panic on Wall Street in order to make hundreds of millions in a stock scheme.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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10 Movies to Watch When Feeling a Financial Crunch

Christopher Campbell
By Christopher Campbell posted 1 year ago
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I’m probably the least financial-minded person there is, and I’ve never owned a stock, bond or whatever else people invest in. But I am an expert on being broke, being poor, being frugal and, most importantly, putting things into perspective. What I mean is, whenever I feel like things just can’t get any worse for me money-wise, I think of the people who are or were actually worse off than I am. And by people, I mostly mean characters from the movies.

So, as you may be worrying about your finances after Black Monday, consider dropping by the video store on your way home from the office (or job interview) today. Invest a few bucks into your own sanity and happiness by renting one of the following movies. Don’t worry, I’ve tried to make the selections rather common and accessible. If you’re like any of the financial guys and girls I know, you’re not likely the sort to go for obscure or difficult cinema. And if you are of the sort, then you probably don’t need this list anyway.

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