Today my blog is going to be about insider trading. A great example of insider trading is the movie Wall Street. Wall Street was released in 1987. The movie stars Charlie Sheen as Bud Fox, Michael Douglas as Gordon Gekko. Martin Sheen plays Bud's father Carl, and Martin is the father of Charlie Sheen in real life. Bud works as a stockbroker; he wants to "bag the elephant" (get a big client). Bud wants to bag Gordon Gekko. He meets Gordon on his birthday and gives him ideas he has. Gordon does not like them, and Bud gets desperate. Bud gives Gordon insider information from a lunch Bud had with his dad. Insider Information is highly illegal, this is because the information is not brought publically. The Information allows for stockholders to make more money without the risk. The movie illustrates how the trading is illegal when Bud is arrested at the end of the movie. The most memorable part of the movie is when Gekko says "Greed is good." This line shows how some corporate leaders out their do not care as long as they are making money. Greed in this case is not good; greed ruined the career of a broker. Greed sent Gekko to jail, and greed nearly cost Carl his job.
Links
http://www.imdb.com/title/tt0094291/quotes
http://www.youtube.com/results?search_query=greed+is+good&search_type=&aq=f
http://www.sec.gov/answers/insider.htm
Please rent Wall Street at your local video rental establishments
Subscribe to:
Post Comments (Atom)
Oh my wow. Now I know why you're in AP Econ! I think it's so very cool that you like economics. It's a cool thing to be informed about now. The movie wall street sounds awesome. I will pick it up for sure! :)
ReplyDeleteHave you looked at Clark Howard's website or Suze Orman's? Both have loads of good information on financial issues happening today.
ReplyDeleteclarkhoward.com
suzeorman.com
Love the links! You don't need to "cite" them at the end b/c a blogger's way of citing is by linking it to the source. That's enough. Effective use of parallel structure in the last few lines.
ReplyDelete