Professor Elam

Tuesday April 20 2010

You may have heard that Wall St II Money Never Sleeps is now in delayed release until Sept 24. 

Perhaps the plot of Wall St II was not deemed audacious enough to keep the attention of the audience, given what is playing out in real life with Goldman, consider, let's create this plot for a fictional Wall St Firm….

firm has advisers to every president

firm lies to clients and bets against them

firm gives a million dollars  in political donations to president to be

firm's shenanigans cause near financial ruin

firm runs to white house and demands to be rescued

firm is rescued and showered with money not to mention FDIC insurance

firm uses money to run market up, record bonuses from trading with OPM other peoples' money, having obtained the money on the theory that otherwise the firm would go broke

then president in a fit of theatrical consternation, is stunned to learn that there is 'gambling in this place', ( a famous line from the movie Casablanca for our younger readers)  having pocketed the political donations already, wink, nod to Blankenfein

president files a lawsuit, big annoucement on tv

even the president's own SEC is dubious, 3-2 vote to file suit

firm denies wrongdoing

market rallies

I mean satirizing reality is getting tougher and tougher…who would believe fiction like this?