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  • Essay / Greed and power in Wall Street cinema - 830

    SYNOPSIS:1. The film begins with Gordon Gekko's release in 2001 after serving 8 years in prison for securities fraud and insider trading. Now, 7 years later, he is promoting the book he wrote, “Greed is Good.” The film also revolves around Jacob Moore, who is a sole trader and works for Louis Zabel at the company Keller Zabel Investments and dates Gordon Gekko's daughter Winnie. Its primary focus is a physician-led fusion research project. What happened then was that Keller Zabel’s stock lost more than 30% of its value. Louis then tries to obtain a bailout plan from the other Wall Street banks but is refused by Bretton James who is the head of a rival company, Churchill Schwartz. Louis Zabel then commits suicide by jumping in front of a train. Jacob then meets with Gordon Gekko and tells him that he is going to marry his daughter, then Gordon informs Jacob that Keller Zabel began to fall apart after someone started rumors that the company had toxic debt. Gekko then agrees to help Jacob get revenge on Bretton James who they believe started the rumors. What they do is spread rumors about the nationalization of an oil field, which results in a Bretton loss of $120 million. Jacob then begins working for Bretton and tries to get Chinese investors to invest in fusion research, which they do not do. Gekko then persuades Jacob to convince Winnie to agree to give up the $100 million she has in a Swiss account to fund the research, but in the end, Gordon Gekko steals the money. Gekko then creates a financial company with the money and Jacob gives Winnie an article to expose Bretton. The investors then leave Bretton and head to Gordon. Gordon Gekko then gives Winnie back his $100 million. UNETHICAL ACTIONS: 2. The...... middle of paper ......conciliation where an outside party would facilitate the discussion, then mediation where the outside party would give advice and finally would be arbitration where the outside party would take the final decision. There will certainly be compromises in this process. FINANCIAL CRISIS: 13. American banks lent too much money to people who couldn't repay, leading American banks to run out of money and close their doors. They lent money to people who wanted to buy a house but never had the money to pay back the banks. They did not have a system to verify a person's credibility.14. South Africa has stricter credit application rules, so if you want to get a loan to buy a house, you will need to fill out a form proving you have enough money to repay the bank. Additionally, the South African government does not have a significant stake in the banks.