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Wednesday, March 31, 2010

Books, books, glorious books


I've ordered another two books from my favourite online bookstore, The Book Depository in the U.K. It offers FREE postage world-wide!

The moniker "Wolf of Wall Street" goes back to a movie by the same name made several months before the disastrous 1929 Stock Market crash. In it George Bancroft stars as ruthless stock manipulator Jim Bradford, who plays his customers for suckers and laughs all the way to the bank. Cornering the copper market at the expense of his hated rival David Tyler, Bradford taunts Tyler in public, prompting the latter to plan a sweet revenge. Tyler inaugurates an affair with Bradford's status-seeking wife Olga, which indiscretion is witnessed by the Bradford's maid Gert. Armed with plenty of "inside information", Gert decides to get on the Wall Street gravy train by talking her boyfriend Frank into investing in copper futures. Alas, things don't go as planned, and soon the impoverished Frank is embezzling from his boss to cover his losses. When Frank is thrown in jail, Gert confronts Bradford, blaming him for Frank's plight. Bradford laughs in her face, whereupon Gert angrily spills the beans about Olga and Tyler. Instead of buying a gun, Bradford handles his wife's infidelity in characteristic fashion by financially ruining Olga, Tyler, and himself. This last bit of stock manipulation has the salutary effect of making Gert and Frank millionaires, which pleases the inscrutable Bradford, who now has ample reason to laugh at himself.

Nothing much seems to have changed in eighty years!
Here's a YouTube clip of the latter-day "Wolf of Wall Steet":