The Wolf Of Wall Street : An Animal Inside

In a speech by Mary Elizabeth Lease, “Wall Street Owns The Country”, she mentioned that this nation is a nation of inconsistencies. The main things she wanted to state was the nation’s economics and political woes because of the government was ruled based on the monetary value by wall street that cause people to suffer. Furthermore, she said that the welfare of the people was no longer considered by the government as a priority but money was. Most of the actions made by the government did not benefit people anymore. The government asked people to go to work and raise a big crop. So the people did as the government said, but the crops were still not enough because the people were “overpopulated”, according to the government. Therefore, people

Jordan Belfort is the notorious 1990’s stockbroker who saw himself earning fifty million dollars a year operating a penny stock boiler room from his Stratton Oakmont, Inc. brokerage firm. Corrupted by drugs, money, and sex he went from being an innocent twenty – two year old on the fringe of a new life to manipulating the system in his infamous “pump and dump” scheme. As a stock swindler, he would motivate his young brokers through insane presentations to rile them up as they defrauded investors with duplicitous stock sales. Toward the end of this debauchery tale he was convicted for securities fraud and money laundering for which he was sentenced to twenty – two months in prison as well as recompensing two – hundred million in

The movie takes place in the early 1990’s, when Jordan Belfort partners with Donny Azoff to start his brokerage firm, Stratford-Oakmont. After the introduction given by Jordan, we follow his life from the time that he is 22 years old when he had just started on wall street, all the way to the time of his arrest. Throughout the movie, you can see Jordan’s narcissistic personality aid him in his rise to the top and eventually lead to his fall.

“Great ambition is the passion of a great character. Those endowed with it may perform very good or very bad acts. All depends on the principals which direct them.” This is a quote by Napoleon Bonaparte; which relates to the action of Duddy Kravitz and Jordan Belfort. Duddy Kravitz is the main character of the novel “The Apprenticeship of Duddy Kravitz” and Jordan Belfort is the main character of the movie “The Wolf of Wall Street” which was a directed by Martin Scorsese, based off of the self-written memoir by Jordan Belfort.

shall be fined under this title, or imprisoned not more than 25 years, or both.

The Glass Steagall Act was passed on 1933, which is also known as The Banking Act to tighten regulation on the way banks did their business. This act was written as an emergency measure when about 5,000 banks failed during the Great Depression. Banks mostly failed because of the way they would invest with money. The act prohibits banks from investing money on investments that turn out to be risky. Banks could no longer sell securities or bonds. The act also created Federal Deposit Insurance Corporation (FDIC) to protect the deposits of individuals, which is still used to this date. The FDIC in this era insures your deposits in your bank up to $250,000. This gave the public confidence again to deposit their money in the bank. In 1933

The Wolf on Wall Street is a movie based on the true story of Jordan Belfort. The beginning of the movie Jordan narrates his middle class up bring and his current lavish lifestyle. He confesses his extreme drug use and his favorite drug, money. The movie goes on to a flashback of the beginning of his career at a mediocre stock firm. As the film progress, the views get and inside look into Jordan’s rather regular early life. Jordan was hooked instantly. Our main character goes on to starting his on firm with a few of his friends. Jordan fell into a life of corruption, greed, and crime. This movie shows the stratification of social classes with in the live of the main character.

As revealed in the story, the narrator is “a rather elderly man.” (21) He described himself as “one of those unambitious lawyers who never address a jury, or in a snug retreat, do a snug business among rich men’s bonds, and mortgages, and title deeds.” (22) The narrator’s “unambitious” characteristic can be seen throughout the essay. According to the public images, lawyers who work on Wall Street are surrounded by the most talented persons in the profession.

The problem to be investigated is the application of business ethics. In the business world, ethics are extremely important. Ethics are prime elements that help a business to grow and to become more productive. It is by applying proper business ethics that a business can operate in a moral or ethical business environment and managed to conduct all activities in a manner that maximizes profits while not compromising all other non-economic concerns(Schwab, 1996). Businesses have over the years failed to nurture business ethics in order to fulfill shareholders' interests and to have a culture that is oriented towards profit maximization and high performance(Jennings, 2012; Sims & Felton, 2006). This has led business to have gray areas in their activities. Gray areas are those situations or problems that do not fit exactly into any ethical analysis. These are the activities which may be represented to be immoral as a result of lying and false representations on the part of the business.

People who work on Wall Street are considering elites of the society, their works relate to finance and deal with the world economy. Many students desire for working on Wall Street; however, this dream is hard to accomplish because this job is for people who are considered “smart”. In Biographies of Hegemony, the author Karen Ho brings up the idea of smartness, which addresses to people not only have individual intelligence, but also have the quality of being an expert and has self-confidence, aggressive, and hard-working. Basically, in the article, Ho talks about students graduate from Harvard or Princeton and now they are working on Wall Street. Ho believes smartness is a form of impressiveness because smartness is not just about intelligence, but also a way to separate away from normal people. However, in Project Classroom Makeover, the author Cathy Davidson pays more attention to students who may not be the expertise, but they will use collective learning to share different opinions. Collective learning brings out the idea of crowdsourcing. Crowdsourcing is a group of people share ideas and solve problems, which is one way of collective learning. The theory of smartness shares commons and differences with collective learning. For common, both smartness and collective learning require students to work together and have the confidence to conquer the difficulties, which lead students to the future success. For differences, smartness is associated with students who have an

In the wake of the recent financial crisis, many commentators attempted to analyze the roots of the conflict from a political or economic perspective. Anthropologist Karen Ho, a veteran of Wall Street as well as an academic, attempted to understand the reason that Wall Street behaves the way it does in her 2009 anthropological study of American finance entitled Liquidated: An ethnography of Wall Street from a cultural perspective. The central paradox with which Ho begins her book is: " the economy experienced not only record corporate profits and the longest rising stock market ever, but also record downsizings," further concentrating the wealth in America (Ho 2009: 1-2). But how can corporations grow richer as the American public as a whole grows poorer? Corporations no longer view themselves as responsible for taking care of their employees, creating good products, or serving their original mission. Instead, the focus is on generating shareholder wealth (Ho 2009:3). Shareholders, not the larger public, have become the symbolic and real focus of firm strategy. The shareholder "symbolized and 'stood in' for the whole of the corporation and became the sole locus of concern and analysis" during the time Ho conducted her study in the late 1990s and continues to this day (Ho 2009:175)

Paper One: The Wolf of Wall Street More is never enough in the film The Wolf of Wall Street, where greed is good and money is an addictive drug. Although Jordan Belfort plays the protagonist of the film he commits three major deadly sins; gluttony, greed and lust. Like all characters he starts out innocent and young, but by the end of his story he is consumed by insatiable greed. His riches convert him into an addictive person; addicted to sex, drugs and power. The massive intake of these substances leads to colossal destruction of his life.

In this film it focuses on the life and career of Jordan Belfort, a stockbroker and entrepreneur who founded the brokerage company Stratton Oakmont in 1989 and continued operations until 1996. Stratton Oakmont’s operations ceased as a result of an investigation sparked by the National Association of Securities Dealers and the United States Securities and Exchange Commission (SEC). The company had been operating pump and dump schemes with the market, which worked by artificially raising the price of certain stocks by giving false and misleading positive statements about the stock, and then dumping the stock for a large profit which in turn makes the price of the stock fall and investors in the exchange lose money in the deal. Along with the pump and dump scheme, they would also maintain stock prices by refusing to process and accept orders from investors to sell stock, so the price of certain stocks would not go down. The charges brought against the company and their top executives, Belfort and the chairman and president Danny Porush, were for securities fraud and money laundering. These individuals pleaded guilty to ten counts of securities fraud and money laundering, and in the process of the trial, also revealed that they had operated a scheme that manipulated the stock of around 34 companies over the course of a seven-year period. In return for cooperation in their plea deal, they received less prison time, and cooperated in further investigations with other brokerage

It is based on the memoirs of crooked broker Jordan Belfort who during the 1980s and 90s enjoyed unlimited amounts of sports cars, drugs and prostitutes, paid for by millions of dupes and dopes buying his fraudulently inflated stocks. Finally, like Henry Hill before him, Belfort has to swallow hard and confront the possibility of betraying his partners to minimize the inevitable jail term.

Jordan Belfort is the notorious 1990’s stockbroker who saw himself earning fifty million dollars a year operating a penny stock boiler room from his Stratton Oakmont, Inc. brokerage firm. Corrupted by drugs, money, and sex he went from being an innocent twenty – two year old on the fringe of a new life to manipulating the system in his infamous “pump and dump” scheme. As a stock swindler, he would motivate his young brokers through insane presentations to rile them up as they defrauded investors with duplicitous stock sales. Toward the end of this debauchery tale he was convicted for securities fraud and money laundering for which he was sentenced to twenty – two months in prison as well as recompensing two – hundred million in restitution to any swindled stock buyers of his brokerage firm (A&E Networks Television). Though his lavish spending and berserk party lifestyle was consumed by excessive greed, he displayed both positive and negative aspects of business communications.