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Posted on 1/27/14 at 8:30 pm to Tiger n Miami AU83
quote:
My guess is the dude has a frickload still stashed away.
I guess that's not out of the question, but I think y'all are way over estimating the amount of assets he had, or his net worth, when he got popped. He sunk his yacht, so there goes that. In the book, just before he got arrested, he had pretty much withdrawn from all of his business interests (either that or they closed their doors), the only other home he "owned" was a beach house in the Hamptons - he actually rented a majority of the mansions he frequented for vacations, his Swiss accounts were claimed by the Aunts children in a scheme he came up with after she died, and he had just gotten out of rehab and was laying pretty low. He had a lot of cash and liquid assets that I believe he cashed in on once his major partnerships closed down (and he would have had a lot of money from Steve Madden but he got pissed/paranoid and exposed Steve's scheme). Also, he was ordered to pay something like $110 million, and that was then...adjust for inflation and I'm sure it's more. He's never going to pay that back in full, it's a pretty insane amount...and he does have to afford to live as well.
ETA: if I had to guess, the second book goes into more detail of his finances and impending lawsuits/court order/restitution...just need to get around to reading it.
This post was edited on 1/27/14 at 8:33 pm
Posted on 1/27/14 at 11:04 pm to DeltaDoc
quote:
Read some of Matt Taibi's reporting on the Subprime market collapse (regardless of your political beliefs). What Belfort did was not altogether different than what Goldman Sachs did leading to the crash. Not only did the Goldman guys escape prison, they got bailed out by the US government to the tune of billions of dollars.
I watched an interview w/ Scorsese about the film and the interviewer asked if he thought anything had changed on Wall Street since the 80's. He said yeah, then Belfort at least went to jail for a while, now we just pay them.
Posted on 1/27/14 at 11:12 pm to ELAurens
quote:
elfort at least went to jail for a while, now we just pay them.
The fact that there weren't mass jailings, or even firings, from the 2008 collapse is a sad, sad reflection on our government and justice system.
Posted on 1/28/14 at 12:09 am to L S Usetheforce
quote:that being an addict and a dick makes for a good story.
What was I suppose to learn from Belfort?
Posted on 1/28/14 at 8:37 am to L S Usetheforce
some scorsese quotes from an interview:
LINK
LINK
quote:
DEADLINE: What do you say?
SCORSESE: In Goodfellas, people either get killed, or they go to jail. The ones who get out clearly haven’t learned much, and complain because they can’t get good spaghetti sauce. Well, too bad. But here, the character goes to jail, but that doesn’t really mean much. He gets out and he starts all over. I don’t know about the real Belfort, I’m talking about the character. The main factor to be considered here is the mind-set and the culture which allows this kind of behavior not only to be allowed, but encouraged. And what they do is never shown. As a naïve young person I thought that in white collar jobs, people behaved a certain way, respectably. I’m sure there are people who do. But, I’m 71. And in the past 30 years or so, I’ve seen the change in the country, what values were and where they’ve gone. The values now are only quite honestly about what makes money. To present characters like this on the screen, have them reach some emotional crisis, and to see them punished for what they’ve done, all it does is make us feel better. And we’re the victims, the people watching onscreen. So to do something that has an obvious moral message, where two characters sit in the film and hash it out, or where you have titles at the end of the film explaining the justice, the audience expects that. They’ve been inured to it.
SCORSESE: I didn’t want them to be able to think problem solved, and forget about it. I wanted them to feel like they’d been slapped into recognizing that this behavior has been encouraged in this country, and that it affects business and the world, and everything down to our children and how they’re going to live, and their values in the future. It’s almost becoming like, these days in Hollywood, people misbehave, they have problems in their lives, drugs, alcohol, they go to rehab and come out again. And that means it’s okay, it’s an expected ritual you go through. You make a film about slavery, it’s important for young people to understand and see it vibrantly presented on the screen. And when you make a film that just points up and decries the terrible goings on in the financial world and the financial philosophy and the financial religion of America, we do that a certain way and it makes us feel okay, that we’ve done our duty, we’ve seen the film, given it some awards and it goes away and we put it out of our minds. By the way, Jordan and a bunch of guys went to jail, and even though they served sentences in very nice jails, the reality is jail isn’t nice and a light sentence is still a sentence. The lingering reality is, if you look at the last disaster this world created, who went to jail?
Posted on 1/28/14 at 8:48 am to L S Usetheforce
That if you want someone to play a douchebag you should always hire Leonardo dicraprio.
Posted on 1/28/14 at 1:44 pm to L S Usetheforce
quote:
What was the lesson?
Check the expiration date if you find some lemons
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