Wall Street

Type :

Presentation

Pages :

3 pages

Format :

.doc

Published date :

06/03/2008

Category :

Arts & media

Sub category :

Film studies

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Summary :

Insider trading is illegal chiefly because it eliminates competition.
Because the stock market is still a part of the greater economy, it can be regulated and kept in check.
Case in point, if someone had a great amount of money and therefore power, that person could manipulate the economy and control things that would put others at a disadvantage.
Greed will not fix the problems of a more troubled country because people who are greedy care little about others and much about elevating their own status.
Greed would make people accumulate a good by taking it away from others.

Abstract

In "wall street," the one of the most valuable resources is information. It is also a scarce thing to come by because stockbrokers are reluctant to share what they know, it's difficult and sometimes illegal to acquire information about a firm, and there's a tacit understanding overall to keep circulating information about stocks between a handful of people. This knowledge refers to changes and developments of a company that would affect its stock value. While people who work for the company are aware of these changes, they are not allowed to share such nonpublic information with those who would misappropriate private information, trade on it, or pass it on. In the movie, information regarding a company is allocated in two ways. First, there are the brokers who work for their money by keeping up with news and acting quickly when it comes to buying and selling stock. They rely on their own knowledge of how the economy works and when it's best to invest or otherwise. They win some and lose some. They make an honest profit and over the years, it accumulates to a point where they become wealthy. Then, there are other people in the business who look for shortcuts because they're desperate to get to the top.