Quote of the day: Michael Douglas as Gordon Gekko

By Edward Harrison On Oct 11, 2008

Ben Bernanke and Alan Greenspan have been the worst monetary stewards in U.S. Federal Reserve history. A former Fed Chairman William McChesney Martin Jr. once said it was the Fed’s job “to take away the punch bowl just as the party gets going.” Alan Greenspan and Ben Bernanke, with their easy money polices, failed to do so. Their role is one of oversight, not befriending Wall Street.

Therefore, I must quote from Michael Douglas in the classic 80s movie “Wall Street“:

If you need a friend, get a dog.
–Gordon Gekko

Something for Chairman Bernanke to think about. Oh, and check out the mobile phone Michael Douglas is using in the movie — doesn’t exactly fit in the pocket, eh? I love the 80s.

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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3 Comments

Anonymous says 16 years ago

I love the movie. Great entertainment and it is inspirational to young greedy wallstreet pigs(or not).

Supposedly there is a sequel coming up. The last few months should give enough fodder for movie.
Wag the Dog says 16 years ago

Supposedly there is a sequel coming up. The last few months should give enough fodder for movie.

And a lot of cheap commercial office space. They might even be able to shoot on location.
Edward Harrison says 16 years ago

I look forward to the sequel. It will probably have some social commentary on the period of finance we just left behind.

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