Hollywood’s Moral Hazard

Watched “Wall St – Money Gives Me the Creeps” or something like that tonight. Enjoyable movie in its own way but for a movie which kept sermonising about “moral hazard” it had a bizarre ending. The lead characters of Gekko, his daughter and future son-in-law participate in at least one fraud (plain old money laundering being the most minor) but everybody walks away with a smile on their face. A true Hollywood tale of redemption. I guess definitions of “morality” and “irony” aren’t included in prints of dictionaries in LA 🙂