By Dennis Hartley

(Originally posted on Digby’s Hullabaloo on January 4, 2014)

Do funny things to some people: DiCaprio in The Wolf of Wall Street

A few weeks back, in my review of David O. Russell’s American Hustle, I wrote that the film was “…best described as New Yorkers screaming at each other for an interminable 2 hours and 19 minutes”. I went on to lament that it was “…kinda like GoodFellas, except not as stylish.” OK, so it’s time for full disclosure.

On one level, The Wolf of Wall Street, Martin Scorsese’s very similarly-themed film, could be described as “New Yorkers screaming at each other for three hours” (and I suppose that technically, most Scorsese films fit that bill). One could also say that it is “…kinda like GoodFellas“. However in this case, it is as stylish…because (as they say) there ain’t nuthin’ like the real thing, baby.

The American hustle takes many forms. For example, your everyday “con artists” can’t hold a candle to the institutional grifters of Wall Street. And when it comes to the American Oligarchy, nothing exceeds like excess.

That axiom seems to propel Scorsese’s deliriously vulgar, spun-out tweaker of a biopic, based on the 2007 memoir by Jordan Belfort, a successful “penny” stockbroker whose career crashed in 1998, when he was indicted for securities fraud and money laundering. Belfort wasn’t shy about reveling in his wealth; and Scorsese is not shy about reveling in Belfort’s revels.

Breaking the fourth wall and addressing the camera a la Ray Liotta’s protagonist in GoodFellas, Belfort (Leonardo DiCaprio) narrates his own rise and fall with that air of smug, coked-out alacrity that has become de rigueur for such self-styled Masters of the Universe.

We see the wide-eyed neophyte at his first brokerage gig, where he receives the first of several variations on the classic “second prize is a set of steak knives” monologue from Glengarry Glen Ross that screenwriter Terence Winter sprinkles throughout The Wolf of Wall Street, delivered by his boss (Matthew McConaughey). He imparts a dictum that comes to define Jordan’s career: “Fuck the client.” He also ascribes his financial acumen to a daily regimen of masturbation and cocaine consumption (hmm…a few possible root causes for the Global Financial Crisis are suddenly coming into focus, eh?).

Belfort takes to both the work and the lifestyle like a fish to water, soon becoming a top earner. However, when a recession hits (1988, I’m guessing?) he finds himself unceremoniously out of a gig. After scraping by for a spell, he lands a job at a low-rent Long Island brokerage that specializes in “penny stocks”. His effortless mastery of the “boiler room” bait-and-switch playbook gives him the inspiration to start his own brokerage.

With a stalwart (if initially ungainly-seeming) right-hand man named Donnie Azoff (Jonah Hill) by his side, Belfort leases a vacant warehouse, persuades some of his pot dealer pals and boiler room co-workers to come aboard, bestows the business with a prestigious-sounding moniker (“Stratton Oakmont”), and he’s off to the proverbial races.

The 1990’s turn out to be belly belly good to Stratton Oakmont, which starts raking in money by the truckload, in fact so much that Belfort starts running out of ways to spend it and places to put it (hello, Switzerland!). I mean, you can only buy so many cars, mansions and yachts, snort so much coke, drop so many ‘ludes, and hire so many hookers (or little people, to be tossed at Velcro targets) before you have to really start getting creative. But…but…what about the victims of the financial scams Belfort and co. cooked up in order to make all that filthy lucre, you might ask? Well, fuck them!

This is the most polarizing aspect of the film; and indeed Scorsese has been catching considerable flak from some quarters for seemingly glorifying the bad, bad behavior of the perpetrators, and barely acknowledging the countless number of people who were fleeced by these scam artists.

To my perception, however, that is precisely the point of the film-to demonstrate how inherently corrupt the culture of Wall Street is. It is a culture that rewards the Jordan Belforts and Michael Milkens of the world for their arrogance and enables them to thrive. Oh sure, eventually they “get caught” and “pay” for their crimes, but more often than not it amounts to a slap on the wrist (Belfort and Milken both served a whopping 22 months in jail), after which they happily reinvent themselves; in this case Belfort as a motivational speaker, Milken as a philanthropist. It’s the American Way!

This is one of Scorsese’s most engaging films in years, and a return to form; even if its overdose of style borders on self-parody (Swooping crane shots! Talking directly to the camera! Hip music cues! Marty does Marty!).

I probably should warn anyone who is offended by excessive use of profanity…there is excessive use of profanity (according to Variety, the film has set the all-time record for what they timidly refer to as “the f-bomb”…506 utterances (Fuck! I feel sorry for the poor fucker who had to sit through all three hours pushing a fucking clicker every time someone said “fuck”. I hope he gets fucking Workman’s Comp for the fucking carpal tunnel. Fuck!).

DiCaprio and Hill pull out all the stops in their over-the-top performances; but then again they are playing over-the-top characters, so it is apropos. Other standouts among the sizable cast include Rob Reiner (as Belfort’s father) and the always delightful Joanna Lumley and Jean Dujardin (adding continental class as Belfort’s British aunt and Swiss banker, respectively). As your movie broker, I advise you to buy a share (or ticket) immediately.