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A
small thriller, written large...
"TRADING
SECRETS" (U.S., U.K.)
"WALL STREET" (FR.)
This is the
true story of how 30-something Foster Winans, in the heady days of the
early 1980s a well-regarded columnist for The Wall Street Journal, allowed
himself to be seduced by a modern-day Svengali in the form of a young,
charismatic stockbroker whose blue-blood lifestyle masked a bold impostor
and two-handed larceny. A similar storyline is the backbone a year later
in Oliver Stone's original film "Wall Street," starring Michael
Douglas as an Ivan Boesky stand-in ("greed is good") and Martin
Sheen as Bud Fox, the young, ambitious sycophant who'll do just about
anything to be accepted.
The broker
in Winans' case, Peter Brant, was no Ivan Boesky, but he proved to be
the character that makes this story vibrate with authenticity: an attractive,
mysterious, driven young man who, like Jay Gatsby of Fitzgerald's seminal
novel, drifted cooly out of nowhere and bought a palace on Long Island
Sound.
All was not
as it seemed.
The unraveling,
as told in "Trading Secrets," attracted author Gore Vidal who
offered to pen the screenplay. But Stone got there first with a complex,
era-defining drama that has gathered a large cult following in the fifteen
years since it was first releasedjust months after the huge stock
market crash of October, 1987.
Winans and
Brant were indicted in 1984. Winans admitted his role but fought his case
on legal grounds all the way to the U.S. Supreme Court with the backing
of First Amendment and Wall Street interest groups.
Brant, facing
additional, unrelated charges that he stole millions from client accounts,
pleaded guilty and served eight months, on weekends.
Winans lost
his final appeal in a rare Supreme Court deadlock in November 1987. He
served nine months (no days off) in federal minimum security prisons including
seven months at Danbury, CT, where he wrote letters and petitions for
inmates. Since 1988, Danbury has been one of only two minimum-security
federal prisons for women. Danbury has hosted luminaries as diverse as
New York hotel queen and tax cheat Leona Helmsley and cult leader/businessman
Rev. Sun Myung Moon.
Who will
be next?
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