Scorsese fans rejoice, Marty's directing DiCaprio in 'The Wolf of Wall Street'

By Sarah Sluis

The spectacular crash of Wall Street's investment banks and the ensuing recession had the drama of a movie plot--but for real. As the banks were bailed out, Hollywood started mining the topic. Wall Street 2 released last year, the Oscar-nominated documentary Inside Job investigated what went wrong, and the Sundance feature Margin Call, which was picked up by Lionsgate, gave a look at a bank in crisis over 24 hours.

Now Martin Scorsese's next project, shooting as early as this summer, appears to be The Wolf of Wall Street. It's not merely an opportunistic decision--the movie was on track to shoot in 2007, but was sidelined after the success of The Departed. Leonardo DiCaprio, who was originally attached to the project, will star. The movie centers on Jordan Belfort, a Wall Streeter who scammed investors during the late 1980s with pump-and-dump and penny stock schemes. He later became a motivational speaker--an epilogue I doubt (but hope) will be included.

What makes this a typical Scorsese project?

One, a flawed hero. No one does this better than Scorsese--from his numerous depictions of mobsters, gangsters, and heads of organized crime, to his vigilante taxi drivers and abusive boxers, Scorsese has a knack for showing people committing pretty vile acts that are still somehow understandable or even likeable to the audience.

Two, excess.

The Reed Business review of the book states that the "main topic is the vast amount of sex, drugs and risky physical behavior Belfort managed to survive." Perfect. In addition to their criminal acts, Scorsese heroes favor nightclubs, drinking/drugs, and having a good time. There's also an element of After Hours in here--the movie will take place in New York City, Scorsese's hometown, and he's great at lending a sense of place to his movies.

Three, DiCaprio.

DiCaprio's so thoroughly escaped the fate that seemed destined by his breakout film, Titanic (that is, becoming a leading man in forgettable romances) that it's hard to imagine him doing much else than character biopics and serious dramas. Like Robert De Niro before him, DiCaprio has become a favored Scorsese lead, starring in Scorsese's past four consecutive feature films: Gangs of New York, The Aviator, The Departed, and Shutter Island. That's a lot of movies.

Scorsese latest directing effort, Hugo Cabret, will be seen this December, and DiCaprio's currently filming Clint Eastwood's biopic of famed FBI head Hoover in J. Edgar.