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New Government PSA Featuring Michael Douglas: Greed, is Bad

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By Doug Powers  •  February 28, 2012 09:47 AM

**Written by Doug Powers

If you see insider trading, say something:

The FBI has enlisted Michael Douglas, best known for his role as the ruthless financial executive Gordon Gekko in the film Wall Street, in the Bureau’s efforts to crackdown on the rising number of insider trading cases. While Gekko lived by the mantra that “Greed, for lack of a better word, is good,” Douglas is now asking corporate employees and financial traders to report insider trading and securities fraud to the FBI.

Appearing in a public service announcement that begins with a scene from Wall Street, Douglas says, “In the movie Wall Street I play Gordon Gekko, a greedy corporate executive who cheated to profit while innocent investors lost their savings. The movie was fiction, but the problem is real.”

“Our economy is increasingly dependent on the success and the integrity of the financial markets,” Douglas says in the video produced by the FBI. “If a deal looks too good to be true, it probably is. For more information on how you can identify securities fraud, or to report insider trading, contact your local FBI office. Or submit a tip online at tips.fbi.gov.”

Does this include members of Congress, or are we only supposed to keep an eye on Wall Streeters?

“If a deal looks too good to be true, it probably is.” Where was that advice in 2008 when we really needed it?

**Written by Doug Powers

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