Arbitrage

Or, A Criminal Waste of Susan Sarandon.

Nudity in art, if it has a reason to be there, can be very explicit and not be accused of prurience. But if it has no reason to be there, no justification, no artistic purpose, then it's just pornography.

Arbitrage is the bastard child of Wall Street and Bonfire of the Vanities, with the exploding car from Michael Clayton, but without the virtues of any of these. It's a film that spends a lot of time in fancy restaurants, richly furnished offices and townhouses with spiral staircases that would be at home in the last scene of Sunset Boulevard. But it's empty and pointless. It's just another form of pornography. And Arbitrage is too preoccupied with its real-estate porn to bother with a sex scene, anyway. It's M&A without the T&A. 

Richard Gere plays Robert Miller, a Wall Street hotshot who made one incredibly bad investment which he is now trying to cover up. This involves a lot of boring conversations about bridge loans and Russian copper mines, so the writers have manufactured a subplot about the death of his unbelievably annoying mistress in order to manufacture some urgency.

In a better movie, this script might be used to prompt us to ask ourselves about the values of loyalty and family, and what money can buy and what it can't, and whether the police are any better than the criminals they're pursuing. 

Director Nicholas Jarecki simply isn't up to the task. He adds nothing to the script, which has some serious weaknesses. The police commit an act of jaw-dropping misconduct, they're caught by a judge, and he doesn't really seem to consider the possibility that this might be a case for Internal Affairs. Robert's wife catches him philandering and perpetrating fraud, and he appears to claim that this behavior is justified because she shops too much. 

Robert's daughter Brooke actually is helpful enough to point out another flaw in the script when she mentions that as the film's Chief Investment Officer, nobody is going to believe she didn't know anything about the missing $400 million, so it's kind of a cheap shot for her dad to claim he committed the fraud for the family, since she's probably going to jail too. Since Brit Marling, who plays Brooke, turned down a job at Goldman Sachs to go into acting, it makes you wonder if she helpfully suggested that her character shoot a huge hole in the movie.

Richard Gere is capable of subtlety as an actor, but he's at his best when he's cast against type. As the cuckolded schlep of a husband in Adrian Lyne's Unfaithful, he's the best thing about the movie. He's surprisingly compelling in the improbable role of a Japanese-American in Akira Kurosawa's Rhapsody in August. But here, there isn't any subtlety for him to bring out. He winds up yelling a lot. It's almost as if Jarecki can't decide if his character is supposed to be sympathetic or not, and frankly, Gere seems just too nice to play a total jerk. Do we want the police to catch him or don't we?

The supporting cast is uneven. If this is the best movie role Susan Sarandon is getting offered these days, she should decamp for the small screen. She was hilarious as Frank's jailbait-loving teacher on 30 Rock. Here, she's window dressing. She's almost too good: the audience is bound to wonder why Robert would sleep around with Laetitia Casta's whiny, self-doubting, needy French artist tramp when he has Sarandon's elegant, fit, devoted Ellen waiting for him.

Tim Roth disappears into the role of the bloodhound detective determined to sink his teeth into Robert's leg, but his motivation is puzzling and neither the script nor the director comes to his aid. Nate Parker has the thankless role of the righteous poor African-American who demonstrates the hypocrisy of the rich white man.

Even the makeup fails this movie. Robert sustains some kind of stomach injury as the result of a car accident. This injury is key to the plot, but the editor doesn't stay on the shot more than a few frames, evidently because the makeup job is so unconvincing that lingering on it for so much as a full second would reveal its incompetence. In another scene, the police detective comments on a head injury that Robert is supposed to have but for the life of me I couldn't see.

For some reason this movie was a film festival darling, screening at Sundance and earning raves. Personally, I'm mystified. Maybe lefty critics are just happy to see a movie that portrays Wall Street moguls as selfish bastards. If so, they should browse the documentary category and pick up Inside Job. The truth in this case is so much more compelling than the fiction.