“Dumb Money” Is Clear About Money but Vague About Politics

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Craig Gillespie’s film about the GameStop stock squeeze ignores the fiasco’s most fascinating element: motivation.

Complex abstractions are hard to convey in movies, but “Dumb Money,” Craig Gillespie’s new drama based on the true story of the buying frenzy forand the havoc it created in the finance world, does an unusually good job of it. Gillespie peppers the dialogue with a handful of key terms—“selling short,” “short squeeze,” “margin account”—which the movie both depicts in action and invites viewers to research for themselves.

Gillespie contrasts Gabe’s charmed life—during the pandemic, he decamped to Florida and bought two houses next door to each other, planning to demolish one and build a tennis court on the plot—with Keith’s more modest circumstances. The son of a nurse and a truck driver , Keith grew up in Brockton, Massachusetts, and was the first in his family to graduate from college, a local one. He lives in an unremarkable house with his wife, Caroline , and their infant daughter.

Meanwhile, who are the regular investors buying GameStop? The movie, written by Lauren Schuker Blum and Rebecca Angelo , presents a few: a nurse named Jenny , a GameStop sales clerk named Marcus , and two University of Texas undergraduates, Riri and Harmony .

The movie wastes time on setting up a few minor points of the followers’ personalities rather than probing the psychology of a mass movement with strong political overtones. What political points the movie does make are predictable and safe. The oblivious privilege of Wall Street is emphasized throughout, as in the way that Gabe, preparing to give testimony to Congress via Zoom, fails to grasp why appearing in front of his wine collection is a bad look.

 

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