The Bonfire of the Vanities

If there’s any joy in watching the Wall Street Meltdown, it’s the sweet taste of Schadenfreude as at least some of today’s executives and traders watch their fortunes and fame bleed out like an ice cube melting on the floor of the stock exchange. The whole thing has put me in mind of the Tom Wolfe novel The Bonfire of the Vanities, which I read shortly after it was released in the mid-80s. I’ve thought of digging around to see if I still have it. It would probably be a good read again and a reminder that the age of greed didn’t start with the invention of the sub-prime mortgage.

But yesterday I stopped by Blockbuster to pick up something entertaining for the evening, and back in the drama section, there was the DVD version of the film from 1990. I hadn’t seen it before, but with Tom Hanks, Melanie Griffith, Bruce Willis, and Morgan Freeman, I couldn’t pass it up. Kim Kattrall plays a younger version of her Sex and the City character, and Alan King, an actor/comedian I’ve never particularly liked, turns in the best comic performance of the film in a brief scene.

Directed by Brian DePalma, the plot summary reads like a headline you’d love to see tomorrow morning: “Sherman McCoy was Wall Street’s Master of the Universe—and everything in his life was right. Then one night he took a wrong turn at the wrong place with the wrong woman. And nothing has gone right since.”

I was a little put off at first because the characters seemed drawn as overly large clichés, and it was hard to feel much of the tension I remember from reading it as McCoy watches his life unravel after accidentally running over a black kid in the Bronx. As the film went on, though, I realized it was intended as a comedy, and whether Wolfe had that in mind or not, the general plot line lends itself to humor and became a wonderful comedy once I realized it was okay to laugh.

In the film, Hanks as McCoy has the last laugh, which may or may not be how the book ends or the message it was trying to convey. I’ll still try to dig that up or find it at a used book store, but I’m glad I found the film. Very funny and worth it.