Here, then, is another instance of the ruthlessly capitalist movie industry taking a shot at the excesses of capitalism -- an act not without its ironies. In fact, the callow hustlers in Boiler Room even try to one-up the nastiness of other business-world exposés: They delight in quoting Wall Street villain Gordon Gekko line-for-line, and they drag up a commandment lifted straight out of Glengarry Glen Ross: "ABC -- Always Be Closing."
Younger, a streetwise Brooklynite, clearly understands the hyperactive toughs his young cast portrays so vividly here -- multiethnic, working-class boys with maybe a sniff of college, driven by testosterone and dreams of putting a yellow Ferrari in the driveway. These are not polished Ivy Leaguers who go to work for blue-chip firms like J.P. Morgan; they are raw material recruited by "chop shops" like the movie's fictional J.T. Marlin. Marlin specializes in the hard sell and fast buck, generating fat commissions for its frenzied brokers while trying to stay a step ahead of the Securities and Exchange Commission. Here, the high-pressure phone call and the bold-faced lie have been raised to high art, and the implications of swindling the public have been conveniently set aside. In other words, behold capitalism bloody in fang and claw.
Into this overheated jungle, Younger drops a 19-year-old college dropout named Seth Davis (Giovanni Ribisi), whose previous business experience consists of running an illegal blackjack game in his Queens apartment. Smart but insecure, this baby-faced striver makes for a quick study. Before long, he's J.T. Marlin's top trainee. He develops his own repertoire of telephone ensnarements, bonds with the boys at work and upgrades his wardrobe. Inevitably, Seth, too, sells his soul. Puffed up with crude ambition, he pressures a struggling family man named Harry Reynard (Taylor Nichols) into dumping his life savings into a medical stock that's bound for oblivion. To his credit, Seth doesn't yet know the whole story on the stock and on Marlin's scams, but he's still guilty as sin: He's been seduced by visions of instant wealth and turned himself into an accomplished liar. Eventually somebody will have to pay the piper. Probably a lot of people will.
While struggling to move up from movie grip to writer/director, Younger was recruited by a boiler-room operation like J.T. Marlin. He didn't take the job, but he did take notes. The first-time director has poured this inside info into his characters with great skill. Seth transforms himself from a schlub into a shark, but his fellow travelers are just as compelling. As his work buddy, Chris, big, meaty Vin Diesel is in-your-face Italian-American aggression personified, and Nicky Katt's smoothly coiffured Greg is the picture of preening self-satisfaction. Ben Affleck is the head recruiter and pitiless shaper of young minds at J.T. Marlin -- part father, part fascist.
Aside from a gift for building characters, Younger clearly has a good eye for details like the pecking order of urban appearance: He knows an underling's suit from a sharpie's, a trainee's haircut from a boss'. But he has an even better ear. The crackling dialogue in Boiler Room captures the qualities of desire, the vanities behind ethnic friction in big cities like New York, the secret linguistic codes that separate winners from losers in a dog-eat-dog world. This beautifully written screenplay bodes well for Younger's future in movies -- despite his yielding here to at least one major movie convention. For dramatic purposes, young Seth doesn't really need a girlfriend, but Younger provides one (Nia Long's Abby, J.T. Marlin's $80,000-a-year secretary) so the film won't look quite so unisex.
Is Boiler Room derivative? Yeah, a little bit. The guys we meet here are the Sons of Gekko, and with a few more years of disappointments they would feel right at home in David Mamet's tattered real-estate office. Is the movie already dated? Oddly, it is. The SEC says it's redoubling its efforts to shut down sleazy brokerages, but online stock trading has probably taken a bigger bite out of such operations.
Despite its faults, Boiler Room deserves a careful viewing. As the expression of a certain moment in American social history, this pitch-perfect, richly detailed portrait of raw greed works very well, thank you.
Opens Feb. 18.