Douglas: Corporate greed isn't good

Updated: 2012-02-28 14:55

(Agencies)

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Douglas: Corporate greed isn't good

Actor Michael Douglas arrives at the 2012 Vanity Fair Oscar party in West Hollywood, California February 26, 2012.[Photo/Agencies]

Movie star Michael Douglas might be the FBI's newest and most famous turncoat.

He stars in a federal public service announcement unveiled for television Monday. The commercial denounces corporate greedafter opening with a flashback to a famous scene from Douglas' film "Wall Street."

In it, his character Gordon Gekko reminds television audiences that "Greed is good."

The announcement then cuts to Douglas, who says: "The movie was fiction, but the problem is real."

The commercial is part of an ongoing offensive by federal authorities in New York against insider trading. The crackdown has resulted in multiple convictions.

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