The Laundromat

Panama-based Mossack Fonseca law firm's international scandal

Movies Drama Biography
96 min     6.001     2019     USA

Overview

The Laundromat is an American biographical comedy-drama film directed by Steven Soderbergh about the Panama-based Mossack Fonseca law firm's international scandal in April-May 2016.

In 2015, an anonymous source inside the Panamanian company Mossack Fonseca sent many financial documents to the German newspaper Süddeutsche Zeitung. Journalists got data on 214,488 offshore companies for the period from 1977 to 2015. The 2,6 TB archive contained 11,5 million files. It took almost a year for journalists from 115 publications in 80 countries to analyze the entire amount of data received. On April 3, 2016, the results of the investigation were published. The names of current and former heads of government of different countries of the world, prime ministers, members of royal families, relatives, and children of heads of state were found in the papers. The scandal turned out to be serious.

Steven Soderbergh decided to make a film in the spirit of The Big Short, which told about the global economic crisis of 2008 but seems to have overdone it in the process.

The Laundromat is full of first and second magnitude stars: Meryl Streep, Gary Oldman, Antonio Banderas, Jeffrey Wright, David Schwimmer, Matthias Schoenaerts, James Cromwell, and Sharon Stone.

Meryl Streep plays the fictional character Ellen Martin, who is trying to understand the world of offshore business after her husband's tragic death. Still, Gary Oldman and Antonio Banderas play the roles of the very real Jurgen Mossak and Ramon Fonseca, Mossack Fonseca owners. Concurrently, Mossack, and Fonseca play the role of storytellers, explaining to viewers the principles of their company and the nuances of creating offshore companies.

In the second part of the film, you will puzzle yourself over who starred in one minor's role but a fundamental character for this story. His secret will be revealed only before the final credits.

As a result, Steven Soderbergh's film looks like a black comedy with elements of political satire.

Reviews

Sheldon Nylander wrote:
Remember the Panama Papers? Those leaked documents that detailed how various people and companies created off-shore shell companies in order to avoid paying billions if not trillions in taxes around the world? No? I’m not surprised. It was a huge story that seemed to become a flash in the pan and many people forgot about it after the coverage dried up because, very likely, the corporations that run the news media tried to bury it. But these folks didn’t forget. The film’s title refers to the whole operation as generally being a money laundering scheme. Featuring an ensemble cast of Hollywood who’s who as well as who’s that, this Steven Soderbergh film invariably draws comparisons to Adam McKay’s “The Big Short,” both in subject matter and style. The narrators, played by Gary Oldman and Antonio Banderas, frequently address the camera directly. Usually, this has the effect of making the audience feel like they’re in on the scheme, but it’s not as effective as when it was used in, say, “House of Cards.” Why? I can’t quite put my finger on it, but it likely has to do with the complexity of the scheme. Their characters are more than just narrators, but are actual players in the overall story, lawyers who created the paperwork and did the legwork to get these schemes off the ground. As such, they actually try to explain it, both simplified and with a certain complexity that leaves one a little unsure of the truth. Maybe that was the idea, but from a storytelling perspective, it didn’t quite work. And effect is part of the problem with this film. Aside from being done as a comedy for what is in fact a very serious subject (the reporter who exposed this story was later killed by a car bomb), this film doesn’t feel very effective in conveying outrage. In fact, it feels less like outrage and more like being impotently miffed. The film doesn’t feel like it conveys the gravity of the situation. Which is very disappointing given the talent involved and the chance to really bring this subject back into the public eye. While I have to give the filmmakers credit with trying to make the complex money laundering scheme in the Panama Papers digestible to a general audience and keeping this visible, ultimately it feels like it’s too little too late.
r96sk wrote:
I didn't enjoy this at all, yet I still weirdly reflect on it to be better than it had any right to be. That's thanks to the cast of 'The Laundromat'. Meryl Streep (Ellen), Gary Oldman (Mossack) and Antonio Banderas (Fonseca) are the main reasons I'm not rating this lower. They stop it becoming an annoying watch. You also have Jeffrey Wright, David Schwimmer and Nonso Anozie involved too - as well as even Sharon Stone and James Cromwell. I just didn't like the way they chose to portray everything, I appreciate what they went for but it simply didn't work for me. It's definitely one of those things, though, that will depend on the viewer - I'm sure many will find it good. The comedy is extremely lacking, in accordance to my tastes anyway. Also, even though I praised Oldman and Banderas themselves, I found their characters particularly irritating - same goes with the ending. Feels like it merits an inferior score and yet... A charitable 5*.

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