Terry O'Neill (William Powell) returns home from WWI to find he can't get his old job as writer on a newspaper back because of cut backs. He uses the last of his money to bail out three minor pick pockets out of jail, and so he decides to crash a society wedding so that he can meet a wealthy industrialist. Instead he ends up meeting the owner of a different newspaper than the one he was on and gets a job there. After a successful newspaper campaign against the industrialist he originally wanted to work for, he switches sides and goes to work for the industrialist. Complications and the stock market crash of 1929 ensue, but none of those complications are particularly interesting, and almost all of them are ponderous.
The failure here is not only in the story, that has, at the end, a bunch of con-artists unbelievably being convinced to turn over a new leaf and give back all of the money that they stole from a charity by having to face a bunch of kids who would have been the beneficiary of said charity, but also in the direction. For example, early in the film, Powell's character gets grabby with Esther Williams' character at the wedding he crashed, she gets understandably angry, and then oddly just begins smiling at him. She spends the rest of the film smiling oddly at him while the pair have zero chemistry. Powell, rather than being his normal effervescent self in these kinds of films, at least in the romantic comedy parts, seems completely detached from what is going on. Even so, this film wouldn't even get a 5/10 if not for his talent, along with the always great James Gleason.
It is said that this film was an attempt by MGM to appeal to post WWII audiences by putting Powell in a darker role than normal, but in the end I am not convinced that he is either a hoodlum or a saint. I'd avoid it unless you are extremely curious.
