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MAD MONEY

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Mad Money
Theatrical release poster
Directed byCallie Khouri
Written byGlenn Gers
Produced byJay Cohen
James Acheson
Frank DeMartini
StarringDiane KeatonQueen LatifahKatie HolmesTed DansonStephen RootChristopher McDonaldAdam RothenbergRoger Cross
CinematographyJohn Bailey
Edited byWendy Greene Bricmont
Music byJames Newton Howard
Marty Davich
Production
companies		Millennium Films[1]Lightspeed Media[1]Swingin’ Productions[1]Big City Pictures[1]Granada Productions[1]MMoney[1]Grand Army Entertainment[1]
Distributed byOverture Films[1]
Release dateJanuary 18, 2008
Running time104 minutes
CountriesUnited Kingdom[1]United States[1]
LanguageEnglish
Budget$22 million[2]
Box office$26.4 million[3]

Mad Money is a 2008 crime comedy film starring Diane Keaton, Queen Latifah and Katie Holmes, and directed by Callie Khouri. It is loosely based on the 2001 British television film Hot Money.

Released on January 18, 2008, It is the first film to be distributed by Overture Films.

Plot

The film begins with the suspects getting caught and being interrogated. Then it flashes back three years earlier and the film continues forward from there, interspersed with occasional bits from the interrogation.

Three years before getting caught, Bridget Cardigan (Diane Keaton) lived a comfortable upper middle-class life until her husband Don Cardigan (Ted Danson) was “downsized” from his position and sank into debt. Salina, (Sylvia Castro Galan) the Cardigan’s housekeeper, check has bounced once again. Selina confronts Bridget and suggests she take a job as a janitor at the Federal Reserve Bank of Kansas City.

On her first day on the job, Bridget hatches a scheme to steal worn-out dollar bills slated for destruction. For her team, she chooses Nina Brewster, (Queen Latifah) who works the dollar bill shredder, and Jackie Truman, (Katie Holmes), who takes bill carts from the Secret Service room to the shredding room. It takes some work to persuade Nina to join, but Jackie joins them quickly.

The plan is that in the Secret Service room, Bridget will switch a cart’s official Master-brand lock with a nearly identical lock she purchased at Home Depot. Bridget will tell Jackie the cart number and give Nina the official lock. When Jackie gets the chosen cart, she dumps some bills from the cart into a trash can before taking the cart to Nina, who then uses Bridget’s key to open it, restores the official lock, and then proceeds to shred the remaining bills. Meanwhile, Bridget, in the course of her janitorial duties, retrieves the dumped bills from the trash and splits them among Nina and Jackie in the women’s restroom.

Their first robbery is a success though the take is not as big as they had hoped. However, they’re emboldened to do it repeatedly. Once Don and Bridget pay off their debt, Don suggests they stop before they get caught. Bridget rejects this idea and persuades Nina and Jack to keep going. They almost get caught but they end up cutting in Barry (Roger Cross), one of the security guards, who is attracted to Nina.

A Federal Bank Examiner shows up at a party at Bridget’s house, and the next day, Jackie sees him at work. The Examiner confronts Glover (Stephen Root), the manager of the Federal Bank, who is unwilling as a matter of professional pride to admit anyone has stolen a single bill out of his bank. Tipped off, that night Bridget and her accomplices begin trying to get rid of all the loot stashed in their houses, but the cops move in before all the evidence is destroyed. Bridget escapes but the others get caught.

Bridget hires a tax attorney to defend them. The lawyer gets Bridget, Don, Nina, Berry, Jackie and Jackie’s husband Bob Truman (Adam Rothenberg) off the hook for their crimes, because neither the law enforcement nor the examiner can prove that the large stash of cash in their homes came from the Federal Reserve Bank. It isn’t illegal to have a couple of hundred thousand dollars in cash lying around inside a private residence. However, they spent a large sum of that stolen cash to buy expensive objects and improvements on their houses and didn’t pay the taxes for them because they couldn’t justify the income. The IRS demands they pay their taxes, which turn out to equal in the amount to the money that still remains.

Eight months later, Bridget reveals to Nina and Jackie that she had stashed away much of the stolen cash in the basement of a friend’s bar.

Cast

Development

Original UK version

Hot Money (2001), the original UK TV film produced by Granada Television, is based on the true story of three women who worked at the Bank of England and embarked on a plan to steal thousands of pounds of banknotes that were due to be destroyed at the bank’s incinerating plant in Essex.[4] No one except these women know the exact details of the theft. In the director’s commentary for the Mad Money DVD, director Callie Khouri credits producer Jay Cohen with having brought the TV film to her attention and obtaining the rights to adapt it.[5]

Khouri and Cohen worked for five years to bring a deliberately Americanized version of Hot Money to the screen using various writers. Both Diane Keaton and Queen Latifah were attached early on to the project and writers began designing the characters specifically around the two actresses.[6]

Release

Box office

The film debuted in fifth place at the box office on its opening day in the United States, with a return of US$2.3 million from 2,470 screens.[7][8] Reuters referred to this return as a “modest” result for the film’s opening day.[9] By the end of its opening weekend, Mad Money had slipped to seventh place, with a weekend take of $7.7 million.[10][11] Writing for Rotten Tomatoes, Gitesh Pandya noted that the opening weekend per theater revenue “averaged a not-so-impressive $3,126.”[12] amNewYork called the film’s opening weekend return “a big flop at the box office,” and the New Zealand Herald described it as “a box-office flop”.[13][14] The film’s four-day take was a dismal $9.2 million.[13][15] The film also did not fare well in its release in other countries, and Conor Bresnan of Box Office Mojo reported that “Mad Money bombed in its first two markets” overseas.[16] The film grossed $26.4 million worldwide.[3]

Critical reception

On the review aggregator website Rotten Tomatoes, 22% of 105 critics’ reviews are positive, with an average rating of 4.5/10. The website’s consensus reads: “A laborious, unfunny and implausible heist film.”[17] Metacritic, which uses a weighted average, assigned the film a score of 41 out of 100, based on 31 critics, indicating “mixed or average” reviews.[18]

Roger Ebert gave the film a rating of one and a half stars, and wrote, “The bottom line is, some girls will like it, the men not so much.”[19] The film also received one and a half stars in a review in the Chicago Tribune, and Michael Phillips wrote that the film’s cast was not to blame: “Do not blame the cast. The cast is game. The dreary visual scheme, however, combines unwell with the pokey, enervated rhythm of the heist scenes, and while I’m neither a medical doctor nor a script doctor, it seems this film could use a few uppers.”[20]

The film received three stars in Newsday, and Jan Stuart wrote:”Mad Money is no Rififi, but Khouri and Gers invest it with an individuality and generosity of spirit that lift it into the realm of guiltless pleasure.”[21] Bill Wine of All Headline News gave the film two and a half stars, writing “Mad Money is a light and lively, likable low-tech lark. Don’t expect big laughs, but you can at least bank on it to hold your interest.”[22] The Canadian Press gave the film one and a half stars, and criticized Katie Holmes‘s performance “While Keaton has long done zany and giddy well, and she and Latifah have an interesting contrast of personalities, Holmes’ presence feels like an afterthought.”[23] In contrast, Peter Howell of the Toronto Star reviewed the film positively, praising the “exuberance of the cast.”[24] The New York Post, The New York Times and Variety also criticized Katie Holmes’s performance in the film, and The New York Times called Holmes “the movie’s weakest link.”[25][26]

In an article in the Boston Herald titled “Don’t waste your Mad Money on poor comedy”, Stephen Schaefer gave the film a rating of “C”, writing “Even with the legendary Diane Keaton center stage, Mad Money fails to hit the stratosphere of giddy, intoxicating comedy.”[27] The film received a critical review in from Claudia Puig in USA Today “Is it the perfect crime? No, it’s a particularly imperfect heist comedy that offers little entertainment value and few laughs.”[28]

References

  1.  “Mad Money”. American Film Institute. Retrieved January 16, 2017.
  2.  “Mad Money (2008) – Box Office and Financial Information”.
  3.  “Mad Money”. Box Office Mojo. IMDb. Retrieved 2018-03-22.
  4.  “Bank of England Finally Closes Underwear Robbery Case That Spawned Diane Keaton Movie”. The Observer. April 26, 2018. Retrieved April 14, 2022.
  5.  Khouri, Callie, et al. Lionsgate Home Entertainment DVD Video Release, Mad Money (Audio commentary). 13 May 2008.
  6.  Silverstein, Melissa (January 17, 2008). “Interview with Callie Khouri, Director of Mad Money”. HuffPost. Retrieved April 14, 2022.
  7.  “Cloverfield Destroying January Records”. Comingsoon.net. Coming Soon Media, L.P. January 19, 2008. Archived from the original on January 21, 2008. Retrieved 2008-01-19.
  8.  D’Alessandro, Anthony (January 19, 2008). “‘Cloverfield’ swarms box office: Par’s sci-fier nets $16.8 million”. Variety. Reed Business Information. Archived from the original on January 22, 2008. Retrieved 2008-01-19.
  9.  Goodman, Dean; Editing by Vicki Allen (January 19, 2008). “Monster thriller “Cloverfield” crushes box office”. Reuters. Retrieved 2008-01-19.
  10.  Germain, David (January 20, 2008). “‘Cloverfield’ Pulls Down Monster $41M”. Associated Press. Archived from the original on January 23, 2008. Retrieved 2008-01-21.
  11.  Goodman, Dean (January 20, 2008). “”Cloverfield” a monster at box office”. Reuters. Retrieved 2008-01-21.
  12.  Pandya, Gitesh (January 20, 2008). “Box Office Guru Wrapup: Cloverfield Crushes Records at #1: ‘Twas a monster mash at the box office”. Rotten Tomatoes. IGN Entertainment, Inc. Archived from the original on January 22, 2008. Retrieved 2008-01-21.
  13.  McNaughton, Maggie (January 28, 2008). “In the women’s mags: Katie is thriving on broccoli – but it isn’t helping career”. New Zealand Herald. APN Holdings NZ Limited. Archived from the original on October 12, 2012. Retrieved 2008-01-27.
  14.  Miller, Korin; Warner; Kara (January 21, 2008). “Paris Hilton, Jessica Alba share too much at Sundance”. amNewYork. Archived from the original on March 23, 2008. Retrieved 2008-01-21.
  15.  Gray, Brandon (January 21, 2008). “‘Cloverfield’ Clobbers MLK Record”. Box Office Mojo. Box Office Mojo, LLC. Retrieved 2008-01-23.
  16.  Bresnan, Conor (January 25, 2008). “Around the World Roundup: ‘Legend’ First for Fifth Weekend”. Box Office Mojo. Box Office Mojo, LLC. Retrieved 2008-01-30.
  17.  “Mad Money (2008)”. Rotten Tomatoes. Fandango Media. Retrieved 2018-03-22.
  18.  “Mad Money Reviews”. Metacritic. CBS Interactive. Retrieved 2014-08-25.
  19.  Ebert, Roger (January 17, 2008). “La-di-da girls, lets rob the Fed!”. RogerEbert.com. Retrieved 2011-03-20.
  20.  Phillips, Michael (January 17, 2008). “Movie Review: ‘Mad Money’ (starring Diane Keaton, Queen Latifah and Katie Holmes) — 1½ stars – Cast is on the ‘Money,’ not so the 1-joke script”. Chicago Tribune. Archived from the original on January 29, 2008. Retrieved 2008-01-18.
  21.  Stuart, Jan (January 18, 2008). “Movie review: ‘Mad Money'”. Newsday. Archived from the original on July 3, 2007. Retrieved 2008-01-18.
  22.  Wine, Bill (Celebrity News Service Movie Critic) (January 17, 2008). “Mad Money ( **1/2 )”. All Headline News. Archived from the original on December 10, 2008. Retrieved 2008-01-18.
  23.  “Caper comedy ‘Mad Money’ comes up short as a female empowerment movie”. The Canadian Press. January 17, 2008.
  24.  Howell, Peter (January 18, 2008). “‘Mad Money’: A nice little windfall”. Toronto Star. Archived from the original on December 7, 2017. Retrieved April 14, 2022.
  25.  Lu, Anne (Celebrity News Service News Writer) (January 19, 2008). “Critics: Katie Holmes Is Movie’s Weakest Link”. All Headline News. Archived from the original on January 23, 2008. Retrieved 2008-01-19.
  26.  Pike, Julie (January 20, 2008). “Katie Holmes Box Office Woes: Mad Money Flops, Report Claims”. The National Ledger. Archived from the original on January 31, 2008. Retrieved 2008-01-20.
  27.  Schaefer, Stephen (January 17, 2008). “Don’t waste your ‘Mad Money’ on poor comedy”. Boston Herald. Boston Herald and Herald Media. Retrieved 2008-01-18.
  28.  Puig, Claudia (January 18, 2008). “‘Mad Money’ won’t buy you laughs”. USA Today. Retrieved 2008-01-18.
vteCallie Khouri
Films directedDivine Secrets of the Ya-Ya Sisterhood (2002)Mad Money (2008)Patsy & Loretta (2019)
Films writtenThelma & Louise (1991)Something to Talk About (1995)Respect (2021)
TV series createdNashville (2012–2018)

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