Clooney to produce, and possibly direct, a Wall Street bailout movie.

Variety reports that George Clooney and Grant Heslov’s production company, Smoke House, is to produce a Wall Street bailout movie based on a 2009 Washington Post article by Laura Blumenfeld, titled ‘The $700 Billion Man.’

The movie is being developed as a potential directing vehicle for Clooney. Laura Blumenfeld’s article is about TARP (Troubled Asset Relief Program) architect Neel Kashkari and the bank bailout after the 2008 economic collapse. Kashkari developed the deal to bail out the banks alongside Treasury Secretary Hank Paulson after 2008’s economic collapse. Following the deal, Kashkari left Washington and moved to a cabin in Northern California where he could “detox” from politics.

Clooney and Heslov are to produce alongside Michael Shamberg and Stacey Sher of Double Feature Films. Clooney last worked with the Double Feature Films partners on Steven Soderbergh’s 1998 ‘Out of Sight.’

Zach Helm (‘Stranger Than Fiction,’ ‘Mr. Magorium’s Wonder Emporium’) has been tapped to pen the screenplay. You can read Blumenfield’s original article HERE.