MTV.com reports: "The saga of Ronald Reagan is certainly a fascinating one. The A-list actor went on to have a pretty okay career in politics. You know, just the 40th president of the United States. No big deal. The biopic, which carries a $30 million budget and is targeted for a late 2011 release, will be helmed by "Malice" director Jonas McCord, The Hollywood Reporter reveals. He also wrot…