Inside Job
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Provided is an analysis of the global financial crisis of 2008, which at a cost over $20 trillion, caused millions of people to lose their jobs and homes in the worst recession since the Great Depression, and nearly resulted in a global financial collapse. Through exhaustive research, and extensive interviews
… More »Provided is an analysis of the global financial crisis of 2008, which at a cost over $20 trillion, caused millions of people to lose their jobs and homes in the worst recession since the Great Depression, and nearly resulted in a global financial collapse. Through exhaustive research, and extensive interviews with key financial insiders, politicians, journalists, and academics, traces the rise of a rogue industry which has corrupted politics, regulation, and academia.
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Add a QuoteGEORGE SOROS: Markets are inherently unstable, or at least potentially unstable. An appropriate metaphor is the oil tankers. They are very big; and therefore, you have to put in compartments to prevent the sloshing around of oil from capsizing the boat. The design of the boat has to take that into account. And after the, uh, uh, Depression, the regulations actually introduced these very watertight compartments. And deregulation has led to the end of compartmentalization.
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Add a CommentThis DVD gives the true and easy to understand story of the financial crisis in the United States. .
This is a great DVD and should be viewed by all. Generally speaking, Ferguson is correct on the overall picture - - let's face it, all those trader scoundrels at AIG made a fortune and didn't have to pay back any of their ill-gotten gains (since the government did the bailout via the US Treasury and the Fed). Neither did the trader scoundrels at Magnetar Capital, and so on and so on. The bit on Fredric Mishkin, vice chair of the Fed, and his lies on his C.V. (work resume) is typical of the complete dishonesty of the banksters and their pseudo-economists lackeys.
By far the best explanation I have seen of the 2008 global financial crisis, its causes, those responsible, and the failure of our leaders to adopt effective measures to curtail the behavior that produced it, and continues unchecked. This documentary scored an astonishing 98 percent on rottentomatoes.com.
This is a 109-minute powerful documentary that exposes the shocking truth behind the economic crisis of 2008---the so-called Lehman shock. The film is described by Ferguson as being about "the systemic corruption of the United States by the financial services industry and the consequences of that systemic corruption." In five parts, the film shows how changes in the policy environment and banking practices helped create the financial crisis. You can easily understand that how the American financial industry set out deliberately to defraud the ordinary American investor. The executives of those responsible financial institutions should be prosecuted because of the inside job that resulted in millions of people losing their homes and jobs. The film teaches us that the top executives of the insolvent companies walked away with their personal fortunes intact, and that the executives had hand-picked their boards of directors, which handed out billions in bonuses after the government bailout. Despite the crisis, the major banks grew in power and doubled anti-reform efforts. Academic economists had for decades advocated for deregulation and helped shape U.S. policy. They still opposed reform after the 2008 crisis. Many of these notorious economists and professors had conflicts of interest, collecting sums as consultants to companies and other groups involved in the financial crisis. The new Obama administration’s financial reforms have been weak, and there was no significant proposed regulation of the practices of ratings agencies, lobbyists, and executive compensation. Geithner became Treasury Secretary. Feldstein, Tyson and Summers were all top economic advisors to Obama. Bernanke was reappointed Fed Chair. European nations have imposed strict regulations on bank compensation, but the U.S. has resisted them. So you would be able to see clearly who are the cancers behind the scene.
May be interesting to someone that hasn't opened a newspaper for the last decade. Personally, I found this well-intentioned film a bit too self-righteous. Listening to blockbusting Matt Damon, sex-binging Dominique Strauss-Kahn and whorehouse habitue Elliot Spitzer lecture on mammon can be exhausting.
Fascinating and informative. One of those docs that every North American should see. This film maker convinced a great deal of people to be interviewed, many of whom regretted it by the end. Watch this.
An outstanding documentary. Excellent presentation of an extremely complex topic. See deleted scenes, especially for Jillian Tett and Satyjit Das. Ms Tett reveals the key problem with the so-called Credit Default Swaps that was at the core of the financial crisis in 2008.
This is a fascinating DVD. It admirably covers the subprime mortgage, investment banking, derivative mess that has been our constant companion for 5 years. Very telling interviews with many key players and those who declined to be interviewed stick out like a sore thumb. One of the more disturbing aspects is the complete lack of remorse or responsibility for actions taken. Even the mildest individuals become testy, angry and aggressive when asked to explain themselves. Could be a primer for the concept of moral hazard.
subprime mortgage, investment bank disaster of 2008......really quite frightening, better than hollywood could ever have dreamed up......loved it
A very good documentry concerning th financial crisis. Let's hope that Wall Street learned from the mistakes which caused this crisis.