Inside Job

Inside Job

DVD - 2011
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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 with key financial insiders, politicians, journalists, and academics, traces the rise of a rogue industry which has corrupted politics, regulation, and academia.
Publisher: [United States] : Columbia TriStar Home Entertainment, [2011]
Branch Call Number: DVD 338.5 INS

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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 extensi... Read More »


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h
hesselugano
Sep 02, 2017

This is the gold standard against which other documentaries will be judged. Charles Ferguson is brilliant at both investigative journalism and in the art of grasping a complex subject making it comprehensible to a non-specialist audience. It is an absolute treat to watch Ferguson's interview technique and witness him skewering stuffed shirt economists like Marty Feldstein, Glen Hubbard and Fred Mishkin and making complete fools of them. Critics have unfairly accused Ferguson of smearing economists such as Laura Tyson and Larry Summers by including captions to the effect that they had declined to be interviewed for the film - thereby insinuating these people had too many things to hide. Ferguson was damned if he did and damned if he didn't; had he not included those captions, no doubt the same critics would have lambasted him for denying such economists the opportunity of speaking in their own defense. Methinks Hillary Rodham Clinton saw this documentary. Why? Because when she learned that she was to be the subject of Ferguson's next documentary she went ballistic. Not only did Clinton stonewall his requests for discussions, Ferguson noticed that important people who had previously agreed to be interviewed during the film project suddenly changed their minds, journalists wanting access to a possible future Clinton White House refused to collaborate and media outlets refused to release their archived materials and video clippings. Eventually Furgusson's deal with CBS fell apart, his backers melted away and the film never got made. What a shame.
The supplementary materials in this "Inside Job" DVD are well worth watching, especially the interview of Charles Morris. Morris refers to the "climax of mindless ideology over common sense" occurring on June 5 2007, when Senator Kevin Warsh delivered a paper titled "Financial Intermediation and Complete Markets" exactly two weeks before the first Bear Stearns hedge fund blew up!

l
Lukeinvancouver
May 17, 2017

If you want an overview in less than two hours of the financial crisis, which started in 2008, this brilliant documentary is your best bet.

e
Engle
Mar 24, 2017

A far better movie than ' The Big Short '. This was informative, educational, entertaining and visceral - touching a raw nerve on how greedy and deceitful people can be. Well deserving of the Academy award for Best Documentary.
I started writing up a Top 10 items I learned from the movie on the crash....and actually ended up with 20.

f
fscl
May 02, 2016

If we believe talking heads the 2008 financial "meltdown" was complicated and messy our eyes glaze over. This movie simply explains the "innovations and entrepreneurialism" of Wall Street and really pulls the curtain revealing "collusion and fraud" Now watch "The Big Short"

ontherideau May 01, 2016

When hippies spoke of "the man" with disdain these are "the men". Every student should see this, discuss and understand.
People in power who command respect and admiration for what they own, how much they are worth- it's a cruel charade. The wealth comes from citizens who earned it the hard way.

b
bobgrant
Mar 18, 2016

Even if you don't really understand the broker-speak used by Wall Street and the big banks, this is easy to follow. Just remember to take your blood pressure pills beforehand.

l
LittleNoName
Feb 24, 2016

Everyone should watch this, even if politics & economics arent your thing. Pretty sick what happened & continues to happen on Wall Street. No one likes to be caught doing something illegal, but its time the 90% of us stood up for ourselves because then that 10% would be powerless. So discouraging how just a few can nearly destroy everyones way of living. This really should be shown in high school.

d
DesLi
Jan 06, 2016

According to this documentary on 2008 Financial Crisis, public servants, such as Alan Greenspan, Larry Summer, Robert Rubin, etc., stopped other public servants, economists, journalists, etc. from regulating the financial industry that caused the 2008 Financial Tsunami. Moreover, the Clinton, Bush & Obama administrations supported the financial industry deregulation that caused the Financial Tsunami. Wall Street firms executives got huge bonus while tax payers bailed out all bankrupting financial firms. The European Union financial regulators urged to regulate the financial industry and the corresponding executives' super-high pay checks while Obama's administration remained silent.

n
Nursebob
Dec 13, 2014

In 2000 Iceland’s government introduced a series of measures aimed at deregulating and privatizing that tiny country’s financial sector; the results were catastrophic both economically and socially as a once bustling economy accrued a debt almost ten times its gross national product. Using the Icelandic example as a starting point, documentarian Charles Ferguson and his team examine the reasons behind the global economic collapse of 2008. In the wake of the Great Depression the United States enacted measures to prohibit banks from making risky investments with other people’s money, safeguards which helped insure steady economic growth with relatively minor fluctuations in the decades which followed. Enter Ronald Reagan who, along with his successors, removed these barriers thus giving investment bankers and their ilk free rein while at the same time weakening the powers of government overseers---the wolves had effectively been put in charge of the henhouse while the guard dogs sat around muzzled. As in Iceland the results were catastrophic as banks took on bad debts, sold them as junk stock to unwitting investors (certified as AAA investments by insurance agencies who were in on the scam), and raked in billions of dollars annually in incentives, bonuses, and inflated salaries. Furthermore, financial institutions around the world made billions on the side by laundering drug money and bankrolling illegal ventures such as Iran’s nuclear energy program. But an economy based on phantom money is doomed to fail and when the crash came millions were left homeless, pension plans were wiped out, and American taxpayers were left holding the bag to the tune of almost 200 billion dollars in bail-outs. The people who precipitated the collapse however managed to pocket billions more while deftly evading any legal prosecution. Using a variety of talking heads from various disciplines Ferguson’s team presents a sad tale of government collusion, runaway greed, and a sociopathic lack of conscience in the financial sector. The area of the brain which is stimulated by winning money is the same area that lights up with cocaine, explains one counsellor with a large Wall Street clientele, hence we have a group of type-A personalities with addictions to both money and power. Of course we already know Ferguson’s documentary does not have a happy ending as he shows the various ways in which financial puppet masters have not only infiltrated all levels of government but the educational system itself. “For the first time in history...” drones narrator Matt Damon, “...average Americans have less money and are less prosperous than their parents.” Frightening, infuriating, yet ultimately anesthetizing as the sheer scope of this financial obscenity slowly hits home.

Excellent doc about how the American people have complacently stood by while supreme court justices and politicians have sold their government to bankers, brokers, and corporations.

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sky123
Apr 22, 2013

GEORGE 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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