12A - 120mins - Documentary/Crime - 18th February 2011
The financial crisis of 2008 hit everyone hard of that there is no doubt and Inside Job seeks to understand the causes of this from how the crisis came about to who was responsible and what is being done to try and bring those people to justice. The overawing feeling whilst watching this movie is one of disgust, frustration and anger at the people who instigated the downfall of so many companies and who led to the destruction of so many lives both in America (and outside its boarders).
During multiple interviews the offenders are at a loss of what to say and even though they do not say what they believe, it is obvious that they are merely recalling fixed statements of denial or are actually stumped at ways in which to answer the questions without incriminating themselves. It also shows the conflict of interests of the 'expert academics' who are supposed to be independent and yet gain the majority of their income from the financial sector.
The director Charles Ferguson must be credited with making the seemingly complex world of cooperate finance easy to understand by introducing simple clear diagrams and visuals to help break down the barriers that could lead to confusion.
The film does skimp a bit on a point that I would have been most interested in. Why did the governments fail so spectacularly to enforce these fraud claims and why still is nothing being done? This if anything adds to the emotion that you feel when it becomes obvious that the players have not only escaped charges but are better off for it and still have extremely high power positions.
Overall this documentary got me reeling at the world of Wall Street with the most disturbing thing being that what they did was and still is considered legal and not criminal. Would you do the same thing though if the shoe was on your foot instead? You would like to think not but in this greed led world, it seems anything is possible
It is seldom that Wall Street (if ever) provided us with such an intricate and out of the world financial engineering that movies and after movies could now be made to commensurate the 2008 financial catastrophe. No one fully understood the plots behind the many stories and the realities that all the very top people had been saying. What we all in the world understand is that we have become poorer as a whole and as a result of it (with the exception of some insiders). True or false? You decide! … more
If you take Matt Damon's word for it (he's the narrator for the vastly overrated INSIDE JOB), then you'd quite possibly find your personal income regulated. That's right: the actor who makes about $10 million dollars per picture (plus some back-end residual income, no doubt) may think you're making too much money, and he'd rather have the government step in to make sure that you're not making more than your fair share. A guy who gets paid serious scratch for … more
It's a documentary format kind of film and you'd have to be very interested in the 2008 financial meltdown to enjoy this film. Or, if you are working or had worked in the financial industry, then this will definitely interest you. The film may have addressed what went wrong, but it has not quite demonstrate how the financial world has changed since then. Those working for Goldman Sachs, Citigroup, Morgan Stanley, etc, etc, are still making huge bonuses after their irresponsible practices … more
You approve a bunch of subprime mortgages, package those loans together into a CDO, then pay to get your CDO a “AAA” rating. Then you sell that CDO to a retirement fund, and take out a policy with AIG… Ok, I lost you. Let me try again. You buy a bunch of dogmeat. Then you pay somebody to label it prime rib. So you sell it as prime rib, and make big bucks, because dogmeat is cheap, but prime rib is expensive. That’s bad enough. … more
From Academy Award® nominated filmmaker, Charles Ferguson (“No End In Sight”), comes INSIDE JOB, the first film to expose the shocking truth behind the economic crisis of 2008. The global financial meltdown, at a cost of over $20 trillion, resulted in millions of people losing their homes and jobs. Through extensive research and interviews with major financial insiders, politicians and journalists, INSIDE JOB traces the rise of a rogue industry and unveils the corrosive relationships which have corrupted politics, regulation and academia. Narrated by Academy Award® winner Matt Damon, INSIDE JOB was made on location in the United States, Iceland, England, France, Singapore, and China.