The global financial meltdown, at a cost of over $20 trillion, resulted in millions of people losing their homes and jobs. Inside Job traces the rise of a rogue industry and unveils the relationships which have corrupted politics, regulation, and academia.
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The films and documentaries on economic corruption continues to grow: from Enron, Wall Street, The Corporation, Rogue Trader, The Wolf of Wall Street, Margin Call, The Big Short, Chasing Madoff, Inequality For All, Too Big To Fail, Capitalism: A Love Story, Boiler Room and this, just to name a few. This is not some isolated 'bad apple' scenario, it is endemic. It's okay to have a problem with it.
Matt Damon narrates Charles Ferguson's documentary about how deregulation of the finance sector allowed corporate greed to cause the global financial crisis of 2008. And those responsible were not only not brought into account for their actions but most of them still hold key positions in Obama's administration and in the private finance sector. Very chilling indeed!
Another film that my business risk management class assigned me to watch. How the film explain the issues by dividing it into 5 parts makes it easier to comprehend. In addition, the graphs and illustrations also give a better understanding about the issues. To sum it up, the explanation about 2008 financial crisis is packaged into a well-directed documentary.
I'm on a bit of a doco roll at the moment. Here we have a pretty decent insight into the global financial crisis, loan incentive schemes, executive bonuses and general hand-balling of debt responsibility via negative gearing. Narrated by Matt Damon, interesting viewing. 3.5 stars
« Big Money goes around the world
Big Money underground
Big Money got a mighty voice
Big Money make no sound
Big Money pull a million strings
Big Money hold the prize
Big Money weave a mighty web
Big money draw the flies »
Was I the only one thinkin of this Rush song once the movie was finished?;)
-sigh- Goddammit! I really don't see an end to the Wall Street culture. When one terrible/evil CEO leaves, another one below him takes his place. It's going to be a sad day when the middle class essentially disappears in America.