- Title: Inside Job
- Duration: 105 min.
- Country: United States
- Director: Charles Ferguson
- Script: Charles Ferguson, Chad Beck, Adam Bolt
- Year: 2010
- Trailer: https://www.youtube.com/watch?v=FzrBurlJUNk
- Synopsis: 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.
'Banking and Finance' in the film
'The global economic crisis of 2008 cost tens of millions of people their savings, their jobs, and their homes'
'The global economic crisis of 2008 cost tens of millions of people their savings, their jobs, and their homes'
This film is structured in five parts that track very well the story:
1. How did we get here?
2. The bubble.
3. The crisis.
4. Responsibilities.
5. Where are we now?
Scene 1: 19:20-21:00
The deregulation allowed to launder money and could falsify the accounts of
a much easier way, did not have to overcome many obstacles.
'We will continue to grow'
'The recession had actually started four months before Paulson made this statement'
Scene 2: 59:00-1:00:00
They knew the situation but tried to hide it until the end. Perhaps they
could have diminished the consequences of the crisis or the domino effect.
Personal
commentary
Inside Job, it makes clear the modern history of the financial American industry. It explains also the movements "swindlers" of the big investing signatures of the capital, his executives and the relation and incorporation of these, in the political system. Accompanied all this from interviews to high political, managerial charges..
ReplyDeleteThis documentary reflects the financial crisis that the US has been suffering in these recent years and that has affected the entire world. What has impressed me of Inside Job has been the great deregulation of the financial sector where the big rating agencies put the qualifications that suited best to them. In addition, I am struck by the large indebtedness of financial institutions and the little supervision that there was. Finally, it highlights the great convenience of political powers in financial markets. This makes me think about how the decisions of a political, financial system and their fragility affect the whole world.
ReplyDeleteThe film perfectly illustrates the issue of conflict of interest or rather the point of how in the end nobody sees or wants to see how obvious it is that conflict of interest literally incapacitates to adopt decisions that respond to the general interests of taxpayers or clients. Only decisions that suit those who take them are adptan. But I recognize that the case of university professors seems especially worrisome for what it means. In Spain what Fernando says is true but in my opinion the real problem is not so much that but the increasingly worrying ignorance and lack of preparation of the politicians that puts them in the hands of the first lobbyist who arrives ... or even some smart journalists as the case of the popular MEP showed us.
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