Inside Job

Story of Movie:

The global financial meltdown that took place in Fall 2008 caused millions of job and home losses and plunged the United States into a deep economic recession. Matt Damon narrates a documentary that provides a detailed examination of the elements that led to the collapse and identifies keys financial and political players. Director Charles Ferguson conducts a wide range of interviews and traces the story from the United States to China to Iceland to several other global financial hot spots.

It won an academy award for best documentary in 2010.

Its a Documentary about how Wall Street misbehavior created expectations in the financial market and led to the worst recession since the 1930s. This is the second film directed by Charles Ferguson, the first being ,No End in Sight, a similar indictment of the Bush administration. Ferguson cites Wall Street culture and six-man arrogance as the cause of the financial crisis. The project began in Iceland, where deregulation of the financial system in the 1990s led three banks to accumulate assets almost ten times as much as the country's small businesses.

By the middle of the film it becomes clear that Iceland is a microcosm of global problems. Unregulated banks accumulated assets by paying themselves huge bonuses through toxic loans and other means.It is one of the most difficult documentaries ever created. And this is undoubtedly Ferguson's goal. This criticizes Wall Street leaders, credit unions, and especially regulators who responded to the crisis.

It includes interviews with International Monetary Fund Managing Director Dominique Strauss-Khan, Congressman Barney Frank, former New York Attorney General Eliot Spitzer and others. Ferguson traces the bank's transformation from a small, local service to a runaway enterprise. He did not hesitate to criticize every president since Ronald Reagan in the 1980s. Ferguson believes that despite what people think, there are still many people in the financial world warning of the coming crisis. Ben Bernanke, Alan Greenspan and Timothy Geithner ignored the signs of impending disaster.

Not to mention Treasury Secretary and former Goldman Sachs CEO Henry Paulson. The Inside Project believes that government regulators are as much to blame for the collapse of the system as the leaders of Goldman Sachs, Lehman Brothers, and Bear Stearns. Even more troubling is the changing nature of Wall Street and government agencies.

As banks become increasingly deregulated, speculation has become increasingly problematic. Derivatives, credit default swaps, and complex trading schemes that most people do not understand led to the collapse of Lehman Brothers, sending shockwaves through financial centers around the world. Within weeks, credit agencies such as Moody’s and Standard & Poor’s gave companies such as Bear Stearns, Lehman Brothers, and Morgan Stanley A ratings—and then nearly lost them.

And have one of their top brass appear before a congressional committee and tell members of Congress that their measures are just theory.Clearly, this is not the problem that arose during the housing boom early in President George W. Bush's second term. Instead, it is an accident driven by the neoliberal ideology espoused by the Ivey Alliance School of Economics. Inside Job is the story of a banker who is more interested in collecting bonuses and making more money than providing the basic services he deserves. Even more disturbing is that many of the key people behind this crisis are now on Barak Obama's staff.

The movie gives us a bitter pill to swallow. As Ferguson points out, Wall Street returned to normal and no federal charges were brought against anyone who committed the crime. One of the most dangerous cases in the movie was recently revealed by banks with a simple "duh!" The Inside Job helps explain many difficult concepts, such as equipment and insurance, that may confuse those unfamiliar with the business world. This is important for all citizens concerned about our collapse to see.

I am always looking for two things on an economic disaster,A better understanding, and a means of explaining it better to others. This film delivers in both counts.For me, the key sequence came when the graphics, under solid narration, illustrated how 3rd tier investors were placing bets on bets.I always knew this was happening, but the film made it very clear. That was the break point (in my analysis of the problem).The film was nearly void of political leanings, which made it an important contribution.

Interior Design by Charles Ferguson is powerful, honest and emotional. The leader has gone to great lengths to undo the complex financial crisis that caused millions to lose their jobs, homes and savings. If you're thinking of skipping this one because it sounds boring, think again. 

The fact that most of the causes of bankruptcy are civil, not criminal, shows that the financial sector is run by moral nihilists who will use all laws over the bridge to line their pockets. Do you mean human nature? Then bring back the strict rules that made businesses eligible to participate in the successful four years of deregulation that preceded the Reagan era. School bullies need attention.

America's private and public finance bubble has been punctured by the collapse of Lehman Brothers and AIG. Banks were put in a gigantic ,too big to fail situation; protectionism is limited; Larry Summers earned $20 million as a hedge fund advisor. The CEO of Lehman Brothers received 485 million and the CEO of AIG received 315 million. Chairman Stan O'Neal was fired from Merrill Lynch, leaving him with a $161 million severance package.

When loans are packaged and sold to financial institutions, borrowers do not expect the loan to be repaid. Goldman Sachs, Lehman and Merrill Lynch are players. 

There's never enough: penthouses in the park, private jets (six at Lehman alone), hotels, art supplies, chauffeurs, private elevators, drugs, alcohol, strip bars, and prostitution—not far from the merchandise trade Owner 10,000 counter. customers' men. It's not a guide for investors The biggest scandal is corruption in companies that train business experts at the school.

Glenn Hubbard, director of Columbia Business School, received $250,000 as a MetLife board member. Larry Summers returned to Harvard and continued to earn consulting and lecture fees. The presidents of Harvard and Columbia declined to comment. You will appreciate the honesty of Raghuram Rajan, who issued a strong warning, and of French Finance Minister Christine Lagarde, who expressed her disgust at the disaster. In the past, respect for education was considered the spirit of freedom.

Now they have been reduced to interchangeable products in a complex chain of industry/government/university connections. Thank you to Charles Ferguson for his wonderful research and thank you that we still have free investigative news to wake up our sleepy citizens.

The only part that bothered me is that Congressman,Barney Frank was framed as an expert looking back with wisdom on the ill-conceived passage of the Commodity Futures Modernization Act of 2000, and, behold! Barney Frank voted for it. It would be better to interview all 4 Congressmen who voted against it: Ron Paul, Nick Smith, Gene Taylor and Peter DeFazio.

How's that for Bipartism opposition? It took me 10 minutes to confirm these names, and I'm not even making a movie.It is significant that a continuum of hoodlums are seen on the podium with a continuum of Presidents: Regan through Obama. The infestation of their ilk into the Political World is there for all to see.