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'Inside Job' provides a comprehensive 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, the film traces the rise of a rogue industry which has corrupted politics, regulation, and academia. It was made on location in the United States, Iceland, England, France, Singapore, and China. Written by
About 30 people at the 7PM show in the Music Box theater in Chicago last nite, and I was one of them.
I am always looking for two things on this economic disaster: 1) A better understanding, and 2) 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.e., that's what derivatives are. 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. 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. [2 from each Party! 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 Prsidents: Regan through Obama. The infestation of their ilk into the Political World is there for all to see.
Please see this film any way you can, and lock it in!
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