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Inside Job (2010)

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Takes a closer look at what brought about the 2008 financial meltdown.

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Won 1 Oscar. Another 7 wins & 26 nominations. See more awards »

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Cast

Cast overview, first billed only:
...
Himself - Narrator (voice)
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Himself - Professor of Economics, University of Iceland
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Himself - Writer & Filmmaker
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Herself - Special Investigative Committee, Icelandic Parliament
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Himself - Former Federal Reserve Chairman
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Himself - Managing Director, International Monetary Fund
...
Himself - Chairman, Soros Fund Management
...
Himself - Chairman, Financial Services Committee
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Himself - Under Secretary of the Treasury, Bush Administration
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Himself - Chief Lobbyist, Financial Services Roundtable
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Himself - Chief Adviser, China Banking Regulatory Commission
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Himself - Prime Minister, Singapore
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Herself - Finance Minister, France
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Herself - U.S. Managing Editor, The Financial Times
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Himself - Professor, NYU Business School

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Storyline

'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 Anonymous

Plot Summary | Plot Synopsis

Taglines:

The film that cost $20,000,000,000,000 to make See more »

Genres:

Documentary | Crime

Motion Picture Rating (MPAA)

Rated PG-13 for some drug and sex-related material | See all certifications »

Parents Guide:

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Details

Official Sites:

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Release Date:

12 November 2010 (USA)  »

Also Known As:

Trabajo confidencial  »

Filming Locations:

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Box Office

Budget:

$2,000,000 (estimated)

Opening Weekend:

$39,649 (USA) (8 October 2010)

Gross:

$4,311,834 (USA) (29 April 2011)
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Company Credits

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Aspect Ratio:

2.35 : 1
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Did You Know?

Trivia

On being interviewed about this film, Henry Rollins likened Charles Ferguson's interviewing technique to "tightening the screws little by little until the interviewee starts to say "Ow.....ow.....ow and then, Stop the camera!" See more »

Goofs

The first time Dominique Strauss-Khan's name is shown, it is misspelled. 'Dominique' is written 'Dominque', and 'Strauss-Kahn' is written 'Straus-Kahn'. See more »

Quotes

Henry Paulson: We're gonna keep growing. Okay? And, obviously, I'll say it: 'If you're growing, you're not in recession, right? I mean, we all know that.'
See more »

Connections

Referenced in Ebert Presents: At the Movies: Episode #1.8 (2011) See more »

Soundtracks

New York Groove
Written by Russ Ballard (as Russell Ballard)
Performed by Ace Frehley
Courtesy of The Island Def Jam Music Group
Under license from Universal Music Enterprises
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User Reviews

 
"Inside Job" is a stunning analysis of the greed that caused the Wall Street crash.
7 November 2010 | by (United States) – See all my reviews

Charles Ferguson's "Inside Job" is strong, fair, and rational. The director tries mightily to untangle the complex architecture of the financial meltdown that has cost millions their jobs, their homes, and their savings. If you consider skipping it because it sounds boring, please think again. My blood is still boiling.

Why does this documentary leave us sunk in despair? Because it confirms the certainty that there is no one left we can trust. The fact that much of what brought the economy to its knees was legal, not criminal, signals a financial sector run by ethical nihilists who will pursue every legal loophole to enrich themselves. Human nature, you say? Then bring back the stringent regulation that gave the industry forty years of reasonable corporate success before Reagan era deregulation. The schoolyard bullies need supervision.

America's bubble of private gain and public loss was pierced by the collapse of Lehman Bros. and AIG. Banks merged into "too big to fail" behemoths; safeguards were overturned; regulation of derivatives was banned; This vacuum quickly filled with money laundering, defrauding of customers, cooking the books, and stuffing of the pockets of top officers with money. Larry Summers took 20 million as adviser to a hedge fund. Lehman's CEO took 485 million, the CEO of the failing AIG 315 million. Fired by Merrill, CEO Stan O'Neal departed with a severance bonus of 161 million.

When Mortgages were bundled and sold to the bloated investment banks, lenders no longer cared if they were repaid. Goldman, Lehman, and Merrill were all players. Summers, Bernanke, and Geithner all stood against corrective measures and would play pivotal roles in the Obama administration.

Absent limits on the impulsive risk takers, Wall Street plunged into personal pleasure. There was never enough: penthouses on Park, private jets (six for Lehman alone), vacation homes, art collections, drivers, private elevators, drugs, alcohol, strip bars, and prostitution - one private supplier within spitting distance of the stock exchange counted 10,000 men among her customers..

Three ratings agencies made fortunes bestowing unwarranted ratings right up to two days before Lehman failed, later testifying before congress that these were merely "opinions", not guides for investors. The crowning disgrace is the corruption of the universities. Business school professors consult with companies. Glenn Hubbard, dean of Columbia Business School, takes $250,000 as a board member of Met Life. Larry Summers, back at Harvard, continues to rake in consulting and lecture fees.

The presidents of Harvard and Columbia refused comment. You will appreciate the honesty of Raghuram Rajan who wrote strong warnings and French Finance Minister Christine Lagarde, who spoke with disgust of the debacle.

It used to be that respected academics could be counted on to be the conscience of democracy. Now they are reduced to being interchangeable components in the conflict of interest chain that links business/government/university. Credit Charles Ferguson with a superb investigation and give thanks that we still have a free investigative press to wake the sleeping citizenry.


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