Producer/director Charles Ferguson (No End in Sight) speaks at length with journalists, politicians, and financial insiders in order to offer a clearer picture of the economic meltdown that hit America starting in 2008. Academy Award winner Matt Damon narrates this unflinching look at the deep-rooted corruption that has left millions of middle-class Americans jobless and homeless as the major corporations get bailed out while paying millions in bonuses.~Jason Buchanan
The making of Inside Job
Commentary with director Charles Ferguson & producer Audrey Marrs
Alex HeffesComposer (Music Score)
Kalyanee MamAssociate Producer
Christina Weiss LurieExecutive Producer
Jeffrey LurieExecutive Producer
Abigail SavageSound/Sound Designer
Rich BolognaSound/Sound Designer
Documentary, Special Interests
Finance & Investing [nf],Social History [nf],Tragedies & Catastrophes [nf]
This film won the Oscar for Best Documentary for 2010 and once you view it, you will agree.
Matt Damon narrates on what caused the collapse of Wall Street back in 2008. Greedy banks pushed for deregulation which allowed them to gamble more money on the market than what they could afford. They increased the risks by accepting mortgages from homeowners who could ill afford paying the monthly mortgages just so they could make profits on the commissions on the processed loans. They then sold these bad loans to investment firms (retirement funds, pensions and unions) and insured them with AIG because they knew the loans were bad, making even more profits.
The whole scheme collapsed when the investment firms got wise to the banks crooked deals and no one could sell the bad loans to anyone so everyone took trillions in severe losses (wiping out pensions, retirement funds and investment firms, devaluing the overall housing market) and ended up with the government bailing them all out on our dime.
The ominous end shows that while President Obama wanted to reregulate the banks, the current majority in the Senate and House (who are sponsored by the banks) rejected the laws. Meanwhile, banks are pushing even for more deregulation to further their profits.
If at the end of this movie you are not disgusted and enraged on what caused our economy to tank and to cause our government to go into severe debt, you only have yourself to blame when this happens again...
These are some of the emotions you will feel while viewing this film and upon reflection afterwards.
The worse part of it is: it's not over. The foxes are in charge of guarding the henhouse!! The architects and engineers of this financial heist have positioned themselves throughout our government, academia and industries to aid and abet the next one!!!
I don't know what we can do to save ourselves from these robber barons, but we're in deep, deep doo-doo.
I would recommend this to a friend
Rating 5 out of 5 stars with 1 review
Excellent movie that portrays the market crash
This movie did a great job explaining the effects of deregulation and the other items that caused an economic downturn in 2008. I would recommend this movie to anyone that meets the appropriate age requirements