Plot :- Directed by Charles Ferguson, Inside Job is a documentary movie. It's all about the financial crisis of 2007-2010 and the movie is made in US, Iceland, France, Singapore and China etc. In financial terms, the crisis of 2008 was the worst one and millions of people had to face the worst recession ever. It caused them to lose their jobs and even homes as well. What was behind it all, Inside Job depicts. The movie has got interviews with politicians and journalists etc. You ought to watch Inside Job movie in order to get to know the reality behind the scenes.
Three people (of depressingly many) who need to go now that Summers is leaving:
Tim Geithner, Treasury Secretary
Geithner did nothing to stop the excesses of the bubble as president of the New York Fed. When the crisis arrived, not only did he help force AIG to pay Goldman Sachs and the European banks every penny for their credit default swaps, he also forced AIG to surrender its right to sue later for fraud. Now, in the Obama administration, he has fought to prevent Elizabeth Warren from being appointed head of the consumer protection agency she helped create.
William C. Dudley, President of the New York Federal Reserve
Dudley is Geithner’s successor at the New York Fed. His previous job was chief economist of Goldman Sachs for the entire period of the bubble and the crisis. If you would like to read an excellent piece of fiction, you can try the 2004 paper he co-wrote with Glenn Hubbard (chief economic advisor in the Bush Administration, now dean of Columbia Business School). The paper is called “How Capital Markets Enhance Economic Performance and Facilitate Job Creation,” and it extols the wonders of financial derivatives and securitization, asserting that they reduce financial volatility and the severity of recessions.
Mary Shapiro, Chairwoman of the SEC
Mary Shapiro’s previous job was chief executive officer of FINRA, the investment banking industry’s self-policing body. Now she’s in charge of enforcing the securities laws. Neither she nor FINRA did anything at all to stop the many forms of malpractice epidemic in the investment banking sector during the bubble. Since she took office, the SEC has brought only a handful of marginal cases against the people and firms responsible for the crisis.
Charles Ferguson is the director of “Inside Job,” a documentary about the financial crisis, that is opening Friday. He is the writer and director of “No End in Sight,” a documentary about the U.S. occupation in Iraq, which was nominated for an Oscar in 2007.
**The film that cost over $20,000,000,000,000 to make**
“A crime story like no other in history.”
“If you’re not enraged by the end of the movie, you weren’t paying attention.”
“Stunning!” “Will stand as a definitive investigative primer on the disaster.”
“A very angry, very carefully and brutally clear documentary about how the American film industry set out deliberately to defraud the ordinary American investor.”
“A powerhouse that will leave you both thunderstruck and boiling with rage.”
“A masterpiece! Scarier than anything Wes Craven and John Carpenter have ever made.”
THE GLOBAL ECONOMIC CRISIS ON 2008
COST TENS OF MILLIONS OF PEOPLE THEIR SAVINGS, THEIR JOBS, AND THEIR HOMES
THIS IS HOW IT HAPPENED.
Indiewire is reporting that Inside Job, Charles Ferguson’s Wall Street expose, and one of the best films of 2010, is already doing well at the box office already, joining the ranks of Waiting for Superman and Catfish as the year’s biggest money makers in the doc category.
Meanwhile, Forbes’ Magazine’s Robert Lenzer wrote a few days back:
Larry Summers. Tim Geithner, Bob Rubin, Hank Paulson, Alan Greenspan, Ben Bernanke refused to make voluntary appearances in the documentary film on Wall Street’s collapse, which gets my vote for the Oscar documentary. Sadly, documentary film makers don’t have subpoena power. These Masters of the Universe were skewered anyway by a film that is a gripping, must-see narrative of the financial meltdown. Good on Sony Classic for giving the filmmakers total control over their product. The purity of the film’s narrative is impressive.
‘Inside Job’ is a comprehensive , exhausting series of ethical and sometimes illegal actions that casts Wall Street in a very dim light. It is the real thing– not a fictional concoction from Hollywood like “Wall Street-Money Never Sleeps” –which is more Barnum & Bailey fantasy than a non-fiction-though clearly biased — documentary. I left Lincoln Center last night inspired by the muckraking and furious that no-one has gone to jail. The audience definitely wanted blood and gave the director Charles Ferguson a standing ovation– more than Oliver Stone will ever get for his cinematic mess.
A must-see. And anyway, wouldn’t it be great if this was the film that cracked Oscar’s Best Picture ten? If an animated film can do it, why can’t a documentary?
New Yorker’s David Denby:
The documentary “Inside Job,” written and directed by Charles Ferguson—who made “No End in Sight,” the best of the nonfiction movies about the Iraq war—doesn’t replace any of those works, but it provides the most comprehensive brief narrative of the causes of the crisis (which was set in motion well before that homeowner in Stockton signed a piece of paper). Many documentaries are good at drawing attention to an outrage and stirring up our feelings. Ferguson’s film certainly does this, but his exposition of complex information is also masterly. Indignation is often the most self-deluding of emotions; this movie has the rare gifts of lucid passion and informed rage.
Charles Ferguson is one of the self-appointed truth-tellers – someone whose mission it is in life to bring information to the general public. And what information it is this time around with Inside Job, the story of the most disgraceful case of corruption amid trusted American financial institutions ever perpetrated against the public. The funny thing is – it happened. We all know it happened. Not even right wingers can excuse the injustice of the corporations like AIG and Goldman Sachs robbing people blind and walking away with millions stuffed in their pockets. Our government did nothing. They need to dig for that bone harder. We are such a numbed out nation with our minds on whether or not Angelina and Brad are fighting we haven’t been carrying torches and pitchforks and demanding these criminals go to jail. No, we just take it. And we take it.
Please sir, may I have another?
Inside Job lays out the criminal activity, the corporate greed, the unforgivable way poor people were led to believe that they were able to afford a home for the first time ever. They are foreclosed on, forced to move god knows where, and they’re stuck with a bill they can’t pay back – all so that some morally bankrupt piece of shit in a suit could profit off of their bad luck.
No one can watch Inside Job and not feel palm-sweating anger. This was clearly Ferguson’s intent; this isn’t a Frontline piece – this is activism, direct and exacting. An Oscar nomination for this film would hopefully bring more awareness — a silly concept considering this has been covered in the press continuously — to the need for direct action and reform.
Bill Clinton gets a blow job in the Oval Office and suddenly the American government shuts down and it’s considered the biggest scandal of his presidency. America is suddenly up in arms against our philandering Pres. But this? Oh, this is nothing – just more of the same. The rich get rich and the poor stay poor.
Besides the message in Ferguson’s film, it is well made – beautifully filmed, and gets more intense as more information is revealed. Most telling of all are those who refused to talk to Ferguson — they prefer to keep their mouths shut: don’t ask, don’t tell, turn on Dancing with the Stars.
I put Inside Job up there as one of the best films I’ve seen here at Cannes. I have given up trying to predict what the doc branch will do – so I can’t even venture a guess. Although I get his point, I don’t think Ferguson needs the last shot in the film, which I won’t spoil for you. I feel like it guilds the lily. No need. But yeah, point taken.
"Inside Job," as the movie title implies, sees the 2008 financial meltdown, its causes and ongoing catastrophic consequences, as the work of crooks. Crooks as in members of the financial services industry. Aided and abetted by ... administrations of both political stripes, ratings agencies and regulators, all of whom were committed to an ideology that enabled larceny on a grand scale. The documentary, written, produced and directed by Bay Area high-tech entrepreneur turned filmmaker Charles Ferguson, opened in Bay Area cinemas [on October 22]. Even if you've read through the growing pile of books, congressional hearings and material generated by the Financial Crisis Inquiry Commission, it has plenty to remind you why you are furious, all over again. If further proof is needed, the film effectively demolishes the "who knew?" argument proffered by Goldman Sachs Group CEO Lloyd Blankfein and his peers. And it makes a convincing case that much of the obscenely compensated financial services industry has been rotten to the core for decades, but is yet to be held truly accountable for activities, both immoral and illegal.
Note: For lots more from reliable sources on the criminal practices of the largest financial corporations and regulatory agencies which led to the current economic crisis, click here READ MORE: www.wanttoknow.info/bankbailoutnewsarticles .
Interview with Charles Ferguson, director of 'Inside Job'
by Chris in Paris on 12/05/2010 05:08:00 PM
If you haven't had a chance yet to see Inside Job, really make the effort to see the film. We went to see it last night and while it was in a smallish room, the seats were pretty full. Inside Job was very well done and in my opinion, does a brilliant job of putting the pieces together from the economic crisis. What's frustrating is that both parties (as I've said many times) are part of the problem. Even more frustrating is the same old path to nowhere that President Obama has followed with these people. I expected much better from him but when he chose Geithner and Summers, it was immediately clear to me that this administration would not break with the past, but churn out more of the same. That was and is highly depressing since this was supposed to be about change.
I recently blogged about Ferguson's blog on the Huffington Post where he wrote about the American duopoly. As unfortunate and annoying as it is that both parties are part of the problem (from Reagan, to Clinton, to Bush and now Obama) Ferguson does have hope that the public will stand up and force change. I'd like to be optimistic on that but for now, I don't see it any time soon. In all likelihood the system will see yet another jolt since the underlying problems have not been addressed. Will that be in a year, two years, five or ten? It's only a matter of time and yes, the next banking crisis will surely be much worse since the "too big to fail" problem has only been made larger thanks to actions by Bush/Paulson and then Obama/Geithner. Maybe change will happen at that time.
As for the film, I was glad to see Ferguson make that point that has bothered me since the beginning which is that not a single person in Washington has ever asked Wall Street to pay back the bonuses that they received on bogus business. It's an unusual practice in business to not have to pay back compensation that didn't exist or was removed from the books yet Washington approved this strange behavior. It's also odd that none of the big boys on Wall Street - and yes, this is a macho, mostly male culture of corruption - have been prosecuted. How do we see trillions disappear yet nobody was guilty? Oh how I recall Bill Clinton defending Goldman Sachs just recently.
Another excellent side of the problem that Ferguson addresses is the dysfunctional link between economists in Ivy League (and beyond) schools and the government justification of Reaganomics that destroyed the economy. For every Roubini or Stiglitz, there are many more Summers or Frederic Mishkin types, for both Democrats and Republicans. These high profile professors provide cover thanks to enriching themselves with flowing dollars from Wall Street. Conflict of interest? Of course, but that's the modern banking system.
Inside Job: Best Documentary Oscar Winner Notes Nobody Has Served Jail Time For Financial Meltdown
10:38 pm, February 27th, 2011
As of this evening, Charles Ferguson is no longer just a documentary filmmaker, he is now a Academy Award winning documentary filmmaker for his film Inside Job. The film focused on the connections between the government and financial institutions that led to insane levels of profit-taking which endangered the global economy. Mr. Ferguson will also be known for creating perhaps the most entertaining and contentious moment during a thus far lackluster Academy Awards when he pointedly noted that no one has gone to jail for the financial misconduct.
It was the first quasi-political moment In a broadcast that has been remarkably devoid of any controversial comments (and pure entertainment value) and one that will surely be noted in the days of recap coverage that will come in the following days.
Subj: Matt Stoller: A Very Political Oscars – “Not a single executive has gone to jail
Charles Ferguson, Inside Job : “Forgive me, I must start by pointing out that three years after our horrific financial crisis caused by massive fraud, not a single financial executive has gone to jail and that’s wrong.” no need to forgive..I applaud him.
Inside Job Director Charles Ferguson With Charlie Rose: "It's A Wall Street Government"
Interview was recorded Friday, two days before the Oscar win for Inside Job.
PBS Video - Director Charles Ferguson with Charlie Rose - Feb. 25, 2011
¡"The systemic corruption of the United States by the financial services industry..." Though he's cognizant of the fraud, with measured stupidity Ferguson also buys into the Kanjorski-Paulson martial law, blood-in-the-streets, 17th-century-you'll-be-milling-your-own-wheat fear mongering, which as we've detailed and proven on multiple occasions was nothing more than highly granulated hyperbole meant to frighten a financially illiterate Congress and media corps into gentle acquiescence to the demands of their Sith Lords.
From Academy Award®-nominated filmmaker, Charles Ferguson, 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. Rated PG-13 by the Motion Picture Association of America for some drug and sex-related material.DVD is out for rental or purchase