Documentary Inside Job a frightening account of current financial crisis
Issue date: 11/19/10 Section: Focus
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The film itself fulfills its promises, offering an unabashed and often absurd account of how systematic incompetency has hurt such a vast number of human beings. That said, this is not a Michael Moore approach to muckraking. Ferguson is clear that his film isn't about pitying victims; rather, it is an exposé focusing solely on the perpetrators of this unprecedented villainy.
The film opens, oddly enough, with a sort of case study, highlighting Iceland's recent experiment with the privatization and deregulation of their financial sector. Ferguson has chosen to start his film with an inarguable case of cause and effect, one where a series of familiar poor choices has led to directly observable problems. This eases the viewer into understanding specific policy problems and establishes a base line before Ferguson breaks out the real nitty-gritty; it's this kind of prowess in translation where Inside Job really shines. Essentially, it's no more than a two-hour seminar on applied macroeconomics, but because of its effective presentation, any layman can fully understand and absorb everything as it is presented.
Over the course of the film, Ferguson interviews financial executives, academics, journalists, courtesans, and many key consultants to private banks and the Federal Reserve. Each interview starts with a friendly tone, Ferguson probing for objective explanations to complex problems.