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Documentary Inside Job a frightening account of current financial crisis

Paul Brinnel

Issue date: 11/19/10 Section: Focus
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Henry Paulson, Ben Bernanke, and Timothy Geithner are among the many interviewed in Charles Ferguson's documentary Inside Job, which details the U.S.'s current financial crisis.
Henry Paulson, Ben Bernanke, and Timothy Geithner are among the many interviewed in Charles Ferguson's documentary Inside Job, which details the U.S.'s current financial crisis.
[Click to enlarge]
Director Charles Ferguson has possibly made the scariest film of the year. It has no monsters, no twists, an incredibly linear narrative, and a PG-13 rating. This withstanding, Ferguson's new documentary, Inside Job, is truly terrifying. Its simple tagline attempts to prepare its viewers: "The global economic crisis of 2008 cost tens of millions of people their savings, their jobs, and their homes. This is how it happened."

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.
Continued...
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    Sena

    Sena

    posted 11/20/10 @ 10:28 AM EST

    We should organize a movement - STOP paying your mortgage until responsible from gov/wall street face crimanal charges and go to jail!
    Otherwise, we are on the complete road to disaster and chaos, our kids future has been spent already!

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