Saw this documentary yesterday. It was a fairly comprehensive telling of the events and factors leading up to the financial crisis. Not as biting as I'd like to have seen but considering the amount of material the movie had to cover and the complexity of the subject matter - it was pretty effective at teaching...which was its true purpose. And it did so with very straightforward and clear graphs and charts that tell much more than words can. Although I can't say it told me or anyone else who frequents this site anything we didn't already know.
The weakest part of the movie was the interviews. Noone that matters would be interviewed for the movie and those that did weren't that interesting. I was a bit turned off by the attempts to get gotcha moments out of those that were interviewed. They couldn't get Geithner so they attack Mishkin.
It made a fairly effective case that the foxes are still guarding the henhouse and how the Big Banks are even bigger since Sept 2008. And of course reminded me that we never saw any kind of substantive investigation into characters like Angelo Mozilla or Goldman profitting from bets against the very instruments that it sold. It also pulled back the veil on how much money Wall Street gives to the "leading universities" and the ecomics professors (in the form of consulting fees) - and makes an effective argument that the economics discipline is being corrupted.
All narrated by the comforting voice of Matt Damon (he's wicked smaht)
On the whole I didn't enjoy it nearly as much as "The Smartest Guys in the Room" (re: Enron) which I walked out of with a clear sense of audacity due to adept storytelling. Inside Job viewed more like a PBS Bill Moyers piece which is not a bad thing. I'm just not sure I needed to pay $12 to see it. It did however leave me scratching my head pondering how mess the financial world was on edge of utter destruction and only two short years later it seems like business as usual...
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Saw this documentary yesterday. It was a fairly comprehensive telling of the events and factors leading up to the financial crisis. Not as biting as I'd like to have seen but considering the amount of material the movie had to cover and the complexity of the subject matter - it was pretty effective at teaching...which was its true purpose. And it did so with very straightforward and clear graphs and charts that tell much more than words can. Although I can't say it told me or anyone else who frequents this site anything we didn't already know.
The weakest part of the movie was the interviews. Noone that matters would be interviewed for the movie and those that did weren't that interesting. I was a bit turned off by the attempts to get gotcha moments out of those that were interviewed. They couldn't get Geithner so they attack Mishkin.
It made a fairly effective case that the foxes are still guarding the henhouse and how the Big Banks are even bigger since Sept 2008. And of course reminded me that we never saw any kind of substantive investigation into characters like Angelo Mozilla or Goldman profitting from bets against the very instruments that it sold. It also pulled back the veil on how much money Wall Street gives to the "leading universities" and the ecomics professors (in the form of consulting fees) - and makes an effective argument that the economics discipline is being corrupted.
All narrated by the comforting voice of Matt Damon (he's wicked smaht)
On the whole I didn't enjoy it nearly as much as "The Smartest Guys in the Room" (re: Enron) which I walked out of with a clear sense of audacity due to adept storytelling. Inside Job viewed more like a PBS Bill Moyers piece which is not a bad thing. I'm just not sure I needed to pay $12 to see it. It did however leave me scratching my head pondering how mess the financial world was on edge of utter destruction and only two short years later it seems like business as usual...