“Inside Job” Is a Must See
By Matthew Rothschild
Editor of The Progressive
November 20, 2010
You’ve got to go see “Inside Job,” the documentary about how Wall Street brought down our economy.
Written and directed by Charles Ferguson and narrated by Matt Damon, it explains, step by step, each of the reckless and swindling moves that Wall Street investment bankers made with such devastating results.
Far better than Wall Street II, which was incomprehensible as far as the scandal goes, “Inside Job” explains this complex story in a clear and easy to follow manner that most high school students could understand.
It documents how the CEOs of the largest investment banks in the country gambled on housing derivatives that they knew were highly risky, misled investors about those risks, and made out like the bandits they are with grotesque bonuses.
As Ferguson points out, no one’s gone to jail. No one’s had to repay those bonuses or make whole those swindled investors. The scandal just goes on and on.
Ferguson gets clips from some of the leading players (who refused to be interviewed, as he tells us) and does a terrific job skewering some of the lesser ones who do agree to be interviewed. To help provide commentary, Ferguson enlists George Soros, Eliot Spitzer, and NYU economics professor Nouriel Roubini.
Read the full article at:
http://www.progressive.org/wx112010.html--------------------------------------------
Visit the "Inside Job" website and see the movie trailer at:
http://www.sonyclassics.com/insidejob/It's playing at the following theaters.
RELEASE DATE THEATER NAME CITY STATE
11/19/10 MONICA FOUR SANTA MONICA CA
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