Sunday, February 2, 2014
Inside Job (2010) [PG-13] *****
Narrated by Matt Damon, Inside Job examines the causes and effects of the global financial meltdown of 2008. Through research and interviews with key players in the financial services industry, politicians, journalists and academics we gain an appreciation for how deregulation over the past thirty years has given rise to a small group of very large and very powerful investment banks and commercial banks, banks which have used their size, wealth and power to dominate their industry, and to influence elected officials, legislation and regulatory institutions.
These banks use excessive leverage to make very large and very risky, but highly profitable financial bets, with the full knowledge that they are regarded as being too big to fail, and so the U.S. government and the Federal Reserve System will bail them out again, in the likely event of future failure.
While this Academy Award winning documentary clearly shows how we got to this point, it's also a portent for the future, because, clearly, very little has changed.
Labels: crime, documentary, finance, politics
Internet Movie Database
RottenTomatoes Averages (critics=82, viewers=84)