Inside Job
It’s as if the economic system couldn’t see the forest through the trees.


Theatrical Release Date: 10/22/2010
Director: Charles Ferguson
Rated: PG-13 for some drug and sex-related material.
Runtime: 2 hours



Golden Mug2010 Golden Mug

NOMINEE:
Best Documentary



Trailer:

All those BOLD words are mesmerizing.

It’s no secret that there was a worldwide economic collapse in 2008. Following the failings of banks, lending institutions, ratings companies and regulators, nearly every sector of the world took a huge financial hit; one which we are only just beginning to recover from and fully understand.

For those of us who didn’t track each story as it hit the AP wire or graced the pages of any of the numerous financial media outlets, director Charles Ferguson has summarized the crisis in one neat and tidy documentary called “Inside Job”.

He lays out the information in sections; giving us the background of where the financial industry was prior to deregulation in the ’80s; the warning signs and events that should have kept us from making increasingly bad choices; what exactly went down to cause the 2008 debacle; and where we are today.

Ferguson manages to keep everything moving at a relatively good pace, mixing up the talking heads with charts, graphs and archival footage. He was able to interview a number of interesting players within the industry and it’s always very telling when the people at the center of the firestorm decline to be interviewed.

Now, is there necessarily anything new presented by “Inside Job”? No. However, it’s a remarkable compilation of many of the essential components that led to the 2008 global financial meltdown and unless you’re one of the minute portion of the masses who are fully versed in these issues, I’m not sure who this doesn’t pertain to. It only falls short of the perfect mark because it doesn’t provide the audience with steps they should take and it’s basically a rehashing of news items that people could be aware of if they followed the news cycle.

Still, to see our financial system’s failings laid out so clearly will be eye-opening for many and infuriating to all. A 4.5 out of 5, unless there are significant inaccuracies in the data presented, I’d even go so far as to say this should be required viewing for high school history/economics classes. These issues are painfully relevant and maybe an increased public awareness of just how corrupt the system has become will help sway legislators into ignoring their financial sponsors and instead remember the people they’re supposed to be representing.

4.5 out of 5