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Inside Job

  • 30-07-2015 9:30pm
    #1
    Wacker The Attacker
    Closed Accounts Posts: 7,473 ✭✭✭


    A highly interesting documentary about the 2008 financial collapse.


Comments

  • #2
    take everything
    Registered Users, Registered Users 2 Posts: 9,810 ✭✭✭take everything


    Wacker The Attacker wrote: »
    A highly interesting documentary about the 2008 financial collapse.

    Have it on DVD.
    Great film. One of the best if not the best documentaries about the crisis. Very well narrated by Matt Damon. Really simplifies a complex subject and covers a lot in 100 mins or so. The history of retail vs investment banking, the subprime CDOs magically turned to AAA by the rating agencies, the incentives culture, the capture of educational institutions/economic professors, the nonexistent regulation and the lobbying for it by guys like Greenspan, the absence of sanctions for their **** opinions/decisions, and when the **** was hitting the fan in 2008, Goldman Sachs the vampire squid itself taking insurance (on crap they new was crap but promoted to other stooges) and helping to put AIG out of business. It is amazing, similar to here, how incestuous the culture is- guys going from the Fed to the chairmanships of these investment banks etc. And then these guys like Fuld resigning with these massive packages running into tens of millions. And the thing is these guys will always be around. Blankfein is still with Goldman isn't he.
    Love the bit with the Wally economics prof. from Columbia hissing "give it your best shot" when under the cosh from the interviewer. Pure denial from self serving, craven assholes.
    Another world altogether.
    Great documentary.


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