Inside Job (2010)

Excellent, Without a doubt!!

Although it has its amusing moments, in eneral the plot does not convince.

It was OK. I don't see why everyone loves it so much. It wasn't very smart or deep or well-directed.

A terrific literary drama and character piece that shows how the process of creating art can be seen differently by those doing it and those looking at it from the outside.

I'm a bit late to the party I know and have only just finished watching the 'Inside Job' 8 years on! Wowzers though. Utterly mind blowing content, research and analysis and narrated to perfection by Matt Damon. I'm no business brain but the way the financial crisis was clearly explained and illustrated made it brilliant to follow and even more shocking to absorb. Charles Ferguson and the whole team deserved their Academy Award, as it's just a mesmerising, expertly told documentary. Superb!

The documentary covered the analysis of financial crisis from the perspective of various stakeholders: Investment banks, The Government and Federal Regulatory bodies. It also covered how academia are supporting false publications and hence teaching at top business schools. An eye opening documentary.

Informative documentary about the recession and global economy as well as crises and bubbles. This documentary is an eye opener to see how economy works in large scale and what is the government role on forming and controlling it.When economy of a nation is in jeopardy they majority within the society will pay the price and it take quite long time for nation to get back on it's feed as a whole. Every individual should know this stuff to some extend so they wouldn't fall pray of politics and bubbles.As they say history repeat itself over and over again and people would never learn...

This brilliant, hard hitting and courageous film revealed how the banking industry, once bastions of trustworthiness in the civilized world, caused the most catastrophic global recession in financial history. It does not simply uncover corruption and the 'legalistic' misappropriation of the public's money (bank robbery in reverse), it exposes our baser human traits of selfishness and greed, that we still espouse the maxim 'the ends justifies the means' and that those with great wealth, power and influence choose to perpetuate the self serving Keynesian statement that "for at least another 100 years time we must pretend to ourselves and to everyone that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little while longer still." The film delved into the high tech world developed by technicians redundant since the end of the cold war. They brought about an explosion of new products-derivatives- the new 'Weapons of Mass Destruction'. With America awash with cash funded by their new bankers, China, Collateralised Debt Obligations (C.D.O.s) and Credit Default Swaps were born. Institutions hedged against possible losses by taking out insurance cover should the insurance companies themselves plunged into insolvency weighed down by heavy defaults. The film revealed how the bubble rapidly expanded into a vast balloon of such terrifying dimensions that when it did inevitably explode in 2008 it affected all who inhabit the industrialised world, except for China and Asia. The magnitude of catastrophe was so incredibly huge it beggars belief how the culprits are still in positions of power and influence. It was implied in the film that those responsible either did not fully comprehend the consequences of their actions or worse that they simply did not give a damn. The unregulated bankers were let loose in the financial markets devoid of controls by the Securities and Exchange Commission and supported by Greenspan, Summers and others up to the President. The film overlooked what caused the initial change in the way the banking industry was perceived. In 1993 two mathematical geniuses came to Greenwich, Connecticut with a big idea. Myron Scholes of Stamford University and Robert Merton of Harvard devised an elaborate equation that nobody understood which could put a price on an Option Contract: to buy stock for $100 thinking it will go up to $200 in years time. If it does increase in value you make the profit, if not you can walk away losing only the cost of the 'Option' itself. How much to charge for the Option could be 'calculated' using Scholes and Merton's formulae-the 'Black Box'. These men were the original'Quants'. Scholes and Merton were awarded the Nobel Peace Prize in Economics in October 1997. They were responsible for creating the aura of mystique surrounding the wheeler dealers in Investment Banking, akin to that associated with nuclear physics. Politicians were in awe of this new breed of banker seducing George W. Bush into deregulating the industry even further. In 2006 he appointed Poulson, CEO of Goldman Sachs and one of the chief protagonists leading to the crash, as Secretary of the Treasury. We have the answer to this dilemma. It was bequeathed to the world by Dr. E.F. Schumacher (web site-'practicalaction.org') within the pages of his masterly book 'Small is Beautiful-A study of Economics as if People Mattered'. Although it was first published in 1973 the economic, environmental and sociological problems we faced then are virtually the same now but a thousand times more acute. His book advocates: the use of 'Wisdom',which immediately implies that we have used our intelligence for the benefit of all; that we need to change our attitude to one that is geared to a state of permanence; that we need to embrace 'Smallness' and include 'qualitative' factors which take into account environmental issues and promotes the humanisation of work. The present Dickensian system of economics is dependent upon our lower traits and is proved no longer a viable option. To quote R. Buckminster Fuller: "You never change things by fighting the existing reality. To change something build a new model that makes the existing model obsolete." The world is crying out for change. Dr.Schumacher's ideas could form the foundation stones upon which to build this new model for the generations to come.At the conclusion of the film Matt Damon, whose punchy narrative was delivered with eloquence and passion, said: "It won't be easy but some things are worth fighting for." Dr. Schumacher stated in his book: "It will require effort of imagination and abandonment of Fear". There are great rewards for those who are willing to relinquish responsibility. As individuals we all have a responsibility here. Kennedy said: Divided, there is little we can do. Together there is little we cannot do." If we cannot rise to the challenge to build a fairer and more just world for all to live in, to eradicate poverty in all its forms (the Nelson Mandela legacy) and organise businesses that create wealth that is shared by all (refer to the Scott Bader Commonwealth in Schumacher's book) then as a species we could be doomed. Materialism has no limit. It's similar to an addiction that fails to tell you when to stop. It demands ever more growth of wealth. There is nothing to stop it. But the environment is finite-resources will run out eventually. "You must be the change you wish to see in the world". Mahatma Ghandi