Inside Job

Inside Job

Very disturbing! Very depressing! Very well done! You may not want to pay good money to see how our money has been devalued and lost in the recent financial crisis .I thought I was somewhat informed about the topic. This documentary hits you over the head with the complexity and the global ramifications. It also clearly points out how the big bankers and financial experts used fraud and deceit in urging common folk to purchase securities that they knew were faltering. Many people were also encouraged to buy houses and cars that they could ill afford.

The film clearly details the causes of the financial crisis and the consequences. It was fascinating to see some of the same financial experts appearing within the Reagan, Bush, Clinton and now Obama governments. I have to ask the question,” When will we ever learn?” The betrayal of the common person is absolutely scandalous. The global perspective is also overwhelming and frightening. We have witnessed the cards all falling in a domino effect.

The film begins by illustrating the problems in Iceland. We see a lovely panoramic view of red topped houses and pleasant communities. It was interesting to learn that the economy of Iceland was a shining example with a low crime rate and low unemployment. It had a fine standard of living. Deregulation was disastrous and the banks all failed. The banks borrowed massive amounts of money. The banks collapsed as well as the total economy.

The interviews throughout the film are very interesting. Government employees, professors, journalists, lobbyists and economists have a lot to say. Equally interesting was the fact that many of the high profile players refused to be interviewed. An economic professor from Harvard was interviewed. You could see by the look on his face and the quivering jaw that he was not sure what the focus of the interview was. He hemmed and hawed and stumbled and couldn’t answer the questions. I was shocked to hear that many university professors and economists had been on the side of the financiers and gave a false positive image of what was going on. The interviewer queried if they had not been part of a conflict of interest. Not in their opinion.

Even when Lehman Brothers knew what was really happening they gave positive reports to the clients and encouraged more spending.

It was upsetting to re-visit the financial advisors of the presidents. Many of the same faces were seen in various governments. Even Clinton helped the large financial systems grow. Why did Obama hire some of the same people who ultimately were responsible for the financial crisis? Customers felt safe with their securities.

Books had been published about an upcoming crisis. There were repeated warnings but to no avail.

We see the result of the financial crisis in China and Singapore. The French Financial Minister was eloquent and forth right during her interview.

It was heartbreaking to see the large tent city in the southern U.S. occupied by people who formerly owned houses and had god jobs. How shocking to hear that the average American has less education and less money than their parents.

Why are the men who created the crisis still in power? How can the leading financiers accept the enormously large bonuses when their clients have lost so much money? Many of the men who caused the crisis are still in power. The film is painful but necessary to see.