Inside Job won the Best Documentary award at last year’s Oscars over such notables as Restrepo and Exit Through the Gift Shop. I was surprised when it won, because I have never heard of the movie until it won. Like most documentaries, it was not played in regular theaters during 2010. Watching this movie made me angry that people are profiting over other’s suffering.
Writer/director Charles Ferguson takes a pointed look at the genesis of the economic meltdown in 2008 that lead to the recession that the world is now under. Matt Damon narrates all the keys components of how greed would drive people to do dangerous things that affect peoples’ jobs, homes and life savings.
It all stems from the deregulation of banks which have destroyed the way that they are being run. If there are no regulations on loans, then the head honchos wouldn’t gobble up private banks like a midnight snacks to grow bigger and bigger. Banks have borrowed money from the people who they serve to spend it on themselves, fellow business partners and their friends.
During that faithful days of September 15, 2008, Lehman Bros and AIG filed for bankruptcy. They knew that their clock was ticking down months before everything turned to shit. Nothing was being done about it. There were insiders that predicted the way that Wall Street conducted their business practices would result in an economic collapse of global proportions three years before it happened.
When the banks collapsed, trillions of dollars were lost, unemployment tripled, people lost their houses, and the top CEOs are ranking in millions of dollars to live off of it. Some of the people that were responsible for the collapse are currently serving under the current administration to help with the crisis.
It pisses me off that people could be so greedy and heartless that they would break the law or sense of mortality to stay rich. It boggles the mind that they are people struggling to sustain themselves that there are people who were responsible for it and have not been brought up on charges.
Judgment: If you have affected by the recession in any way, you must see this movie.