Introduction
Title
“Inside Job” is a 2010 American documentary that discusses the financial crisis that occurred in the United States in 2007-2008.
Feedbacks
The film received widespread critical acclaim, with praise for its pacing, research, and exposition of complex material. The film won the Best Documentary Award at the 83rd Academy Awards.
Contribution
The film tells the story of systemic corruption in the US financial services industry and its consequences, including conflicts of interest in academic research, which later led the American Economic Association to raise disclosure standards.
Contents
Purpose
This film describes how Wall Street colluded with the US government and hired well-known financial figures and scholars to lobby, which was the culprit that caused the financial crisis. However, all the people involved were able to remain safe and sound in this catastrophe, and even continued to reap fame and fortune after the financial storm.
Key content
This film interviews many celebrities from the American political and business circles in order to analyze for the audience the causes of the global financial crisis from 2007 to 2008. The film begins with Iceland’s debt problem and discusses how this unprecedented crisis occurred.
Interview
In this film, the director interviewed many dozens of people in the financial industry, financial scholars, and government officials. Their personal stories added to the authenticity and watchability of the film.
Paragraph
The five-part film explores how changes in the policy environment and banking practices led to the 2008 financial crisis:
- Part 1: How we got here?
- Part II: Bubble Period (2001-2007)
- Part Three: The beginning of the crisis. This part is the highlight of the film. The director explains the whole story very clearly and depicts the complex financial operations in a few minutes of film that everyone can understand. Including how the CDO market collapsed, investment banks were left with hundreds of billions of dollars in loans, CDOs and real estate that they were unable to sell; and finally the Great Recession began and the stock market crashed. To this day, I am still impressed by the filming of this video, which shows how successful the film is!
- Part IV: Accountability
- Part 5: Where we are now
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