Yesterday we finally got around to watching Inside Job (despite having recommended it all the way back here). If you, like me, often feel out of your depth in discussions of banking, finance, stock markets and the global economic instability of the last few years, then this is the film for you. Bringing dry and complex details into vivid comprehensibility, this film cuts through the bafflement factor and, via a series of fascinating and jaw-dropping interviews with key players, lays out many of the key threads that that led to the headline-grabbing events of 2008 and its aftermath (which continues to play out today).
The film won best documentary at the 2010 Academy Awards and currently sits at 97% on Rotten Tomatoes. It is easy to see why. Tackling an important subject with insight, emotion and sensitivity, this film is pure outrage mixed with damning evidence of systemic problems in the US financial industry from traders to CEOs, from regulators to investors, from president to ratings agencies, from academic economists to congress. There is plenty of blame to go around. And yet, somehow, no one is in gaol for the greatest inside job in history.
And very little has changed.