INSIDE JOB - How Wall Street Became A Criminal Enterprise And Took Over Government - Feature Film Trailer, Oscar Winner 2011
Further reading...
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Bonus clip...
Director's Statement
This film attempts to provide a comprehensive portrayal of an extremely important and timely subject: the worst financial crisis since the Depression, which continues to haunt us via Europe’s debt problems and global financial instability. It was a completely avoidable crisis; indeed for 40 years after the reforms following the Great Depression, the United States did not have a single financial crisis.
However, the progressive deregulation of the financial sector since the 1980s gave rise to an increasingly criminal industry, whose “innovations” have produced a succession of financial crises. Each crisis has been worse than the last; and yet, due to the industry’s increasing wealth and power, each crisis has seen few people go to prison.
In the case of this crisis, nobody has gone to prison, despite fraud that caused trillions of dollars in losses. I hope that the film, in less than two hours, will enable everyone to understand the fundamental nature and causes of this problem. It is also my hope that, whatever political opinions individual viewers may have, that after seeing this film we can all agree on the importance of restoring honesty and stability to our financial system, and of holding accountable those to destroyed it.
Aug 27, 2011 at 11:32 AM
Reader Comments (33)
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http://blogs.wsj.com/speakeasy/2010/05/17/cannes-2010-wall-street-doc-inside-job-premieres/
http://blogs.wsj.com/speakeasy/2010/05/13/cannes-2010-inside-job-director-on-how-wall-street-has-become-a-criminal-industry/
http://www.indiewire.com/article/cannes_doc_says_the_financial_crisis_is_an_inside_job/
http://www.bbc.co.uk/news/science-environment-11039206
http://www.cnbc.com/id/38830968
Story, not video...
Commentary: With government bribe money gone, so is any sane demand
http://www.marketwatch.com/story/why-nobody-wants-to-buy-a-house-2010-08-24
If it gets bad enough there will be tanks in the streets and tear gas in the air. The people wont be passive in the face of starvation and the wealthy wont go down without a fight.
Unless, that is, history is bunk as Henry Ford taught.
The party is still going on for the bankers and many aspects of the government...Can you not hear the complaints in here and everywhere?
Emily Dickinson advised telling the truth obliquely.
Sometimes I do one and sometimes the other and sometimes, like everyone else, I lie to make people feel good.
What do you want to hear?
"Unless, that is, history is bunk as Henry Ford taught."
Henry was wrong!
Many times in the past people have faced situations similar to what is happening today to the American middle class.
Then as now the ruling elite always manage strip the people of wealth and the power to control their future and exist without fear of poverty. That the elite rulers never realize when they have exceeded the abuse level the people will tolerate always seems to bring about their about their downfall. In the past the rulers always had their military to beat the people into submission and prolong the inevitable end of their rule. But the end always came and so it will come again.
Today I don't think they can count on the military. Thats probably why the military industrial complex is working overtime to get battle robots, airborne, ground based, and marine into production. I think they're too late.
I think the people are fed up, of the FED, of a totally corrupt government, of thieves on Wall Street living like kings while people lose their homes, their jobs, and everything they have worked for.
I think the American experiment has failed, I just hope I live long enough to see if we can do better the next time around.
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I'm afraid to say that i agree...i think the verdict is in...but can we fix it....that's what i'm fighting for...still optimistic but the next few years will tell the story...
Henry Ford US automobile industrialist (1863 - 1947)
I don’t know whether Napoleon did or did not try to get across there and I don’t care. I don’t know much about history, and I wouldn’t give a nickel for all the history in the world. It means nothing to me. History is more or less bunk. It's tradition. We don't want tradition. We want to live in the present and the only history that is worth a tinker's damn is the history we make today.
• Interview in Chicago Tribune (25 May 1916)
You can't mess with prices the way Wall Street does and not draw blood eventually. These guys are playing with fire.
I'm with you DB. Things can and will change. I imagine great segments of the world wait for Americans to wake up and fight back. We will. Of that you may rest assured.
Just before oil went to $140/barrel there had been a bailout. (i only found one article about the link at the time)
The Fed bailed $1.5Trill worth of toxic assets. Where did that money go? It didn't go to loans to help out the economy.
Help me out here. I thought the 1st bailout was BSC, which JPM took over for $30B in 3/08. The next bailout was TARP, $700B from Treasury in 10/08.
The Fed, what with its QE (think PPIP and ABCDPPPLMQ, etc.) didn't get involved til late '08, as far as I know.
So I'm not sure what you're talking about, as oil went to $147 in summer '08, as I recall it.
You are right about Wall Street's version, however, as that is the only channel on TV. So what brings a bright lad like yourself to these parrs?
http://www.youtube.com/watch?v=GNGc9zmpK5M
As to your ultimate question--where in the sam hill did the money go--ben bernanke ain't sayin' short of a court order.
And here I must remind the blogosphere that Bloomberg vs. Fed. Res. is still pending. Unless the Supreme Court grants cert and reverses, Bennie's gonna owe us some papers at a time certain. Then again, the Squid's tentacles are most surprising in their range.
Watch this one closely, as it will reveal all about our governance.
The Fed, what with its QE (think PPIP and ABCDPPPLMQ, etc.) didn't get involved til late '08, as far as I know.
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yes...1st bailout was bear stearns...the FED guaranteed $30 billion in assets to make the purchase happen...those assets went into a vehicle called maiden lane 1...
then the FED created various liquidity programs to help the other investment banks and opened the discount window...wide...hell they blew out the window and installed a 20X30 ATM open 24/7...they were accepting toxic assets in exchange for treasuries...which they could then leverage X 15 and do whatever they pleased...
i didn't follow the oil bubble very closely...but in my view everything over $100 on the run-up was nothing but a short squeeze...sure longs piled on...but it ws mostly panicked shorts buying back contracts...all the way to $147...and then 6 months later we were in the $40s....
not a very good show by the free markets especially for such a valuable commodity...that kind of thing should not happen...
I may have gotten to the party late, but my recollection is that Fed giveaways, er, easing, began after TARP passed. I'm pretty sure, for example, that PPIP was after. And, as the resident doctor has noted, CPFF started 4 days after TARP passed.
As for oil, I wouldn't touch it with Hitler's dick because I don't get it. I just remember the unemployment carnage that $150 oil meant for northern Indiana, the RV capital of the U.S.
and yes ppip was after tarp...but it has remained a pretty small program...fasb rule change took away the need for the ppip...here's some background...
The Great Unclog of 2009: Industrial Strength Drano, Anyone?
http://dailybail.com/home/the-great-unclog-of-2009-industrial-strength-drano-anyone.html
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http://dailybail.com/home/the-obama-bank-rescue-program-ppip-is-already-failing.html
http://dailybail.com/home/more-reason-not-to-fear-the-ppip-jamie-dimon-talks-some-shit.html
Socialist Pinko Punk Tim Geithner Stars In 'Leverage Me Tender' »
http://dailybail.com/home/socialist-pinko-punk-tim-geithner-stars-in-leverage-me-tende.html
1 minute funny explanation...
Three things did in PPIP. One, participating banks would come under exec. salary restrictions, regardless of whether they had paid back TARP. Two, the FASB change DB mentioned (why bother?). And the third thing, possibly, is the massive negative reaction Treas. and FDIC got from the (blog-reading) public on the program. Some of the public comments posted by FDIC are just hilarious. I'll look for a link.
But Zerohedge highlighted some. So did Wall st. Pit. Funny stuff (like, "you are all traitors...and I look forward to the day when the revolution comes")
http://zerohedge.blogspot.com/2009/04/fdic-publishes-public-comments-on-ppip.html
http://wallstreetpit.com/3794-fdic-posts-public-comments-on-the-legacy-loans-program
a society, and not to act as an agent for a gang of shiftless slobs who neither invent, build or maintain the
things in this life that make living a joy.
I would hope that this film would prove to highlight the poor faith of banks and bankers, and to induce
the millions to action in the fight against criminal combinations. In my mind, RICO is an apt body of
law to use against business combinations that rival the power of a government.
It may also be helpful to send a few suits and ties to the gallows, but that is a different subect.