Video - Inside Job director, Charles Ferguson, at the Oscars - Feb. 27, 2011.
Charles Ferguson's brilliant film on the financial crisis won the Academy Award last night for Best Documentary Feature. In itself, the Oscar represents a win for the anti-bailout movement, but Ferguson seized the moment during his speech to make this simple, but powerful statement:
- "Forgive me, I must start by pointing out that three years after our horrific financial crisis caused by financial fraud, not a single financial executive has gone to jail, and that's wrong."
And remember, he said this in front of a crowd who just two years ago were falling all over themselves pledging their readiness to "serve" the newly elected Barack Obama. More comments that Reuters picked up from Ferguson backstage:
- “The biggest surprise to me personally and biggest disappointment was that nobody in the Obama administration would speak with me even off the record — including people that I’ve known for many, many years."
- “Unfortunately, I think that the reason is predominantly that the financial industry has become so politically powerful that it is able to inhibit the normal process of justice and law enforcement."
Watch the Trailer here...
- INSIDE JOB -- How Wall Street Became A Criminal Enterprise And Took Over Government (Feature Film Trailer, Winner At Cannes 2010)
Photo - Charles Ferguson accepts the Oscar for Inside Job - Feb. 27, 2011.