Rated: PG-13 Reviewed by: Jim Release date: November 12, 2010 Released by: Sony Pictures Classics
A well-rounded, incisive Inside Job sadly recounts an internal "brain drain" in the United States that brought about a $20 trillion global catastrophe. It deserves to reach far more than a limited discerning, sophisticated demographic.
Charles Ferguson's haunting, six-segmented documentary, narrated by Matt Damon, shows that even though more smarter folks have navigated a tricky financial industry the results hardly match a world which continually amazes technologically.
Here is a much closer look without bogging down at what caused the recent meltdown that spurred the storyline of recent movies like Wall Street: Money Never Sleeps. It really is informed about a country and what lies ahead for it.
There is some lingo like mortgage securitization and default credit swapping that may go past some, but an economics degree isn't required to see the enormous economic inequity through deregulation and Wall Street taking hold for nearly three decades.
Ferguson manages quite a plethora of talking heads to go along unbelievable reams of research in what plays out like a potboiler. He works with his crew to provide a visual mastery of quite an array of folks - from the fat cats - all those complicit with Wall Street top brass, including Goldman Sachs, Richard Fuld of Lehman Bros., and one madam in Kristin Davis. All the escorts, cars, pinstriped plane and a special elevator have that sleekness about them as the filmmakers are after those who caused what could have been avoided and foreshadowed by well-known economic mind Nouriel Roubini.
From How We Got There to Accountability Damon's explanatory voice-over resonate along with a jaunty soundtrack as bank regulation is recounted in a globe-trotting tale stopping in England, France, China, and Singapore. Also, in Iceland "finance took over and wrecked the place." It leads to huge personal gains and public losses that leach across the Atlantic.
This dazzling, seemingly mind bogging "Job" connects the excesses to an industry filled with obfuscation, corrosiveness, and corruption extending from politics to academia. One gets a read on investment banks through New York attorney general a notorious Eliot Spitzer, along with social advocates in Robert Gnaizda as well as Roubini. Columbia Business School dean Glenn Hubbard, George W. Bush's chief economic advisor, comes across with a certain conceited ambiguity, while derivatives of the "status quo" pushed by likes of Pres. Obama advisor Larry Summers, Alan Greenspan, and from Citigroup head Robert Rubin, along with credit rating agencies (now read China's Dagong Company) helped fuel a disastrous collapse.
The cost for so many, as a lecture isn't necessary, by all the joblessness and foreclosures, still comes off as the kind of wreck that is hard to turn away from but often easy to overlook in today's media-saturated distracting instantaneousness. Ferguson, who made the acclaimed No End In Sight, convincingly corrals the home front with dutiful precision that ties the reckoning of Wall Street ideologies to a bleak outlook for prosperity on the horizon.