Wall Street 2007/8 – Inside Job?




Inside Job – A film by Charles Ferguson

“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…” – director’s statement.

Read the New York Times article here

Meanwhile their colleagues in the UK continue to hit the headlines and top the leagues of the loathed and detested .

The man who no longer wishes to be known as a banker

The Global Financial Crisis of 2007-08: Is it Unprecedented?

A link to some of the history, which most surely should not be forgotten.



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