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Inside Job

Inside Job is a 2010 documentary film about the financial crisis of 2007-2010 directed by Charles H. Ferguson. Inside Job is the first film to provide a comprehensive analysis of the global financial crisis of 2008, which at a cost over $20 trillion, caused millions of people to lose their jobs and homes in the worst recession since the Great Depression, and nearly resulted in a global financial collapse.

The film focuses on changes in the financial industry in the decade leading up to the crisis, the political movement toward deregulation, and how the development of complex trading such as the derivatives market allowed for large increases in risk taking that circumvented older regulations that were intended to control systemic risk. In describing the crisis as it unfolded, the film also looks at conflicts of interest in the financial sector, many of which it suggests are not properly disclosed. The film suggests that these conflicts of interest affected credit rating agencies as well as academics who receive funding as consultants but do not disclose this information in their academic writing, and that these conflicts played a role in obscuring and exacerbating the crisis.

The Inside Job authors interview some of the key characters of the financial crisis. Of course it’s wrong to blame only a few people people for this, but it perfectly illustrates what behaviour leads to a financial collapse.

The film was screened at the Cannes Film Festival in May 2010 and won an Academy Award for Best Documentary Feature in 2011

Watch the Trailer

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