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Added "Inside Job" to my Netflix queue...

From what I heard, very biased and nonfactual.
But the people who told me that could have been overly biased themselves and not trustworthy.
 
I found it to be pretty even-handed, blaming those from Clinton to GWB to Obama.

I enjoyed it.

The theme is pretty simple: There is a revolving door between those in the highest places of Wall St. and Washington, no matter the side of aisle. They are out for themselves to make more money to buy more power. They don't give a shit about you, me, or the long-term viability of the United States of America. That's about it.
 
I work in finance and thought it was excellent: http://forums.anandtech.com/showthread.php?p=30549260&highlight=inside+job#post30549260

Inside Job - 9/10: A documentary, narrated by Matt Damon, covering the recent and ongoing global financial crisis with a focus on the US, since that's where most of the major stuff went down. This is a pretty scathing indictment of Wall Street and the various US governments that enabled and still enable all of the things that caused this collapse to happen. The director discusses the crisis with various economists, government officials (few of those), pundits and individuals involved throughout the years and shows how it all happened. Some of it was so absurdly insane, all you could do was laugh. As someone that works in the Finance industry and sees certain things, on a much smaller scale of course, going on day-to-day, it made me ashamed to be a part of it. Worth watching if you do not have a big background on this stuff as it gives a you good, basic understanding of things like CDOs and Credit Default Swaps and exactly how those things took down AIG an the other various companies involved and it's all presented in a very interesting way.
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KT
 
The story is told in a very factual manner, using a lot of graphs and data to illustrate their points. It's very hard to take issue with what they say
 
I just watched it last night (it's on demand with Showtime if you don't have netflix).

It'll piss you off, but that's what it's meant to do.

My suggestion - watch the movie, then find the other thread here in ATOT and read through it.

You'll be angry enough to squeeze a kitten to death after that.
 
Via said:
I just watched it last night (it's on demand with Showtime if you don't have netflix).

It'll piss you off, but that's what it's meant to do.

My suggestion - watch the movie, then find the other thread here in ATOT and read through it.

You'll be angry enough to squeeze a kitten to death after that.
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pretty much what I was coming in here to post... minus the whole kitten thing...
 
It got the facts across decently, but having read a couple of books on the crash I thought it could have been better. It's not a movie with a neutral tone, but it's not spinning anything either.
 
I'm pretty much finance-industry stupid. But the CDOs just don't make sense to me. Why would AIG buy something so stupid?

Also, I'm only about 30 minutes in.
 
Basically: About 20 people in the entire world actually knew how those CDOs worked. Obviously had they known that a lot of risky debt was getting packaged as AAA they wouldn't have bought it up.
 
So, thats where all this regulation talk comes into play? And how they wanted to keep it deregulated so they could make tons of cash? aka, Alan Greenspan, that shady fool.
 
The movie talks about how fucked our financial system is. Don't worry, though, by the end, they also talk about how our economic education system is ALSO fucked and is being poisoned by people with strong pro-business, anti-regulation slants, and that the big schools don't care about (or even recognize) conflicts of interest. So the next generation of economists will be just as bad as this one. And there's absolutely nothing you can do about it.

Really cheery.
 
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The general smugness in this movie is overwhelming. Google any respectable economist to get a better understanding of the film's issues.
 
AstroManLuca said:
The movie talks about how fucked our financial system is. Don't worry, though, by the end, they also talk about how our economic education system is ALSO fucked and is being poisoned by people with strong pro-business, anti-regulation slants, and that the big schools don't care about (or even recognize) conflicts of interest. So the next generation of economists will be just as bad as this one. And there's absolutely nothing you can do about it.

Really cheery.
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Yeah, I was well aware of the antics of the financial industry at that point, but I had no idea that schools were so badly infested by their influence. Also, this:

National Post - Rewriting the fed's history

Does the mighty Fed really control the information flow and ultimately the press? Prof. Larry White subjected this question to what the Fed must have thought was the indignity of factual verification. His findings support Friedman’s assertion. In 2002, 74% of the articles on monetary policy published by U.S. economists in U.S.-edited journals appeared in journals published by the Fed, or were authored (or co-authored) by Fed staff economists.
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