Anyone Plan to See Inside Job?

Inside Job is the latest documentary about the crash. What makes it different from the indie docs about the crash we've seen so far (like Plunder), is that it looks like director Charles Ferguson got some real access to the players. The movie is narrated by Matt Damon, and is certainly going to slant left, but it looks like it might be worth checking out. What do you think?

Comments (20)

 
Sep 1, 2010 - 3:35am

Yea, I'll watch it. Look, I know everyone is always trying to find someone to blame, looking for a grand scheme to take over the world and worrying about what's next for "the world of finance"...I personally don't think it will have any impact on me, I'm a nobody for the next 10 years...

 
Sep 1, 2010 - 3:45am

I get vibes of a Michael Moore film. Cherry picking facts to support your case, the whole "oh woe is the poor old main street schmuck because wall street/government/general motors/george w bush came up with this master plan to fuck you over" theory. We are all to blame for the financial crisis, everyone. I should make a movie about the dumb fucks who thought it was a good idea to take out a negative amortizing ARM to buy a spec house just to sell in in a year, and relentlessly bash Ray and Jill and their three kids for being horrible managers of their money and bad parents and their kids are going to grow up and work at Starbucks for the rest of their lives. How popular would that movie be? Not very I don't think.

I understand that everybody is looking for a scapegoat to try to pass the blame for this thing, just like how everybody was passing around the hot potato of subprime mortgages when the bubble was building. To soley blame people on Wall Street is only looking at half of the problem, and as a result of this rhetoric you get garbage legislation like the 'financial system reform bill' or whatever its called. People are morons and maybe if they stopped trying to blame somebody else and accept the fact that leveraging themselves to the hilt was probably a bad idea, maybe we could actually fix things.

 
Sep 1, 2010 - 11:22am

olafenizer:
I get vibes of a Michael Moore film. Cherry picking facts to support your case, the whole "oh woe is the poor old main street schmuck because wall street/government/general motors/george w bush came up with this master plan to fuck you over" theory. We are all to blame for the financial crisis, everyone. I should make a movie about the dumb fucks who thought it was a good idea to take out a negative amortizing ARM to buy a spec house just to sell in in a year, and relentlessly bash Ray and Jill and their three kids for being horrible managers of their money and bad parents and their kids are going to grow up and work at Starbucks for the rest of their lives. How popular would that movie be? Not very I don't think.

I understand that everybody is looking for a scapegoat to try to pass the blame for this thing, just like how everybody was passing around the hot potato of subprime mortgages when the bubble was building. To soley blame people on Wall Street is only looking at half of the problem, and as a result of this rhetoric you get garbage legislation like the 'financial system reform bill' or whatever its called. People are morons and maybe if they stopped trying to blame somebody else and accept the fact that leveraging themselves to the hilt was probably a bad idea, maybe we could actually fix things.

The problem is that Wall Street got bailed out and is back to business as usual (moral hazard at work.) Also, while there were some total idiots / liars taking out mortgages knowing they had no place taking them out, there were many people who were pushed to take them by loan sharks (i.e. countrywide.) Not as black and white as you've made it out to be.

Furthermore, there isn't any reason to make a movie about the families that took out dumb shit mortgages. They're all paying the price as we speak via unemployment, negative equity in their homes, being fucked for life because of the bubble.

 
Sep 1, 2010 - 12:05pm

TheKing:

The problem is that Wall Street got bailed out and is back to business as usual (moral hazard at work.) Also, while there were some total idiots / liars taking out mortgages knowing they had no place taking them out, there were many people who were pushed to take them by loan sharks (i.e. countrywide.) Not as black and white as you've made it out to be.

But who approved those mortgages? The banks did. You can blame people who took out mortgages all you want, but you still have to admit there was a general change in the way banks approved mortgages. When my parents wanted to get their first home loan, the bank verified their ENTIRE application. They had turn over every single tax returns, W-2s, recommendations from their employers, bank statements, etc. They could not get a mortgage that they would have inevitably defaulted on because it was in the bank's best interests to have their consumers financially viable. This obviously changed during the late 90s and early 2000s because you had people with 40 thousand dollar incomes and 500 thousand dollar variable rate mortgages.

I am not cocky, I am confident, and when you tell me I am the best it is a compliment. -Styles P
 
Sep 1, 2010 - 12:18pm

TheKing:
olafenizer:
I get vibes of a Michael Moore film. Cherry picking facts to support your case, the whole "oh woe is the poor old main street schmuck because wall street/government/general motors/george w bush came up with this master plan to fuck you over" theory. We are all to blame for the financial crisis, everyone. I should make a movie about the dumb fucks who thought it was a good idea to take out a negative amortizing ARM to buy a spec house just to sell in in a year, and relentlessly bash Ray and Jill and their three kids for being horrible managers of their money and bad parents and their kids are going to grow up and work at Starbucks for the rest of their lives. How popular would that movie be? Not very I don't think.

I understand that everybody is looking for a scapegoat to try to pass the blame for this thing, just like how everybody was passing around the hot potato of subprime mortgages when the bubble was building. To soley blame people on Wall Street is only looking at half of the problem, and as a result of this rhetoric you get garbage legislation like the 'financial system reform bill' or whatever its called. People are morons and maybe if they stopped trying to blame somebody else and accept the fact that leveraging themselves to the hilt was probably a bad idea, maybe we could actually fix things.

The problem is that Wall Street got bailed out and is back to business as usual (moral hazard at work.) Also, while there were some total idiots / liars taking out mortgages knowing they had no place taking them out, there were many people who were pushed to take them by loan sharks (i.e. countrywide.) Not as black and white as you've made it out to be.

Furthermore, there isn't any reason to make a movie about the families that took out dumb shit mortgages. They're all paying the price as we speak via unemployment, negative equity in their homes, being fucked for life because of the bubble.


Yes they are paying the price via unemployment, etc. but in that way they are being portrayed as victims, when in reality they are the culprits. There was no requirement that one had to buy a house, nor was there a requirement that one use home equity to finance their excessive consumption. Wall Street was bailed out, but the general public has also been bailed out though near-zero interest rates and subsidies to their consumption (cash for clunkers, home buyer tax credit, etc) There hasn't been a huge disruption in the general population's way of life either.

We need house prices to continue to fall, they need to fall back to a rational level. Yes homeowners may have negative equity now, they should have negative equity. But in the long run house prices will rise again, it will just take time. Nobody forced them to buy a house, that was a free choice. For many it was a bad choice, but it was still their choice. They did it to themselves; they are the culprit. In this case they are also the victim, but I believe there is too much emphasis this and not enough emphasis on the fact that these people did it to themselves and that just like how it took years for the crisis to form, it will take years to fix.

 
Sep 1, 2010 - 4:43pm

olafenizer:
I should make a movie about the dumb fucks who thought it was a good idea to take out a negative amortizing ARM to buy a spec house just to sell in in a year, and relentlessly bash Ray and Jill and their three kids for being horrible managers of their money and bad parents and their kids are going to grow up and work at Starbucks for the rest of their lives. How popular would that movie be? Not very I don't think.

I have been waiting to be able to buy such a film. Tired of people simply using wall street and big financial institutions as a politically convenient scapegoat.

There may have been some questionable lenders out there, but at the end of the day no one put a gun to the head of the person signing a mortgage they couldn't afford. I think the lack of accountability extends far beyond wall street.

 
Sep 1, 2010 - 6:33am

Definitely seeing this movie, imagine what kind of dirt they dug up.

I know a lot of people here think that it's everyone's fault, and I like to think that's mostly true. But I never like to be close-minded about anything.

 
Sep 1, 2010 - 9:18am

Sometimes it's fun to read or watch something that just helps you get your hate on. Not saying that this movie is going to be bad, or I'm going to hate it, but it's a likely candidate. My personal favourite (In Toronto) is Now magazine. Utter trash.

 
Sep 1, 2010 - 9:35am

Just like Wall Street 2, I'll see it, but I will not pay to see it. I can't wait for Margin Call.....Depending on the trailer, I will definitely pay for that film.

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
 
Sep 1, 2010 - 10:01am

I'll definitely watch it. Has SOME bright minds in it. I also thought it was funny how they have one guy on there talking about all these bad people doing things like prostitution and cocaine....oh you mean like Elliot Spitzer, the guy thats being portrayed as a visionary in the movie haha. Anyway, it will be a good watch. I'd rather watch this than WS2.

 
Sep 1, 2010 - 10:24am

Definitely agree with the whole Elliot Spitzer, pot calling the kettle black. Nonetheless, seems fairly intriguing with some heavy hitters in the film. Potentially oversensationalized, however, it's nice to see that the monkeys of WSO aren't already bashing it to the hilt calling it "populist propaganda."

Haven't heard of "Margin Call" Gekko, but I'll google looking for some trailers.

 
Sep 1, 2010 - 10:45am

Eliot Spitzer exchanged money for consensual sex with another adult. He can call the kettle black all he wants.

This movie looks good.

I am not cocky, I am confident, and when you tell me I am the best it is a compliment. -Styles P
 
Sep 1, 2010 - 1:45pm

I wonder why everyone says Wall Street is to blame when Main Street banks were the ones approving these bullshit mortgages. Not saying WS is blameless, but lets get real. Congress wanted to increase home ownership and the only way to do it was to lower the standards. You lower standards and banks dont want these crap mortgages on their books so you know what, WS came up with a solution.

Note to Congress, your stupidity has unintended consequences.

 
Nov 19, 2010 - 11:00pm
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