The past couple of weeks in MGMT 312 have seen a lot of discussion of the 2008 financial crisis. We read several intriguing articles, and were presented a case study of AIG, the insurance company that received an $85 billion dollar bail out merely one day after Lehman Brothers declared bankruptcy. While these readings and conversations may have sufficed to quench your thirst for knowledge on the subject, there exists documentary that just might encourage you to crawl a little further down the rabbit hole. The movie’s title is “Inside Job.”
Narrated by Matt Damon, director Charles Ferguson structures the film into parts; presenting the history of the financial industry in the United States, the warnings we failed to heed prior to the collapse, the specifics of the crisis, as well as where we currently stand today. Further subjects discussed include AIG, scandalous corporate practices, and the absurd wheelings and dealings of several corporate executives. At one point, they discuss the use of prostitutes to keep clients happy and paying. Anybody watch Mad Men?
Overall, the movie concludes that those with the power to prevent the collapse didn’t fail to do so, they chose not to. Themes of corporate greed and self-interest saturate the film’s scenes and interviews. It’s shocking to hear what some of these people have to say about those who control our finances. Disturbing though it may be, I truly believe this movie should be seen by anyone interested in working a Wall Street job, or even someone just curious about the dark side of human nature. I would love to see some discussion of it in an upcoming class.
Please watch the trailer above, and feel free to learn more about the film here at its official website. Thanks for reading!