INSIDE Job is perhaps the most important film to come out of the US for quite some time and should be on a ‘must see’ list of films.
It is an excruciatingly brutal expose of the machinations of those who engineered and profited from the Global Financial Crisis (GFC) in the United States.
The film is an appalling indictment on the perpetrators of the financial crisis and how they have not been made accountable for their actions.
In fact it shows how they have been rewarded for their greed which has and is causing untold pain and grief in their own country and around the world.
It beggars belief that the financial sector ‘players’ could be rewarded for their hideous and calculated actions to profit from the misery of others.
Even more frightening is that the film portrays the players as appearing to have no remorse and that they still believe their actions were valid.
Director Charles Ferguson’s expose is presented in a documentary style narrated by Matt Damon.
The five part film dramatically shows the consequences of systemic corruption of the financial services industry and how players designed ways of profiting from lending people money to buy homes they could never afford to pay off.
Not only did these vile people profit from the inability of thousands to pay off housing loans, they sold mischievously over-rated products and then gambled, through futures and insurance schemes, that these unfortunate ‘punters’ would default.
Ferguson’s incredible documentary presents the complicated schemes engineered by financial service industry players in layman’s terms and uses simple-to-follow graphics to illustrate the unfolding story.
The 2008 GFC is dissected by Ferguson through extensive research and interviews of politicians, financiers, academics and journalists.
The film’s only criticism is that non-willing participants are judged as villains by their unwillingness to engage in the project which is a common practice used by tabloid TV current affairs shows.
Accusing a subject and then flagging that they would not appear on camera is an unfair tactic.
However, Ferguson has enough other material to implicate a raft of players.
The most frightening aspect of Inside Job is that roughly half of the GFC culprits are now working in either government or corporation jobs or are in academic roles teaching the next generation of financial service employees and proprietors.
At the very least, Inside Job justifies a wider cinema release and it should be required viewing by all students wanting a career path in the financial services industry.
Its recent Academy Award for best Documentary Feature 2011 says it all.
Sadly to say the GFC will never happen again is unlikely as the instigators are presumably teaching the next generation how they did it.
9.5 stars out of 10