The Inside Job, By Charles Ferguson Essay

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In his documentary “The Inside Job”, Academy-Award winning filmmaker Charles Ferguson attempts to provide a comprehensive analysis of the financial crisis of 2008. In creation of the documentary, Ferguson performed extensive research on the underlying causes of a “global financial disaster” which many claim could have easily been avoided. The documentary provides interviews with financial insiders and advisers, many in ways that portray the wealthy bankers and executives on Wall Street, and those associated with them, as greedy and corrupt criminals only concerned about personal gains. In Ferguson’s take of the financial crisis, he attempts to convince his audience of the “inside job” that led to the near downfall of the global economy. While this documentary provides a concise overview of the financial crisis, it seems as if this documentary is strongly focused on fueling the populist anger against Wall Street and thus fails to highlight other underlying factors that played a role in the financial crisis of 2008.
The documentary seems to attribute the main causes of the crisis to the lack of regulation along with the faulty incentive structure on Wall Street that rewarded excessive risk-taking which was exploited by the reckless culture of the “immoral” and “unethical” nature of Wall Street executives. The documentary also touches on issues such as poor risk assessments made by credit rating agencies and the careless redistribution of sub-prime mortgages through predatory
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