In appalling and undeniable clarity, Academy Award nominated documentary filmmaker Charles Ferguson (“No End in Sight”) masterfully documents the financial industry’s creation and orchestration of the economic crisis of 2008, its cost of over $20 trillion, and it’s crippling affect on citizens, businesses, and governments alike around the globe.
Starting with the waves of financial de-regulation that began in the 80’s and the subsequent rise of derivatives, credit default swaps, and other opportunistic financial instruments, the evil genius of the financial industry is fully showcased. Through a vast network of corrupt politicians, government insiders, and regulatory stooges, the industry made trillions in its creation of the bubble, then through deliberate and masterful execution of it, made additional trillions by strategically insuring for its failure, knowing full well all along that it would eventually collapse.
It’s as sickening as it is honest. The evidence presented in the film is un-refuted and outlines how Wall Street greed has corrupted politics, our government, any sense of regulatory bodies that we think exist, and sadly, academia at what are considered to be exemplary institutions of higher business and banking learning in this country.
Extremely well-balanced and paced in its meshing of masterfully conducted interviews, supporting charts and graphs, and narrative by Matt Damon, the film methodically ramps the viewer’s visceral reactions from frustration to anger to outrage.
This film is an invaluable piece of our country’s financially criminal history.