Friday, December 3, 2010

Who’s to blame?

New documentary ‘Inside Job’ explores recession culprits

Express Staff Writer

Photo courtesy Sony Pictures Entertainment Inc. From left, Henry Paulson, former U.S. secretary of the Treasury, Ben Bernanke, chair of the U.S. Federal Reserve, and Timothy Geithner, U.S. secretary of the Treasury and former president of the Federal Bank of New York, are featured in the new documentary film “Inside Job.”

Academy Award-nominated filmmaker Charles Ferguson has created a documentary to expose the truth behind the economic crisis of 2008. His new film, "Inside Job," investigates the many entities that allegedly caused a $20 trillion global financial meltdown that resulted in millions of people losing jobs and homes.

Through extensive research and interviews with major financial insiders, politicians and journalists, "Inside Job" traces the rise of a rogue industry and unveils the corrosive relationships that have corrupted politics, regulation and academia. Narrated by Academy Award-winner Matt Damon, "Inside Job" was shot in the United States, Iceland, England, France, Singapore and China.

Ferguson said the crisis could have been avoided but the progressive deregulation of the financial sector since the 1980s gave rise to an increasingly shady industry, whose "innovations" produced a succession of financial crises.

"I hope that the film, in less than two hours, will enable everyone to understand the fundamental nature and causes of this problem," Ferguson said. "It is also my hope that whatever political opinions individual viewers may have, after seeing this film we can all agree on the importance of restoring honesty and stability to our financial system, and of holding accountable those who destroyed it."

"Inside Job" opens today at the Magic Lantern Cinema in Ketchum.

Sabina Dana Plasse:

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