Review of Inside Job (2010) by Maria Victoria L — 14 May 2011

Inside Job is an enlightening documentary with a tragic ending. It presents an easy-to-understand analysis of the long-brewing economic crisis that eventually bubbled up in 2008, and finishes by saying that now we aren't necessarily that much better off, after all, as a result of what we've been through.

The insiders identified include our banks down the street and their Wall St investment outfits, major insurance companies, securities rating agencies, independent and federal regulators (including Treasury and Fed Reserve), and even the academia (delivering the 'most unkindest' cut of all, to borrow the famous double superlative from Shakespeare's Julius Caesar) - all with their schemes involving deregulated securities, related betting with derivatives such as CDO's, and umbrella insurance products such as AIG's CDS's.

Unlike in other industries, when things finally collapse, in the Finance Sector the greedy who cause it all get out scott-free, making the tax payer pay for for the damage. The movie derides the Obama administration for doing precious little to reform the situation. In fact, it says that, if anything, the new administration has once again put the same gamers in charge of policy and administration :-(.