Charles Ferguson is used to being in the literal firing line. His Oscar(tm)-nominated documentary NO END IN SIGHT took him to Iraq. Uncovering the truth behind the financial meltdown of 2008 turned out to be just as challenging. In a conversation recorded on September 21, 2010, he recounted what it was like to confront financiers not used to being challenged, the effect making the film had on his relationship with people in the Obama administration, and why Iceland is the perfect paradigm.
INSIDE JOB is a comprehensive and disturbing examination of that financial meltdown. From the customers who lost everything, to the executives, some of whom walked away with prison sentences, some of whom walked away with hundreds of millions of dollars, to the halls of a government that is supposed to regulate the industry and protect the little guy, Ferguson dissects what happened and why with a stunning clarity and a dire warning about who is actually in charge, and the level of their expertise, not to mention commitment to good financial practices. Mortgages with no consequences, derivatives that baffled with their algorithms, and a government oversight department with a staff of one make for a surreal cautionary tale that includes the intriguing factoid that cocaine stimulates the same area of the brain as making money.
Ferguson’s previous films include NO END IN SIGHT about the quagmire in IRAQ, which was nominated for the 2007 Academy Award™. INSIDE JOB won the Oscar.