The Inside Job

[dr beat]

Went to see this last week at Edinburgh's rather splendid Cameo cinema.  A relatively no-frills, functional documentary, but probably better for it, and it did a  decent job of explaining the compexities of the 'weapons of financial mass destruction' which caused the crisis.  Admirable that it doesn't pull any punches regarding Obama's handling of the issue, but best of all is seeing a succession of Ivy League professors being made to look like utterly stupid bastards, particularly the hissy fit by the head of Columbia business school.

[Funcrusher]

Also saw this the other week and agree it's a good watch. It manages to make the whole complex mess of the bubble and subsequent collapse reasonably understandable to the layman, and traces the process of deregulation that caused it. You get some vicarious satisfaction from seeing some of the culprits put on the spot, but they've still all walked away with personal fortunes. The sections on Obama's 'wall street government' and on the use of academics to legitimise what was being done were interesting.