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March 18, 2011

Inside Job

"Why should a financial engineer be paid four times to a hundred times as much as a real engineer? A real engineer builds bridges. A financial engineer builds dreams. And when those dreams turn out to be nightmares, other people pay for it." ~ Andrew Sheng, chief adviser, China Banking Regulatory Commission, in Inside Job

Inside Job is a 2010 documentary that analyzes the economic crisis of 2008 and explains how key financial insiders within the industry, the government, and even academia, manipulated the market and benefited from the eventual collapse.  The film is narrated by Matt Damon and won the 2011 Academy Award for Best Documentary Feature.  Check out the documentary and if you are not infuriated by the crime without punishment storyline that has affected the whole world, you're either without moral conscience or part of the inside minority.   

"For decades, the American financial system was stable and safe, but then something changed.  The financial industry turned its back on society, corrupted our political system, and plunged the world economy into crisis." ~Inside Job