“Inside Job”, a documentary covering the 2008 collapse of the U.S. financial system, will be released on October 8th in NYC and on October 15th in LA.
Like many Americans, I’ve finally forgotten everything I thought I knew about credit-default swaps, mortgage-backed securities and collateralized-debt obligation. But the Matt Damon-narrated film, “Inside Job,” will be released just in time to remind everyone about our malevolent, mostly still-existing financial institutions.
Personally, the ratio of hours spent reading about sinister Wall Street practices compared to my understanding of them is very, very low. I’m no Matt Damon. But I do recall the countless articles and profiles written by Smart Journalists explaining how our entire financial structure is supported by cynical, evil white men for their benefit. I think we all knew this, and were mildly okay with it, until we all got fired, lost our health insurance, took pay cuts, and everything else we’ve dealt with the past two years.
So how does the “Inside Job” present these winners? Look at like this: Eliot Spitzer is a good guy.