New doco plays the financial crisis blame game

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Sun, 30 Jan 2011 6:33p.m.

Charles Ferguson with Kate Rodger

Charles Ferguson with Kate Rodger

By Kate Rodger

Oscar-nominated documentary Inside Job has just hit New Zealand cinemas. It's the second nod from the academy for its director Charles Ferguson.

His earlier film No End In Sight took aim at the Bush administration over the invasion of Iraq. Now Obama is the target in his investigation into the recent economic crisis.

Ferguson approached Sony Classics right after the crash of Lehman Brothers with his idea for a documentary on Wall Street. Inside Job is the result.

It's hard to imagine this quietly-spoken man going head-to-head with the Bush administration, Obama and Wall Street, but he has, and he's pulled no punches.

Matt Damon narrates events, and Ferguson's interview subjects are key insiders - perpetrators in some cases - financiers, politicians, academics.

And delivering this complex economic unravelling to a mainstream audience wasn't easy.

"One of the most difficult things in the world is to take something complicated and make it understandable and clear," says Ferguson. "We put a lot of thought and effort into that."

For New Zealand audiences, what can we do, and how important is this film for us as an economic nation and a people?

"I think there are two things people in New Zealand can do," says Ferguson. "Make sure their own government and regulators behave better than the Americans have done, the second, is governments all over the world should be putting pressure on the American governmentt to change this. And some of them are."

New Zealand audiences now have their chance to respond to Ferguson's call to arms. Inside Job has just hit the big screen here.

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Comments

31 Jan 2011 12:01a.m.

Bill Simpson wrote:

The sad thing is that many of those who caused the whole mess by creating all the bad debt, got very rich doing so. And they got their friends in the US Congress to transfer the huge losses they created to the US taxpayers using the various bailout programs for Wall Street, and foreign banks. Only Iceland got it right. Their government let the banks go broke and let the owners take the loss. Their economy is now recovering. David Faber of CNBC US did an excellent TV special 'HOUSE OF CARDS' that tells the complete story. It is a brilliant masterwork.

30 Jan 2011 10:51p.m.

John Davis wrote:

There are some great firesales(bargins) during depressions, it makes you wonder if some of them up the top let it happen deliberately, then get people to flog off their assets at reduced prices.

30 Jan 2011 10:00p.m.

cyril wrote:

Hes dead right. I hope his doco is not a disapointment.