The film that cost $20,000,000,000,000 to make
Directed by: Charles Ferguson
Although I read much about the global economic meltdown of 2008 in the news I only know few things like collapsing companies, foreclosures, people being out of job and the 700 billion dollar bailout package. Basically just the big picture.
I don't know anything about sub prime, derivatives or even hedge fund. Those are strange things for me and reading those Wall Street Journal editorials are a bit of a pain for a simpleton like me.
However, this film has explain the why and who of the global economic meltdown, complete with the explanation of those specific financial terms which is enlightening for me.
I cannot explain in my own words what's sub prime and their friends are, I don't even know what's Goldman Sachs, Lehman Brothers or Merryl Lynch is and the only information I got about AIG prior to the crisis is they sponsored Manchester United football club, that's it. So if you are still wondering, Google and dozens of books will help you to understand it better.
However, unlike Michael Moore's Capitalism a Love Story which address almost similar matters, this one is not political or trying to be funny at all.
Narrated by Matt Damon, this one enter legions of documentary narrated by famous people. Why using Matt Damon? I think the film maker want to raise awareness by this, since this film will appear at Matt Damon's filmography page and people who have no idea what's going on will try to watch this one.
Divided by chapters as in book chapters, it is an easy to follow story with heart wrenching end, that the cause of all of this mess is simply greed and how those smart people in Wall Street robbed ordinary American only to make them rich.
The worst is yet to come, the people who let these atrocities happened doesn't even go to jail, they are getting richer and those government policy makers are still on their throne.
The lobbyist also have spent five billion US dollar to lobby both side of the aisle so they, in a simple word, can get off easy robbing people without any government regulation at all. All because this open market has no regulation at all and all attempt to do it will be killed by those powerful people.
What makes me sad is how the academics, the one common people rely if the politicians cannot be trusted at all, are also taken part in this complex web of deception.
I wonder, is this human nature to be greed? This documentary is a wake up call to anyone who is involved in financial sectors and a nice lesson for us, common people who have no idea what those white collar people are doing behind closed doors.
Filled with so many interviews this one is not boring and a decent Oscar winner in the category of Best Documentary feature. This one is also a perfect companion to Wall Street and Wall Street: Money Never Sleeps (both are my favorite) and if you are majoring in economic or finance, a must see.
Directed by: Charles Ferguson
Although I read much about the global economic meltdown of 2008 in the news I only know few things like collapsing companies, foreclosures, people being out of job and the 700 billion dollar bailout package. Basically just the big picture.
I don't know anything about sub prime, derivatives or even hedge fund. Those are strange things for me and reading those Wall Street Journal editorials are a bit of a pain for a simpleton like me.
However, this film has explain the why and who of the global economic meltdown, complete with the explanation of those specific financial terms which is enlightening for me.
I cannot explain in my own words what's sub prime and their friends are, I don't even know what's Goldman Sachs, Lehman Brothers or Merryl Lynch is and the only information I got about AIG prior to the crisis is they sponsored Manchester United football club, that's it. So if you are still wondering, Google and dozens of books will help you to understand it better.
However, unlike Michael Moore's Capitalism a Love Story which address almost similar matters, this one is not political or trying to be funny at all.
Narrated by Matt Damon, this one enter legions of documentary narrated by famous people. Why using Matt Damon? I think the film maker want to raise awareness by this, since this film will appear at Matt Damon's filmography page and people who have no idea what's going on will try to watch this one.
Divided by chapters as in book chapters, it is an easy to follow story with heart wrenching end, that the cause of all of this mess is simply greed and how those smart people in Wall Street robbed ordinary American only to make them rich.
The worst is yet to come, the people who let these atrocities happened doesn't even go to jail, they are getting richer and those government policy makers are still on their throne.
The lobbyist also have spent five billion US dollar to lobby both side of the aisle so they, in a simple word, can get off easy robbing people without any government regulation at all. All because this open market has no regulation at all and all attempt to do it will be killed by those powerful people.
What makes me sad is how the academics, the one common people rely if the politicians cannot be trusted at all, are also taken part in this complex web of deception.
I wonder, is this human nature to be greed? This documentary is a wake up call to anyone who is involved in financial sectors and a nice lesson for us, common people who have no idea what those white collar people are doing behind closed doors.
Filled with so many interviews this one is not boring and a decent Oscar winner in the category of Best Documentary feature. This one is also a perfect companion to Wall Street and Wall Street: Money Never Sleeps (both are my favorite) and if you are majoring in economic or finance, a must see.
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