Typical documentaries, such as Waiting for “Superman” and Freakonomics, are made by people who know more about lenses and lighting than about their subjects. In contrast, Inside Job, a competent condemnation of Wall Street’s role in the recent economic unpleasantness, is the work of Charles Ferguson, a smart, rich generalist who didn’t get into the movie business until he was 50.
After obtaining a Ph.D. in political science from MIT, Ferguson cashed in on the dot-com bubble. In 1996, he sold FrontPage, a mediocre web-development program (which I, unfortunately, used for years) to Microsoft for $133 million. Not surprisingly, Inside Job contrasts Wall Street’s ethical cesspool with Silicon Valley’s supposedly shining moral high ground. (No mention is made of the options-backdating chicanery tainting Steve Jobs and other tech titans.)
Ferguson is angry that the Obama Administration hasn’t arrested any investment bankers. He helpfully outlines a hardball strategy for potential prosecutors: Round up Manhattan call girls and persuade them to roll over on their trader johns for putting hookers and blow on company expense accounts as tax-deductible “research.” Then terrify the traders into snitching on the Big Boys.
Instead, Obama has appointed numerous banksters to high office.
Read the whole thing here.