Inside Job, a new documentary set for U.S. release on October 8, is Academy Award nominated Director Charles Ferguson's film about the financial crisis.
I haven't seen the film yet, but it will be worth checking out if the rest of it is anything like the following clip of Columbia University Professor and former Federal Reserve Governor Frederic Mishkin talking about his infamous Iceland report:
In the clip Mishkin responds to questions about a 2006 report he authored titled 'Financial Stability in Iceland'. The report was co-authored with Icelander Economist Tryggvi Thor Herbertsson (pictured right hunting with Mishkin in Iceland). Not long after Mishkin's and Herbertsson's report was published Iceland's financial and banking system collapsed.
Mishkin failed to disclose in his report that he was paid $124,000 by the Icelandic Chamber of Commerce to write (if in fact he wrote any of it) a stunningly inaccurate testament to Iceland's financial soundness. Mishkin also later renamed the report on his resume to 'Financial Instability in Iceland', an error he chalks up in the Ferguson interview as a "typo".
Here is the full trailer for Inside Job:
Update: Congratulations to Director Charles Ferguson for Inside Job winning the Academy Award for Best Documentary.
I haven't seen the film yet, but it will be worth checking out if the rest of it is anything like the following clip of Columbia University Professor and former Federal Reserve Governor Frederic Mishkin talking about his infamous Iceland report:
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| Herbertsson (left), Mishkin (right), unknown person (middle) |
Mishkin failed to disclose in his report that he was paid $124,000 by the Icelandic Chamber of Commerce to write (if in fact he wrote any of it) a stunningly inaccurate testament to Iceland's financial soundness. Mishkin also later renamed the report on his resume to 'Financial Instability in Iceland', an error he chalks up in the Ferguson interview as a "typo".
Here is the full trailer for Inside Job:
Update: Congratulations to Director Charles Ferguson for Inside Job winning the Academy Award for Best Documentary.
Dear Fellow Blogspotter,
ReplyDeleteHow come you have so much "big" money invested in a little blog? Is your intent to shape or change public policy? What is your connection to CHIMERICA? Do you intend to use this medium to amp up your personal growth or are you really trying to tell John/Jane Q Public the "truth" of what happened, who "knew what" and "when?" And can someone please explain to me "why" there is no legal accountability forthcoming in this debacle and where were the people that were present and did nothing to either warn folks of nor report this criminal behavior?