Documentary filmmaker Charles Ferguson won the Oscar for best documentary for his film “Inside Job,” which was about the roots of the 2008 financial crisis.
He opened his acceptance speech with a somber acknowledgement: “I must start by pointing out that three years after our horrific financial crisis caused by financial fraud, not a single financial executive has gone to jail, and that’s wrong.”
Ferguson should know - he has been exhaustively tracking the crisis and people involved since directing "Inside Job," which was released in theaters last year.
The film, through Ferguson's research and interviews with a number of major financial insiders and politicians, concludes that the crisis was caused by an out-of-control financial services industry that cost people around the world over $20 trillion, and resulted in millions of people losing their homes.
INET would like to congratulate Charles Ferguson for winning the Academy Award, as well as for bringing to light the inner workings of the crisis. One of INET's preoccupying themes is what happened leading up to the crisis, and this film does a good job in documenting these events.
For more about “Inside Job,” please watch INET’s exclusive interview with Charles Ferguson here. You can see the whole interview, or choose from individual topics on the right of the main player.
Here’s an excerpt from the interview, where Ferguson talks about another issue INET is interested – corruption in academic programs in economics:
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