Dec 10, 2010
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Charles Ferguson is the writer/director of 'Inside
Job'.
On Sunday, 27 February, Ferguson, who won
the Best Documentary Oscar for his film "Inside Job," used his
acceptance speech to air his frustration regarding the fact that no
wrongdoers have been sentenced to prison for helping bring about
the financial meltdown.
"Not a single financial executive has gone to jail, and that's wrong," he said.
"Not a single financial executive has gone to jail, and that's wrong," he said.
Narrated by
Matt Damon, the documentary provides a comprehensive analysis
of the
global financial crisis of 2008, which at a cost over $20
trillion, caused millions of people to lose their jobs and homes in
the worst recession since the Great Depression, and nearly resulted
in a global financial collapse. Through exhaustive research and
extensive interviews with key financial insiders, politicians,
journalists, and academics, the film traces the rise of "a rogue
industry" which has corrupted politics, regulation, and academia.
It was made on location in the United States, Iceland, England,
France, Singapore, and China.
Ferguson's
previous film was
No End in Sight, a documentary about U.S. policy in
Iraq.
He received
his PhD in Political Science from
M.I.T. After selling
Vermeer Technologies of which he was co-founder, Ferguson has
been a visiting scholar at M.I.T. and
U.C. Berkeley, a senior fellow at the
Brookings Institution, and wrote
three books on information technology. A member of the
Council on Foreign Relations, a director of the
French-American Foundation, and CEO of
Representational Pictures, he resides in Berkeley,
California.
Commenting
here, too, on the film is
Robert Pollin, Professor of Economics and founding Co-Director
of the Political Economy Research Institute (PERI) at the
University of Massachusetts, Amherst. His research centers on
macroeconomics, conditions for low-wage workers in the U.S. and
globally, the analysis of financial markets, and the economics of
building a clean-energy economy in the U.S. He is the author of
many
books and papers including "Tools for a New
Economy: Proposals for a Financial Regulatory System" Boston
Review, January 2009, and A Measure of Fairness: The Economics
of Living Wages and Minimum Wages in the UnitedStates (co-authored,
2008) and An Employment-Targeted Economic Program for Kenya
(co-authored, 2008). He has also worked with the
Joint Economic Committee of the U.S. Congress and as a member
of the
Capital Formation Subcouncil of the U.S. Competiveness Policy
Council.
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