Friday, June 03, 2011

Inside Job

How did it happen -- the financial collapse that began in 2008 and cost millions of people their savings, their jobs and their homes? That is the question Charles Ferguson set out to answer in his award-winning documentary, Inside Job.

Costco Connection: Did you feel it was worse than you thought it was?
Charles Ferguson: Unfortunately, I did. When I started making the film, if someone had told me we'd find out that ... all of the investment banks has been secretly creating securities that they hoped would fail and then profiting against them, I wouldn't have believed it. I would have said, "That doesn't happen in the United States. We don't do that."

-- Costco Connection, March 2011

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