Inside Job

Kylie Garrett


This film is entirely about economics. Inside Job is about the financial crisis of 2008 and what happened because of it. Things such as national debt, unemployment, and the housing bubble caused the U.S. to be in a state of panic. Many people suffered from this, and it was more difficult to pay for things in the U.S. during this time period.

Inside Job was a biased film. In this film they narrate it from more of a citizen point of view. They showed what happened, but also how it affected U.S. citizens. Therefore it did provide objective information. They saw that what happened on Wall Street was their fault. They held interviews with important figures in some of the national banks that were a cause in the crisis. Many people had very different opinions from what they thought was right and wrong during this crisis.

"The financial industry is a service industry. It should serve others before it serves itself." -Christine Lagarde


Inside Job is a documentary about the financial crisis of 2008. This crisis caused millions of people to lose houses and become unemployed. First, it begins with changes leading up to 2008 such as derivatives. Derivatives are complex financial products that were introduced as making markets safer, but later proved to make them unstable. Regulation of these derivatives was later banned in 2000. The 1980 crisis cost tax payers 124 billion dollars and the 2001 crash caused 5 million dollars in losses. One huge affect of the crisis on citizens was the housing bubble. Homeowners would pay their rent or mortgage to "lenders" which was then passed to investors. This started to cause problems. During the bubble house prices nearly doubled and homeowners were forced to borrow more money in order to pay mortgages. This caused many foreclosures and unemployment. Though the crisis caused a huge problem in the U.S. many at fault for this received no punishment for their role in the financial meltdown. Some of their banks are even bigger and competing with the banks that are rising to the top.


I thought this film was interesting, but I didn't understand parts of it. Since the majority of the film was about banks and economics, I didn't understand all of what they were saying. I do think that what happened to our country during the crisis should have been taken full responsibility for. A total of $20 trillion was lost! Many banks didn't see what they were doing as a bad thing. They were still bringing in lots of money for themselves because of their high status. Seeing this made me want to gain a better understanding about the topic so I can avoid these things in the future.

Rating - 3

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"They will tell us that we need them and that what they do is too complicated for us to understand. They will tell us it won't happen again. They will spend billions fighting reform. It won't be easy. But some things are worth fighting for." -Narrator (Matt Damon)


1. How do you think our economy would be affected by a financial crisis today?

I think our economy would still suffer, but we would be prepared. Since we have been through the 2008 crisis we would know that when things start falling we need to be ready to adjust our economy in order to make it through the new crisis. I think we could overcome it more quickly than in 2008. We wouldn't let it get too deep and too far than before.

2. What happened during the housing bubble that caused the devastation?

During the housing bubble banks weren't able to keep up with all of the mortgages. House prices nearly doubled and caused many foreclosures because homeowners were forced to borrow more and more money that banks did not have to offer them. This caused larger losses for the banks financially.

Production Info

Producer: Charles Ferguson and Audrey Marrs

Production company: Sony Pictures Classics

Distribution company: Cinetic Media

Locations filmed: United States, Iceland, England, China, France, and Singapore.

Year: 2010