
With three minutes of interview time remaining, the suddenly irritated Dean of Columbia Business School tells Inside Job’s director, Charles Ferguson, “Give it your best shot!” Ferguson does. Much like that interview, his film begins as a light, friendly discussion about the current financial crisis and quickly becomes an infuriating and unfiltered brawl between director and subjects. Though the recession may technically be over, the economy is still an enormous mess – one that Inside Job is ready to blame on everyone remotely accountable. “This is how it happened,” an opening title confidently proclaims. What follows is not only Peter Gabriel’s “Big Time,” but also the best and most essential documentary I’ve seen all year.
The financial meltdown of 2008 didn’t begin with Bush II, Clinton, or Bush I; it began even earlier, and the feat of clearly and comprehensively explaining who is to blame and why is a hefty one. Ferguson takes on this challenge, however, and (with Matt Damon at the microphone as narrator) interviews members from two camps: 1.) the people who say those involved in the meltdown did so out their own greed and committed indefensible acts and 2.) a selection of high-profile people actually involved in the meltdown who are incapable are defending their actions.
Smartly, Ferguson makes it clear that the breadth of the crisis is, in fact, difficult to grasp, and that admission is a major factor of Inside Job’s success as a slick and engrossing documentary. It never attempts to over-simplify the situation, instead choosing to treat its audience like adults. Snazzy graphs and charts are used (and animated) well, explaining complicated elements like derivatives in a way that admits their complicated nature while still defining them well enough to both follow the film and get angry while doing so.
And yes, despite its ultra-polished appearance, Inside Job is a very angry movie, but thankfully, not an obnoxious one. Whereas documentarian Michael Moore uses gimmicks on his subjects to make a point, Ferguson merely asks them questions. Lured into a false sense of security by the high production values, good lighting, and initial discussion, his subjects spend a great deal of the film’s final segments angrily fumbling through their responses or reacting with a stuttering silence to the questioning as it grows more direct, personal, and damning. This is a man who treats his subject and audience with the same amount of intelligence, making sure that both do some heavy thinking – and research – after the movie is over.
Inside Job was released today, which is also the day you should probably see it.