'Inside Job' 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.
This documentary travels through a world of joblessness, debt, and economic uncertainty to the sovereign nation of the plutocrats, where each crisis seems to offer a new business opportunity. In America, where the 2008 financial meltdown cost $4 trillion in economic output, fortunes were made by the very people who precipitated the disaster while millions lost their homes and their savings. Austerity in Europe, economic stagnation in Asia, a lost generation of the young and unemployed - signs we are living through a fundamental global reorganization, the result of which no-one can predict. The world of the 1% has arrived, and the wealth gap is now greater in many countries than during the Gilded Age, the era of the Rockefellers, Carnegies and Vanderbilts. Can our stressed democracies deal with the fallout? Or have governments simply become instruments of the new elite?
2017 • Economics
Thursday, October 24: the Wall Street Stock Exchange crashes, the greatest economic crisis of the 20th century suddenly breaks out. The crash, fueled by frenetic speculation, and by the idea that everyone could get rich without limits, put a final stop to the euphoria of the 1920s.
Anita Rani, Ade Adepitan, Ant Anstead and Dan Snow look at food consumption in the Big Apple. From dusk until dawn at the New Fulton fish market in The Bronx, they uncover the hidden night time operations, hard-nosed negotiations and price fluctuations of this enormous wholesale operation. Ade also looks into local apple production, Anita visits a cattle farm that supplies the region's steakhouses, Ant visits the New NY Bridge, and Dan heads to Freshkills on Staten Island. Once the world's biggest landfill, it's been transformed into 2,200 acres of parkland.
In the autumn of 2007, Matthew Lee, a worried accounting executive at Lehman Brothers, began to notice serious financial irregularities in the company's practices. When he refused to approve tens of billions of dollars' worth of suspicious transactions, he was fired. Six months later, Lehman Brothers sank with 631 billion dollars of debt. Lee, who has since emerged as a crucial figure in Lehman's downfall, and other whistleblowers recount their personal stories of fraud and deception that went right to the top of the bank. Ultimately, they paid the price for trying to expose the 2008 subprime mortgage crisis.