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Monday, June 20, 2011

Inside Job

 

Last night I finally got around to watching the academy award winning documentary "Inside Job." I had been planning to watch it for some time, but somehow ended up finding other things to watch instead. I enjoyed it and found it to be very interesting, but I imagine that readers of prawfs might be split on its merits. A good number of professors (primarily business/economics ) get skewered pretty well in the interviews.

Here are some of my favorite quotes from the movie:

Andrew Sheng: Why should a financial engineer be paid four times to 100 times more than a real engineer? A real engineer build bridges. A financial engineer build dreams. And, you know, when those dreams turn out to be nightmares, other people pay for it

Michael Capuano: You come to us today telling us "We're sorry. We won't do it again. Trust us". Well i have some people in my constituency that actually robbed some of your banks, and they say the same thing.

(My paraphrase) "As I recall I was revising a textbook." (You'll have to watch the movie for context on this one)

Posted by Jeff Yates on June 20, 2011 at 03:09 PM in Corporate, Criminal Law, Culture, Current Affairs, Film, First Amendment, Information and Technology, Law and Politics | Permalink

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Comments

Great selection of quotes. I loved the film and did a review here:
http://balkin.blogspot.com/2010/10/review-of-inside-job.html

But for balance, here is a critique of it:
http://www.washingtonpost.com/blogs/ezra-klein/post/what-inside-job-got-wrong/2011/05/19/AGgGoJgH_blog.html

And a critique of the critique:
http://www.nakedcapitalism.com/2011/06/ezra-klein-should-stick-to-being-wrong-about-health-care.html


Posted by: Frank | Jun 26, 2011 9:25:37 AM

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