“Not a single financial executive has gone to jail, and that’s wrong”

This year’s winner for Best Documentary is "Inside Job‘ by Charles Ferguson. In accepting his Oscar, Ferguson said:

"Forgive me, I must start by pointing out that three years after our horrific financial crisis caused by financial fraud, not a single financial executive has gone to jail, and that’s wrong."

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Yes, he used the ‘F’ word – fraud. Famous shortseller Jim Chanos was throwing around F-bombs at this time last year, wondering aloud "where are the perp walks?" There were no perp walks then and there are no perp walks now. I think it’s likely there will be no perp walks in the coming year either – this despite the biggest financial catastrophe in three generations.  What does that tell you about the United States?

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Inside Job, indeed. Here’s the trailer clip.

And here Ferguson explains why he made the film.

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