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Inside Job
 
 

Inside Job [Kindle Edition]

Charles Ferguson
4.3 out of 5 stars  See all reviews (10 customer reviews)

Print List Price: £12.99
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Review

Ferguson presents a fierce indictment of predatory activities of parts of the financial system and of the corruption of democracy that big money financial lobbying has caused. A book well worth reading regardless of whether you fully agree or not with all of its arguments. --Nouriel Roubini, Professor at New York University and author of Crisis Economics

This take-no-prisoners account of the financial crisis follows the money, connects the dots, names names, and asks the questions our leaders still refuse to answer: how have those responsible for the crisis not been held accountable, and how can we make sure it doesn t happen again? --Arianna Huffington, Editor-in-Chief of the Huffington Post

As gripping as any thriller. --The Guardian on Charles Ferguson s film Inside Job

He's clever, he's funny, he doesn't pull his punches… [Ferguson's] evisceration of the Obama government's alliance with the banks opens a new front in the war on Wall Street…. If only righteous fury were always this enjoyable. --The Guardian

One of the outstanding journalistic achievements of the past decade --Daily Mail on the film Inside Job

‘I was totally gripped and have sat up in bed every night reading [Inside Job] until my eyes just couldn’t stay open any more. I liked the film, and the book is even better… you have to read this book.' FT Weekend review

Product Description

The definitive big picture on the financial crisis, from the man behind the Oscar-winning documentary that exposed the workings of the new economic eliteBased on explosive interviews conducted personally by award-winning filmmaker Charles Ferguson, as well as newly released court documents and information buried in archives, Inside Job traces in gripping detail how the financial industry and its enablers went rogue. Ferguson shows how three decades of deregulation created a “predator nation” and invited the crisis, particularly as key players cycled through positions of power in government, “independent” academia, and big-ticket finance. With clarity, toughness, and stunning freshness, he delivers an unrivalled accounting of how the new economic oligarchy have wrested control of our politics – and our prospects for eventual recovery.The definitive big picture on the financial crisis, from the man behind the Oscar-winning documentary that exposed the workings of the new economic eliteBased on explosive interviews conducted personally by award-winning filmmaker Charles Ferguson, as well as newly released court documents and information buried in archives, Inside Job traces in gripping detail how the financial industry and its enablers went rogue. Ferguson shows how three decades of deregulation created a “predator nation” and invited the crisis, particularly as key players cycled through positions of power in government, “independent” academia, and big-ticket finance. With clarity, toughness, and stunning freshness, he delivers an unrivalled accounting of how the new economic oligarchy have wrested control of our politics – and our prospects for eventual recovery.

Product details

  • Format: Kindle Edition
  • File Size: 909 KB
  • Print Length: 384 pages
  • Publisher: Oneworld Publications (24 May 2012)
  • Sold by: Amazon Media EU S.à r.l.
  • Language: English
  • ASIN: B0085V4TYE
  • Text-to-Speech: Enabled
  • X-Ray: Not Enabled
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (10 customer reviews)
  • Amazon Bestsellers Rank: #67,430 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

4.3 out of 5 stars
4.3 out of 5 stars
Most Helpful Customer Reviews
5 of 5 people found the following review helpful
By RT
Format:Paperback|Amazon Verified Purchase
I bought the Kindle version of this book as a "daily deal offer" without having heard of the film, which I have now bought (but not yet watched).

I previously had a fairly vague idea of the reasons behind the crisis, and tended to the view that yes the bankers were overpaid and greedy, but that we had all participated in borrowing and spending "easy money". I thought that the crisis was simply an unforseeable accident.

The book soon wiped away this view. Ferguson writes well and describes in easily understandable language just what was behind the crisis. He explains sub-prime mortgages, structured products, derivatives and hedge funds, CDOs and other exotic financial instuments. I now feel that I understand what these things are. Ferguson's writing style is clear and pleasurable to read, his only failing in this respect is that he often repeats things later on, but this is a minor irritation.

The book is well researched and backed up with extensive citations and references - the last 20% of the Kindle edition. What really opened my eyes was his detailed account of how the entire finance industry, banks, investment banks,mortgage lenders, ratings agencies, academics, regulators (in the USA) and insureres are all in each others pockets, with a common goal of self-enrichment at all costs. It is truly horrifying to learn that even when the property bubble was deflating, investment banks and insurers were offloading toxic assets onto unsuspecting investors, even betting (via "shorts") that these investment funds, sold to inexperienced or non-savvy institutions, would fail.

This book is a biting indictment of a system which rewards insiders by huge salaries and bonuses, while allows failure and fraud to go unpunished.
... Read more ›
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4 of 4 people found the following review helpful
4.0 out of 5 stars A more rounded picture than the film 8 July 2012
Format:Paperback|Amazon Verified Purchase
I bought this having watched the film several times. The book has the advantage of being able to go into subjects in greater depth, with more examples, and whilst the film's awkward interviews and "xxxx declined to be interviewed" lines made for a good spectacle they ultimately made the film appear very one-sided. The book is much better at placing the 2008 crisis in context - comparing the banking "industry" with other large, complacent and often corrupt American industries of the past (cars, steel etc.); and also there's more on how banking and finance have contributed to a massive rise in income inequality over the past few decades - a rise which has masked declining living standards for the bulk of the US (and UK) population.

It's also more up-to-date, of course. However the final chapter on "What should be done" is very brief - none of the ideas are fully developed. And the book has several irritating typographical errors, especially near the beginning - the odd word missed out or two words conflated. Not to mention the use of the word "incented" instead of "incentivised"; not a word I was able to find in the dictionary online (English or American).
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1 of 1 people found the following review helpful
5.0 out of 5 stars Perhaps best book on the finance crisis 21 Jan 2013
By Jippu
Format:Kindle Edition|Amazon Verified Purchase
Ferguson has also done a documentary, but the book is better. The analysis is clear and convincing and touches areas which are not mentioned in other books. E.g., in comparison to Lewis' "Big short" Ferguson, offers a much more comprehensive analysis on the mechanisms that led to the meltdown. The main explanation that it was not in the individual actors' interests to blow the whistle, mainly because they did not stand to lose personally. And so much money was involved that you could corrupt anybody... So most people were quite aware that terrible things were happening, but still did nothing. Ferguson thinks it was grievously wrong that the main culprits have not been prosecuted, because only this would stop future crises from developing.
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13 of 16 people found the following review helpful
4.0 out of 5 stars We needed this... 1 July 2012
Format:Kindle Edition
It's a powerful expose, & a genuine rallying call against the dangers of poorly governanced hegemonies. I only withhold one star for what the author doesn't fully take on board, despite the title: it is the culture that needs reform. We all need to play our part in encouraging health & transparency, by recognising service where it is delivered, & reasoning or voting with our feet otherwise. "Them versus us" risks perpetuating the falsehood that allowed the idiotic disaster in the first place. Still, if this book rneans more folk feel empowered to take the issues seriously & demand proper answers, it will surely serve its purpose well.
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5.0 out of 5 stars A fascinating read 13 Jun 2013
Format:Kindle Edition|Amazon Verified Purchase
I loved the film and the book is very bit as good a truly fascinating insight to the nature of finance and the causes of the crash. Also an excellent analysis of the problems with modern America. I heartily recommend this.
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5.0 out of 5 stars Everything you want to know. 5 May 2013
Format:Paperback|Amazon Verified Purchase
I have always wondered that despite the fact the world was bought to its financial knees by the bankers from 2008, no-one has really been held to account - neither are they ever likely to be. This book explains it all; what happened, why it happened, who dunnit and who was let off and why! I can't wait for his sequel later this month (May 2013).
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4.0 out of 5 stars Damning indictment of the mess we're in 4 Mar 2013
Format:Kindle Edition
Detailed and insightful critique of corporate America, although Europe is mentioned too. The writing at times got a bit panic stricken. Overused the word 'toxic' and some facts were repeated several times but overall, an interesting book which made angry and sad all at the same time.
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