Video - Inside Job director, Charles Ferguson, at the Oscars - Feb. 27, 2011.
Charles Ferguson's brilliant film on the financial crisis won the Academy Award last night for Best Documentary Feature. In itself, the Oscar represents a win for the anti-bailout movement, but Ferguson seized the moment during his speech to make this simple, but powerful statement:
- "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."
And remember, he said this in front of a crowd who just two years ago were falling all over themselves pledging their readiness to "serve" the newly elected Barack Obama. More comments that Reuters picked up from Ferguson backstage:
- “The biggest surprise to me personally and biggest disappointment was that nobody in the Obama administration would speak with me even off the record — including people that I’ve known for many, many years."
- “Unfortunately, I think that the reason is predominantly that the financial industry has become so politically powerful that it is able to inhibit the normal process of justice and law enforcement."
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Watch the Trailer here...
Photo - Charles Ferguson accepts the Oscar for Inside Job - Feb. 27, 2011.