Monday, February 28, 2011

Congratulations, Mr. Ferguson (and Spitzer)

Eliot Spitzer, featured prominently in the documentary "Inside Job", may feel vindicated that much more by the film's Oscar win last night.


Then again, no one watches the Oscars, anymore. But had they tuned in, they would have heard the only political statement of the night, delivered by Director Charles Ferguson:


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


Additional congrats and thanks should go to Jeff Lurie, the owner of the Philadelphia Eagles, who bankrolled the film. 


"Inside Job" provides a strong overview of the financial crisis, but it does pull a few punches, partially because additional information about the TARP distribution was only made available this past December, long past the completion of the film.


That additional information was only made available through Bernie Sanders' amendment to the financial reform bill. It's been largely under-reported, but "Draft Spitzer" plans an upcoming post on the issue. 

No comments:

Post a Comment