Documentary filmmaker Charles Ferguson was honored last night at the Academy Awards for his film “Inside Job,” studying the financial crisis of 2008. During his speech, he took the opportunity to issue a scathing critique of the government’s post-crisis investigations.
“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,” he said.
In perhaps a stroke of cosmic irony, Monday morning’s edition of New York Magazine featured quotes from jailed Ponzi scheme ripoff artist Bernie Madoff, who said “it’s unbelievable” that no criminal convictions had been issued, adding that he now believes President Obama’s financial reforms were a “joke” and that “the whole government is a Ponzi scheme.”
This video is a trailer for the Oscar-winning documentary “Inside Job,” by director Charles Ferguson.