Submitted by: Editor
Inside Job Takes Home Oscar For Best Documentary
Charles Ferguson's searing expose on the causes of the financial crisis, Inside Job, won the Oscar for best documentary.
The evening's only political commentary came by way of Mr. Ferguson who stated in his acceptance speech, “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”.
The Hollywood crowd erupted in applause.
[Ferguson] I don’t have a problem with people getting wealthy if they work hard, contribute to society and do valuable things. There are people in Silicon Valley who are enormously wealthy. But for the most part they are enormously wealthy because they did something useful and valuable.
The problem here is that in finance people can get enormously wealthy by causing enormous damage to many other people. And that hasn’t been stopped. That’s part of why I am concerned that this could happen again in another decade.
Congratulations Mr. Ferguson!