Inside Job Transcript - Final Version - 9.30.10 - Sony Pictures Classics
Inside Job Transcript - Final Version - 9.30.10 - Sony Pictures Classics
Inside Job Transcript - Final Version - 9.30.10 - Sony Pictures Classics
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<strong>Inside</strong> <strong>Job</strong> transcript – <strong>Sony</strong> <strong>Pictures</strong> – September 2010 18<br />
WOMAN: Did you comment, tch-, that she should, quote, lose any documents<br />
connected with the account?<br />
{NOVEMBER 9, 1999}<br />
{ALBERT MISAN<br />
VP, CITIBANK PRIVATE BANK (NY)}<br />
ALBERT MISAN: I said that in a kidding manner. It was at the early stages of this. I did<br />
not mean it seriously.<br />
01:21:18.28<br />
{FREDDIE MAC<br />
ACCOUNTING FRAUD – FINED $125 MILLION<br />
FANNIE MAE<br />
ACCOUNTING FRAUD – FINED $400 MILLION}<br />
NARRATOR: Between 1998 and 2003, Fannie Mae overstated its earnings by more<br />
than 10 billion dollars.<br />
FRANKLIN RAINES: These accounting standards are highly complex, and require<br />
determinations over which experts often disagree.<br />
NARRATOR: CEO Franklin Raines, who used to be President Clinton's budget director,<br />
received over 52 million dollars in bonuses.<br />
01:21:43.18<br />
{UBS FRAUD – FINED $780 MILLION}<br />
When UBS was caught helping wealthy Americans evade taxes, they refused to<br />
cooperate with the U.S. government.<br />
SEN. CARL LEVIN: Would you be willing to supply the names?<br />
MARK BRANSON: If there's a treaty framework –<br />
SEN. CARL LEVIN: No treaty framework; you've agreed you participated in a fraud.<br />
MARK BRANSON: Mm.<br />
01:22:09.14<br />
{HELPED ENRON CONCEAL FRAUD: FINED $385 MILLION<br />
CITIBANK – JP MORGAN – MERRILL LYNCH}
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