Inside Job Transcript - Final Version - 9.30.10 - Sony Pictures Classics

Inside Job transcript – Sony Pictures – September 2010 3
GYLFI ZOEGA: It went so far as the government here traveling with the bankers, as a,
as, as a PR show.
01:05:03.15
NARRATOR: When Iceland's banks collapsed at the end of 2008, unemployment tripled
in six months.
ANDRI MAGNASON: There is nobody unaffected in Iceland.
01:05:22.24
CHARLES FERGUSON: So a lot of people here lost their savings.
GYLFI ZOEGA: Yes, that's the case.
NARRATOR: The government regulators who should have been protecting the citizens
of Iceland had done nothing.
GYLFI ZOEGA: You have two lawyers from the regulator, {STUTTER} going to a bank
to talk about some issue. When they approach the bank, they would see 19, uh, SUVs
outside, heh, outside the bank. Right? So you got to the bank, and you have the 19
lawyers sitting, uh, in front of you, right? They are very well prepared; uh, uh, ready to
kill any argument you make. And then, if you do really well, they offer you a job, right?
01:06:01.24
NARRATOR: One-third of Iceland's financial regulators went to work for the banks.
GYLFI ZOEGA: But this is a universal problem, huh. In New York, you have the same
problem, right?
01:06:13.25 {MUSIC CUE}
{SONY PICTURES CLASSICS
PRESENTS
A REPRESENTATIONAL PICTURES FILM
IN ASSOCIATION WITH
SCREEN PASS PICTURES
A CHARLES FERGUSON FILM}
{INSIDE JOB}