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 69<br />
RAGHURAM RAJAN: As the middle class falls further and further behind, there is a<br />
political urge to respond by making it easier to get credit.<br />
{OCTOBER 13, 2002}<br />
GEORGE W. BUSH: You don't have to have a lousy home. The low-income home<br />
buyer can have just as nice a house as anybody else.<br />
NARRATOR: American families borrowed to finance their homes, their cars, their<br />
healthcare, and their children's educations.<br />
02:37:10.09<br />
CHARLES MORRIS: People in the bottom 90 percent lost ground between 1980 and<br />
2007. It all went to the top 1 percent.<br />
NARRATOR: For the first time in history, average Americans have less education and<br />
are less prosperous than their parents.<br />
02:37:34.26<br />
BARACK OBAMA: The era of greed and irresponsibility on Wall Street and in<br />
Washington has led us to a financial crisis as serious as any that we have faced since<br />
the Great Depression.<br />
NARRATOR: When the financial crisis struck just before the 2008 election, Barack<br />
Obama pointed to Wall Street greed and regulatory failures as examples of the need for<br />
change in America.<br />
BARACK OBAMA: A lack of oversight in Washington and on Wall Street is exactly what<br />
got us into this mess.<br />
NARRATOR: After taking office, President Obama spoke of the need to reform the<br />
financial industry.<br />
02:38:09.04<br />
{SEPTEMBER 14, 2009}<br />
BARACK OBAMA: We want a systemic-risk regulator; increased capital requirements.<br />
We need a consumer financial protection agency; we need to change Wall Street's<br />
culture.