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

Inside Job transcript – Sony Pictures – September 2010 72
NARRATOR: As of mid-2010, not a single senior financial executive had been criminally
prosecuted, or even arrested; no special prosecutor had been appointed; not a single
financial firm had been prosecuted criminally for securities fraud or accounting fraud.
The Obama administration has made no attempt to recover any of the compensation
given to financial executives during the bubble.
02:42:05.11
ROBERT GNAIZDA: I certainly would think of criminal act-, action against some of
Countrywide's top leaders, like Mozilo. I'd certainly look at Bear Stearns, Goldman
Sachs and Lehman Brothers, and Merrill Lynch.
CHARLES FERGUSON: For criminal prosecutions.
ROBERT GNAIZDA: Yes. Yes.
CHARLES FERGUSON: In, in regard to –
ROBERT GNAIZDA: They'd be very hard to, to win.
CHARLES FERGUSON: Yeah.
ROBERT GNAIZDA: But I think they could do it, if they got enough underlings to tell the
truth.
02:42:31.05
NARRATOR: In an industry in which drug use, prostitution, and fraudulent billing of
prostitutes as a business expense occur on an industrial scale, it wouldn't be hard to
make people talk, if you really wanted to.
02:42:43.13
KRISTIN DAVIS: They gave me a plea bargain, and I t-, I took it. Um, they were not
interested in any of my records; they weren't interested in anything.
CHARLES FERGUSON: They were not interested in your records.
KRISTIN DAVIS: That's correct. That's correct.
02:42:54.15
ELIOT SPITZER: There is a sensibility that you don't use people's – uh, personal vices
in the context of Wall Street cases, necessarily, to get them to flip. I think maybe it's,
after the cataclysms that we've been through, maybe people will reevaluate that. I'm, I'm
not the one to pass judgment on that right now.