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

Inside Job transcript – Sony Pictures – September 2010 73
02:43:15.28
02:43:27.25
{FEDERAL PROSECUTORS WERE PERFECTLY HAPPY
TO USE ELIOT SPITZER'S PERSONAL VICES
TO FORCE HIM TO RESIGN IN 2008.
THEY HAVE NOT DISPLAYED A SIMILAR ENTHUSIASM
WITH REGARD TO WALL STREET.}
REP. MICHAEL CAPUANO: You come to us today, telling us, we're sorry; we didn't
mean it; we won't do it again; trust us.
Well, I have some people in my constituency that actually robbed some of your banks.
And they say the same thing! They're sorry, they didn't mean it; they won't do it again.
02:43:48.11
NARRATOR: In 2009, as unemployment hit its highest level in 17 years, Morgan
Stanley paid its employees over 14 billion dollars; and Goldman Sachs paid out over 16
billion. In 2010, bonuses were even higher.
02:44:03.26
ANDREW SHENG: Why should a financial engineer, uh, be paid, uh, four, four times to
a hundred times more than the, a real engineer? A real engineer build bridges; a
financial engineer build, build dreams. And uh, you know, when those dream turn out to
be nightmares, other people pay for it.
02:44:28.02
NARRATOR: For decades, the American financial system was stable and safe. But
then something changed. The financial industry turned its back on society, corrupted
our political system, and plunged the world economy into crisis.
At enormous cost, we’ve avoided disaster, and are recovering. But the men and
institutions that caused the crisis are still in power; and that needs to change.
02:44:59.04 They will tell us that we need them, and that what they do is too complicated
for us to understand. They will tell us it won't happen again. They will spend billions
fighting reform.