DVD
REVIEW: THE FLAW
2/12/12
Today, a question still haunts
America: What exactly caused the world's largest economy to
collapse?
In October 2008 Alan Greenspan
admitted to the US Congress that he had been mistaken to put so
much faith in the self-correcting power of the free markets ad
that he had failed to anticipate the self-destructive nature of
wanton mortgage lending and the housing and credit bubble it
generated. Taking for its title Greenspan's description that
he'd found a flaw in his model of how the world worked, THE FLAW
explains the underlying causes of the crisis in more depth than
any documentary to date. Releases before the rise of Occupy Wall
Street, THE FLAW addresses the concept of the "1% and
99%" which served as that movement's battle cry.
Made by international
award-winning documentary filmmaker David Sington (In The Shadow
of the Moon), the film tells the story of the credit bubble that
caused the financial crash. Thorough interviews with some of the
world's leading economists, including housing expert Robert
Shiller, Nobel laurate Joseph Stiglitz, and economic historian
Louis Hyman, as well as Wall Street insiders and victims of the
crash including Ed Andrews former economics correspondent for
The New York Times who found himself facing foreclosure --
and Andrew Luan, once a bond trader at Deutsche Bank now running
his own Wall Street tour guide business, the film presents an
original and compelling account of the toxic combination of
forces that nearly destroyed the world economy.
Using informative charts,
graphics, archival footage and vintage animated films extolling
the virtues of the free market, THE FLAW analyzes key facts and
statistics to show how the fluctuation of the U.S. economy since
the early 20th century has been affecting Americans. Some of the
facts presented in the flim include
*The share of total American
income going to the top 1% peaked in 1929 at 22%, but has now
climbed back even higher.
*In 2003, 40% of U.S. corporate
profits was earned by the financial sector.
*In 2007, the top 1% earned 24%
of all U.S. income. Therefore, 15,000 Americans earned $700
billion, which is half the GDP of Brazil.
VIDEO:
Widescreen
AUDIO:
Dolby Digital 2.0 Stereo
SPECIAL FEATURES:
Interview with Director David Sington
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