By Paul Sperry
Investor's Business Daily
November 17, 2010
Inside Job" bills itself as "the first film to expose the shocking truth behind the economic crisis." It exposes whoremongering Wall Street traders, economic consultants who lie on their resumes and Hank Paulson's conflicts.
But it doesn't answer what caused the crisis.
Of course, it thinks it does. "This is how it happened," the film confidently tells viewers before taking them, oddly enough, all the way back to the 1980s. Why then? Because the Reagan administration — "supported by economists and financial lobbyists" — started a 30-year regulatory vacation that fomented unparalleled "greed and immorality" on Wall Street.