The Flaw

2011 "What happens when the rich get richer?"
7.1| 1h18m| en| More Info
Released: 21 January 2011 Released
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Official Website: http://www.theflawmovie.com/index.html
Synopsis

The story of the credit bubble that caused the financial crash. Through interviews with some of the world's leading economists, including housing expert Robert Shiller, Nobel laureate Joseph Stiglitz, and economic historian Louis Hyman, as well as Wall Street insiders and victims of the crash including Ed Andrews - a 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.

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Reviews

Steve Schreiber The Flaw delivers the story of the causes of the financial crisis and what may have caused it. There is bias in this documentary but it isn't as overt as most documentaries. The great thing and the reason why I believe that everyone should watch this movie is that this documentary delivers a the information of the financial crisis in a format that is easy to digest and gives great visual representation of everything that lead up to the collapse. The flaw of The Flaw is that there are some stories and story lines that are personal to one or two people instead of a whole audience. These stories, in my opinion, are David Sington's attempt to elicit an emotional connection and reaction to what happened with the financial collapse. This makes the documentary feel more personal and allows the viewer to feel more connected to the issues. That said, that is part of what I am not a huge fan of with these types of documentaries. I personally would have rather just had the information and the graphs and charts showing what happened without the personal stories so that the movie wouldn't feel so biased. This is a good documentary that is a scant 78 minutes, has good information and is easy to get through.
gacha2013 Only 2 reviews for this remarkable film? I leave the spoiler box unchecked, but really, the film is a "spoiler" since it refers to the most recent crash, a veritable implosion of the global economy based partially on mortgage backed securities. The film is British, so at the very least we have a fine mix of American and British academics in economics giving slightly different, but converging approaches to what happened.I've seen a number of films on the crash (fictional and documentary), and this one is by far the best. The film is technical at times, but this is necessary. Nowadays, many of the actors involved in the financial sector are "financial engineers." The days of simplicity are long gone. It's all algorithms and computers now. The film strikes a perfect balance between archival footage, expert discussion, and interviews with "real people" who were caught up in the real estate binge. And not all of those who bought houses were speculators, some just wanted a decent place to live, and maybe to use that decent place to consolidate debts. The title "The Flaw" seems to have come from testimony given by Greenspan who referred to a flaw in his own ideology. The irony of this Randian admitting a problem with his ideology should not be taken for granted. I walked away from this film wanting to watch it again. I hope more people will watch this film. This is not some kind of anti-capitalist diatribe. Instead the film methodically and subtly point out something we all know intuitively; capitalism as it presently functions cannot be sustained. There are no simple answers. Only some terrifying questions. And by the way, nothing was solved by the bailouts that wasn't short term. Nothing.
suite92 At the start of the film, there is no clear POV (point of view). Instead, the problem is approached in the style of showing each of ten blind men a different piece of an elephant. It takes some work to get the data returned by the blind men into something overarching and coherent, such as a single 3-d model of the elephant which explains all reportage.Brilliant; the experts were all correct, and the film put it all together by the end of the show.Cinematography: 8/10 The archival footage is not all that good. The modern interviews were crisp and well-done.Sound: 8/10 Almost everyone is properly miked. The archival footage of Greenspan versus Waxman in the House hearings was weak.Screenplay: 10/10 Obviously had a lot of careful thought. This is so well done that it moves well even with the large amount of detail and history being conveyed.
Leofwine_draca An extremely interesting look at the problems associated with capitalism in America. This documentary goes hand in hand with Michael Moore's CAPITALISM: A LOVE STORY, although there's more of an emphasis on helping the viewer to understand technicalities (whereas Moore focused on showing the human side of the story).I came out of it with a better grasp of Wall Street, the real estate market, boom and bust and consumer society in general, which is no mean feat. The voice over narration is well judged, the graphs extremely useful and there are no dull bits. The use of old cartoons and film clips adds comedy to a documentary you wouldn't think of as amusing. Recommended.