Welcome to Scripts.com

01:
00:00.00

{START}

{TITLE:
SONY PICTURES CLASSICS}

{The global economic crisis of 2008

cost tens of millions of people their

savings, their jobs, and their homes.

This is how it happened.}

01:
00:41.18

{ICELAND

POPULATION:
320,000

GROSS DOMESTIC PRODUCT: $13 BILLION

BANK LOSSES:
$100 BILLION}

01:
01:07.00

NARRATOR:
Iceland is a stable democracy with a high standard of living; and until

recently, extremely low unemployment and government debt.

ANDRI MAGNASON:
We had the complete infrastructure of a modern society; clean

energy, food production, fisheries, with a quota system to manage them.

GYLFI ZOEGA:
Good healthcare, good education; you know, clean air; uh, not much

crime; uh, it's good, a good place for families to live.

ANDRI MAGNASON:
We had almost, uh, end-of-history status.

01:
01:40.15

NARRATOR:
But in 2000, Iceland's government began a broad policy of deregulation

that would have disastrous consequences; first for the environment, and then for the

economy. They started by allowing multinational corporations like Alcoa to build giant

aluminum-smelting plants, and exploit Iceland's natural geothermal and hydroelectric

energy sources.

ANDRI MAGNASON:
Many of the most beautiful areas in the highlands, with the most

spectacular colors, are geothermal. So nothing comes without consequence.

01:
02:38.19

[BOOM!]

01:
02:53.15

Inside Job transcript – Sony Pictures – September 2010

2

NARRATOR:
At the same time, the government privatized Iceland's three largest banks.

The result was one of the purest experiments in financial deregulation ever conducted.

Rate this script:(4.20 / 5 votes)