The Flaw (NC)

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The Independent Culture

If the material in this documentary on the financial meltdown seems overfamiliar that's because you've encountered most of it already in the superior Inside Job.

Examining the catastrophe of borrowing and mortgage-refinancing as it impacted on various American Everybodies, the film does little more than wring its hands with woe. The title comes from Alan Greenspan, the gnomelike money guru whose testimony to Congress identified "a flaw in the model that I perceived is the critical functioning structure that defines how the world works, so to speak". Er, thanks for that. In a nutshell, runaway greed scuppered the whole system. The top percentile of high-earners made a killing, while Joe Public went to the wall. Class dismissed.