Where was or is the oversight? Filmmaker Jed Rothstein exposes the scam with the assist of savvy investors who themselves made a killing in the downturn. From the producers of Enron: The Smartest Guys In The Room comes a Wall Street heist story about a still-unfolding financial crime so big, it has the power to affect all of our wallets. Follow me on , on , and on. Regular run starts Fri Mar 30! Investors on the fringes of the financial world feverishly seek new alternatives for high-return investments in the global markets, and have found a goldmine in China. Makeshift solutions led to a market frenzy, until one investor discovered the massive web of fraud left in its wake. The frank, level-headed tone of the documentary does not transform into the righteous anger that such financial corruption calls for.
They refused to participate in the system and sold their overinflated stocks. With enough press attention and public awareness — and make no mistake, it deserves and needs such attention due to the import of the subject matter — audiences in the limited theatrical markets will support it, and people at home wondering what new threat is emerging to their retirement plans or, as is sadly the case for a lot of people, what threat wiped out their retirement savings already will rent it. Or a way to make more money for ourselves and take more than others? Greed and indifference played important roles. What important did they call upon to continue their efforts? From the producers of Enron: The Smartest Guys In The Room comes a Wall Street heist story about a still-unfolding financial crime so big, it has the power to affect all of our wallets. Small companies in China were merged with shell companies in the U.
Compatible device and high-speed, broadband Internet connection required. At the end of the film, with an eye on making it personal, Rothstein interviews victims of the scam: older couples, middle-class, hard-working folks. But to see so much blatant evidence backing up the notion and explaining just how matter-of-factly everyone goes along with it, and to witness the sheer contempt that regulators and members of Congress have for anyone trying to really expose and stop such frauds, is still infuriating. But when one investor discovers a massive web of fraud, everything else is called into question. Teens who have an interest in economics, politics, and business ethics, or even simply recent history, should find the film engaging.
The China Hustle is a briskly paced, easy to understand, humanizing look at what is being called one of the biggest financial frauds in history. Which category or categories applies to The China Hustle? Award-winning filmmaker Jed Rothstein's film works as both a cautionary tale and as a compelling study of ineptitude, wishful thinking, and greed among folks in the U. Showtimes announced and tickets on sale Mon Mar 26. It's almost fitting that those brave souls figured out a way to make a profit amid the chaos. The facilities are low-volume and appear deserted; one had a large swathe of rotting cardboard instead of real product worth the billions of dollars the company claimed on its American financial receipts. The companies used a loophole in the U. Parents need to know that The China Hustle is a documentary about a massive fraud that was perpetrated on American investment markets after the 2008 economic meltdown.
. Fraud becomes simply a daily part of doing business, and — as the film notes — companies literally budget money for payment of fines arising from their participation in inevitable fraud. But while the primary fraud accusations are themselves damning and signal a major threat to global trade and economic stability, there is a more sinister and existential threat at the heart of the story. As infuriating as men like Clark may be, their squinty-faced denials in front of the camera are hardly satisfying for the viewer. Dan David serves as the equivalent of a protagonist, to the extent there is one. Pricing, channels, features, content, and compatible devices subject to change. The results of his investigations led him to change tactics and spend the last several years raising the alarm — along with several other people featured in the movie as well — and trying to get Congress to take action.
Rothstein shocks us, teaches us, and keeps us rooting for the few men who had the courage and desire to speak out even when no one would listen. In the time of the 24-hour new cycle, the internet, and the explosion of pundits pontificating in sound bites, movies like The China Hustle still have a singular way of holding an audience's attention for an hour or more to delve deeply into an important and timely issue. We also see a lot of real people who lived through the fraud and suffered, others who lived through it and made a profit, and those who lived through it and profited but now work to expose it and put an end to it and an end to their own profits, it should be noted. Everybody appeared to be making easy money. The fallout from these discoveries caused the more conscientious involved parties, like David, to jump ship immediately. The film is The China Hustle, opening this weekend in limited release and on select streaming services, and it is a klaxon warning of potentially impending economic disaster. Number of permitted concurrent streams will vary based on the terms of your subscription.
In the midst of the 2008 market crash, investors on the fringes of the financial world feverishly sought new alternatives for high-return investments in the global markets. With a limited theatrical release and being a documentary, The China Hustle would be expected to perform akin to most similar issue-oriented documentaries, meaning perhaps a few million dollars in theatrical revenue. Streaming content may count against your data usage. How did Jed Rothstein and his team meet this challenge? The film fits squarely into the trendy subgenre of financial corruption documentaries that have propagated since the 2008 housing crisis. This is the gist of titular hustle laid out in the documentary.