Movie Reviews of films that will be playing at TIFF (Toronto International Film Festival) in 2017. Go to TIFF 2017 Movie Reviews and read reviews of films showing at the festival.
Produced by Alex Gibney who directed ENRON: THE SMARTEST GUYS IN THE ROOM about the last 2008 stock market crash, THE CHINA HUSTLE could be considered a sequel as well as warning to all stock traders.
As in his previous film, THE CHINA HUSTLE is an unsettling and eye-opening Wall Street horror story, though this time the target being the Chinese companies listed on the American stock market. The film opens with the main subject, whistleblower Dan David confessing: “There are no good guys in this story, including me.”
After the 2008 stock market crash, David — like almost everyone else in finance — was looking for ways to make big gains quickly. China became an appealing target. Hundreds of Chinese companies entered the US stock market through reverse takeovers with American companies. They boasted tremendous growth, had little oversight, and created a stock-market feeding frenzy. It seemed too good to be true and it was.
The film follows the same pattern as EVRON, interviewing the whistleblowers, with the subject of fraudulence revealed and angering the audience to boiling point.
Again, he has on camera, the poor unsuspecting investors, usually the retirees who have lost all if not a fair portion of their hard earned savings. The film is not as tight or strong as ENRON, bout it is till an engaging informative documentary. All investors should put this doc down as a must-see!