The Informant (Steven Soderbergh, Matt Damon) is out in theaters now. I had no idea it was based on a true story…a genuinely crazy true story of corporate price fixing, FBI informants, and an eager-to-please executive. Kurt Eichenwald wrote a series of article about the case for The New York Times, which he fashioned into a book. This American Life devoted an entire hour to this story back in 2000…it’s a fascinating listen.
We hear from Kurt Eichenwald, whose book The Informant is about the price fixing conspiracy at the food company ADM, Archer Daniels Midland, and the executive who cooperated with the FBI in recording over 250 hours of secret video and audio tapes, probably the most remarkable videotapes ever made of an American company in the middle of a criminal act.