Inside Job Movie Summary And Review

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Inside Job

Inside Job is a documentary that encompasses everything we would need to know about what exactly happened in the Financial Crisis, which we are still facing today. This film which is directed by Charles H. Ferguson describes the corruption and greed by many of the most famous Financial companies we know of. There are five parts to the film which talk about “How we got here”, “The Bubble”, “The Crisis”, “Accountability” and “Where we are now.”

Part I was called “How we got Here”. This essentially talked about what events led up to this massive financial crisis. The American financial sector was regulated from 1940 to about 1980. There were two major crisis right after deregulation started. First was the Savings and Loan crisis which affected taxpayers, because they were the ones paying for the crisis. Then the invention of derivatives became quite popular. Causing Investors to make money, but also making the market very unreliable and unstable. Also, in 2001, there was a crisis better known as the “Internet Stock Bubble.” This occurred due to the fact that Investment banks purposely invested and promoted Internet companies which they knew that would fail. At the end of it all there were giant firms that had formed, instead of having smaller more personalized Investment banks. The main names that were included in this were Goldman Sachs, Morgan Stanley, Lehman Brothers, Merrill Lynch and Bear Stearns. AIG was also a big name in securitized insurance companies and there were three main credit rating agencies, better known as Moody's, Standard & Poor and Fitch. There was even more instability with the creating of CDO's (Collateralized Debt Obligations). Investors were lending out to people who they knew couldn't afford to buy a certain home or pay the mortgage.

I believe that anyone watching just part I of this documentary can make the assumption that we were going downhill with all these unstable inventions that were supposed to bring in more...

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Inside Job Movie Summary And Review. Anti Essays. Retrieved October 22, 2014, from the World Wide Web: http://www.antiessays.com/free-essays/Inside-Job-Movie-Summary-And-Review-211539.html