Inside Job Summary Inside Job is a documentary by Charles Ferguson‚ about the causes of the global financial crisis and revealed what was going on inside the U.S. financial industry during the first decade of the 21st century. The movie highlights the effects of a series of causes beginning in the Regan Administration. These causes most prominently include deregulation that allowed excessive and reckless actions in finance‚ fraud‚ and conflicts of interest. Deregulation allowed the financial
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1 - Summary - Inside Job - Introduction - 1)Inside Job opens with a case study of Iceland‚ a nation that was possessed by the cancer of free radical finance. 2)Iceland was stable – low crime‚ strong education‚ strong stability in social and financial systems. 3)Multinational corporations such as Alcoa were then allowed to come into Iceland and install their business thereby disrupting the integrity of the system. 4)Three of their largest banks were privatised and in only five years‚ they combined
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sector driven by bottomless greed and impervious to its impact on wider society. Perhaps the most depressing aspect of the story is the absence of any sense of lessons learned or evidence of remorse for the tens of millions of people who have lost their jobs‚ savings and homes as a result of the crisis. The story begins in Iceland‚ a stable democratic society described as almost attaining ‘end of history status’. This small‚ prosperous state of 320‚000 people became a basket case almost overnight when
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several times of their value. Derivatives allowed the lender to repackage the loan and sell to investment banks‚ which in turn repackage and sell them to investors without considering if the customer ever pays the loan back‚ since they have their money. Banks and greedy lending groups were showered with incentives to give loans to anyone for exorbitant interest rates‚ and since nobody cared if the loans were repaid‚ the commission alone was all that mattered. The massive amount of liquidity in the
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Inside Job: Exposing Unethical Practices on Wall Street The documentary Inside Job‚ directed by Charles Ferguson‚ explains the financial crisis of the late 2000s that culminated with the Wall Street collapse in 2008. Beginning with a background of the American financial industry‚ the film tells the story of how banking practices caused the eventual global recession. Up until the 1980’s‚ the US financial system was highly regulated‚ at which point began a long period of “deregulation”. One of the
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Taylor Lewis Accounting 03/10/2013 Inside Job The movie “Inside Job” was a very controversial movie. It talked about the financial crisis and how it affected everyone. Personally‚ it made me angry. All of the big companies such as Goldman Sachs‚ Citi Bank‚ Meryl Lynch‚ and many more‚ performed unethical activities. They went behind their customers back to bet against them just to make more money‚ and the statistics don’t lie. From 1978 to 2008 a banker’s regular salary went from $47‚000 a year
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director of Inside Job‚ the progressive deregulation of the financial sector since the 1980s gave rise to an increasingly criminal industry. In fact‚ many executives and leaders that were involved in this meltdown refused to answer questions‚ and some refused to interview for the documentary all together. The financial crisis of 2008 left many of us with many unanswered questions wondering how the most powerful nation in the world ended up with a destructed economy. The documentary Inside Job hunts down
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Inside Job the movie Is hard to watch a documentary like this one and not feel angry and frustrated to know that the reason we are in the deep mess we have could have been prevented if a little supervision would have been implemented and the government auditors would have done their jobs with some ethics. Is also true that money is out there for the smart to get and these CEOs used their power and intelligence to acquire big amounts of wealth that affect our economy greatly. Objectively in my opinion
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ANALYSIS OF THE DOCUMENTARY MOVIE “INSIDE JOB” Basic Information about Documentary: Directed by Charles Ferguson Produced by Audrey Marrs Charles Ferguson Narrated by Matt Damon Music by Alex Heffes Cinematography Svetlana Cvetko Kalyanee Mam Editing by Chad Beck Adam Bolt Distributed by Sony Pictures Classics Release date(s) May 16‚ 2010 (Cannes) October 8‚ 2010 (United States) Running time 108 minutes Country United States Language English Introduction: US Financial crises in 2008 hit all economies
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The Inside Job Jacob Williams Ethics/ 316 November 2‚ 2012 Rodney Sprauve The Inside Job The documentary The Inside Job tells the truth about the downfall of how greed‚ the lack of ethics and poor moral values destroyed the economy of the world. Charles Ferguson deserves an award for bringing the truth to light as well as his narrator Matt Damon. This documentary shows how a lack of ethical values hurt the masses by the poor choices of those in power. It shows how corrupt that the
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