Basic Information about Documentary:
Sony Pictures Classics
May 16, 2010 (Cannes)
October 8, 2010 (United States)
US Financial crises in 2008 hit all economies of the world and this documentary 'Inside Job' is a detailed analysis of said crisis which cost over $20 trillion, millions of people lost their jobs and homes in said crisis, The Financial crisis in 2008 was second largest financial crisis since Great Depression. Through extensive research and interviews of major journalists, politicians, academics, and financial insiders, the film tries to find out the route causes of this financial crises, the corruption in the financial and political system of US, impact of this corruption on global economies.
Five-Parts of the Documentary
The documentary has been divided into five parts which are:
Part-I : How We Got There
Part-II : The Bubble (2001-2007)
Part-III : The Crisis
Part-IV : Accountability
Part-V : Where Are We Now
Part-I: How We Got There
The Part one of the documentary explain that how this Financial took place. From where did it started.
The main cause of this Financial crisis was deregulation in 1980s of Financial Institutions which include Banks, Insurance Companies, Credit Rating Agencies etc. As a result of this deregulation, the Financial Institutions started playing in their own ways to get maximum personnel benefits. This documentary also explained that due to deregulation the three major banks (Iselandsbanki, Kaupping, and Glitnir) in Iceland created bubble in economy that burst at the end of 2008. In 1982 the Regan’s Administration allowed banking industry to making risky investment with the