Preview

Inside Job

Good Essays
Open Document
Open Document
707 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Inside Job
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 it is a great eye opener that gives regular viewers a close up of the financial sector and how we got to the mess we have. Inside Job documents the chain of reasons leading to the turmoil of the global financial crisis in 2008. About 2008, a wildfire of bankruptcies, foreclosures, and unemployment spread from the United States everywhere the globe as major corporations in the global financial services industry crashed and burned. Part of it is going to center around sorting out the facts of the matter.
It’s hard to tell just from watching it how much of the movie was an outstanding explanation of compound issues, and how much was an over-simplification. In my opinion I believe the story the movie narrates is accurate at a mile-high view and much messier near the ground, which in part clarifies how something like this can happen in the first place. In the middle of it, it’s a lot tougher to see. One of those mile-high truths is that the finance sector, by and large, doesn’t have a strong moral scope, extending from the CEOs down to the analysts. It’s predominantly bad in finance because there’s so much opportunity, but in my personal understanding it is very easy to graduate from a top university without learning a thing about ethics and morals, which leads to a bunch of bright young people entering the real world without any societal inoculation against that kind of corruption.
Beginning with the 1970s, Inside Job covers a series of modifications in the

You May Also Find These Documents Helpful

  • Good Essays

    In Eric Foner, “Founding a Nation, 1783-1791,” Foner depicts the chain of events that occur that led to the formation of a stronger central government and the creation of the US Constitution in 1787. Shay’s Rebellion brought out the weaknesses of the Articles of Confederation, the predecessor to the US Constitution, which gave the federal government very limited powers when I came to raising funds to provide for the general defense of the states. Under the Articles of Confederation, the federal government did not have the ability to raise funds through taxation to fund a national army, instead, it relied upon voluntary contributions from the states. Shay’s Rebellion came about when the state of Massachusetts in 1786 decided to raise taxes in order to pay its state debts, this caused many farmers,…

    • 600 Words
    • 3 Pages
    Good Essays
  • Good Essays

    MAnagement 13

    • 1248 Words
    • 4 Pages

    Inside Job is easily one of the most frustrating documentaries ever made. And that is undoubtedly Ferguson 's intention. The film is critical of Wall Street executives, credit agencies and especially regulatory agencies for the crisis. Inside Job includes interviews from IMF head Dominique Strauss-Khan, congressmen Barney Frank, former New York attorney general Eliot Spitzer and many others. Ferguson traces the…

    • 1248 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Did Wall Street’s financial meltdown really have nothing to do with ethics or governance? Was it instead about bad business decisions and poor government oversight? That is what some business leaders, in a series of 30 interviews I recently conducted, have suggested.…

    • 998 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Before watching the documentary I didn’t know much about the Koch brothers and how much a couple individuals can impact the rest of us within the United States in such a tremendous way. They are rich people that want to make sure that they are as happy as possible. Not worrying or caring about any other individual, but themselves and their own beliefs. So the Koch brothers will do anything and everything that they are capable of doing to make sure that what they want is the outcome of what we get. This movie gave me a different perspective on those with money and how they’re willing to affect everyone else for their own personal beliefs and profit. The documentary had many strengths from how they adjusted from idea to idea showing all the impacts of each belief the Koch brothers have and all the different impact their beliefs have on us due to the amount of money they process. The film, overall, made me pretty angry that someone with as much money as the Koch brothers have, would care so little about the rest of the population. Polluting other people’s neighborhoods, killing other people’s families, ruining cities, and numerous other aspects of life that have been destroyed by the Koch brothers are all characteristic that affect a tremendous amount of people. It proved to me how false someone could be about what is being said and exactly what they mean by what they are saying. After watching this documentary it forced me to feel like I need to get more involved and speak my beliefs more so the near future is not ran by bias opinions towards a group of people especially the working…

    • 822 Words
    • 4 Pages
    Good Essays
  • Better Essays

    According to Norm Bowie, “sometimes being moral enhances the bottom line rather than reduces it” (Hartman, 2005, p108). Unfortunately, in the instances of Penn Square Bank and the Dow Corning bankruptcy, that may not have been the case. The following will examine the particulars of these situations and discuss the ethical issues present for each. Penn Square Bank…

    • 1112 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Anheuser Busch/in-Bev

    • 5914 Words
    • 24 Pages

    * To provide a great tasting fresh beer to our consumers by limiting self life to 110 days, and providing a “born on date” on all our products.…

    • 5914 Words
    • 24 Pages
    Powerful Essays
  • Good Essays

    The culture at Enron had become so free reign and focused on astronomical profits, that it absolutely was a contributing factor to the ethics digressions. Ethics became a complete after thought for the company. Skilling and the executives at Enron were making obscene amounts of money each and every day and at that point pure gluttony took over. The company’s vision became narrowly focused on one thing and one thing only, keeping the absurd profits rolling in, no matter what has to be done in order to do so.…

    • 574 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Are businesses in corporate America making it harder for the American public to trust them with all the recent scandals going on? Corruptions are everywhere and especially in businesses, but are these legal or are they ethical problems corporate America has? Bruce Frohnen, Leo Clarke, and Jeffrey L. Seglin believe it may just be a little bit of both. Frohnen and Clarke represent their belief that the scandals in corporate America are ethical problems. On the other hand, Jeffrey L. Seglin argues that the problems in American businesses are a combination of ethical and legal problems. The ideas of ethical problems in corporate America are illustrated differently in both Frohnen and Clarke’s essay and Seglin’s essay.…

    • 952 Words
    • 4 Pages
    Better Essays
  • Best Essays

    Madoff Securities

    • 3488 Words
    • 14 Pages

    This report discusses and illustrates the role of the internal and external environments, ethics and social responsibility in a modern organization. The main case study used is Madoff Securities, the US finance company that collapsed last year after a web of fraudulent and unethical activities were exposed. The discussion blends theory and facts, from which…

    • 3488 Words
    • 14 Pages
    Best Essays
  • Better Essays

    This is an ethical review of the film Wall Street (Stone and Weiser). It examines ethical dilemmas Bud Fox faced and what made him vulnerable to crossing the ethical line, as well as what factors led to Fox 's attempt to repair the ethical breach. It examines Gordon Gecko 's thoughts on a person 's vulnerability to making an ethical breach and how this related to Bud Fox. Finally, it will take a look at factors in the film that relate to the Enron and WorldCom cases.…

    • 1179 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    “It takes many good deeds to build a good reputation, and only one bad one to lose it.” (Ben Franklin). Goldman Sachs was the most prestigious investment bank with over one hundred years of good business history and on September 21st, 2008 it reorganized itself as a bank holding company. As a bank holding company, it engaged in global investment management, investment banking, securities, and other financial services. An unfortunate series of scandals had put its good reputation in a downward spiral. Goldman engaged in a series of scandals from the collapsed of AIG, ABACUS-AC1 synthetic CDO, and Facebook private investment. What ethical issues had Goldman Sachs disregarded which led to its loss of reputation dilemma?…

    • 1458 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    Most people are aware of the ethical challenges businesses face in today’s world especially, in the financial services industry. Financial services became a major target after several scandals such as Enron and MCI. Unfortunately, the financial industry is very large, which encompasses entities such as banks, insurance companies, mortgage lenders, pension, and securities funds. “The financial service sector represents 20 percent of this index’s market capitalization. Because of the vast size, the industry tends to garner lots of headlines, many of which tout its ethical lapses” (Federwisch). Based on the case study, “Level of Executive Pay” the Chairperson of NYSE is compensated $1.4 million in salary and $1 million in bonuses. This shows he was greedy and his goal was to maximize profit for his personal interest.…

    • 1723 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Macionis. J.J. (2006) Society: The basics (8th ed.) Upper Saddle River, NJ, Pearson Prentice Hall…

    • 703 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Aicba Code Of Ethics

    • 1619 Words
    • 7 Pages

    In any professional field, there are codes of conduct put in place that are meant to discourage unethical behavior. These rules are commonly retaught or reinforced so people within a field are continuously aware of what society expects of them. Usually people get tired of being reminded of these rules as some of them seem like basic curtesy or something anyone with decent parent was taught during youth, but that attitude is what lead to one of America’s biggest financial scandal, Enron. Enron is a perfect case of what happens if you ignore the ethics of accounting and just do anything for profit. This scandal is full of examples of disobeying the basic ethical standards set up by the American Institute of CPAs or better known as the AICPA code.…

    • 1619 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Find at least two articles from the ProQuest database that highlight and discuss two of the biggest challenges facing financial managers today. One of the articles should be about the challenge of maintaining ethical financial integrity and the other article should be on any other challenge that a financial manager may face (e.g., competition, foreign markets, government intervention, etc.).…

    • 887 Words
    • 3 Pages
    Good Essays