MAnagement 13
JAIME G. ASTOVEZA MWF
FINANCE 6 6:00-7:00 PM
REACTION PAPER M56
“Inside Job”
”Inside Job” provides a comprehensive analysis of the global financial crisis of 2008, which at a cost over $20 trillion, caused millions of people to lose their jobs and homes in the worst recession since the Great Depression, and nearly resulted in a global financial collapse. Through exhaustive research and extensive interviews with key financial insiders, politicians, journalists, and academics, the film traces the rise of a rogue industry which has corrupted politics, regulation, and academia.
Inside Job is an enthralling documentary about how the reckless actions of Wall Street lead to the near collapse of the financial sector and subsequently the deepest recession since the 1930s. This is the second film by director Charles Ferguson, the first being No End in Sight an equally engaging indictment of the Bush Administration 's handling of the occupation of Iraq. Ferguson focuses on the Wall Street culture and the blatant arrogance of a half dozen men as the main causes of the financial turmoil. Inside Job begins in Iceland where the deregulation of the financial system in the 1990s lead to three banks accumulating assets almost ten times the small country 's gross domestic product. It becomes clear by the midpoint of the film that Iceland is a micro example of what has become a global problem. Runaway banks have been accumulating assets through toxic loans and other maneuvers while paying themselves lavish bonuses.
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
FINANCE 6 6:00-7:00 PM
REACTION PAPER M56
“Inside Job”
”Inside Job” provides a comprehensive analysis of the global financial crisis of 2008, which at a cost over $20 trillion, caused millions of people to lose their jobs and homes in the worst recession since the Great Depression, and nearly resulted in a global financial collapse. Through exhaustive research and extensive interviews with key financial insiders, politicians, journalists, and academics, the film traces the rise of a rogue industry which has corrupted politics, regulation, and academia.
Inside Job is an enthralling documentary about how the reckless actions of Wall Street lead to the near collapse of the financial sector and subsequently the deepest recession since the 1930s. This is the second film by director Charles Ferguson, the first being No End in Sight an equally engaging indictment of the Bush Administration 's handling of the occupation of Iraq. Ferguson focuses on the Wall Street culture and the blatant arrogance of a half dozen men as the main causes of the financial turmoil. Inside Job begins in Iceland where the deregulation of the financial system in the 1990s lead to three banks accumulating assets almost ten times the small country 's gross domestic product. It becomes clear by the midpoint of the film that Iceland is a micro example of what has become a global problem. Runaway banks have been accumulating assets through toxic loans and other maneuvers while paying themselves lavish bonuses.
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