Preview

Response to the Movie "The Inside Job"

Good Essays
Open Document
Open Document
267 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Response to the Movie "The Inside Job"
I think the inside job done a great job on the movie. They proved the more money one has the least amount of trouble they will get into. They should receive the same punishment as a low class citizen would get. There are pros and cons about bank giving loans to people who have no or bad credit. If they can afford the payment than yes. If someone cannot make the monthly payment then no. Banks should not be able to sell our mortgage to another company without out our permission. It happened to us a few years ago. It made our house payment and interest rate go up. We called them and was told that we didn’t have a signed contract through the new mortgage company and until we did that was our payment. It took us telling them to start foreclosure papers on it because we could not afford it. Then told us they would fax the information to us to sign. The government should show example of life without bailout. Most people do as they see not as they are told. If they would not get bailed out then they would start making smarter decisions. I honestly do not think anyone person deserves to make 110 million dollars a year. It is a waste of money for anyone to have that pay. I would say everyone should have a maximum set income. Our recession is just getting started. We have not seen the worst of it yet. We will see what happens in the next year. I think we will be in major

You May Also Find These Documents Helpful

  • Powerful Essays

    ECON 410 Final Paper

    • 2384 Words
    • 8 Pages

    So you might ask yourself, what exactly is a recession? According to the Bureau of Labor Statistics, characteristics of a recession include: a general slowdown in economic activity, a downturn in the business cycle, as well as a reduction in the amount of goods and services produced and sold. The official arbiter of U.S. recessions, the National Bureau of Economic Research, states that there has been a total of ten recessions between 1948 and 2011. The most recent financial crisis began in December of 2007, this is considered to be the worst financial disruption since the Great Depression of 1929 – 1933. Although these recessions were different in character, both crises were affected by bank failures that led to large declines in the economy. This last recession known as the Great Recession lasted from December of 2007 to June of 2009, the U.S. economy has yet to return to pre-recession economic times but it has seen an increase in economic growth.…

    • 2384 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    What is now being called the Great Recession lasted from December 2007- June 2009, it is the longest recession since the Great Depression. Statistically, the current expansion has not been good with major issues circling around weak residential and commercial real estate markets and a high unemployment rate. The current economy in the United States is expanding slowly. Although the economy has grown, it is not growing fast enough to sustain the unemployment rate in America.…

    • 486 Words
    • 2 Pages
    Good Essays
  • Good Essays

    The economic recovery as of today is questionable at best, and many fear that a double dip recession…

    • 1002 Words
    • 5 Pages
    Good Essays
  • Best Essays

    The United States (U.S.) entered into a recession in December 2007 (Leonhardt). However, according to U.S. Treasury Secretary, Tim Geithner, “the U.S. economy is rebounding …, but the recovery will be slow and uneven” (http://english.chosun.com). Many…

    • 4864 Words
    • 20 Pages
    Best Essays
  • Good Essays

    Mountain Property

    • 1031 Words
    • 5 Pages

    The first and foremost issue has to do with the foreclosure issue. Unfortunately the bank is fully within its rights to foreclose.…

    • 1031 Words
    • 5 Pages
    Good Essays
  • Good Essays

    A recession is a period of temporary economic decline during which trade and industrial activity is reduced, generally identified by a fall in GDP (Gross Domestic Product) for two or more consecutive quarters. During my search, I came across an article titled “America’s Response to a Deep Recession”. In this article it states that in March 2009 more than nine in ten Americans (93 percent) rated the nation’s economy negatively, as no-so-good or poor, while only 7 percent said it was excellent or good (Blendon & Benson, 2009).…

    • 973 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Government Bailout Benefits

    • 2934 Words
    • 12 Pages

    The big three American automobile companies are showing considerable operating loses. GM is losing $1 billion or more a month. How does a capital injection help? The companies will just burn through the cash (using it to pay labor or pay off debts, old and new, until it is gone). The banks, on the other hand, that are receiving bailout funds have operating profits, they can borrow low and lend high, but suffer from capital requirement issues, which limits what they can lend. A capital infusion helps meet capital requirements, frees up lending and the banks can make a profit. Auto companies are not similar. Unless the auto companies can build and sell a…

    • 2934 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    The United States has experienced recessions before. If a recession is particularly deep and long lasting it is called a depression. The worst U.S. depression was The Great Depression. The Great Depression began with the stock market crash. In 1929 Black Tuesday affected Americans nationwide.…

    • 319 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Response To Bernanke

    • 1121 Words
    • 5 Pages

    All economic indicators point to the fact that the United States has been in a recession for at least a year now. The Gross Domestic Product (GDP), the market value of all final goods and services produced within a country in a given period of time (as defined by Gregory Mankiw in his textbook, “Brief Principles of Macroeconomics”) clearly indicates that the U.S. economy has entered a recession. Consistent with the past three recessions in the U.S. (early 80’s, early 90’s, and 2001-2003), the Real GDP’s growth rate has become increasingly volatile over the past five quarters. In fact, per the Bureau of Economic Analysis (BEA), the GDP has contracted in two of the past four quarters. According to the BEA’s Table 1.1.1…

    • 1121 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Us Recession

    • 899 Words
    • 4 Pages

    The U.S economy is recovering from one of the longest and deepest recessions since the end of WWII. The definition of a recession is, a general slowdown in economic activity, a downturn in the business cycle, and a reduction in the amount of goods and services produced and sold. This is precisely what happened to the U.S economy from 2007-2009. For the years leading up to recession, a then booming housing market lead some to believe a recession was inmate. Since the start of the recession, the United States has tried to regain stability in its economy, and implement fiscal and monetary polices to prevent future crisis.…

    • 899 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    “Historically, recessions have developed over time. This one seems to have developed overnight (Partilla).” This thought is thought to stress the fact that while recessions are at times rare, when they do occur they can have a devastating effect. A recession or economic downturn is defined as a period is temporary economic decline during in which trade and industrial activity are reduced. Economic recession is generally accompanied by a rise in unemployment, high inflation, and decline of the housing market. Otherwise known as “The Great Recession,” the recession in the United States from the year 2007 to 2009 negatively impacted the United States economy by significantly altering the US’s labor market, unemployment rate and recovery potential.…

    • 261 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Are Athletes Overpaid?

    • 1109 Words
    • 5 Pages

    Wouldn’t it be great to make over $100,000,000 a year? Michael Vick and other sports stars think so. But is that really a reasonable amount to be paying someone? These contracts are absolutely unequivocally unreasonable in comparison to the salaries of regular working people who contribute to our society more than an athlete ever will. Teachers are the most important part of our economies future as they are preparing our youth to step out and take on the world. These teachers are the backbone of our future society and yet our government does not give them enough money. Mihir Bhagat says, “the most important man in our nation, the president, who makes critical decisions that affect the entire world every day, only makes $400,000 a year. While President Obama is hard at work reviving the economy, the unproven rookie in the MLB is earning way over that figure.”…

    • 1109 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Even though there are many amazing athletes not every single athlete deserves to earn ten of millions of dollars. There are very few athletes that deserve to make that much. The one athlete that makes the most money is Lebron James, he makes the most money in the NBA. The best athletes in the games might deserve to make that much money. Others do not.…

    • 353 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    America's Economy Today

    • 848 Words
    • 4 Pages

    With all the bad publicity about the economy nowadays anyone with access to a TV, magazine, or newspaper should be somewhat familiar with the current economic crisis here in America. It seems like the Dow Jones Industrial Index and the S&P 500 Index are dropping lower every day, not to mention the poor condition of tech stocks listed in Nasdaq. Here's some current stock market figures that display the markets current deterioration: The Nasdaq index lost 8 percent of its value, putting it nearly two thirds off its peak last year, the Dow Jones index closed below 10,000, ending its biggest one-week point drop in 11 years, the S&P 500 index is now down 25% from its peak last March. This marks the start of the first bear market in half a generation.…

    • 848 Words
    • 4 Pages
    Good Essays
  • Better Essays

    According to Fred Moseley, the United States economy is currently experiencing its worst crisis since the Great Depression. The crisis started in the home mortgage market, and is now spreading beyond subprime to prime mortgages, commercial real estate, corporate junk bonds, and other forms of debt. (Moseley)…

    • 1330 Words
    • 6 Pages
    Better Essays

Related Topics