White Collar Crime

Is White Collar Crime an Inside Job? Simply put, the point that Charles Ferguson is trying to get across in his documentary, The Inside Job is that economics is exactly that, it’s an inside job; with many elite employees involved. Economics is a profession, and at the end of the day, it all comes down to power, and the money being brought home by those at the top. Throughout the documentary Ferguson does an excellent job revealing the not so behind the scenes action, that many just don’t pick up on, due to the fact that companies police themselves. The documentary explains how it effects everyone, even those that are not directly involved or related. Those who are responsible for the financial meltdown in 2008, and the housing bubble are revealed, and an explanation is given as to why they are still in charge of the companies whose actions affected millions of people not only in The United States, but all over the world. Several different types of white collar crimes were committed leading up to the financial crisis, and several different companies were engaging in the large scale criminal activity. Financial deregulation is one of the main topics discussed in the documentary, and how financial institutions were given more freedom; thus making more risky investments with their depositors money, and seeing no consequences when these investments fell through. The documentary brings forward many thoughts about the types of white collar crime committed and how those that are guilty got away with it, how the victims were affected by the careless actions of the companies, as well as the reasons and motivation behind the crimes. The documentary stresses that this crisis was no accident, and that it was all caused by an out of control industry. Each crises causes more and more financial damage, while industries continue to make millions. While the documentary doesn’t once mention the term white collar crime, it doesn’t take much to realize that this was exactly what