caused the global economic crisis‚ and what could have been done (by governments or the private sector) to prevent this? Also‚ give your personal thoughts on this issue. My personal thoughts on this issue: After watching all five parts of the movie‚ I think the global economic crisis key factor was caused by deregulation which began since Reagan administration‚ because it contributed to the real estate bubble and allowed greedy and overpaid banks to go on unreasonable leverage. Regulatory bodies
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Module-end Project Topic For my module-end project‚ I will be watching the documentary called “Inside Job” narrated by Matt Damon created in 2010. The documentary is well-known for providing a comprehensive analysis of the 2008 financial crisis. Many people have said that the documentary does a good job of explaining the reasons behind the financial crises. By reading the documentary’s plot summary‚ I was able to find out that the documentary goes into many of the causes of the financial crises
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1 - Summary - Inside Job - Introduction - 1)Inside Job opens with a case study of Iceland‚ a nation that was possessed by the cancer of free radical finance. 2)Iceland was stable – low crime‚ strong education‚ strong stability in social and financial systems. 3)Multinational corporations such as Alcoa were then allowed to come into Iceland and install their business thereby disrupting the integrity of the system. 4)Three of their largest banks were privatised and in only five years‚ they combined
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Inside Job is about the causes of the global financial crisis of 2008. It is the effect of a series of causes beginning in the 1970s.These causes most obviously includes - the deregulation that allowed excessive and reckless actions in finance‚ fraud‚ conflicts of interest‚ and sabotage. The result of these actions was a massive decline of financial stability for the global masses and a correspondingly massive incline of financial gain for a minority of heads in high finance and government. It was
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sector driven by bottomless greed and impervious to its impact on wider society. Perhaps the most depressing aspect of the story is the absence of any sense of lessons learned or evidence of remorse for the tens of millions of people who have lost their jobs‚ savings and homes as a result of the crisis. The story begins in Iceland‚ a stable democratic society described as almost attaining ‘end of history status’. This small‚ prosperous state of 320‚000 people became a basket case almost overnight when
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ANALYSIS OF THE DOCUMENTARY MOVIE “INSIDE JOB” Basic Information about Documentary: Directed by Charles Ferguson Produced by Audrey Marrs Charles Ferguson Narrated by Matt Damon Music by Alex Heffes Cinematography Svetlana Cvetko Kalyanee Mam Editing by Chad Beck Adam Bolt Distributed by Sony Pictures Classics Release date(s) May 16‚ 2010 (Cannes) October 8‚ 2010 (United States) Running time 108 minutes Country United States Language English Introduction: US Financial crises in 2008 hit all economies
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The Inside Job Jacob Williams Ethics/ 316 November 2‚ 2012 Rodney Sprauve The Inside Job The documentary The Inside Job tells the truth about the downfall of how greed‚ the lack of ethics and poor moral values destroyed the economy of the world. Charles Ferguson deserves an award for bringing the truth to light as well as his narrator Matt Damon. This documentary shows how a lack of ethical values hurt the masses by the poor choices of those in power. It shows how corrupt that the
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Inside Job: Exposing Unethical Practices on Wall Street The documentary Inside Job‚ directed by Charles Ferguson‚ explains the financial crisis of the late 2000s that culminated with the Wall Street collapse in 2008. Beginning with a background of the American financial industry‚ the film tells the story of how banking practices caused the eventual global recession. Up until the 1980’s‚ the US financial system was highly regulated‚ at which point began a long period of “deregulation”. One of the
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Homework 1 1. Subprime mortgages or mortgages that are normally made out to borrowers with lower credit ratings (below 640) are viewed by the lender that the borrower has larger-than average risk of defaulting on the loan and as a result typically carry a higher interest rate than that of a conventional loan. Banks originally required a down payment from subprime buyers and normally kept these loans bearing the risk of default. Overtime banks began to group subprime loans into Residential
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Inside Job The documentary‚ “Inside Job” goes into detail about the various organized corruptions that took place in the US society and in Iceland. This documentary gives a stimulating analysis of the global economic financial crises of 2008‚ which resulted in people losing their job and homes. With this happening‚ it put the US in one of the worst financial states since the great depression. These factors nearly resulted in a global economic collapse. The key aspect of the film is the extensive
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