Analysis Of The Movie Inside Job

Section Two: 1. The documentary, “Inside Job” provides an interpretation of the causes and consequences of the 2008 global financial crisis. Is this interpretation compelling? Be sure to include institutional, ideological and interest factors in your analysis. The movie, the

In his 1916 silent-film Intolerance, D.W. Griffith pioneered editing techniques that helped establish montage as a core component of film language. Griffith set out to unite four disparate storylines under the common theme of love’s eternal battle with intolerance. While Griffith believed this film achieved its goal, some of his contemporaries argued that Intolerance was a “magnificent failure” (Eisenstein, 241). Indeed, Eisenstein proposed that the unification Griffith sought to create was impossible because the juxtaposition of these stories did not create new meaning. Instead, Eisenstein wrote that the lack of conflict between shots prevented the synthesis of a higher meaning, or montage trope. While it is true that Intolerance generally does not accomplish montage trope, especially when referencing Walt Whitman’s Out of the Cradle Endlessly Rocking, where Griffith explicitly attempts it, there are examples of its implementation. Griffith does manage to achieve this higher meaning in the scene depicting a labor strike. Eisenstein’s claim that Griffith never incorporates montage tropes into his films is false as demonstrated by the social criticism in the juxtaposition of the striking mill workers and Mr. Jenkins.

I believe the the Great Recession of 2008 was the fault of the Government. The Government did not not properly regulate and had relaxed rules. The made many assumptions also. For example, the just assumed that the British would help them. Because of the way the Government is made the were not able to make changes fast enough. Like it said in the video our class watched,”Congress can not flush a toilet in a day”. I do not believe that you can blame the investment banks or the people. The were just doing what the rules allowed them to do. It is basic human nature. It is the Government's fault for allowing lenient laws. Also, the Government's job is to make sure that everything in the U.S. is going alright. It clearly wasn’t and the Government

In addition, one must note that those who caused the financial crisis avoided punishment. They were the ones who lead the economy into failure and, now, promising that they are the only ones who can fix it. In Inside Job, it demonstrated the consequences of the crisis and financial innovation, through the educational system. It means that those who consulted with financial firms and companies were professors or on the board of directors of ivy league schools, who teach their economic ideologies onto the future generation.7 Ergo, this is creating a vicious economic cycle that needs to change.

What caused the financial crisis to happen? The origin of the crisis, the film argues, can be traced back to the 1980s, when the process of deregulation was eagerly implemented under the Reagan Era. Prior to the emergence of Reaganomics, the financial industry was tightly regulated following the Great Depression. Most of the banks were local and were prohibited from speculating customers’ deposits (brought by the Glass-Steagall Act), while the investment banks were modest and private. However, everything changed after 1980, when Ronald Reagan became president and the U.S economy entered a thirty-year phase of deregulation. Financial institutions, which included commercial and investment banks then embarked on the process of maximizing profit by making risky investments with the depositors’ money. By the end of the decade, saving and loans companies went bankrupt, causing tax payers to lose more than one hundred billion dollars. However, the government did not implement any reform and deregulation continued to take place under the Clinton

The effects of the 2008 Financial crisis were felt globally, it being the worst financial crisis since the Great Depression of the 1930s. Suggested in the documentary Inside Job shown in class, there were many factors which led to the 2008 Financial crisis. To better understand how it happened, we have to look back to the Great Depression of the 1930s.

Individuals were evicted from their homes and companies downsized in order to combat poor economic conditions. In the film The Big Short, after the “housing bubble” burst, many of the working class individuals that invested their hard earned money were left devastated. The fundamental cause for the collapse was due to the big banks deceitful and fraudulent activity. Those who possessed wealth or were categorized in the upper class bracket were bailed out by the big banks. The financial collapse was one of the first eye openers for the American people.

The Big Short The movie “The Big Short,” directed by Adam McKay shines a light on corruption in Wallstreet. Although corruption was interesting through the movie, the risk of about the loans was more exciting. Perhaps, the most interesting parts of the film are self-enrichment by taking advantage of the desire of others, lack of questioning the system, and lack of empty. I will focus on the three elements illustrated above because I believe a mix of the three caused the “The Big Short.” The lack of empty was astonishing because the salesman bragged about taking advantage of immigrants and other individuals because it benefited their pockets.

All of these components manufactured the financial crisis. Right after the crisis, banks were strict on lending to households and businesses. The decline in lending caused prices in these markets to trickle down, which means those that have taken a lot, had to contemplate on the rising prices and had to give up their estates in order to repay their loans. House prices became cheaper and everything burst. This lead banks to panic and cut their lending even more. A downward spiral resulted from all of this, and the economy went into recession.

Apparently, the financial crisis that began in August of 2007 were the product of several minor issues such as poor risk controls, too much leverage, and an almost willful blindness to the bubble-like conditions in the housing market but the actual root cause was the collapse of the ethical behavior especially on the part of the top executives of the most financial institutions and the loss of any sense of fiduciary responsibility to the ultimate client.

The Movie "Inside Job" happens in Fall 2008 amid a worldwide retreat bringing on a whole country of individuals to misfortune their reserve funds, homes, and occupations. The storyteller, Matt Damon paints a reasonable delineation of the occasions, for example, deregulation, theft and IRS evasion in which hinted at the economy ruin.

I concluded six months ago (Truman 2008) that there was no shared diagnosis of the origins of this crisis. Nothing that I have heard or read since then has convinced me otherwise. If anything, disagreements have become more intense, in the meantime. This fact hampers our ability to learn the proper lessons from this crisis. This fact also means that it is useful for me to declare my own biases in advance. Conventionally, causes of this financial crisis include some or all of the four following elements: macroeconomic policies, financial-sector supervision and regulation, financial engineering, and the global activities of large private financial institutions. The context for each element is the United States or other similarly advanced countries.

To classify root causes as to why financial crisis occur, one needs to go follow a systematic approach to this problematic situation. Be it human related failures or bank regulators failures, the financial crisis was unavoidable considering the ongoing circumstances.

The Inside Job is a movie that was documented by Charles Ferguson in 2010, which clearly depicted the 2008 financial crisis. The director did a great job comprehensively narrating and showing the causes, key financial contributors, and unintended consequences. It goes further into details of systematic corruption by those in the finance market and the effects of their corruption in the United States. Additionally, it uncovered that changes in financial as well as other polices and banking practices contributed to the growth of the crisis causing most Americans to lose their investments, jobs and homes. The subsequent paragraphs will continue to describe how the positive intentions of financial innovation and regulations often contribute to unintended consequences, as well as how the financial crisis of 2008 occurred and who is to blame.

The Global Financial Crisis that occurred in 2008 and crippled every major economy was not an accident; it was caused by an unregulated and uncontrolled financial industry.