The final segment in Business in the movie series focused on documentaries about modern capitalism. The two documentaries we watched were "Too Big to Fail" and "Inside Job." Both documentaries focused on the big Wall Street bailout situation and how it was eventually resolved. Both spoke about the people involved, how they were connected and who was really to blame for the problem. Though they both explored the big bailout and the recession to follow, each movie had their own opinion on who was really involved and who was to blame for the big market crash. "Too Big to Fail" took a fictional approach as it followed the "United States Treasury Secretary as he struggled to make the big decision to bailout large, failing Wall street companies. It was based off a series of factual events, however, it was presented in the form of a movie with its own level of fictional emotions and events. Though this was meant to be an informative movie, it was a drama movie none the less and like most movies there has to be a protagonist and antagonist. It was clear that the protagonist in this film was US Treasury Secretary Henry Paulson and the antagonist were the CEOs of the failing Wall Street companies. The movie implies …show more content…
From the CEOs, the Government, prostitutes, and even Ivy League professors, the movie blamed anyone who had even the slightest role in the financial meltdown. In a more non-fiction type setting, the documentary aimed to exposed the corruption on Wall Street and how the government got involved. The documentary seemed to put blame on the greedy 1% of America. According to the film, people in power stay in power and simply rotate their position in power to other like individuals. So top Wall Street executives rotate to leading government positions and thus continue the cycle of greed and destruction. They generalized everyone on Wall Street to be greedy crooks who use drugs and spend corporate
Analyze Blockbuster's current position (based on its brick-and-mortar business model) using Porter's 5-forces model. What are the conclusions of your analysis?
The opportunity for power and competition seems to also be one of the largest intersecting parts of this whole debacle. In the film, I heard and saw that these bankers placed bets on the crash of all the loans. These bankers knowingly put countless families and individuals in
“When the dust settle from the collapse, 5 trillion dollars in pension money, real estate value, 401k, saving, and bonds had disappeared. 8 million people lost their jobs; 6 million people lost their homes” (120min.).The amount of money is equal, just from one person to anther person. Many people suffer a lot in the financial crisis, and also some people predict the financial crisis to make money. Financial crisis is a certain event and happens not only once. The financial crisis still exists in today’s market. As the movie mentioned last, “In 2015, several large banks began selling billions in something called a “bespoke tranche opportunity”, which is just another kind of CDO”
How would you react if you found your wife in the shower with another man? Any sane person would furious, but would you lose control and beat the other man senseless? Bradley Cooper’s portrayal of bipolar disorder in The Silver Linings Playbook how untreated the disorder can take control of a person’s life giving them manic episodes and major depressive episodes. This film aims to accurately display the struggles any person with bipolar disorder will deal with in their daily life while trying to manage the extensive mood swings they experience. The intended purpose of this paper is to analyze not only in what ways the director and cast accurately display the everyday life of an individual with bipolar disorder, but also the quality of the film. Throughout the movie themes of divorce, medications, the need for social support when dealing with mental disorders and a person’s unwillingness to accept help, will all be brought up in order to help an individual manage their disorder.
Based on the information presented in the PBS documentary and the TIME article, describe how the behaviors of corporations, such as Ford, Firestone, and the financial institutions on Wall Street, could or should be understood as crime whether or not they have been prosecuted? How do these activities differ from those involved in “typical” street crimes?
A white-collar crime by definition is a crime that is committed by individuals of higher status. It is not necessarily a violent crime, but could be depending on the situation. An individual who works in a professional environment, such as the government or corporation tend to take advantage of employees and manipulate them into thinking their practices are legitimate. Some examples, of white-collar crimes include fraud, embezzlement, insider trading, and other various crimes. However, individuals who involve them selves in drugs or stealing someone’s personal possessions commit street crime. For example, it tends to be violent depending on the situation and it usually happens in a public place or
The Big Short is a movie about the crash of the housing market in 2008. This economic crisis of 2008 is similar, but different, than the economic crisis of the Great Depression in 1929. They were both an economic downfall creating panic in the US economy.
However, I believe that government should have watched those who got involved with unethical and illegal business making and prosecute them to set an example for the future. In the movie, Mark Baum expresses that Ben Bernanke, the former chairman of Central Bank, and many more people knew that the market was going to crash, yet didn`t take any actions up until it happened. Clearly, they should have taken actions to prevent this turmoil, and be prosecuted for their ignorance. Prosecution is a key point to make sure this event doesn`t repeat itself because like Ben Rickert said “Every one percent unemployment goes up, 40 thousand people die!” Clearly, people`s lives should matter more than unethical money
The Big Short and Twilight of the Elites were intriguing stories. It opened my eyes to see different views about American Institutions. Specifically, the failures that occurred throughout the film and the book. In The Big Short it showed how the recession effected all levels of the system and not just the middle class, which is the majority of America. Throughout Twilight of the Elites it discusses the failures within a variety of institutions.
“Right now, it’s an industry dedicated to one thing. Profit.” This quote by author, Paddy Chayefsky, perfectly sums up the motives behind the movie “Network.” From hiring soothsayers to risking a man’s mental heath for the sake of a successful television program, the characters in “Network” have truly been blinded by fame and top ratings. This satire fiercely describes just how far a television network will go to achieve such accomplishments.
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
However, after five years of the financial crisis happened in 2008, is the “too big to fail” problem being solved or controlled? Jim Puzzanghera who published his article on Los Angeles Times insists that banks considered too big to fail are even bigger now. Puzzanghera provides his opinion based on the data he collected, “Just before the financial crisis hit, Wells Fargo & Co. had $609 billion in assets. Now it has $1.4 trillion. Bank of America Corp. had $1.7 trillion in assets. That's up to $2.1 trillion.” Puzzanghera explores that one main concern of coming out with a solution to this “too big to fail” problem is that Democrats and Republicans rarely reach an agreement on the problem. Most Democrats are willing for the federal authority to seize the power and to get rid of the firms if they are too big to fail while most Republicans do not want to force the banks to shrink. In stead of regulating those big financial firms, “the government's new power to seize large financial firms teetering near collapse could result in them being rescued instead of shut down, in effect enshrining
Money, sex, drugs, and greed-these four words are characterized and displayed profoundly throughout the movie Wolf of Wall Street. Based on a true story about the life of Jordan Belfort (Leonardo DiCaprio), the movie is narrated and gives insight to the struggle, power, and addictions that surrounded Belfort’s life. Belfort was a stockbroker who learned his way as an entry-level worker on Wall Street before creating his own company Stratton Oakmont. Belfort quickly learned that success on Wall Street was a result of doing any means necessary, regardless if it was the truth or providing a false sense of hope. His main scam involved selling cheap stocks and inflating the prices so the brokers can sell at a high price. Although this was illegal, Belfort was so involved and addicted to money and drugs that his scamming ways were irrelevant.
The reasons that led to the Wall Street Crash can be put into two main
This movie explains how crisis in 2008 happened in a financial institution in New York. The company exists since 137 years with John Tuld as the Chief Executive Officer. The leader of trading operation is Sam Rogers. He is in the company since 34 years.