Worth 15 points
1. Who is most to blame for the events depicted in the film? Were you angered by the events? Why?
The government is to be blamed for the events in the film even though it was the banks that caused the harm. To begin with the government did little to nothing to regulate what was going on. In fact it was stated in the video that it deregulated and caused taxpayers billions of dollars. Instead of putting a stop to what was going on it signed the Gramm-Leach-Bliley Act which allowed banks with consumer deposits to engage in risky investments. In addition the federal government had no plans in case of a bankruptcy. The government had multiple opportunities to take action but did not. For instance, the SEC didn’t conduct any investigation on the banks during the Bubble period and actually lifted the leverage limits on banks instead of reducing them. Multiple events angered me in this film. Some of them were the actions taken by the government that instead of limiting an action they would do the opposite such as in the case of the SEC and the overturn of the Glass–Steagall Act by the Gramm-Leach-Bliley Act. In addition there were no punishment for the senior executives or the financial firms that had deceived investors and cost them their homes, jobs, and
…show more content…
If banks don’t charge those interest rates many people may find it tempting to borrow money from the bank knowing interest rates are not that high. Payday advance business charge very high rates for loans too, but this are typically higher then the banks. This may be because payday advance business usually requires no credit check and are at higher risk of getting paid but the person getting the loan is usually trapped in debt because of the high interest rates. I feel like the bank takes the necessary measures while payday advance businesses go overboard on the fees
The film, “the Power of One,” followed the life of a boy named P.K. from a small child to a handsome young man. It showed all the hardship and tragedy he had to endure throughout his life. Although the movie could have focused more on the apartheid, it instead portrayed the vulgarity of those times through the eyes of an English boy. As time went on, P.K. slowly began to realize the full severity of the apartheid. It was difficult for a child to comprehend how horribly people could treat one another for no apparent reason.
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
The fees seem high percentagewise, but many experts admit that the rates are reasonable under the circumstances under which the loans are offered. Forbes.com reports that 300- and 400-percent interest rates are misleading because the average length of these loans are usually about two weeks. However, it still takes almost as much work to process these small loans as it does to finance larger amounts over longer repayment periods. About 6 percent of short-term loans default, so payday lenders need to cover this cost as well. The flat fees for the loan are also added into the interest rate, and since the repayment period is very short, the interest rate becomes corrspondingly high.
In the movie Wit, English literary scholar Vivian Bearing has spent years translating and interpreting the poetry of John Donne. Unfortunately, she is a person who has cultivated her intellect at the expense of her heart. Both colleagues and students view Bearing as a chilly and unfriendly person lost in her private world of words and mysterious thoughts.
The great recession of the year 2007-2009 had a substantial adverse impact on the US Economy and the world. Charles Ferguson documentary narrates how politicians, bankers, and economist conspired to create a crisis that caused high unemployment, increased the United States global debt and contributed to the loss of investments and savings. He describes how banks resisted regulation in the early 1990's by CFTC and how successive regimes led to the crisis by enacting laws that supported the process.
According to Alan Reynolds, government policy could be the only possible cause to destabilize the economy. This can be seen in the Smoot- Hawley Tariff Act of 1930; the five point plan summarily stated the following: raise the cost of living, stop all help to the farm sector, urge foreign countries to pay higher trade tariffs, and hinder foreign debtors from paying U.S. foreign investors (Phalan). On another note, the stocks collapsed on October 28, 1929, or Black Thursday, when multiple members of the senate switched to the approving side of a calcium carbide tariff. Then, another tariff was forced upon Hoover, and the next day was Black Tuesday. Finally, on November 14, the senate postponed action on the Smoot-Hawley Tariff, which caused a rise in stocks. Yet, the stocks downturned in anticipation of Hoover’s veto on the act even though he ratified it. To clarify, each passing of tariffs caused a downward force on stock value (Reynolds). Moreover, overspeculation, purchasing high-risk stock, flourished as interest rates were artificially lowered (Etheredge). As aforementioned, this caused a false sense of security within the market. The market’s peak in August of 1929 caused by this over speculation ended in October, and the massive loss of monetary value wiped out bank deposits (“Stock Market Crash of 1929”). In expansion, banks had utilized deposits to invest in the market and create interest, yet the money was not secured by an agency such as the FDIC, or Federal Deposit Insurance Company. Therefore, bank runs occurred as citizens rushed to withdraw from their accounts. The cause of such an event spurred the ratification of the Glass-Steagall Act, or Banking Act of 1933, which created the FDIC (Pusey 1). In all, over speculation caused economic chaos, and actions on the Smoot-Hawley Tariff caused a downturn in stock.
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
In the film The Graduate (Mike Nichols, 1967), the focus of movie is centered on main character Benjamin Braddock’s life after college, as he aimlessly finds himself being exploited, mis-directed, seduced (figuratively and literally) and betrayed by the antagonist, Mrs. Robinson who coincidently helps him transition from boyhood into adulthood. The central theme of innocence and confusion are also at the forefront of the film’s thematic message, where Ben is often seen lost in his own world. The scene initially opens with a fade-in shot effect from black to blue into a close-up, disembodied image of Benjamin Braddock's face that serves to highlight the moral dilemma of film during Benjamin’s “drifting phase” in the opening seconds of the shot. The purpose of Nichols’s use of non-diegetic sounds,
Beats In class we learned that beats are the critical component of the scene, they are the reactions, responses and decisions that keep the scene / story moving forward. We learned that they are based on conflict while exposing the character’s needs / wants. In all honesty, I often struggle with what exactly is a beat; I understand the concept of it, it is more that I just struggle placing exactly when a beat happens. For this reason, I find it extremely helpful and interesting that there are some points in the script where (beat) is written.
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
One must never judge or discriminate a person based on their physical attributes. Prejudice and discrimination directed against someone of a different race is known as racism. It is evident in the movie “Crash” directed by Paul Haggis, that people misconceive others due to judgement on their physical traits. Throughout the movie, the characters living in Los Angeles face the challenges of fitting in a town populated by people of different colours. The offenders are the “white” people whereas the victims are everyone else. The presence of racism is the main cause of every conflict that occurs in the movie.
The movie I chose to watch is Courageous. The precipitating event in this movie is the car accident that takes the life of Emily Mitchell. Her father, Adam Mitchell, and the rest of her family are traumatized by the sudden death of their 9 year old daughter/sister. In thinking about information that would be gained in the first contact with Adam Mitchell, one thing that stands out about his previous state of mind/functioning is that he was somewhat uninvolved with his children, taking them for granted. This fact can also be a trigger for how he processes this event, causing a crisis for him as he realized his
The third reason given was the bad banking structure which was in place in the 20's and into the 30's. Banks at this time were run individually, thus, when a bank failed or went belly up because of aggregate deposits, it started a domino effect. In 1929 alone, 346 banks closed their doors, leaving people out in the cold, with no money, money which they had trusted in the hands of these banks. This of course left the people with a bad taste in their mouths, and caused them to stop putting money in banks, relying instead on the bottom side of their mattresses. The bad running of banks ties into corruption also. The men who ran banks, men like Charles E. Mitchell, were more interested in keeping the stock market boom going rather then the health of the banks which they ran. These men kept interest rates low and gave bad loans to people who mostly had no hope of ever paying back.
Analyze This is a hilarious, feel good movie about two men from different backgrounds living completely opposite lifestyles. Through a series of very funny, random and bizarre moments they form a memorable friendship together. The movie came to theatres in 1999, was directed by Harold Ramis and included a cast full of some of Hollywood’s brightest stars. It begins with two gangsters leaving a café, discussing their plans to attend a meeting involving the countries major crime bosses. One gangster goes back in the café to get a toothpick and at the same time the other gangster is killed from a drive-by shooting. The movie’s plot is based upon the surviving gangster seeking out a psychiatrist to help with his emotional
Why did a pick a movie that has some many questionable connections to the things we’ve “discussed” in class? I guess I picked the movie because I’ve watched it over 100 times, and pretty know it like the back of my hand, as well as it was one of the first adult-like novels I read when I was a very young girl that my grandmother didn’t have a problem with. I remember after reading the first couple of chapters, my grandmother asked what did I think of it. I teared up and said I felt sad and could relate to the feelings of abandonment and conflict Celie was going through. We had such a great discussion about the book and that’s when my grandmother decided that I was mature enough to watch the movie. I cried like a baby and had so many questions for my grandmother after. So, when presented with doing a final paper on a film, what better film to choose than one I have analyzed in so many ways except maybe from a leadership perspective.