Inside Job - 2973 Words

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 to borrow a sum equal more than 10 times Iceland’s total GDP. Reckless borrowing and lax lending became commonplace. 5)A businessman named Jon Asgeir Johannesson, former head of the major retail company Bagur, is noted for taking out a loan†¦show more content†¦Eliot Spitzer, Former Governor of New York and Former New York Attorney General, conducted an investigation into the internet crisis that revealed investment banks were promoting stocks they knew were likely to fail, because they earned commissions based upon how much business they brought in – another pattern in the global financial crisis. Spitzer’s case resulted in ten investment banks - Citigroup, Goldman Sachs, UBS, Morgan Stanley, Merrill Lynch, Lehman Brothers, J.P. Morgan, Deutsche Bank, Credit Suisse, and Bear Stearns – paying a total of $1.4b as punishment. 14)Financial engineering became a new field of study and derivatives were developed. Derivatives are basically bets, various types of bets. A well-known derivative is an option. When investing in an option rather than a stock, I am investing in the opportunity to buy or sell a stock rather than the stock itself – thus, the option is a ‘spinoff’ of the stock, and is derived from the stock, hence the name ‘derivative’. I can invest in options and I can trade options, as if they were stocks. With derivatives, there are all sorts of bets speculators can make – derivatives can include bets on a company’s stock, commodities prices, the likelihood of a company’s bankruptcy, and even the weather. An issue with derivatives is that if IShow MoreRelatedInside Job1673 Words   |  7 PagesNAME : JAWAD KARIMI ID NUMBER :05048569 INSIDE JOB: Inside Job  is a 2010  documentary film about the  late 2000’s financial crisis  . The film is in five parts the film explores how changes in the policy environment and banking practices helped create the financial crisis. The movie starts with showing the Iceland bank where it all started from the land scape is shown green and fresh but then as the corporations moves into the country it becomes muddy and dryRead MoreInside Job Analysis742 Words   |  3 PagesIdentify and discuss the interrelationships among the key factors highlighted in the global financial crisis â€Å"Inside Job† has identified two main themes that have been typically responsible for the financial crisis of 2008. Firstly, extensive deregulation since 1980s has been largely responsible. Secondly, the academia has played a pivotal role in legitimizing deregulation and has hence been indirectly, if not directly, responsible for the one of history’s biggest financial meltdowns. As farRead MoreThe Inside Job - Review2226 Words   |  9 PagesADMAP REVIEW OF THE MOVIE – INSIDE JOB Rohan Rambhia | PGP-10-155 Inside Job is an exemplary recount of how administrator’s role when exploited to form risky administrative strategies by means of faulty processes lead to a crisis of the stature of the recession of 2008. It is a comprehensive documentary which narrates the history of the collapse, not only going into great, informative depth about the risk-based strategies that put the global economy on the line, but looks back to the riseRead MoreInside Job Documentary1430 Words   |  6 PagesAkash Agarwal ACCTG 2600 – 005 The documentary Inside Job does a very good job of explaining what happened in a relatively short period of time and in an accessible way. The film also has compelling villains and outrageous behavior that is bound to engage and enrage viewers. It s basically an overview of the financial crisis of recent years, which we are still recovering from. The thesis seems to be that the regulations that were put in place after the Great Depression have been systematicallyRead MoreThe Inside Job - Review2210 Words   |  9 PagesADMAP REVIEW OF THE MOVIE – INSIDE JOB Rohan Rambhia | PGP-10-155 Inside Job is an exemplary recount of how administrator’s role when exploited to form risky administrative strategies by means of faulty processes lead to a crisis of the stature of the recession of 2008. It is a comprehensive documentary which narrates the history of the collapse, not only going into great, informative depth about the risk-based strategies that put the global economy on the line, but looks back to the rise ofRead MoreAnalysis Of The Movie The Inside Job 1474 Words   |  6 Pagestheir screenplay, the Inside Job. The Inside Job is truly about an inside job that included many government employees and Wall Street workers. Of course, you can decide for yourself if these people do what the documentary shows they did. As for me, the evidence is overwhelming. After a short introduction, the film starts out with the date of the stock market crash, September 15, 2008. Could you imagine going from everything being fine one day to the next day of losing your job? It seems extravagantRead MoreAnalysis Of The Documentary Inside Job 1576 Words   |  7 PagesThe documentary, â€Å"Inside Job† is divided in five sections in which it provides a detailed examination of the changes done in the government and the banks that were responsible for the generation of the global financial meltdown that took place in Fall of 2008. This crisis cause millions of jobs and home losses for many American citizens. As well, it caused a deep economic recession. The analysis of the causes of economic crisis of 2008 was a great realization for anyone that was affected, or notRead MoreInside Job Movie Synopsis756 Words   |  4 PagesInside Job Movie Synopsis Part I: How We Got Here: The Reagan Administration of the United States began a thirty-year-period of deregulation by the legislators in the financial system. Deregulation allowed the financial sector more freedom and less discipline, which provided more opportunity for profit and risk. Reflecting the profit growth resulting from deregulation, investment banks went from small, private firms to public companies. To illustrate the growth of the financial sector beginningRead More9 / 11 Inside Job977 Words   |  4 PagesHolly James Mr. Bergmann Senior English B2 31 March 2015 9/11 Inside Job On September 11, 2001, four different planes were hijacked by terrorists. Two of them headed for the Twin Towers, the other headed for the Pentagon and the other nobody really knows for sure. The two that were headed for the Twin Towers, sadly made it there and crashed into both of them, they collapsed. The one headed toward the Pentagon also made it there. But the other plane didn’t make it to wherever it was supposed toRead MoreThe Inside Job, By Charles Ferguson Essay1583 Words   |  7 Pages In his documentary â€Å"The Inside Job†, Academy-Award winning filmmaker Charles Ferguson attempts to provide a comprehensive analysis of the financial crisis of 2008. In creation of the documentary, Ferguson performed extensive research on the underlying causes of a â€Å"global financial disaster† which many claim could have easily been avoided. The documentary provides interviews with financial insiders and advisers, many in ways that portray the wealthy bankers a nd executives on Wall Street, and those