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directed by Charles Ferguson proves that there were systemic faults in our economic and financial system that brought about the collapse of 2007-2008. His research and moviemaking efforts were appreciated at Cannes and the film also won the 2010 Oscar for Best Documentary. This paper will compare the events described in the movie to the textbook by Patricia and Peter Adler and try to trace some common grounds.
Truth is often stranger than fiction, and to be honest, the financial crisis of 2008 was a long time in the making. Ferguson traces the beginnings of the malaise to the loosening of control on the US banking sector that occurred in the late 1980s. Loosening of control is always to be viewed with suspicion (Adler & Adler, 2011, 45). The system behaved from the 1940s to the 1980s and enabled us to climb out of the Great Depression, survive the Second World War and engage in mass production of cars, computers and communication technologies. The failure of savings and loans associations led to consolidation within the banking sector. Speculation in IT firms was on the rise but eventually the bubble burst with losses to millions in the stock market. At one time in the 1990s, the entire investment banking industry was in the hands of five banks. Efforts to regulate the market were thwarted and loans were made to the sub-prime sector, netting in high fees and commissions. The housing market and speculative investments were at an all time high. Then the market collapsed and crisis came upon us. Freddie Mac and Fannie Mae had to be rescued by the Government (Ferguson, 2010). Lehman Brothers collapsed and other institutions were either bailed out or rescued by the Government’s bailout package. Similar was the case for the auto-industry where GM and Chrysler were rescued by the Government. Foreclosures were at an all time high and people lost their homes and jobs. AIG has been found guilty of conniving with other firms to get insurance policies in lieu of payoffs and
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The prime aim of the movie maker is to fit the story in his scheme of things as per time and situational demands. Commercial angle also plays the dominant role. The alterations made are to be understood in this context. It is not an easy task to convey the imaginative descriptions and profound messages of the author of the book, as screen version has its own limitations.
The movie, “Inside Job” (2010) is one which provides a different perspective about corruption and the placement of various events that have led to the current financial crisis. This documentary is directed by Charles Ferguson, written by Chad Black, Charles Ferguson and stars Matt Damon, William Ackman and Daniel Alpert.
"Inside Job" begins not on United States’ Wall Street but in Iceland, a nation whose complications produce to be the world's in small-scale version. Ferguson found the root of Ireland’s problems to be the privatization of the three largest banks directed into a borrowing spree that headed to disaster.
Movies 1) Action – The Matrix 2) Comedy – Rush Hour 3 3) Drama – The Shawshank Redemption 4) Horror – Scream 5) Musical – The Phantom of the Opera 6) Romance – Titanic 7) Science Fiction – Avatar 8) Documentary – Fahrenheit 9/11 9) War – Saving Private Ryan 10) Western – Butch Cassidy and the Sundance Kid 11) Cartoon – Shrek Movie Review #1 – Rush Hour 3 Rush Hour 3 is the third movie of the Rush Hour franchise.
This is concerning the vivid exposure of the selfish deeds that business executives participated in, in an attempt to line their pockets with more cash and leaving those in vulnerable positions to fend for themselves without any form of security or safety net to fall back on in the event of a financial mishap.
To begin with the movie Inside Job is one that has been well written and produced. The major reason that leads to this conclusion is the fact that there was enough background research that was done before the production of the movie. This research ensured that the content of the documentary was insightful, thought-out and succinct and this could be discerned from the presentation of the ideas about the crisis.
Some of the high ranked officials appointed by the presidents of US over the years have been big businessmen and have commendable contribution in the financial industry in the past. These high ranked officials are biased in serving the interests of the financial industry and sector of the economy that they have been attached with in the past.
Inside Job is a film directed by Charles Ferguson that considers the financial crisis through a highly engaging five-part structure. A great number of filmmaking techniques are implemented throughout Inside Job to convey the film’s thematic concerns. The filmmakers implement images of pollution and industrialized zones to dynamically demonstrate the force of deregulation.