Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Review on the Film Inside Job - Essay Example

Comments (0) Cite this document
This is the Review of the film Inside Job. The documentary by Matt Damon, dubbed “Inside Job,” narrates the root cause of the global economic instability experienced in 2008. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.8% of users find it useful

Extract of sample "Review on the Film Inside Job"

Download file to see previous pages Most people ended losing their homes too in the midst. The documentary further shows the perpetrators who caused the global economic recession, including the institutions and citizens, with their actions. Among the list of suspects involved in the financial crisis experienced includes bureaucrats under the Bush administration. Other participants include economic professors who hail from several educational institutions such as Columbia University and Havard University. The falling of the Lehman Brothers caused a significant blow to the US economic situation. The brothers filed for bankruptcy while placing the AIG insurance company to its deathbed. The global financial crisis was severe to the citizens. The effect was to the extent of plunging the US into debt with the after-effects worse to the stock market and Wall Street. The cause of the global financial crisis experienced marked a financial industry running without any regulations. The effects of the crisis included soaring prices for assets and houses, rendering people homeless and redundant. The film showcases the case was not just an accident but a perpetuated crime. The financial crisis started in the 1980s. However, Wall Street made a lot of money from the financial crisis. Still, the 2008 economic recession was by far the worst. The center of the film revolves around the Iceland story, which made worldwide news following the period.  According to the professor of economics at Iceland University, the recession was caused by the government. How did the US Government cause the economic situation at the time? The US Government failed in many instances to regulate the state. The banking sector was privatized, and there were financial firms and surrounding politics. The effects of the failure of the state led to the falling of the stock price, bank losses, and soaring of the national debt. However, there were positive effects caused by the financial situation. A positive effect includes financial and money management, with the effects of the financial crisis spread across the economy. A major after-effect was the reviewing of the policies and regulations by the government for the financial institutions. Most of the state interventions and regulations earlier were lagging and did not reflect the current economic realities. The history of the lagging government regulations dates back to the reign of the Reagan administration in 1980. There was the abolishment of the investment and commercial banks witnessed under Clinton’s reign. The system created a leeway for Wall Street to make market bubbles due to the lack of any constraints and restrictions. The turning off of the market bubbled with the revelation of the garbage debt exposes a large percentage of the working class. Many citizens were left both jobless and homeless. The effects extend beyond the US economy, with other countries around the world connected feeling the pinch. There was a small percentage of the people in the economy who made money from the financial turmoil. The rest of the population suffered from the effects of the crisis. The film showcases the moral decay of citizens through Wall Street people making money from such an opportunity. There is a lack of moral standards by people in society with the film. There were letters crafted by infamous economists who took disassociated the blame for the economic crisis on possessors, politicians, Wall Street, and other financial economists. Therefore, the common people could not find the root cause of the financial situation taking place. There was no responsibility taken for the financial events that took place with the change in presidential administration to date. Most perpetrators of the depression currently act as mentors for the current administration. The truth of the matter is that the 2008 economic recession was avoidable. The plunge in the national debt was due to a committed fraud by a few people. It is bothering that to date, and no one has been executed for economic crimes. The revelations of the situation call for a change in the system while taking accountability for people’s actions. There needs to be regulation of the financial community to curb the financial freedom in the economy. The freedom in the financial community saw the political world fall short of the expectations with legislations. The effects saw the legitimization of illegal activities for the accumulation of money. The lack of improvements in the legislation in terms of moral standards in society might plunder the country into a financial depression. The rest of the world is catching up with the effects of the financial crisis by forming tight proof regulations and supervision. Despite the number of global financial system reforms in place for stimulating the economy, most ignore the overall control of the market and the use of large monetary expenditures. The effects of financial depression led to the loss of lives, jobs, and homes for the common people. Even with the failure of banks, several executives profited from the situation. A major profiteer of the events was the financial industry. The financial admin, which caused the depression, including the Wall Street elite, continued to lead luxurious lives on the edge without feeling a pinch of their work. The system is flawed instead of working to benefit everyone. It’s configured to serve the chosen few. The ordinary citizens work tirelessly to finance the lavish lifestyles of the financial people in charge of the system. Some of the unlawful practices, such as prostitution, passed as legitimate practices with the use of black cards for money without receipts. The perpetrators of the economic recession across the world experienced in 2008 are still in charge of driving the US economy. The ordinary people will continue to linger in poverty until there is a change with the system. The greed and thirst for materialistic things corrupt the moral compass of the executives. The revelations from the review on the film “Inside Job” show that there needs a change in the financial system, but it will take more than just changing the administration roles available.   ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(Review on the Film Inside Job Essay Example | Topics and Well Written Essays - 1000 words, n.d.)
Review on the Film Inside Job Essay Example | Topics and Well Written Essays - 1000 words.
(Review on the Film Inside Job Essay Example | Topics and Well Written Essays - 1000 Words)
Review on the Film Inside Job Essay Example | Topics and Well Written Essays - 1000 Words.
“Review on the Film Inside Job Essay Example | Topics and Well Written Essays - 1000 Words”.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Review on the Film Inside Job

Inside Job (2010)

...?The movie, “Inside Job” 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. The various traits that are in the film follow the story line that occurred from 2007 with the economic changes and associates this with the main ideologies of the economy and the government. The plot of the film is based on the financial meltdown that is a part of the current global crisis. The plot first looks at the financial crisis of 2008 and the outcomes which it caused, such as the loss of $20 trillion, loss of jobs, loss...
2 Pages(500 words)Movie Review

Inside Job

... "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’s documentary looks into how this small country, with an impressive gross national product of $13 billion, ended up with bank losses of over $100 billion? 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. Before deregulation, Iceland was cruising towards prosperity. Iceland had an unexpected bubble, highly felonious. One of the individuals who was interviewed for the film, the former prime minister of Iceland, was recently impeached, which caused a gargantuan bubble...
10 Pages(2500 words)Movie Review

Inside job

...?The movie “Inside Job” elicits strong negative responses from viewers, which are relative based on one’s position of the events outlines and expounded in the movie. Personally, the movie being an expose of the background behind then events that led to the financial crisis of the late 2000s arouses outrage. 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. The movie arouses emotions of hatred towards those with financial power and annoyance towards regulatory agencies...
3 Pages(750 words)Movie Review

From A (Documentary-FILM) INSIDE JOB

Naturally, as successive presidents, both Democrat and Republican, allowed for further and further deregulation to take place, the levels to which private industry were able to stray into previously uncharted waters, was a fundamental determinate with regards to what was actually precipitated. Although this deregulation was of course a massive contributor factor, one must also consider the means by which the individual private firms themselves self regulated. This is of course a separate issue and one that cannot be overlooked. Ultimately, just as with regards to the levels of government and financial regulation that it previously determined the systemic approach that firms took to business, a corresponding drop with regards to s...
5 Pages(1250 words)Essay

Inside Job

...? Inside Job Capture of the government and academic sectors by the U.S. financial industry It has been observed that high ranked Federal government officials as well as the researchers in the academic sectors are influenced by the financial industry in US. The capture of US government officials leading to activities that serves the interest of the US financial sector instead of their roles and duties towards the welfare of the public could be termed as regulatory capture. 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...
3 Pages(750 words)Essay

The Inside Job

... The Inside Job The Inside Job is an American documentary directed by Charles Ferguson and produced by Charles Ferguson and Audrey Marrs. The documentary runs for 108 minutes and was released in 2010. Sony Pictures Classics was the company responsible for its distribution. The documentary is about the financial crisis experienced in 2007 and 2008 among other vital economical issues in the United States and on the globe in general. The 2007 global financial crisis was a result of poor loaning scheme to the real estate sector that led to the worst state of bankrupt ever recorded. The United States legislators, out of their own greed, ordered the banking institutions to provide unsecured loans, only for the real estate owners to become loan...
4 Pages(1000 words)Term Paper

An Inside Job

...? Iceland financial crisis 2008 Icelandic financial Crisis 2008 was one of the major economic and political crises in Iceland (Boyes). The economic crisis of the country affected three countries having ownership of private owned commercial banks. Relatively to the size of Iceland’s economy, it is the largest systemic banking collapse suffered by any country in the economic history. This paper aims to analyze the documentary “Job Inside” that critically analyzes Icelandic financial crisis. Iceland is one of the richest economies in Europe. Iceland’s business tycoon and three main private sector banks of the country acquired ten times more debt than its economy. In my opinion, these banks acquired many assets that were disproportionate...
3 Pages(750 words)Essay

Inside Job and 2008 Crisis

...Inside Job & 2008 Crisis [Pick the Before the 1980s, US went through a period of continuous economic growth for nearly 40 years and thiswas the time when financial industry was non-existent. Following this period, the investment banks started doing business with public. This activity was carried out under the umbrella of deregulation which was enforced politically. Financial regulators of the government were hired by financial sector, thereby making it impossible for them to work for public interest. The previous measures and regulations which were existent for the purpose of limiting risk factors were eliminated and certain financial bodies invested public money in an extremely risky manner. The result was a huge loss of public money...
1 Pages(250 words)Essay

The Legal Perspective based on the film inside job

...The Legal Perspective Based on The Film Inside Job The Legal Perspective based on the film inside job The film Inside Job is one of the best movies of this time. This is because the main themes in the movie focus on the real issues affecting people and nations day in day out. It also has some educational aspects and can be used to teach literature, business studies and law to some extent. This paper will try to analyze this film from a legal perspective because there are many potential illegal practices featured in this film (Ferguson and Beck, 2010).  These practices may include affirmative statements, actions, schemes and omissions. It will also identify the rule of law that the practice might have violated. One legal aspect...
2 Pages(500 words)Essay

Inside Job

... Inside Job The Inside Job film by Charles Ferguson tries to blame a broader cast list for the financial crisisof 2008 and discusses how so little has been done to change the financial world or bring criminal prosecutions to the key players (Ahmad 1). The directors criminal lineup comprises of bankers, politicians, regulators, academic and credit rating organizations. Furthermore, these politicians were ex bankers who illegally gained money to fund their campaigns into politics. For this paper, we will focus on Madoffs giant Ponzi scheme, most of which seems to be clearly fraud, even though system-wide indiscretions point, as well, to subtler forms of capture and corruption. A couple of years ago, the SEC was aware that Madoff, who had...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Review on the Film Inside Job for FREE!

Contact Us