Analysis Of The Documentary Inside Job Essay - 1472 Words

The documentary â€Å"Inside Job† offers its viewers with a thorough and thoughtful analysis of the 2008 financial crisis, which eventually led to the Great Recession that later cost the world ten trillion dollars and thirty million jobs. Almost all major economist as well as the International Monetary Fund (IMF) agree that the recession is the worst global recession that has ever happened since the Great Depression of the 1930s. 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 ClintonShow MoreRelatedAnalysis 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 MoreAn Ethnography Of Wall Street986 Words   |  4 Pagesdiscussed in the documentary Inside Job, the males in corporations featured tended to be impulsive risk takers which can be related to the idea of â€Å"doing masculinity†. Using these sources, one is able to create a critique of the theory emancipation in accordance to corporate crime. Through the analysis of the documentary Inside Job and the article An Ethnography of Wall Street, it can be determined that corporations are gendered and are based around a sense of masculinity. Through the analysis of the articleRead MoreMAnagement 131254 Words   |  6 Pagesï » ¿ JAIME G. ASTOVEZA MWF FINANCE 6 6:00-7:00 PM REACTION PAPER M56 â€Å"Inside Job†   Ã¢â‚¬ Inside Job† provides a comprehensive analysis of the global financial crisis of 2008, which at a cost over $20 trillion, caused millions of people to lose their jobs and homes in the worst recession since the Great Depression, and nearly resulted in a global financial collapse. Through exhaustive research and extensive interviews with key financial insiders, politicians, journalistsRead MoreThe Financial And Political Systems Have Always Played1226 Words   |  5 Pages2008, which costs â€Å"tens of millions of people their savings, their jobs, and their homes†. Interestingly, the root of the problem comes from the corruption of the financial industry and how the political figures respond to the crisis. This response paper corresponds to the documentary Inside Job, the movie that examined carefully the crisis of 2008. The major key points that we will analyze are: the main issue that the documentary is addressing; causes and implications of the 2008 crisis; roles ofRead MoreConspiracy Theories About The 9 / 111227 Words   |  5 Pagesinconsistencies involving several reports from both the investigation and government reports. As a result, groups were formed and documentaries were created. Examples of the documentaries created are Anatomy of a Collapse, 9/11 Commission Report, Loose Change, Pentagon Strike, and The 9/11 Conspiracies: Fact or Fiction. These documentaries include personal testimonies, analysis from both professional (experts in different fields) and nonprofessionals, and governmental documents. Architect and EngineersRead MoreWaste Land: All about Vik Muniz1040 Words   |  4 PagesIntroduction The documentary â€Å"Waste Land† is about Vik Muniz, an artist known for his series of amazing and creative images made from sugar, chocolate syrup, pigment, dirt and peanut butter. He started using different materials from garbage for his art and through his art he tried to help the pickers of the largest landfills near Rio de Genaro. In this analysis I also implement French psychoanalyst Jacques Lacan’s view about the society and culture. Jacques Lacan criticized the society and cultureRead 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 financ ial insiders and advisers, many in ways that portray the wealthy bankers and executives on Wall Street, and thoseRead MoreRepercussions of the Global Economic Crisis: Analysis of Inside Job1873 Words   |  7 Pagesthe crisis. The film industry is probably the most relevant example in this sense, with some notable crisis inspired films including Inside Job (2010), Capitalism: A Love Story (2009), Up In the Air (2009), Collapse (2009), Wall Street: Money Never Sleeps (2010) or Too Big to Fail, 2011 (Dietz, 2011). 2. Inside Job and social justice Inside Job is a 2010 documentary film directed by Charles Ferguson and narrated by Matt Damon, in which the focus falls on the effort to explain how the crisis wasRead MoreEating Disorders : A Well Known Secret817 Words   |  4 Pageseating disorders are highly recognized amongst the general public. From the numerous after school specials to the headlines on various gossip magazines accompanied by underweight starlets, the issues of eating disorders is a hard one to ignore. The documentary I chose to watch is one called Dying to Be Thin directed and produced by Larkin McPhee. This compelling picture focuses on eating disorders like anorexia and bulimia in relation to teenage girls and young women in the United States. Before watchingRead MoreAssisted Suicide Should Be Legal1130 Words   |  5 Pagesperson have the right to end their own life? That is the main debate behind assisted suicide. Assisted suicide is a very secret, but surprisingly available option for suffering people. The documentary The Suicide Plan focuses on the people who believe assisted suicide should be legal. The documentary takes us inside the hidden world of assisted suicide, as seen through the eyes of the people considering it. Assisted suicide is only legal for terminally ill patients in Oregon and Washington. Individuals