Inside Job Film, Essay

562 words - 3 pages

Inside Job Film, essay
The global financial meltdown in 2008, at a cost of over $20 trillion, was the worst financial crisis since the Great Depression. It was completely avoidable. A number of things occurred to create the economic crisis, including massive accounting fraud, securitization of mortgages, credit default swaps and synthetic CDOs to name a few. During the Clinton administration the Commodity Futures Modernization Act was enacted which banned all regulation of financial derivatives. Lenders no longer carried risk; they would sell mortgages to investment banks to create complex derivatives. They were more concerned about maximizing volume and getting fee out of it. Mortgage loans nearly quadrupled and the cost of homes doubled.
Leverage limits were lifted on the investment banking industry which allowed them to borrow more ...view middle of the document...

These are the same people that made poor financial decisions, intentionally, that lead to the financial crisis. In my opinion, all they cared about was their financial well being – as long as they got paid nothing else mattered. The fact that these same individuals were then allowed to make financial decisions for the government when their respective firms filed bankruptcy is sickening. To add salt to the womb, you hear about firms that get bailed out of bankruptcy turn around and give out big bonuses within a few months.
There were a number of events and decisions that occurred that snowballed to create the financial distress. I do believe that several things could be done to make improvements, starting with holding those that made some of the poor financial decisions accountable for their actions. Serious investigations into the problems should have been done. This includes investigating the rating companies that gave high ratings to firms’ just days before they failed.
While it’s easy to blame the government for financial crisis, some of the blame falls on the shoulder s of the public. For example, just because you’re approved for a certain size loan doesn’t mean you need to take that large of one. I had this happen when we purchased our house in 2004. At the time we were approved for a $150,000+ loan. While we would have loved to get a larger, nicer home, we knew that a loan that large would be pushing our budget to the limit, so we opted to take a smaller loan and find a home that was more affordable. Unfortunately, not all people evaluate their personal budget closely enough. They assume that if the bank approved the loan, then they won’t have any problems making the payments. What the banks don’t figure in is all the incidentals, upkeep of the home, new air conditioner for the home, vehicle replacement, or the fact that you should set some money aside for emergencies.

Other Papers Like Inside Job Film, Essay

Casino Royale Essay

560 words - 3 pages . Overall the film was very breathtaking and enjoyable; there were some very strong points to the film and a lot of messages that they were trying to get across. The director has done a immense job with this film, he has shown a lot of emotion from James Bond which means people can relate to him. There were some very dramatic scenes like the free running that made viewers sit on the edge of their seats when he was jumping from crane to crane. The film was one of the most entertaining films of the year.

Hollywood Paranoia in the 50s Essay

2095 words - 9 pages “frequently focused on exposing communists working inside the federal government or subversive elements working in the Hollywood film industry” (Red Scare, 2013). On September 21, 1947, HUAC “subpoenaed forty-three members of the Hollywood film community to answer charges about communist infiltration in the movie industry” (Friedman, 1984, p. 214). Ten of the Forty-three appeared before HUAC and “refused to answer the Committees questions about their

A Dark Portrayal of the American Dream in the Film American Beauty

2477 words - 10 pages ask themselves are they truly happy with their lives. The film American Beauty delves behind this exterior and starts to examine the lives of those who dwell inside the typical middle-class American suburbia. Overall the film is about beauty. As more is learnt about the people who live on the picture perfect setting of Robin Hood Trail, Anytown, U.S.A. it is discovered that every inhabitant has an opinion of what Beauty is. The film does an

Beauty and Its Effects

1004 words - 5 pages Argumentative Essay Beautiful Is Good In today’s Western society, the bias of “beauty is goodness” is predominantly found throughout the hiring sector. This term encompasses the belief that being physically attractive improves one’s chances of obtaining a job or being accepted into an organization or institution. This in itself is an example of the halo effect, a term used by social scientist to describe the act of making a positive

Hail Analysis

1133 words - 5 pages inside. Another point about that scene is that although music was used in the majority of the film, in that scene wasn’t used. I think the reason why there is no music in that scene is that facial expressions and tone of voice of Dan already reflect all the emotion of the scene to the audience. After taking the job, we see the scene of celebration party.In that scene, for the first time we encounter close friends of Dan and Leanne as a viewers and

Jesus Reflection

1015 words - 5 pages August 17, 2013 Christian Worldview Mrs. Farley Jesus Reflection Essay What I learned from the Jesus film was about his teaching. I have to say he preached a lot of good words and I wished I can see various people practice his words in society and cultural. There are some people who follow and read the Bible to start their life on a righteous path and there are some that I see our falling into sins and wrong choices in life. In the

Adaptation of the Hobbit

1152 words - 5 pages (north and south areas) and the scenery it provided really added to that fantasy-like vibe. There were a lot of up close shots of the characters which really allowed for depth without words but rather with the use of facial expressions. An example would be Bilbo Baggins, the hobbit character in the movie. He did a great job silently expressing his struggles and curiosity with the ring he found from the first film: An Unexpected Journey and hung

How Films Communicate

968 words - 4 pages characters do a great job with portraying their certain characters and characteristics and make you think you are actually back in time. With all things combined I really enjoyed the movie and liked how most of it was filmed outside and in a free kind of set. The Technical Language of Film Field of Dreams, 1989 I think with this movie the cinematography added a lot to the value of my experience. There were beautiful angles of the

Analysis Of Thirteen Days Directed By Robert Donaldson

1634 words - 7 pages witnessing that day in 1962. The entire film was brilliant written by David Self, working tirelessly with primary sources from Ernest May and Phillip Zelikow’s book The Kennedy Tapes – Inside the White House During the Cuban Missile Crisis. While it seems at times that Self forces Kevin Costner’s character, Ken O’Donnell, onto the audience, the entire film flows very well, a near-perfect recreation of the dramatic thirteen days. The entire crisis

Pan's Labyrinth

2040 words - 9 pages Pans Labyrinth directed by Guillmero Del Toro is presented in a way that creates meaning through audio and visual elements. This essay will examine these techniques within the opening sequence of the film and interpret them in detail as well as discussing the sequence in the overall contest of the film. The interpretation includes the period post the Spanish Civil War, fantasy, reality motherhood and rebirth all introduced within this sequence

Management

4919 words - 20 pages is subject to official scrutiny. They have plenty of thoughts and ideas inside their heads – but how to get these out in a readable form? This is the challenge of essay writing. ESSAY STRUCTURE Good essays have a clear structure: Introduction (see page 10) Main body of essay – broken into paragraphs – each paragraph dealing with an issue relating to the essay subject and connecting with the one before and after Conclusion (see page

Related Essays

P.S. I Love You Essay

2028 words - 9 pages “P.S. I Love You” Cindy Sheldon ENG225: Introduction to Film Instructor: Sarah Snook September 7, 2013 “P.S. I Love You” Introduction: For this film critique essay I will be writing about the movie P.S. I Love You (2007). This paper will explore the storytelling, the actors as well as how they act in the film. We will explore the cinematography, editing, sound, and the style and directing for this movie. The last few things we will

Kubrick's Life Essay

1261 words - 6 pages York City Marshal and Manhattan clubs, chess games of fortune did. DOCUMENTARY FILM FIRST Kubrick's first film essay, "Day of the Fight" with the name in 1950, he led all the money accumulated to date, boxer Walter Cartier subject of a documentary film of the 16-minute short. The first film yönetmenlikten assembly, he did everything from directing sound image. The film was bought by Howard Hughes and RKO şiketi legend movie was shown in New

Fake Documate To Read Full Essay

4754 words - 20 pages essay formats to improve their writing skills, and admission essays are often used by universities in selecting applicants and, in the humanities and social sciences, as a way of assessing the performance of students during final exams. The concept of an "essay" has been extended to other mediums beyond writing. A film essay is a movie that often incorporates documentary film making styles and which focuses more on the evolution of a theme or an

A Month Without Computer Usage Essay

639 words - 3 pages manage everything and be productive. A business without a computer will likely be very slow and unproductive and end up been a failure. In my field of study which is networking, not having the use of computers is devastating because it would dramatically reduce the amount of job openings in the networking field. In this day and age mostly everything has a tiny computer imbedded inside; it may be hard to realize that even a simple alarm clock is