Global Financial Crisis of 2008 in the Movie, How We Got Here

The global financial crisis of 2008 has caused millions of people to lose their homes, jobs and savings, and it nearly resulted in a global financial collapse. It resulted in the threat of total collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. On top of that, the housing market was damaged, causing in evictions, foreclosures and prolonged unemployment. There were many factors directly and indirectly caused the Great recession. The crisis resulted from a combination of complex factors, including easy credit conditions during the period between 2002-2008 that encouraged high-risk lending and borrowing practices without assessing default-risk; international trade imbalances; real-estate bubbles that have burst; fiscal policy choices; and approaches used by nations to bail out troubled banking industries and private bondholders, assuming private debt burdens or socializing losses (Lewis 2011). â€Å"Inside Job† is divided into five main segments- who, what, when, why and how. The first part of the movie was â€Å"How we got here?†. The movie brings the viewers back to the past in the 1930s when US had a strong financial system. The regular banks were local businesses and they were prohibited from misusing depositor’s money. The investment banks were private partnerships, and thus risky investments were not made. Under the regime of president Ronald Reagan, the American financial sector wasShow MoreRelatedInside Job Documentary1430 Words   |  6 Pagesexplaining 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 systematically dismantled since the Reagan years (powered by Wall Street lobbyists) which played aRead 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 MoreInside Job1673 Words   |  7 Pagesa 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 dry land with pollution. In a context of global economic crisis, everyone appears to be blaming the other in orderRead MoreInside Job Movie Review1111 Words   |  5 PagesMovie Review of â€Å"INSIDE JOB† â€Å"Earth provides enough to satisfy every man s needs, but not every man s greed,† said Mahatma Gandhi and this is somewhat the crux of this movie. Inside Job is directed by Charles Ferguson, and it highlights the reasons and the consequences of the global financial crisis of 2008. This movie is basically related to recession that was caused by the inefficiency of the industry and the unfavourable banking practices. The director has conducted several interviews andRead MoreInside Job Analytical Report3567 Words   |  15 PagesWas the 2008 MELTDOWN avoidable? Memorandum of Transmittal To: Sir Azmat Ahmad Ansari From: Syeda Benazir Burhan Date: 28/2/2013 Subject: Analytical Report on the Documentary Inside Job In response to your request of 14/2/2013, I have analyzed the documentary Inside job. Im pleased to present enclosed report, which summarizes the financial break down in the year 2008, described in the documentary. Based on my analysis, the subject of Inside Job is the global financial crisis of 2008. It featuresRead MoreAnalysis Of The Movie Mount An Effort On The World s Finance Markets 2267 Words   |  10 Pagespredispose us to a particular point of view of the world we have in common.† (p.104) The film Inside Job, (Ferguson, 2011) examines the recent global collapse of the world’s finance markets. What position do the filmmakers take on this issue and how do they develop and illustrate their argument to the audience? Your answer must include comment and analysis on its structure. It must also examine the way any rhetorical argument is developed and explain how the storytelling in the film relates to any documentaryRead MoreJeff Nichols s Take Shelter3124 Words   |  13 Pagesschizophrenia. On another, allegorical level, the film suggests that Curtis’ apocalyptic visions are signs of a much more significant phenomenon- the transformation of the world into something which US Americans can no longer control. By the end of the film we are left to decide whether Curtis has succumbed to his own private madness or whether this is a reasonable reaction to metaphorical storm clouds which really are gathering for the United States and its inhabitants. 1. The US American Good Life andRead MoreInside the Meltdown49737 Words   |  199 Pagesestablished 75 years ago in the Great Depression. ... How does it feel being head of FDIC during another grand crisis? It s a very important place to be right now. We re getting a lot of media attention, and I think that s positive because I think the FDIC is all about public confidence. That s how we maintain the stability with people having confidence in our brand and our insurance guarantee, and I think we ve done that fairly successfully. We have seen a lot of stability. People are keeping theirRead MoreCase Study4696 Words   |  19 Pagestricks. Last night he screened a rough cut of Dinosaurs, Disneys big animated movie for next summer; he loved the story but complained that some jokes were stale. Today hes holding a four-hour brainstorming session about Mickey Mouse, looking for ways to keep the 71-year-old rodent relevant. (One idea: a skateboarding Mickey.) Later, hell watch Peter Jennings newscast on Disney-owned ABC and surf the Internet to see how the companys Websites stack up. Is this any way to run the worlds most troubledRead MoreFeds vs Anti-Feds3174 Words   |  13 Pageshad inten ded to post Part II of the WWI question last night, but got caught up doing movie reviews on Life of Ando. So to slake your ravenous historical thirst in the meantime, here is my assignment from my history class this past week. If you’re really into American history and how the politics of the early Republic shook out, Jefferson vs. Hamilton is a great study. It’s also a little, I guess comforting, to know that as bad as we think today’s politicians are, politics was always a very dirty