Topic > The Movie "Inside Job": Summary

In the movie "Inside Job", Matt Damon narrated a documentary that tells us that unstable systems led to the global economic crisis of 2008. Since the financial meltdown occurred global in 2008, has caused damage to the environment and caused millions of citizens to lose their jobs and homes. The documentary showed the institutions that caused the crisis, the people involved and what they did. This documentary profiled the people who caused the financial crisis, especially bureaucrats in the Bush administration and famous economics professors who refused to interview, such as Harvard University and Columbia University. In September 2008, the bankruptcy filing of Lehman Brothers and the collapse of the largest insurance company AIG shook the US economy. The global stock market will soon fade with the Wall Street shock. The world was flooded with tens of trillions of dollars and the global recession continued. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay With the bursting of the bubble, home and property prices collapsed, 30 million people were laid off from jobs, and 50 million people became poor. However, this was not a simple accident. This was a clear crime created by the unregulated financial sector. The indiscriminate expansion of the US financial community, which began in the 1980s, has led to a serious and ongoing financial crisis. At that time, the damage was greater, but Wall Street gained more. The film began with the history of Iceland, called the Scandinavian country of Scandinavia and received worldwide attention. In 2008, the financial crisis in the United States resulted in a 90% collapse in stock prices in one day, a monopoly on monetary value, a banking loss of $100 billion, and a per capita national debt of $400,000. The interviewer, a professor of economics at the University of Iceland, criticized the government's deregulation of the economy, the privatization of the banking sector, the economic bubble and the moral hazard of corporations and financial policy. The global financial crisis in the United States was the beginning of the crisis, as financial management supervisory bodies and government regulations for the control and supervision of financial institutions were relaxed, and their policies were largely adjusted to their interests. It dated back to the Reagan administration in 1980. In the Clinton administration, with the abolition of legislation separating investment banks and commercial banks, Wall Street was able to easily create market bubbles without any strings attached and complex “derivatives” without any restrictions, bonds (AAA grade) to earn money. As soon as the market bubble is blown out and the junk debt is exposed, thousands and millions of innocent citizens lose their jobs and homes, and the damage is not only to the American people but also to the Chinese people, European people, and the Asia to which the economy and finance are connected. I couldn't help it. Only the richest 1% enjoy their own, have-have-haves, indeed it is absurd to get more money and social status through such opportunities. The film told us that the world is uninterested in moral life. The prominent economists who wrote letters and interviews to suit the tastes of the financial lobbyists and CEOs, politicians and Wall Street owners who are responsible for the financial crisis and who encouraged ordinary people: no one was responsible for any of these events . Rather, the President has changed and has.