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Inside Job Summary Essay

Charles Ferguson’s “Inside Job” is a comprehensive, infuriating documentary about the financial crisis of 2008. It argues persuasively that the meltdown was caused by widespread fraud and deregulation in the financial industry.

Ferguson interviews a who’s who of bankers, economists, and politicians, all of whom have a hand in the crisis. He shows how deregulation allowed banks to take ever-greater risks in pursuit of ever-higher profits. And he documents the cozy relationships between Wall Street and Washington, which led to lax regulation and a blind eye to fraud.

The film is dense with information, but it’s never less than fascinating. And it’s ultimately very angry: at the criminals who perpetrated this fraud, and at the government officials who failed to stop it.

This movie is about the recession and how it was caused by inefficiencies in the industry and unfavorable banking practices. The director has conducted several interviews to expose some hidden realities about the situation.

For instance, one of the key features of this movie is that Charles Ferguson interviewed a wide range of people from various economic sectors. He interviewed bankers, economists, and government officials who were involved in the financial crisis. This movie provides an overview of how the global financial system works. In addition, it also presents some possible solutions to prevent future financial crises.

Overall, Inside Job is an informative and eye-opening movie that everyone should watch. It is essential in understanding the causes and effects of the global financial crisis. Furthermore, it gives insights on what could be done to avoid another devastating economic downturn in the future.

The movie leaves no question that the crisis was not accidental, and that implicates many people who ought to have known better. It names Large financial institutions as well as politicians and businessmen as being knowingly engaged in actions which they knew were wrong– all in the name of making a profit.

The most interesting part of the movie for me was when Charles Ferguson, the director and narrator, interviews a few people who were involved in the financial crisis. He interviews Andrew Cuomo, the former governor of New York and now head of the Department of Housing and Urban Development; Eliot Spitzer, the former governor of New York; Timothy Geithner, the current treasury secretary; and Hank Paulson, the former treasury secretary. All four of these men have something in common: they all worked for Goldman Sachs at some point in their careers.

I find it very telling that all of these top government officials have such close ties to Goldman Sachs, one of the biggest banks on Wall Street. It seems like these officials are more interested in protecting the interests of the banks rather than the American people. This is why I think it’s important for more regulation in the financial industry. Right now, the banks are essentially regulating themselves, and we all know how that turned out.

If you want to learn more about the financial crisis and how it happened, I recommend watching Inside Job. It’s a very well-made documentary that does a great job of explaining everything in layman’s terms.

This film is divided into five parts. These are the how we got here, bubble, crisis, accountability, and where we are now aspects of our history. I’d concentrate on the first three in my analysis as a student.

“How We Got Here” explains how Charles Ferguson believes we got to the current financial crisis. He blames it on a combination of deregulation and crony capitalism. I agree with his assessment, but I would have liked to see him go into more detail about the role that Greenspan played in creating the housing bubble.

“The Bubble” talks about the housing bubble and how it was created. This part was very interesting, and I found it eye-opening to learn about all of the different ways that banks and other financial institutions were able to game the system.

“The Crisis” covers the actual financial crisis itself. This was probably the most gripping part of the movie, as it includes interviews with people who were directly affected by the crisis. I found it particularly heartbreaking to hear from the people who lost their homes.

“Accountability” looks at what has happened since the crisis. I was surprised that no one has been held accountable for their role in causing it. This part of the movie is very important, but I think it would have been even more powerful if Ferguson had interviewed some of the people responsible for the crisis.

“Where We Are Now” is a brief look at where the world economy is today. This part was not as interesting to me, but I think it’s important to understand where we are now so that we can prevent another financial crisis from happening in the future.

A few financial institutions had a hand in causing the crisis, according to this movie. These include investment banks, insurance companies, rating agencies and more. Some of the main investment banks implicated are Goldman Sachs, Morgan Stanley, Lehman Brothers and Merrill Lynch. As for important insurance companies, AIG , MBIA and AMBAC top the list. Moody’s Standard & Poor’s and Fitch serve as the rating agencies named in the film.

This documentary starts with Charles Ferguson narrating how he became interested in this topic. He says that he wanted to make a movie about something important and he felt that the financial crisis was important. The movie then goes into what caused the crisis. It claims that deregulation of the financial sector is one of the main reasons for the crisis. The Glass-Steagall Act was repealed in 1999 and this allowed commercial banks, investment banks, and insurance companies to merge.

This created huge firms with a lot of power. The other main reason for the crisis was too much leverage. Leverage is when you use debt to buy assets. For example, if you have $1 and you borrow $9 to buy an asset worth $10, you have a leverage ratio of 10:1. Before the crisis, the leverage ratios were 30:1 or even higher. This means that these firms had $30 of debt for every $1 of equity. This is a very risky way of doing business and it led to the collapse of many firms during the crisis.

The movie then goes into what happened during the crisis. It talks about how Lehman Brothers went bankrupt and how AIG was bailed out by the government. It also talks about how some rating agencies gave AAA ratings to subprime mortgage-backed securities even though they were very risky. These AAA ratings misled investors and helped to cause the financial crisis.

The movie ends with Charles Ferguson giving his thoughts on the financial crisis. He says that the people who caused the crisis should be held accountable. He also says that we need to fix the system so that this doesn’t happen again.

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