The Inside Job Term Paper Example | Topics and Well Written Essays - 1000 words

The Inside Job - Term Paper Example The documentary is about the financial crisis experienced in 2007 and 2008 among other vital economical issues in the United States and on the globe in general. The 2007 global financial crisis was a result of poor loaning scheme to the real estate sector that led to the worst state of bankrupt ever recorded. The United States legislators, out of their own greed, ordered the banking institutions to provide unsecured loans, only for the real estate owners to become loan defaulters. The scheme affected the global economy causing the prices of basic necessities to rise by certain percentages. Ferguson uses the documentary to highlight some of the corrupt deals and changes in the banking industry that brought the global financial crisis among other economical limitations. This study analyzes the documentary, putting emphasis on the motive behind the entire casting. The documentary contains five parts which are in a sequential order as far as the cause and effects of the global financial crisis are concerned. All the five episodes make a summery of the causes and effects of the global financial crisis. This paragraph contains the main financial summery with regard to the late-2000 US financial crisis. It begins by highlighting the poor performance, then the collapse of some of the greatest banking institutions (Iceland) in the United States. Iceland collapsed the moment its main shareholders, Lehman Brothers and AIG, went bankrupt. The producer engages narration as one of the main styles to pass relevant information in the documentary. The documentary is ideal for general viewing, but it would make more sense to those with economical knowledge since some economical and financial jargon words are used to describe the causes and effects of the global financial crisis. The first episode begins as a history documentary where the audience is taken through the US and the global economical status from 1940 to 1980, during which the financial sector was regulated. The docum entary creates a comparison platform, where the audience is made to recognize the difference between the current financial status and that of 20 years ago. It requires good financial analytical skills to note the difference, but the producer broke the entire idea into simpler details. He also tries to use the ordinary language and not financial technical jargon to describe his findings. One learns that the documentary is some sort of financial research findings, but in a simpler language. However, more emphasis is put on the blunders committed by the financial sectors. After 1980, there is no record of regulating the financial sector, and this helped various individuals to establish giant firms on the taxpayers’ money. The documentary records that an estimate of $ 124 billion of taxpayers’ money was channeled from the national treasury to start the giant companies. Various banks later ventured in internet banking scheme, where huge amounts were invested despite those f irms being infeasible. The financial sector lost about $ 5 trillion on the failure of the internet companies. The sector introduced some derivatives that caused even more instability. Several financial studies were conducted, and derivatives regulation was considered one of the remedies to reverse the financial status. However, a good number of legislators supported the bill of Commodity Futures Modernization, which later became a bill and compromised derivative regulations. From the year 2000, the financial sector was dominated by five major companies, comprising Goldman Sachs, Morgan Stanley, Lehman Brothers, Merrill Lynch and Bear Stearns. The other team was made of two financial partners, Citigroup and JPMorgan Chase. AIG, MBIA, and AMBAC, which are insurance companies,

An experience Essay Example | Topics and Well Written Essays - 250 words

An experience - Essay Example Despite of my repeated requests, he insisted on driving. I gave up after trying for a very long time. He was driving very fast and did not take care of the speed limits of the road. His rash driving led to us being stopped by the police. They performed the alcohol test and his alcohol level was above the normal limits. We had broken the law and we had to face the consequences. We were locked up in jail. Our parents reached for our help. They paid the fine. It was a very difficult situation for me. I found it very difficult to face my family and I had placed them in a tough position. I felt very ashamed. I learnt an important lesson that rules and regulations are meant to be followed. This is not only for the good of the society but also for not letting down your family. When I saw the concerned faces of my parents, I realized how reckless I had been. I analyzed that from that day onwards I would always follow the correct path and never let my parents down. My personality has been determined by both environmental as well as genetic influence. The occurrences of my life have alerted and shaped my personality but my response to these occurrences is determined by genetic influence. This is owing to the fact that there are many situations in which I see myself reacting in a similar manner as my father does. Thus my personality has been molded by both genetic and environmental