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Film Analysis-Inside Job

The documentary Inside Job analyzes the causes and consequences of the 2008 global financial crisis. It shows how corruption in the financial services industry led to risky lending practices that prioritized profits over customers. This caused many people to lose their homes and jobs. While executives were rewarded, the crisis resulted in a recession, unemployment, and collapsed exports. Students learned that a basic understanding of financial markets can help avoid fraud and make prudent decisions, as the film revealed how financial activities can impact the broader economy when abused.

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518 views2 pages

Film Analysis-Inside Job

The documentary Inside Job analyzes the causes and consequences of the 2008 global financial crisis. It shows how corruption in the financial services industry led to risky lending practices that prioritized profits over customers. This caused many people to lose their homes and jobs. While executives were rewarded, the crisis resulted in a recession, unemployment, and collapsed exports. Students learned that a basic understanding of financial markets can help avoid fraud and make prudent decisions, as the film revealed how financial activities can impact the broader economy when abused.

Uploaded by

Xytus
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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CAED102: FINANCIAL MARKETS

ACTIVITY #2: FILM ANALYSIS: INSIDE JOB

Name: ____Xytus Anne B. Cortero_________ Section: ___AC24______

INSTRUCTIONS:
Answer the following questions and cite your corresponding source/s.

1. What is the documentary all about? (2 pts)


Answer: The film is described by Ferguson as “the systemic corruption of the United
States by the financial services industry and the consequences of that systemic
corruption.”

It shows how the society is corrupted and the consequence of their actions to what crisis
this led to. It discussed the major issues in the financial system that led to global crisis.
Source/s: https://sites.google.com/site/aaaaamacro4/lec7-8

2. What are the reasons behind the crisis? (5pts)


Answer: According to the documentary, the global crisis is caused by out-of-control
industries that committed criminality such as fraudulence. Financial institutions chose
subprime knowingly that those are riskier loans for customers because it has higher
profit. Financial employees use company money on indecent things such as hiring
strippers and recording it as company expense. Financial companies chose riskier loans
for customers because it was for their own benefit.
Source/s: Inside Job Film/Documentary

3. What are the effects brought about by the crisis(5pts)


Answer: Due to the global crisis, many people lost their jobs and their homes. A lot of
homeowners experienced fraudulence by investment banks unknowingly they were to
pay a huge amount of mortgage loan. Financial companies/institutions earned a lot while
investors almost lost all of their money and savings. This caused a huge number of
unemployment in the US that reaches up to 10%. Exports also collapsed at about 30%.
Recession accelerates and spreading globally.
Source/s: Inside Job Film/Documentary

4. What are the valuable insights/learnings do you get what watching the
documentary? (5 points)
Answer: The corruption on the society was so big that major investment banks and other
financial institutions led to bankruptcy because of their own actions. Using the money of
investors and homeowners just for their own benefit. CEO’s and other financial executives
involved in the corruption were not justified enough that not only they took the daily life of
people they even took home a huge amount of money. The criminalists, instead of being
punished, get rewarded in millions of dollars. The documentary was very precise and exposed
the corruption in the US in 2008 that led to a global crisis.
Source/s: Inside Job Film/Documentary

5. As a student, what do you think is the relevance of the documentary in our


subject: Financial Markets? (3 points)
Answer: I think its important that people have a basic knowledge on these matters
because it is it would help us create precise decisions regarding financials matters. Some people
don’t have the basic knowledge on these things resulting to them experiencing fraudulence. The
financial institution/ companies in the documentary showed how money flows and how financial
markets are also a great deal in the economy. Trading, stocks, bonds, investments and such has a
major role in the financial market that if not properly used it leads to bankruptcy.
Source/s:

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