The documentary Inside Job is split up into multiple parts and has to do with the financial crisis that struck the economy in the late 2000’s. The first part of the documentary has to do with how the whole economic crisis originated. One of the main points in the first part of the film is that the majority of small and privately owned businesses slowly changed into publicly owned companies. Another important factor mentioned is that most salaries for professors and bankers at that time rose tenfold. The second segment of the documentary described the housing bubble of 2001 up until 2008. The most important idea of this part describes loans. In that time period of the new millenium, loans were given out almost like candy. These loans range from credit card loans and car loans to mortgages for homes. This in turn would cause the prices for homes to shoot up drastically, greatly reducing the chance of any loans getting repaid. Also, this caused foreclosures of homes and businesses to declare bankruptcy. Eventually, the people that were supposedly in charge of all the problems were brought up in court and were facing charges. Not only did they testify that they weren’t responsible, but they also got bonuses and raises! MOUNTAINS OF RIDICULOUSITY! Today, most of these idiots are still in power, unfortunately. I’m not surprised..
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- Nicole Hala