What is inside job all about?
The global financial meltdown that took place in Fall 2008 caused millions of job and home losses and plunged the United States into a deep economic recession. Matt Damon narrates a documentary that provides a detailed examination of the elements that led to the collapse and identifies keys financial and political players. Director Charles Ferguson conducts a wide range of interviews and traces the story from the United States to China to Iceland to several other global financial hot spots.
Inside Job/Film synopsis
What is the main purpose of the movie Inside Job?
‘Inside Job’ provides a comprehensive analysis of the global financial crisis of 2008, which at a cost over $20 trillion, caused millions of people to lose their jobs and homes in the worst recession since the Great Depression, and nearly resulted in a global financial collapse.
What financial institution was the largest lender of subprime loans inside job?
Countrywise
The CEO of Countrywise, the biggest subprime mortgage lender in the USA managed to walk away with nearly half a billion dollars in the year preceding its downfall.
What happened to Iceland’s economy Inside Job answers?
Terms in this set (19) What happened to Iceland’s economy (banks, businesses, regulation, people)? crashed because they invested into American housing and the stock market. the Reagan administration deregulated savings and loan companies, allowing them to make risky investments with their depositors’ money.
Who wrote inside job?
Charles Ferguson
Inside Job: The Financiers Who Pulled off the Heist of the Century: Charles Ferguson,Charles H. Ferguson: 9781851689156: Amazon.com: Books.
Who did the interviews in Inside Job?
In the scene, the director, Charles Ferguson, is interviewing Glenn Hubbard, who used to be the chief economic adviser to George Bush and is now the dean of Columbia Business School.
What are riskier loans called?
What is a subprime loan? riskier loans with higher interest but these loans still received AAA ratings —> increase in predatory lending.
What did bankers do with derivatives?
Banks use derivatives to hedge, to reduce the risks involved in the bank’s operations. For example, a bank’s financial profile might make it vulnerable to losses from changes in interest rates. The bank could purchase interest rate futures to protect itself. Or a pension fund can protect itself against credit default.
Is Inside Job accurate?
Pretty accurate. According to the film, in 2009, Wall Street firms had revenue of approximately $433 billion, and paid record compensation of $139 billion. It might have counted more financial firms than the five we used: Bank of America, Goldman Sachs, Morgan Stanley, JPMorgan, and Citigroup.
How is the hiring process at Harvard University?
Hiring for faculty positions and post-doctoral fellowships at Harvard is usually conducted by academic deans and department chairs, and administered by offices for academic or faculty affairs at each school. Faculty and academic positions are posted at academicpositions.harvard.edu, or you can click the button above at the right to access listings.
What was the result of the inside job?
‘Inside Job’ provides a comprehensive analysis of the global financial crisis of 2008, which at a cost over $20 trillion, caused millions of people to lose their jobs and homes in the worst recession since the Great Depression, and nearly resulted in a global financial collapse.
Who is the director of the inside job?
Inside Job: The ones who really stole more than one Christmas and ruined lives Charles Ferguson, the director who brought us the 2007 documentary about the inside story of the war in Iraq, “No End in Sight,” turns our attention to the causes of the 2008 financial meltdown in his current documentary “Inside Job.”
What kind of jobs are available at Harvard?
Creating a safe, healthy campus takes teamwork, elbow grease and human concern. Harvard Gazette profiles 8 frontline workers. Interested in flexible employment opportunities? Working on assignment at Harvard in a temporary role is a great way to get to know the University and gain valuable experience.
