Inside Job

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Inside Job

Category: Book/movie review

Subcategory: Economics

Level: University

Pages: 1

Words: 275

Review of the Documentary “Inside Job”
The international financial predicaments that spread-out in 2007 and 2008 drove the economy into recession and the bankruptcy (Damon and Ferguson n.p). Narrated by Matt Damon and directed by Charles Ferguson, the film “Inside Job” dissects the implications and causes of the decline and scrutinizes the role that some key political and financial figures played.
The magnificence of “Inside Job” is that it renders the potentially overwhelming subject of the ruin completely available to the common people. A person doesn’t have to be an economist or a banker to keep an eye on it. The film plainly explains the happenings with the help of Damon’s narration and graphical illustrations. It’s enjoyable to follow for both a well-versed professional and finance layperson.
“Inside Job” demonstrates the ways American monetary sector got the nation to the lip through sheer greed, irresponsible risk-taking, and multifaceted financial structures. Banks gave mortgages to persons who weren’t able to pay for them to earn better fees (Damon and Ferguson n.p). Through monetary engineering, these “toxic” mortgages were sliced, bundled up and diced into fancy sets and sold to external investors, who far along lost when house rates declined and debtors defaulted. The consequences spread through the economy and were severe. People lost their houses while pension funds and investors suffered hefty loss…

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