Inside job movie essay

Document Type:Essay

Subject Area:English

Document 1

The success of the documentary film won the Academy Award for the Best Documentary production in 2010 for its utilization of complex material, pacing, research and exposition. While the unfolding of the crisis events may be attributed to the financial outlook of the scenario, there are high possibilities that politics and the media were involved in shaping and publicizing the late 2000s economic depression. An in-depth investigation into the relationship between the financial crisis and the role of politics and media is conducted to formulate a viable conclusion and informed opinion about the award winning documentary. Contrary to claims that the financial crisis was a result of predictable global economic cycles, I believe regulation and deregulation processes shaped the environment within which the crisis thrived.

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In 1941-1980, the financial market in the United States experienced tight regulation which ensured stability but inflexible operation. Larry Summers, a friend to Bill Clinton and also a close associate of Barrack Obama, demonstrated the lethal links between academics, leaders in Wall Street and regulators at the Capitol Hill. They were the root cause of the financial problem experienced in the United States. According to Fergusson, the crisis had strong political connections where Mr. Summers assumed the position of a Mafia Boss who facilitated the crime which resulted into the financial crisis. Despite being informative about the events that led to the financial crisis, I differ with the producer’s intentions to vilify specific personalities. Overall, Inside Job was a well-developed movie that exposed the rot in the American financial sector.

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