Paper Example on Inside Job: Financial Crisis Doc Chronicles Impact on 20T+

"Inside Job" film directed by Charles Ferguson enlightens on the financial crisis that resulted in millions losing jobs, homes with a total cost of over $20 trillion. It took place in 2008 and known to be the second crisis after the Great depression. Five vital parts encompass the documentary. The first part is entitled how we got there, the bubble, crisis, accountability and where we are now are the second, third and fourth parts, respectively.

Is your time best spent reading someone else’s essay? Get a 100% original essay FROM A CERTIFIED WRITER!

Save 25%

The documentary is vital in teaching and enlightening on the corruption in the banking system and the effects coined with it in our society. It is about a few people who failed to regulate the economy and thus uses to satisfy and address their personal needs. Such kinds of people defraud the ordinary investor, thus rendering the holistic economy less valuable. They included the bureaucrats who belonged to the administration of Presidents Reagan and George Bush. People in the society can thereby embrace change by avoiding and smoking out such people by reporting them to the relevant departments, thus securing the public wealth.

The filmmakers in "inside job" film attempt at exposing the financial crisis, thus enlightening the society at large on the corruption that may exist due to deregulation within the government. It is because an ordinary citizen may not pinpoint and notice such activities, but ultimately havoc can result, thus paralyzing many activities. Divulgence of such malicious practices will prevent a few who are planning to benefit themselves within the government. It is thereby a preventive measure before the consequences erupt. The financial institutions raised mortgages, thus making it unaffordable.

There are some of the social institutions that have been featured in the film is family. It is because as a result of the crisis, the ones who felt the impact are undoubtedly families since millions lost their jobs. For instance, after losing jobs, automatically some were unable to pay rent and thereby had to relocate to other places as a family. Such a crisis disrupted the average living standards of different families across the United States. At the same time, the film features schools. It echoes the unfairness that is caused by corrupt university professors. Such professors were in favour of deregulation after being appointed as the advisors in national economic affairs. They made a substantial amount of money and were accountable for the financial crisis.

Some of the social groups that have been represented in the film are rich people and the poor. The top figures in the government are the ones responsible for toppling the economy by disallowing ordinary investors to soar to the greater heights. It is thereby ironical since people of such nature have the docket of saving the country's economy, but they are the ones deflating it in full gear. On the last part of the film, it is evident that the gap between the rich and the poor is significant. Filling such a void is not a little task; it requires more considerable attention and responsibility.

Similarly, the film encapsulates some of the social problems such as drug abuse and poverty. A Wall Street madam featured in the documentary explains that the street operates in an umbrella of sex abundance and cocaine for valued traders and clients. Similarly, cocaine being an illegal drug, is traded mostly at night. All was reciprocated by the corruption geared officials who camouflages with the government.

Conclusion

Conclusively, in "inside job" film, the financial crisis was a proportionate deliverable of deregulation that existed in the government. It is thereby a challenge for the government to reform the financial industry for its general welfare and at the same time take severe actions for those found guilty of the offence.