Date post: | 13-Apr-2017 |
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Economy & Finance |
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PowerPoint Presentation
The Journey.Directed by Charles H. Ferguson and was released on 8th October 2010.
Won Oscar award for the best documentary (2011) and 5 other awards in different award events.
The whole movie is narrated by Matt Damon.
Budget: $20 million Opening week: $39000 Gross: $4.5 billion
Perfectly named Inside Job.
The Story.Movie is divided into 5 PartsHow we got hereThe BubbleCrisisAccountabilityWhere we are now
2008
HOW DID IT START ?
2008
1980ICELANDBanksInsurance CompaniesCredit Rating Agencies
BANKING- A THREAT
1999
VIOLATED THE GLASS-STEAGAL ACT2001GRAMM-LEACH-BLILEY-ACT
Short-term Financial Crisis Financial Institutions in Internet CompaniesSecuritization Food Chain
Events before the Bubble
Securitization Food Chain (2001)CDO (Collateralized Debt Obligation)
CrisisAll the warnings were IGNORED
Accountability
Top Executives were paid bonuses instead of being firedBankers complained Regulators did not do their job$5 Billion for lobbying & campaign contributionsAcademic Economists advocated for deregulationConflicts of interest as these economists were consultant to companies
Where are we now?
The American economy is weaker than beforeUnemployment and inflation are at a riseObama came with a lot of promise but the government did not prosecute any senior executivesThe government did not bring any financial reform and this resulted in
Wall Street Government
Beware of complex financial instruments.
Do not believe in Rating agencies Just Opinions.
Bonuses: A step towards Bankruptcy.
Understand the implications that Conflicts of Interest could have.
Greed is the big plague of mankindA few lessons
Presented ByPAYAL BHANDARI (32)PAREESH BHATIA (31)KRITIKA SINGH (30)SYRIL THOMAS (29)MEHER KOMAL (28)LOVESH LOONKER (27)LIKITHA PADIYALA (26)KHUSHBOO GUPTA (25)?ANY QUESTIONS