2. 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”.
3.
4. The Story….
Movie is divided into 5 Parts
1. How we got here
2. The Bubble
3. Crisis
4. Accountability
5. Where we are now
8. 1999
VIOLATED THE GLASS-STEAGAL ACT
2001
GRAMM-LEACH-BLILEY-ACT
Short-term Financial Crisis
Financial Institutions in Internet Companies
Securitization Food Chain
Events before the “Bubble”
13. Accountability
Top Executives were paid bonuses instead of
being fired
Bankers complained Regulators did not do their
job
$5 Billion for lobbying & campaign contributions
Academic Economists advocated for
deregulation
Conflicts of interest as these economists were
consultant to companies
14. Where are we now?
The American economy is weaker than before
Unemployment and inflation are at a rise
Obama came with a lot of promise but the government
did not prosecute any senior executives
The government did not bring any financial reform and
this resulted in………
16. 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 mankind’
A few lessons…
17. Presented By
PAYAL 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