Inside Job was a biased film. In this film they narrate it from more of a citizen point of view. They showed what happened, but also how it affected U.S. citizens. Therefore it did provide objective information. They saw that what happened on Wall Street was their fault. They held interviews with important figures in some of the national banks that were a cause in the crisis. Many people had very different opinions from what they thought was right and wrong during this crisis.
"The financial industry is a service industry. It should serve others before it serves itself." -Christine Lagarde
Rating - 3
"They will tell us that we need them and that what they do is too complicated for us to understand. They will tell us it won't happen again. They will spend billions fighting reform. It won't be easy. But some things are worth fighting for." -Narrator (Matt Damon)
I think our economy would still suffer, but we would be prepared. Since we have been through the 2008 crisis we would know that when things start falling we need to be ready to adjust our economy in order to make it through the new crisis. I think we could overcome it more quickly than in 2008. We wouldn't let it get too deep and too far than before.
2. What happened during the housing bubble that caused the devastation?
During the housing bubble banks weren't able to keep up with all of the mortgages. House prices nearly doubled and caused many foreclosures because homeowners were forced to borrow more and more money that banks did not have to offer them. This caused larger losses for the banks financially.
Production company: Sony Pictures Classics
Distribution company: Cinetic Media
Locations filmed: United States, Iceland, England, China, France, and Singapore.