Summary on the Inside Job Documentary Essay Example

ground was paving way right beneath their feet.

What followed was a domino effect, with a succession of top investment banks and other financing houses either adopting bankruptcy or being bailed out by the government. The third approach taken by these companies to keep from collapsing within themselves was to request the Congress for a $700 billion bailout. Despite this and other initiatives adopted by the Bush administration, the companies still failed to recover from their huge losses and debts due to defaults and bad debts on the part of their borrowers.

The Obama administration, which came into power as soon as the crisis was in its maturing stage, was expected to implement reforms that would help turn around the economy. Sadly enough, even though reforms were suggested and implemented, they made very little or no impact on the economic situation of the US. They merely helped further the gains the top executives managed to make during this crisis. The question of accountability which was raised in the movie, would have normally pointed fingers at these same top executives who sat on this issue and were aware of it even before its impacts struck the economy.

Unfortunately, this question still goes unanswered, as depicted clearly in the movie. The lobbying done by the investment bankers at Wall Street literally had financial policies being drafted and implemented by them. Figuratively speaking, they had Washington under their thumb, which is still the case today. Parallels can be drawn with our Indian situation with scam cropping up in every sector of the government and among private players, who try to follow the rules, but end

up following the money trail.