Inside Job Reaction Paper Essay Example

part for me was in the part that shows in 2008 when it said that the financial crisis was a predictable accident. This movie said the uncontrollable relaxation of regulation brought the crisis.

The movie says the reason why United States economy grew without any specific financial crisis for 40 years since 1930 is that financial industry had had strict regulations. After 1980 regulations were relaxed one by one, the finance sectors started to interfere in domestic affairs. As a result, people were able to borrow money easier and eventually it became the cause of promoting the insolvency of mortgage loan. Ultimately after the financial crisis the financial industry still isn’t trying to take the responsibility. There are still a lot of lobbyists working for the financial sector.

Eventually it does not seem to improve even in the Obama administration. I think people and institutions that caused the crisis are still having power in controlling the whole world and that must be changed. The inspired narration for me was when they told us that we need them and what they do is too complicated for us to understand, and it won’t happen again. And they say we need to trust them. This movie gave me a realization that I need to study more to understand what is going on in this world so I can get the knowledge of what is best for me and best to the world.

I would like to end the reflection paper with a quotation from the movie. For decades, the American financial system was stable and safe. But then something changed. The financial industry turned its

back on society, corrupted our political system and plunged the world economy into crisis. At enormous cost, we’ve avoided disaster, and are recovering. But the men and institutions that caused the crisis are still in power and that needs to change. 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.