Inside Job

Roberto Lorenzo 11-0221
Professor Reyes
Financial Math
02/10/2012
Inside Job
Introduction:
author and producer Charles Ferguson approaches with Inside Job a way of devising us recognize how even the most outstanding leadership and people from the pecuniary world, even government, have influenced and someone contributed to the pecuniary crisis of the world now a days. Ferguson manages to show the public what authentic whollyy happened with a view of how it began emerging and coming up to be what todays financial status we have. We are satis situationory to appreciate the reactions and position of many of the mayor heads of finance exemplification of the United States of America and how are they still today disrupting the spherical markets making them collapse little by little. The documentary tells all the details of the procedures, interferences and sparks that triggered the crashed markets in the USA which affected other supranational markets such as a very developed surface area as Iceland.
Iceland: A stable, low crime, whole educational system, strong stability in social and financial system. The documentary begins telling the story of what happened in Iceland which caused three of the mayor banks the during a 5 year period were privatized.



The financial crisis of 2008 hit Iceland very elusive; this country is one of the many which it was fairly to say that it was in a good state. Banks were having losses of around 10 cardinal dollars while the GDP was only 13 billion. There was a high unemployment rate in Iceland during the crisis, mainly caused by the fact that the country had an overpopulation of 320,000 people causing that the demand for jobs was way high than the jobs available. A multinational company Alcoa came into the picture completely disrupting the financial system of Iceland, along with banks borrowing quantities of money 10 times larger than the countrys GDB (along with everything else) would certainly be copious to say that the crisis had Iceland in the downfalls.
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