Inside Job Essay example
Undergraduate
Essay
Finance & Accounting
Pages 3 (753 words)
Download 0
Inside Job Capture of the government and academic sectors by the U.S. financial industry It has been observed that high ranked Federal government officials as well as the researchers in the academic sectors are influenced by the financial industry in US. The capture of US government officials leading to activities that serves the interest of the US financial sector instead of their roles and duties towards the welfare of the public could be termed as regulatory capture…

Introduction

Thus its is a failure on the part of the government in promoting welfare of the public by holding a non-biased and wider view towards all sectors of the economy. The financial industry in US has a high stake in the outcome of the regulatory policies framed by the US government. The other industries in the economy of US have a comparatively minor stake in the outcome of the regulatory policies of the Federal government. Thus the financial industry tries to maximize its gains and profits that are influenced by the regulatory polices of the US government. In their plight of maximizing the gains of the financial industry, the high ranked Federal government officials who are at the helm of their political tenure are influenced by the financial industries. The government officials were originally stakeholders of the financial industry could align themselves with the intentions of the industry. As a result of this, the US government officials are captured by the financial industry and the policies are also influenced to their advantage and thereby ignoring the interests of the general public. ...
Download paper
Not exactly what you need?

Related papers

Inside Job
Position of the Iceland economy before and immediately after deregulation "Inside Job" begins not on United States’ Wall Street but in Iceland, a nation whose complications produce to be the world's in small-scale version. Ferguson’s documentary looks into how this small country, with an impressive gross national product of $13 billion, ended up with bank losses of over $100 billion? Ferguson…
The Financial Crisis
Although greatly linked to the sub-prime mortgage crisis, the causes of the 2008 recession are complex and multi-varied. This essay discusses the role of government policy, the role of mortgage originators, securitization, and moral hazards. Additionally, it presents an explanation of how the following work as well as what role they played in the crisis: subprime mortgages, mortgage backed…
inside job
The movie arouses emotions of hatred towards those with financial power and annoyance towards regulatory agencies. The activities portrayed are too inhuman to bear and even come to terms with, which people with such wicked ambition do exist, and little can be done to bring their mindset to a halt. This is including the lack of a conscious, which seems to be the perfect definition of a capitalist…
The Movie 'Inside Job' : Accounting in Context
The second reason is that unlike most other documentaries it did not simply focus on one specific aspect of the crisis, choosing to explore the world financial crisis from a broad point of view that gave credence to the actual content matter explained in the documentary. The presentation of the idea was also done in a way that made it easy to understand and follow. This is because the presentation…
From A (Documentary-FILM) "INSIDE JOB"
Naturally, as successive presidents, both Democrat and Republican, allowed for further and further deregulation to take place, the levels to which private industry were able to stray into previously uncharted waters, was a fundamental determinate with regards to what was actually precipitated. Although this deregulation was of course a massive contributor factor, one must also consider the means…
Contrast Job Order and Process costing. Be specific in explaining why you would use one over the other. Name a company, based on
Job-order costing, on the other hand, is a costing system that ascertains separately the costs incurred for producing the units for each job (Finkler, Ward, and Baker 34). The two costing techniques have certain differences, which makes them suitable for certain companies and not in others. This paper seeks to explore the differences between job-order and process costing systems. In so doing, the…
Finance crisis
The history was documented in various forms which later communicated with the succeeding civilisation and revealed the history. With the roll of time various means of communication were discovered and put to use by man. In the present age which is driven by technology, it provides more than one means of communication that makes communication all the more easy and dynamic in nature. Besides,…