Inside Job By Charles H. Ferguson: Documentary Analysis

In today’s financial world, there is one ultimate driving factor, and that is money. Money is the ultimate driving factor in the financial world. Many individuals working within the financial sector get influenced by the idea that making profit is the main priority regardless of the costs that could be incurred. One of the biggest cost that can be incurred is deregulation. The issue of deregulation has caused a divide amongst society. Many push for regulation because they fear that risky actions taken by corporations will only benefit them financially rather than the interests that are best for society as a whole. The documentary entitled “Inside Job”, directed by Charles H. Ferguson, further explores these arguments for and against regulation …show more content…
Many supporters agree that regulation would have prevented the financial sector from borrowing way more money than they had to in order to cover their loses. For example, many supporters agree that regulation would have prevented Fed Chairman Ben Bernanke from asking Congress to give him $700 billion dollars to bail out the banks for their risky investments. In addition to that, many supporters of regulation claim that regulation would have prevented the usage of CDS (Credit Default Swaps) that were bought to bet against CDOs (Collateralized Debt Obligations) that they did not own. The list of possible situations that could have been prevented goes on and on throughout the documentary but those highlighted were some that played a major