대학 과제_Inside Job_영화감상문 (영문)
분야
docxThe first impression about the movie was, “This is going to be very difficult to understand.” In fact, it wasn’t very difficult to understand. Instead, the movie left me several questions that I couldn’t answer. The questions are, “How am I supposed to deal with the very shocking news?” “Is it the economic structure that experts built wrong, or is it morality of the structure builders went wrong?” and “Is the movie telling me the truth?”
There were many “amazing” financial frauds introduced from the movie. High executives and CEOs in top financial companies such as AIG, JP Morgan and Goldman Sachs used their power, money and connections to deregulate financial sector and give false ratings, triple As, for investments such as CDO and mortgage loans. Even though they were rated AAA, because the ratings are false, the investments actually cause investors losses. When investors gathered around to invest in those “false” AAA investments, people like Morgan Stanley and John Paulson invested in hedge funds that go opposite direction of what they sold to investors: triple A mortgage securities. And they kept earning money by doing so. There were more people introduced in the movie who were engaged in such antisocial financial fraud. In fact, I should say that’s “antiglobal” financial fraud since world economies are linked together which is proved by world recession in 2008. What I couldn’t believe was that those muggers who caused a severe damage to the world got away without being punished. I’m not sure if the financial structure built by experts is working well, but what I’m sure is that if manipulators of the structure such as economic experts, CEOs of top financial firms and the Secretary of the Treasury are immoral, and if they are given enough power, whatever the structure or model is, it would be completely useless.