Wednesday, November 7, 2012

exploration 8

Hannah Loper
English 1110.03
Mike Lohre
                                                                 The Inside Job

         The Inside Job was shocking to know that so many political figures, including the president, hired these big shot cooperation leaders, considering that they may have had part in the stock market crash of 2008. you saw how these men and women would do anything to make a buck, even considering that they were filthy rich to begin with. The main company that stood out to me about the banking fraud was Goldman Sachs. When Goldman Sachs gets sued they spend 150 million to ensure them selves. The thing that stuck out to me most in the film was the charts showing how much money was spent between 2007-2008, and how how much was lost between them years. It didn't surprise me that they were using company  money to pay for prostitutes, many wealthy people now in days are never fully happy although they have more money than they can spend.

In the link below you can see the change in the points between the eight days of the stock market crash of 2008 along with the aftermath of it. Included foreclosed homes,rise in home prices, and peoples credit lowering.

1 comment:

  1. I think the reason the presidents did this might have had something to do with the candidates being indebted to wall street. That and if you were going to hire someone the leader of a extremely powerful corporation would seem a credible choice. I mean at the very least they seem like they would know what they were doing.


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