Inside Job

A 2010 documentary film called Inside Job is about the 2007–2008 Global Financial
Crisis. The worst economic catastrophe since the Great Depression is currently the global
financial crisis. The failure of mortgage debtors to make payments led to the financial crisis.
The Federal Reserve dropped the federal funds rate, which gave consumers the chance to
borrow money to buy homes and sign that led the beginning of the financial crisis. Banks and
other lending organizations were unaware that some of the homeowners had credit issues.
Borrowers started defaulting as interest rates rose, which forced the institutions to declare
bankruptcy. Furthermore, it was alleged that the rating agencies in charge of rating mortgage-
linked instruments misrepresented the risks related to those assets.

Large corporations have the power and size to flout laws like environmental
regulations. I couldn't help but be upset and feel sympathy for everyone who was impacted
by the financial crisis as I watched the movie, especially for those who had hoped to buy
homes for their families. Additionally, I cannot help but be repulsed by the rating agencies'
moral decisions, which led to the financial disaster that they have up until this point
continued to deny. The financial crisis also demonstrates how unstable interest rates are and
how powerful the effects of each Central Bank move are. The job situation and the nation's
inflation might both be impacted by a simple central bank decision, which could have an
impact on people's daily life. A rise in inflation will impact interest rates, the cost of goods,
and other factors. Additionally, corporate bankruptcy filings may have an impact on the
employment rate.

Since the United States and the Philippines trade, as well as other foreign exchange
transactions and foreign investments, as a citizen of the Philippines that also affect by the
financial crisis, particularly for those of our fellow Filipinos who lost their employment as a
result of the financial crisis. Inside Job elicited strong emotions and reactions from its
audience as a whole. The financial crisis has adverse effects on both market confidence and
banks, in addition to the former. However, there is always a positive effect in addition to
every negative effect. In addition to serving as a straightforward documentary, this work may
one day serve as an archive.