Vy Nguyen - Inside Job - INSIDE JOB VIDEO QUESTIONS 1 What...

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INSIDE JOB VIDEO QUESTIONS 1. What happened to Iceland’s economy (banks, businesses, regulation, people)? During the crisis in 2008 the government let its banks collapse instead of bailing them out, as they proved too big to save. 2. Who are the two companies mentioned that led to the collapse of the financial market? JPMorgan Chase and Citigroup 3. Explain Part I in “how we got there,” (min. 2 sentences): How got here is there were 5 major banks, 2 financial conglomerates, and 3 insurance companies and 3 rating agencies. The investment banks bundled loans and debts into CDOs and the rating agencies would always rate them AAA which is the highest, safest rating even when they are risky. 4. What happened to the savings and loan companies? 5. What happened to the banking industry in the 90’s and 2000’s, consolidation or expansion? Give examples. Consolidation. Investment banks promoting internet banks, small banks collectively becoming one large banking firm, etc.
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6. Does the video say derivatives make markets safer or more unstable? Why?
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