INSIDE JOB VIDEO QUESTIONS1. What happened to Iceland’s economy (banks, businesses, regulation, people)?Iceland’s economy was built and focused around there natural resources and the exploitation of them. However, in 2000 Iceland faced a threat when their banks went international and where eventually caught in financial issues putting not only them but the population without a job or without a sector to work in. The rates of unemployment multiplied by 6. 2. Who are the two companies mentioned that led to the collapse of the financial market?3. Explain Part I in “how we got there,” (min. 2 sentences):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.6. Does the video say derivatives make markets safer or more unstable? Why?
Derivatives bring instability to baking and lobbying in the market industry as they allow for a global scale gambling on anything. Weather, sports, amarket crash,... This was said to stabilize the market(bankers said this), however, it destabilized the market and led to a market crash with the use
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