reduced income what were their two responses? 22. Do you think this movie is produced more from a left-wing (liberal), right-wing (conservative), bipartisan or anti-government perspective? Why? 23. What did you learn from this video that you can apply to our class? You as a consumer and your personal financial future? Focus 3 nglish (United States) INSIDE JOB VIDEO QUESTIONS INSIDE JOB 1. What happened to Iceland's economy (banks, businesses, regulation, people)2 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? Leeman Brothers, AIG 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. We got there due to lenders giving loans for mortgages that were not good and selfish tactics by businessmen gambling 4.