Question

Did the movie "Too Big to Fail" adequately explain the financial crisis of 2008? Were any...

Did the movie "Too Big to Fail" adequately explain the financial crisis of 2008?

Were any important factors left out of the movie?

Why is it important for the average American to understand the causes of the financial crisis of 2008?

Homework Answers

Answer #1

No, the movie did not adequately explain the crisis for one strong reason. It is the fact that the movie portrayed only the key players who are responsible during the crisis and focussed on only few triggered events on the crisis. It harldy explained what actually led to the crisis and apart from that it mostly focussed on few fictious events that took place. As mentioned above, the factors that are responsible for the crisis and the after effects were the main things that are responsible for the crisis. US is associated with Canada in many ways such as indulging with unions like NAFTA etc where the trade norms were liberalised and with the Canadian crisis and existing norms, it can directly hit the economy of the United States which is the reason why one has to get detailed about the crisis of 2008.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What were the major factors that led to the financial crisis that began in 2008? How...
What were the major factors that led to the financial crisis that began in 2008? How did we get here? You may find it useful to break this down into primary and secondary causes.
Too Big to Fail", has become a phrase associated with the banking industry and even gave...
Too Big to Fail", has become a phrase associated with the banking industry and even gave rise to a film on the financial crisis of 2007-2009. Here are some questions you may discuss and comment on (See the links under Resources below for additional information): Do you think that with all the regulations in place now, including the Dodd-Frank Act of 2010, and the recent changes to the act, we can avoid another major financial bail-out? Can you identify the...
Some have argued that there was a “perfect storm” that led to the 2008 financial crisis....
Some have argued that there was a “perfect storm” that led to the 2008 financial crisis. List the 5 main contributing factors that happened together that led to the financial crisis (maximum 2 double spaced pages). Note: the 5 factors are: 1-Dot-com bubble and the shift of funds from the technology era to real estate 2-Inflow of foreign capital from developing countries 3-Deregulation (refer to Glass-Steagall Act of 1933 and Gramm-Leach-Bliley Act of 1999 and shadow banking) 4-Financial innovation (CDOs...
Congress passed TARP in 2008 to try to save the financial institutions that were adversely affected...
Congress passed TARP in 2008 to try to save the financial institutions that were adversely affected by the crisis. However, the process of the government “bailing out” a business is subject to much debate. Is the moral hazard that was created when the federal government bailed out those firms that made bad investment decisions benefiting those firms and, in effect, penalizing firms who played by the rules? Do some firms make risky investments knowing that they are “too big to...
Explain how/why the 2008 financial crisis happened and how the US federal government contained that crisis.
Explain how/why the 2008 financial crisis happened and how the US federal government contained that crisis.
The US subprime mortgage crisis of 2007-2008 started in early 2007. It later caused a widespread...
The US subprime mortgage crisis of 2007-2008 started in early 2007. It later caused a widespread financial crisis in the US and even in many developed countries around the world. These crises were so severe that they in turn caused a slowdown of the economic activity in the US and, actually, in most of the world. In particular, the Great Recession of the US took place (officially) between December 2007 and June 2009. Some central bankers have argued that the...
Read the above ‘News Article’ and identify the accounting principles that Facebook violated, Explain your answer...
Read the above ‘News Article’ and identify the accounting principles that Facebook violated, Explain your answer "Why are shareholders suing Facebook? Totally separate from the Nasdaq issues, there's a regulatory investigation beginning into how Facebook and its bankers handled sensitive financial information. A group of Facebook shareholders filed a lawsuit in a New York district court on Wednesday, alleging that important information about Facebook's financial outlook was "selectively disclosed" to big banks ahead of the Initial Public Offering. It's odd...
A crisis needs a firewall not a ringfence By Alistair Darling Fortunately I’ve only ever had...
A crisis needs a firewall not a ringfence By Alistair Darling Fortunately I’ve only ever had to take one telephone call that made my blood run cold. On the morning of October 7, 2008, Sir Tom McKillop, the then chairman of Royal Bank of Scotland, called me to say that his bank was fast running out of money. He asked me what I was going to do about it. This was three weeks after the collapse of Lehman Brothers. The...
CASE: Atlantic Airlines Case Atlantic Airlines issued $100 million in bonds in 2008. Because of the...
CASE: Atlantic Airlines Case Atlantic Airlines issued $100 million in bonds in 2008. Because of the firm's low credit rating (B3), the bonds were considered junk bonds. At the time of the issue, the 20 year bonds were paying a yield of 12 percent. Investor Tom Phillips thought the yield on the bonds was particularly attractive and called his broker, roger Brown, to ask for more information on the debt issue. Tom currently held Treasury bonds paying four (4) percent...
Case Study 12.1: The Problems of Multitasking An eastern U.S. financial services company found itself way...
Case Study 12.1: The Problems of Multitasking An eastern U.S. financial services company found itself way behind schedule and over budget on an important strategic program. Both the budget and schedule baselines had begun slipping almost from the beginning, and as the project progressed, the lags became severe enough to require the company to call in expert help in the form of a project management consulting firm. After investigating the organization’s operations, the consulting firm determined that the primary source...