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    Inside Job

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    sameen
    The document discusses the global financial crisis of 2008 and its causes and effects. It describes how deregulation of the financial industry, easy credit policies, risky trading practices like derivatives, and the collapse of the US housing bubble led to a global recession. The crisis resulted in millions losing their homes and jobs. It also had political impacts, sparking protests and civil unrest in many countries around the world.

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    Inside Job

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    sameen
    2K views41 pages
    The document discusses the global financial crisis of 2008 and its causes and effects. It describes how deregulation of the financial industry, easy credit policies, risky trading practices like derivatives, and the collapse of the US housing bubble led to a global recession. The crisis resulted in millions losing their homes and jobs. It also had political impacts, sparking protests and civil unrest in many countries around the world.

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    The document discusses the global financial crisis of 2008 and its causes and effects. It describes how deregulation of the financial industry, easy credit policies, risky trading practices like derivatives, and the collapse of the US housing bubble led to a global recession. The crisis resulted in millions losing their homes and jobs. It also had political impacts, sparking protests and civil unrest in many countries around the world.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    2K views41 pages

    Inside Job

    Uploaded by

    sameen
    The document discusses the global financial crisis of 2008 and its causes and effects. It describes how deregulation of the financial industry, easy credit policies, risky trading practices like derivatives, and the collapse of the US housing bubble led to a global recession. The crisis resulted in millions losing their homes and jobs. It also had political impacts, sparking protests and civil unrest in many countries around the world.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
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    The document discusses the causes and impacts of the 2008 global financial crisis, including the housing bubble, subprime mortgages, deregulation, and effects around the world.

    The crisis began with a liquidity shortfall in the US banking system triggered by the collapse of the housing bubble, which peaked in 2006.

    Factors that led to the bursting of the housing bubble included easy credit policies, risky lending practices like subprime mortgages, financial innovation/complexity, and incorrect pricing of risk.

    The first film to expose the shocking

    truth behind the economic crisis of 2008.


    The global financial meltdown, at a

    cost of over $20 trillion, resulted in millions of people losing their homes and jobs.

    THE SUBJECT OF INSIDE JOB


    The film follows a narrative that is split into five parts
    how we got here
    the bubble (2001-2007) the crisis

    accountability
    where we are now

    FOCUS OF FILM
    changes in the financial industry

    in the decade leading up to the crisis


    the political movement toward

    deregulation
    how the development of complex

    trading such as the derivatives market allowed for large increases in risk taking

    FURTHER DESCRIPTION OF CRISIS


    the film also looks at

    conflicts of interest in the financial sector


    It suggests that these

    conflicts of interest affected credit rating agencies

    MISS KHIZRA

    REGULATION ISSUES

    MORTGAGE CRISIS

    The US subprime mortgage crisis


    The US subprime mortgage crisis was one of the first indicators of the late-2000s financial crisis,

    characterized by a rise in subprime mortgage delinquencies and foreclosures, and the resulting decline of securities backing said mortgages.

    THE TERM SUBPRIME


    credit quality of particular borrowers, who

    have weakened credit histories and a greater risk of loan default than prime borrowers.

    MISS SAMEEN ASHFAQ

    POLITICAL IMPACTS OF THE ECONOMIC CRISIS

    POLITICAL IMPACTS OF THE ECONOMIC CRISIS 2008


    Economic crises of 2008

    are one of the reasons Tunisian revolution occurred. And the similar uprisings in Egypt, Libya and now in Syria prove the spread of political unrest.

    EFFECT ON EUROPEON COUNTRIES


    Freezes or actual cuts in public

    sector pay until 2013 Retirement pensions have also been frozen Increase in retirement age Some child benefits and allowances have been abolished Widespread increases in taxation, both direct and indirect (VAT), and Budget cuts are also affecting the areas of international cooperation, local government and the reimbursement of medical expenses

    EFFECT ON AFRICAN COUNTRIES


    beginning of the crisis Dictatorships in January

    2011

    EFFECT ON EGYPT
    government

    imposed a curfew grievance of Egyptian

    EFFECT ON LIBYA
    Protests use of force against

    protesters, Civil war is going on in Libya till today and the world is waiting for its end. As seen in Tunisia and Egypt, it is anticipated that Gaddafi will have to give up but whos to say.

    EFFECT ON SYRIA
    Global market and

    Syria Less exports

    MR. ZAIN

    FINANCIAL INNOVATION AND COMPLEXITY


    The term financial innovation

    refers to the ongoing development of financial products designed to achieve particular client objectives, such as offsetting a particular risk exposure (such as the default of a borrower) or to assist with obtaining financing

    INCORRECT PRICING OF RISK

    The pricing of risk

    refers to the incremental compensation required by investors for taking on additional risk, which may be measured by interest rates or fees.

    COMMODITIES BOOM
    Rapid increases in a number of commodity prices followed the collapse in the housing bubble. The price of oil nearly tripled from $50 to $147 from early 2007 to 2008,

    MR. YASIR ABBAS

    2008 CRISIS (A DETAILED VIEW)


    It was triggered by a liquidity

    shortfall in the United States banking system and has resulted in the collapse of large financial institutions, the bailout of banks by national governments.

    2008 CRISIS (A DETAILED VIEW)


    It contributed to the failure

    of key businesses, declines in consumer wealth estimated in the trillions of U.S. dollars, and a significant decline in economic activity, leading to a severe global economic recession in 2008

    2008 CRISIS (A DETAILED VIEW)


    The collapse of the U.S.

    housing bubble, which peaked in 2006, caused the values of securities tied to U.S. real estate pricing to plummet, damaging financial institutions globally.

    2008 CRISIS (A DETAILED VIEW)


    Questions regarding

    bank solvency, declines in credit availability and damaged investor confidence had an impact on global stock markets, where securities suffered large losses during 2008 and early-2009.

    2008 CRISIS (A DETAILED VIEW)


    Critics argued that credit rating

    agencies and investors failed to accurately price the risk involved with mortgage-related financial products, and that governments did not adjust their regulatory practices to address 21st-century financial markets Governments and central banks responded with unprecedented fiscal stimulus, monetary policy expansion and institutional bailouts.

    MISS SAMEEN ASHFAQ

    IMPACT ON FINANCIAL MARKETS

    FINANCIAL INSTITUTIONS

    WEALTH EFFECTS

    GLOBAL EFFECTS

    U.S economic effects

    MISS KHIZRA

    1929/2008: SIMILAR CAUSES

    THE AMERICAN ECONOMY IS FLOURISHING

    WITH ECONOMIC GROWTH COMES FRANTIC SPECULATION, BOTH IN THIS CENTURY AND THE LAST

    EASY CREDIT

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