Finance is not limited to those who study it. It is a phenomenon rather than a major or profession. Today most people in our Arab world do not understand the financial crisis of 2008 & its implications. They have no clue what CDOs mean & they do not understand how IB (Investment Banking) came to exist. That is simply because financiers made sure that they complicate financial terminologies, which in return made it easier to scam normal individuals like you and I. To have a better understanding of the financial crisis, I recommend watching the “Inside Job”, an Oscar winning documentary that stars Matt Damon as the voice behind the scenes. I found it very luring as it does not take the pace of traditional documentaries. It also tries to eliminate any boring scenery that could make it tenuous & painful to watch.
Being a finance major, I understood the financial crisis very well, as most of my banking and risk courses were based on this particular “Black Swan” & how to regulate the financial markets. Yet, I found it very hard to explain it to people outside of my major. Inside Job simplifies it & makes it interesting to watch. I think it is very important to have the whole world aware of the mess caused by a few irresponsible individuals. I think it’s as important to make people aware that most of the individuals responsible for this mess went off the hook with almost no penalizing what so ever. Most of the unethical habits have been savored & nothing has changed. Big bonuses are still checked in by high level executives and their pay is still incomprehensible by logic.
I won’t be ruining the movie for you, but I truly think It is a movie worth the watch. Tune into Inside Job on Netflix!
MindFort Inc. 